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Number of Real Estate Agents in the Eugene and Springfield Area Decline

Tuesday, November 30, 2010
by Galand Haas

Good Monday Morning!

Many business's have been touched by the slow down in both the national and local economies. Not that it should be of surprise to anyone, but the Real Estate sales industry has been severely effected by the recession.  Locally, we had just under 1,200 Real Estate agents in the Eugene and Springfield market area just 3 years ago.  Today that number of local agents has dropped to just over 700.  This is a decline of about 500 Real Estate agents in our local market area, which is a significant decline in a period of only 3 years.  Not only has the number of agents dropped, but the production level of the majority of agents has plummeted as well.  Today the top ten agents in this market area are doing sales numbers similar to that of 3 years ago and the balance of well over 600 agents below them are doing significantly less business.  When I look at the bottom 200 agents in sales production for this area, most have two or fewer sales for the year.  This would indicate that we are just about to see another large decline in Real Estate Agent numbers for the Eugene and Springfield market area.

The reason that I bring this up is to remind the public that there is a huge difference between agents in this market place.  When you are choosing an agent to represent your best interests in selling or purchasing a home, you need to do your research and make sure that the agent you choose is one of the top area agents.  I would suggest not less than being in the top 20% of all agents.  You need to ask for sales numbers and for statistics as to how they compare with other agents.  Just checking this out can make a huge difference in who you choose to represent you and reflect this in dollars and cents in your pocket.  

I am happy to say that the Galand Haas Team maintains a position in the top three of all real Estate sales in Lane County as it has for over 15 years.  There is a reason for this and it starts with customer satisfaction.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
1499 Larkspur Avenue
Price: $180,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 960
Charming, ranch-style home with modern feel and centrally located. Featuring rich hardwood floors, newer roof, countertops and vinyl windows. Other special features include a cozy living rm with wood-burning fireplace, a large bath, laundry area & c...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Low Credit Scores Make Home Financing Difficult

Tuesday, November 30, 2010
by Galand Haas

Good Monday Morning!

Summer has returned for another round and it looks like a gorgeous Indian Summer week ahead of us.  Just keep it coming!

It appears that most  Americans now have credit scores that are too low for them to qualify for the lowest rates on a mortgage loan, and nearly one in three are unlikely to get a loan on any terms, according to an analysis by Zillow.

Zillow analyzed 25,000 loan quotes and requests on the Zillow Mortgage Marketplace during the first half of September, and found borrowers were unlikely to receive even one loan quote if they had a credit score of below 620 -- even if they offered to make large downpayments of 15 to 25 percent.

An even more concerning fact is that most Americans are not able to take advantage of the low mortgage interest rates for a home refinance either.  The fact is that with home values declining as far as they have, far too many homeowners just do not have the equity position to be able to qualify for a refinance.  What a shame with rates continuing to hold at historical low rates.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!



Image Unavailable
1110 Jayne Street
Price: $225,000 Beds: 3 Baths: 2 Sq Ft: 1458
Beautifully well-kept 1-level home with excellent improvements on large, lot tucked away at the end of a private drive. Inside offers a great floor plan with large kitchen & pantry, well-lit dining area, welcoming living room with ceiling fans, newl...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Homes Sales for August 2010 remain sluggish

Tuesday, November 30, 2010
by Galand Haas

Good Monday Morning!

The statistics are in for home sales in the Eugene and Springfield area for the month of August 2010.  Although there was little change from July, the market trend remains sluggish and an overall trend of decline remains. When comparing market activity in the Greater Lane County area in August 2010 with August 2009, closed sales fell 6.8%. Pending sales declined 13.9%, and new listings were down 1.5%. A comparison of August 2010 with July 2010 shows that closed sales increased 12.7% (248 v. 220). Pending sales grew by 4.3% (292 v. 280), while new listings decreased 15% (576 v. 678). At the month’s rate of sales, the 2,643 active residential properties would last 10.7 months.

