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Good Monday Morning!

Have you had enough rain? April showers bring May flowers you know!

The statistics are in for February 2010 homes sales in the Eugene and Springfield market area. The sales statistics show a continuing changing market here.  Closed sales were up by 22.6% over February of 2009.  Most sales were in the price range of below $250,000, but there were slight gains in the upper end market.  Pending sales also rose by a whopping 40.9% over February of last year.  It appears that most of the increase in sales continues to be in the first time buyer area and most likely influenced by the $8,000 tax credit that ends on April 30 of this year.  New listings were also up by a whopping 45% over February of last year.  This has provided more homes for the increased numbers of home buyers.  Inventories do remain low in many areas in the sub $200,000 range.  The inventory of homes active on the market was at 10.9 months not only has this dropped from February of last year when it was at 13.1%, it also declined from January of this year when it was at 14.1%.  Remember that inventory at 6 months is an even market and half way between a buyers and sellers market.  At 10.9 months, we are clearly remaining in a buyers market.  

Even with increased sales activity, the average sales price continued to decline and now sits at $212,000.  This is down 7.9% from February of last year.  The combination of having lower home prices and mortgage interest rates at historical low levels gives home buyers what might be the best home buying opportunity they will see in their life time.

Have An Awesome Week!

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3690 River Pointe Drive
Price: $465,000 Beds: 4 Baths: 2.5 Sq Ft: 2976
A beautiful home w/ fantastic floor plan featuring wood floors, wall-to-wall carpet, skylights, canned lights, granite counters, stainless steel appliances, surround sound system, security system, vaulted ceilings, large bonus room. The master suite...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Buyer Tax Credits End

by Galand Haas

Good Monday Morning!

It looks like Spring has been put on hold for a bit.  The good news is that we now have most of our lakes and reservoirs filled to normal levels and our mountain snow pack is looking much better.

The current buyer tax incentives for both first time homebuyers and move up homebuyers will end on April 31st of this year, unless extended again by the Feds.  The first time home buyer tax credit is for $8,000 and the move up buyer credit is for $6,500.  Currently, if you are in contract by April 31st and close by June 31st and you meet the criteria for either credit then this will apply to this years Federal tax.  There is much speculation at this time that the tax credits will not be extended again and as a result we are certainly watching a surge of buyer activity as the deadline quickly is approaching.  The tax credits have certainly benefited many and they have also added some heat to a very ill national housing market.  But, the real benefit to buyers during our current down housing market is not the tax credits.  With mortgage interest rates continuing to be at historic low levels and home price remaining extremely low and most likely dropping to even lower levels, the true savings to the consumer lies here.  It is important at this point for would be homebuyers to not get caught up with the fact that tax credits are going away, but to focus on the fact that we will most likely not see home purchase opportunities be this favorable again in our life times.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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6906 A Street
Price: $159,000 Beds: 3 Baths: 1.5 Sq Ft: 1244
Charming newer home located on the banks of city-maintained wetlands with a seasonal pond, wildlife & walking paths. The main level features a living & dining room with lam floor & woodstove, a space-efficient kitchen with lots of lots of storage, a...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Good Monday Morning!

Wow!  This weekend was a true taste of Summer!  We will take all that we can get.  

Congratulations to the University of Oregon Men's and Women's track teams for winning the Pac 10 championships over the weekend.

The statistics are in for the April 2010 Real Estate market in the Eugene and Springfield area.  April of 2010 saw closed sales increase by a whopping 67.6% over April of 2009.  Pending sales were also up and were 48.9% higher than the previous April.  New listings hitting the market were up as well and rose by 29.9%.  April closed sales were also up over March closed sales by 12.7%.  The inventory of homes on the market for sale stood at 7.3 months and this was down considerably from 10.5 months in April of 2009.  The Median home price continues to drop and was down by 4.2% from April of last year and now stands at $199,000.  The average time it now takes a home to sell is 109 days, which was down from 143 days in April of 2009.

The question now is, how much of this market upswing was created by the tax credits?  Now that the tax credits are gone, we will get an indication.  Low interest rates and continuing lower home prices are also adding to increased sales activity.

THIS WEEKS HOT HOME LISTING

 
 
 
 
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3114 Riverbend Avenue
Price: $389,000 Beds: 4 Baths: 2 Sq Ft: 2160
Beautiful, custom-built home w/ fantastic floor plan in quiet neighborhood. Featuring a vaulted living room w/ fireplace, open light & bright kitchen & dining area, huge, main-level master w/ bath w/ jet tub & WI closet & patio access, plus a large ...



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

Foreclosed Homes List as of 3/12/10

by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned home listed for sale in the Eugene/Springfield and surrounding areas.  If you should want further information on any one of these homes or wish to view any of these homes, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list.

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

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Foreclosed Homes List as of 3/12/10

by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned home listed for sale in the Eugene/Springfield and surrounding areas.  If you should want further information on any one of these homes or wish to view any of these homes, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list.

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

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Obtaining Mortgage Financing In This Difficult Market

by Galand Haas

Good Monday Morning!

One of the largest obstacles in purchasing a home today is obtaining financing.  Whether you are purchasing a home for your personal residence or for investment, the mortgage loan process can be difficult.  We are in a whole different world now than we were several years back when anyone who could fog a mirror could also obtain mortgage financing.  Today, there are no stated income or no doc loan programs.  Only buyers with good credit and sufficient debt to income ratios can even think about obtaining mortgage financing.  Even the good buyers today will be under the strict scrutiny of the mortgage loan underwriter.  