When comparing August 2010 to August 2009, the average sale price decreased 1.7%, while the median sale price went up by 3.8%. On a month-to-month basis, when comparing August 2010 to the month prior, July 2010, average sale price went down 0.5% ($224,300 v. $225,500) Median sale price grew 1.5% ($206,800 v. $203,800) compared to July 2010. Month-to-month, the changes in average and median sale prices were slight.

Have An Awesome Week!


THIS WEEKS HOT HOME LISTING!

Image Unavailable
85770 Loop Lane
Price: $250,000 Beds: 3 Baths: 1 Sq Ft: 1705
Very nicely updated home including brand new roof, vinyl windows, 100% Alder cabinets, Hardie plank siding, granite countertops, new appliances, new carpet, fresh paint, gorgeous fixtures on large lot w/ great landscaping in front. W/ a cute deck, f...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Winter Preparation

Monday, November 29, 2010
by Galand Haas

Good Monday Morning!

This years Civil War football game takes place this coming Saturday between the University of Oregon Ducks and the Oregon State Beavers in Corvallis.  Never has this game meant more.  A win by the Ducks most likely puts them into the National Championship game and a win by the Beavers makes them bowl eligible.  It should be fun!!!!

Each year I see a large number of home inspections and as a result I also see problems that occur over and over again.  Many of the problems I see can be easily remedied with a little bit of precaution.  One problem that is very frequent in our area is that of moisture under homes.  Our local climate leads to moisture problems under homes and in many cases standing water may exist for parts of the year.  Home inspectors do not want to see any water under under homes, but most builders will disagree with this as long as the home has adequate ventilation underneath. Far too many times I see homeowners who block their foundation vents during the winter months thinking they are saving on heating bills.  This practice is actually very harmful and one that you do not want to do.  Maintaining adequate air flow under your home is extremely important, especially during the wet months of Fall, Winter and Spring.  By blocking air flow you will trap water vapor under the home and make the perfect climate for mold to grow and for dry rot to take hold.  Sealing the crawl space from ventilation can also trap other harmful gases such as radon.  So, if you have been thinking about blocking those foundation vents, think again.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
2362 Sony Loop
Price: $219,000 Beds: 3 Baths: 2 Sq Ft: 1557
Immaculate home with fun floor plan in wonderful neighborhood. Featuring a light & bright kitchen with eat bar, open dining area, large vaulted living room with slider to deck & backyard. Each bedroom is nicely sized, fresh paint & great storage. Th...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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October 2010 Real Estate statistics for Eugene and Springfield

Monday, November 1, 2010
by Galand Haas

Good Monday Morning!

Is there some snow on the horizon for the Eugene and Springfield area?  The weatherman is saying yes. Bundle up this week!

The Real Estate statistics are now in for the Eugene and Springfield area during the month of October.  The news remains the same with the overall market continuing it's long term slump. Closed sales of homes fell 33.4% from October of 2009, with pending sales declining by 22.4% and new home listings falling 18.7% for that same period.  

October 2010 numbers were also off from those in September with a decline in closed sales of 11.4%, pending sales were actually up by 6.2% and new listings were down by 9.3% from the previous month.

There is currently 10.8 months of active home inventory on the market.  Remember, 6 months of inventory is the dividing point for a sellers and buyers market.  We clearly remain in a strong buyers market.

The average sales price of homes in the Eugene and Springfield area continues with it's long decline as the average sales price of a home declined by 6.6% from October of 2009 and dropped 6.9% from September of this year.  The average home price now sits at $202.900.

The bright spot is that mortgage interest rates remain extremely low, even though we saw a slight increase over the past week.  If you are going to purchase a home this may be your best opportunity with home prices at a new low and interest rates now threatening to jump.  My advice is don't wait any longer.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
2362 Sony Loop
Price: $219,000 Beds: 3 Baths: 2 Sq Ft: 1557
Immaculate home with fun floor plan in wonderful neighborhood. Featuring a light & bright kitchen with eat bar, open dining area, large vaulted living room with slider to deck & backyard. Each bedroom is nicely sized, fresh paint & great storage. Th...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Should I Sell My Home Now?