As a result of todays tough mortgage world it is more important now than ever to make sure that you are dealing with a mortgage professional who really knows the current market.  Anything less could end in disaster.  If you are thinking about either a purchase mortgage loan or a refinance the list of top mortgage professionals who really understand today's mortgage climate is limited in our area.  One suggestion is to contact me and I can furnish you with a list of the best mortgage professionals in the Eugene and Springfield market area.  This just may save you a great deal of time and money.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING

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39640 DEERHORN RD
Price: $340,000 Beds: 3 Baths: 2 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Spring Market Home Selling Tips

by Galand Haas

 

Good Monday Morning!

Daylight savings time is back.  Now with the longer days it truly feels like Spring again.

With todays competitive home market, home sellers are having to pay much closer attention to detail than ever before.  To start out with, in the current market a home must be priced correctly not just to sell but to even get lookers.  Pricing a home has never been harder than it is in this current market.  As prices continue to slide downwards the homes that have sold in which we typically compare values with may be worth more than a home going on the market today.  For this reason comparable sales are not the reliable resource that they once were.  Market savvy Real Estate agents are also not the norm and home sellers must seek out an agent who has a good perspective on the current market.  Over pricing a home in this market will insure that your home stays on the market for a long time and you will lose money as the market slips as you wait for buyers that will never arrive.  Pricing for a quick sale is very wise in this market.

Your home not only needs to be priced correctly, but it also needs to show better than the competition.  The best priced, most attractive homes are the ones being sold.  Home staging is essential in this market and the services of a professional home stager can save you time on the market and put money in your pocket.  Also, making sure that your lawn and landscaping is in top condition can make a huge impact as well.  Most prospective buyers drive by first and that first impression from a drive by goes along ways towards prospective buyers wanting to look inside.  

In this market, we council all of our home sellers carefully in regards to price, condition, staging and outside appearance.  The result is that the homes we represent sell for more money and in much less time than homes listed by any other area agents.  In this market this means more money in your pocket.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1224 Parker Street
Price: $135,000 Beds: 2 Baths: 1 Sq Ft: 690
Cute home featuring wood floors, wood stove set on brick, great kitchen, ceiling fans and huge, fenced backyard. Although it could use some TLC, it has lots to offer including garage storage, cute front yard and convenience to schools....



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Good Monday Morning!

It was certainly a great weekend in Eugene for sports enthusiasts.  The Spring Oregon Duck football game, several Duck baseball games, the relays and and the Eugene marathon.  Wow! Sports town USA!

The statistics are in for Real Estate sales during the month of March and they clearly show an improving market.  The average months of active home inventory was at 7.8 months and this was down from 9.7 months in March of 2009.  Remember, 6 months of inventory is an even market, below that level is a sellers market and above a buyers market.

Closed sales were up again and were at an increase of 39.6% from March of 2009.  Pending sales also were up significantly at 51% from March of last year.  New listings were also up significantly at 45.7% over last march.  The average sales price was up slightly over February, but down considerably from March of 2009 with a decrease of 6.9%.

It looks like we are experiencing a small bubble in sales activity.  Most activity remains in the lower price ranges and pricing pressure remains high with large numbers of foreclosed homes and short sales still hitting the market.  Don't expect this trend to end any time soon.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1054 Brookside
Price: $258,000 Beds: 3 Baths: 2 Sq Ft: 1682
A classic home with lots of special features incl. a sunken living room, open dining area, a fantastic kitchen with eat bar & built-in pantry. Each guest bed has excellent closet storage and easy access to the large guest bath. The spacious master h...



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

Eugene and Springfield Foreclosed Home list 3/12/1010

by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned properties for sale in the Eugene/Springfield and surrounding areas.  If you should want further information on any one of these homes or wish to view any of them, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list.

 

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer

Potential Problems In The Commercial Real Estate Market!

by Galand Haas

Good Monday Morning!

If you have not been to an Oregon Duck baseball game at the brand new PK Park you need to do so. What a fantastic facility this is and how much fun is it to watch a college baseball game? This is a great addition to the Eugene and Springfield area!

Most of the Real Estate news over the past several years has focused on the residential Real Estate market and it's continual slide both nationally and locally.  The situation with the residential market has certainly had an effect on the lives of most.  Now coming on the scene is a situation with commercial Real Estate that is going to also have a significant impact on most of us.  Loans for commercial Real Estate are typically much shorter in term than those made for residential Real Estate. Most commercial loans have a duration of seven years.  What we are seeing in both the local and national commercial Real Estate market is that lease rates are declining sharply. The value for commercial property is determined primarily by what the lease value is.  As a result of the lower lease rates, the value of most commercial property has dropped significantly. Over the next 3 years hundreds of thousands of commercial notes are going to be coming due all over the country. As these notes come due the commercial property owners are going to have to find new financing. Due to the lower lease rates, many of these commercial properties values will be less than what is currently owed on them.  The problem will come from the fact that the banks will not be able to loan on the buildings for the amount the owners need and historic numbers of commercial Real Estate owners will now go into default.  This has the potential for a huge economic disaster as thousands of commercial property investors lose their money.  The investor groups are broad as many of the nations largest insurance company's etc. are invested heavily in commercial Real Estate.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

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3547 River Pointe Drive

Price: $445,000 Beds: 4 Baths: 2.5 Sq Ft: 3026
Beautiful home on large lot with lots of extras. Featuring a covered front porch, a living room with hardwood floors & fireplace, a lg. kitchen with center island, pantry & BI-desk, a dining area w/ bay window, an office/den, utility rm. & oversized...

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Photo of Haas Real Estate Team  Real Estate
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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