Monday, October 25, 2010
by Galand Haas

Good Monday Morning!

Congratulations to the University of Oregon Duck football team for yet another milestone and their new #1 ranking in the BCS Poll. The Ducks are now #1 nationally in all polls.  

One of the questions that I hear on a daily basis is, "should I sell my home now?"  This is a question that of course varies significantly from person to person, but here are some things to consider if you are contemplating the sale of your existing residence.

1. Your home has lost value over the past several years, this is a known fact.  Your home most likely lose even more value over the next one to two years and it may be as many as 5-7 years before you reach back to the value that your home has today.  If you don't need to sell and you can wait this out, then maybe selling today is not best for you.

2. If you are selling and buying again in the same area, you are trading apples for apples.  In fact if you are upgrading to a larger more expensive home, chances are that the new home you are buying has taken a larger price hit than the one you are selling.  

3. Mortgage interest rates remain at historic lows.  This means that if you sell and buy again in this market then you can take advantage of these low rates. They won't hang around forever.

4. Long term, home ownership remains a great investment.  In these times of economic chaos there are few places that you can place your investment dollars that will have the security and the long term return.  

5. If you are selling in one market and moving to another, there is a chance that the market you are moving to may have taken a larger price hit than the one you are leaving.  This is something worth checking into, because many major Real Estate market areas have taken huge hits on home prices and it just might be a situation that you can easily take advantage of.

The decision to sell a home in this market is a large one for most people, but there are some advantages for many people that they may never see again.  If you are considering the sale of your home and would like some professional advice, please contact me.  I would be more than happy to go over the plus's and minus's of your particular situation with you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
5950 Barger Drive
Price: $310,000 Beds: 3 Baths: 2 Sq Ft: 3222
Wonderful, spacious house with attached studio/office with potential separate living area. Huge living room with fireplace, fantastic dining area, large kitchen, a light & bright upstairs master, large bonus, utility room, covered porch, beautifully...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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U.S. Homes Sales Decline 27% in July!

Tuesday, August 31, 2010
by Galand Haas

Our weather has certainly made a sudden change.  Not to say that a little rain is not a welcome site, it is hard to have the sun leave us even if it is just for a few days.

With sharp drops in sales of existing and new homes being broadcast in the newspaper and leading the nightly newscasts, it's it’s hard to keep a positive perspective about the housing market.

A surprising 27 percent decline in resales from June to July, and a 12 percent drop in sales of newly-built houses during the same period have done very little to build consumer confidence in the market.

Even with this news there are some positive things starting to happen in the national housing market. Housing affordability is at or near an all time high.  This has been created by the lower home prices and mortgage interest rates for thirty year fixed mortgages in the mid 4% range.  Right now 72 .3 percent of median-income American families can now afford to buy the median-priced house. Historically that number has stayed in the low 60 percent range, and sometimes slipped below 50 percent.  But the problem remains that even with the affordability factor being so great, consumers are holding back.  The overall lack of confidence is the reason and the employment figures just fuel the lack of confidence.  Look for a sharp rebound in the market when employment numbers begin increase and buyer confidence returns. 

We were all warned that there would be a sharp drop off in home sales following the tax credit.  We are witnessing what was predicted.  The good news is that the lull could be short lived.

Have an Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3835 E Street
Price: $139,900 Beds: 3.00 Baths: 1 Sq Ft: 1200
Wonderfully updated home with Hardie-plank siding, granite countertops, new appliances, new carpet, fresh paint, and new fixtures. W/ a vaulted living room, light & bright kitchen and dining room set on a fun floor plan, a welcoming front porch, gre...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
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July Statistics show The Eugene and Springfield Housing Market Hits the Skids!

Tuesday, August 31, 2010
by Galand Haas

Good Monday Morning!

The statistics are here for the July 2010 Eugene and Springfield area Real Estate market and as expected our local market took a sharp down turn.  Closed sales were down by 33.7% from July of 2009 and were also down by 34.3% from June of this year.  Pending sales were down by 17.4% from last year and new listings were up 8.1% from last year.  There was 11.9 months of active inventory for July of this year, which is up considerably from July of 2009 when it was 6.2% and from June of this year when it was 7.2%. The average home price fell slightly and stands at $225,000.

These numbers are not surprising due to the fact that the buyer tax credit sucked home buyers out of the future and left a vacuum of buyers after it ended.  The fact is that with mortgage interest rates at historic lows and with lower homes prices and higher inventory those who bought during the tax credit most likely would have been better served to have waited and purchased now.  Of course, if interest rates hold steady and home prices continue to fall, there will be even better purchase opportunities in the months ahead.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3835 E Street
Price: $139,900 Beds: 3.00 Baths: 1 Sq Ft: 1200
Wonderfully updated home with Hardie-plank siding, granite countertops, new appliances, new carpet, fresh paint, and new fixtures. W/ a vaulted living room, light & bright kitchen and dining room set on a fun floor plan, a welcoming front porch, gre...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
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80% of U.S. Home Buyers Searched For New Home Online

Tuesday, August 31, 2010
by Galand Haas

Hot weather has returned to the Eugene and Springfield area.  Hold on it could get near 100 degrees today.  Stay cool and enjoy!

It is true, over 80% of home buyers in the country began their home home search online last year.  This is a significant number and yet the majority of the Real Estate agents continue to market homes with traditional methods that do not tap into this huge pool of prospective home buyers.  Today's technology allows agents easy access to the internet, yet few have learned the secrets that will truly give them access to the home buying public.  As I look around the Eugene and Springfield market area I see very few agents marketing homes in any other way than the same methods that were employed a decade or more ago.  The fact is that the purchasing habits of the consumer have changed and yet the industry that feeds potential home buyers their information lags painfully behind.  This trend is certainly not going to change in the future.  In fact new technology with video, etc. is going to attract even more potential home buyers to the internet for their home search.

My suggestion here is that if you are going to be selling a home, do your research.  Find an agent who understands internet marketing and has taken the time to build the systems that will truly put your home in front of millions of potential buyers on the internet.  Don't be fooled by the fact that some agents will try to convince you that traditional home marketing methods still work.  The true fact is that the agent who can serve you best most likely is no longer using traditional marketing methods. The numbers tell the story.  With 80%+ of all home buyers finding homes on the internet, if you want to sell in this market you need an expert who knows precisely how to tap into this growing buyer pool.

THIS WEEKS HOT HOME LISTING

Image Unavailable
1142 56th Street
Price: $155,000 Beds: 3.00 Baths: 1 Sq Ft: 1116
Very cute home with lots of updates including newer vinyl windows, newer oven with built-in microwave and newer counters. Inside also features a large living room, a space-efficient kitchen and well-separated family room with fireplace. All bedrooms...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
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Number of Americans With Negative Equity Drops!

Tuesday, August 31, 2010
by Galand Haas

A smaller percentage of U.S. homeowners were saddled with "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate Web site Zillow.com said on Monday.

Fewer homeowners with so-called underwater mortgages, where the amount owed on the mortgage exceeds the home's value, is nevertheless a positive for the housing market as it could portend fewer defaults and foreclosures down the road.

The percentage of American single-family homes with mortgages in negative equity fell to 21.5 percent in the second quarter from 23.3 percent in the first quarter and 23 percent a year ago, according to the Zillow Real Estate Market Reports.

These underwater mortgages are one of the biggest banes of homeowners since negative quity makes many of them unqualified for home loan refinancing and prevents some from selling.

It is too soon to say for sure, but this could be the first indication that the national home foreclosure rate is going to start slowing down.  Another quarter of improvement will give us a better indication if this is an actual trend.

Have An Awesome Week!

 

Image Unavailable
3511 RIVER POINTE DR
Price: $499,000 Beds: 4.00 Baths: 3 Sq Ft: 3726
Large, goregous home with lots of room & lots of options set in a quiet neighborhood. Featuring a spacious living room, wonderful formal dining rm with French doors that open to patio, large kitchen with island, pantry, breakfast bar & nook. Open fa...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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