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Market Conditions Report - July 25th, 2011

Monday, July 25, 2011
by Galand Haas

Good Monday Morning!

Yeah!  We actually had a Summer weekend here in the Eugene and Springfield area.  I hope that you were able to enjoy it!

The market statistics are in for the month of June for home sales in the Eugene and Springfield and surrounding areas.  Closed sales were down for June of 2011 from June of 2010 by 11.3% and pending sales for the same period were up by 0.7%.  New listings declined for the same period by 17.7%.  

Comparing June of 2011 to May of 2011, closed sales were up by 10.8%. For the same period pending sales decreased by 18.6%. New listing also fell by 5% from May to June of 2011.  Currently there is 7 months of listing inventory on the market and the average time it took a home to sell was 132 days.

Over the past 12 months the average sales price has decreased by 6.5%. This indicates that the market remains in decline.  My thought is that this trend will continue for no less than the rest of this year.

If you have not checked out the new Galand Haas Real Estate Teams Facebook Business page you need to do so.  This page was built with home buyers, sellers and homeowners in mind.  It is updated with new listings, market reports and general information on the Eugene and Springfield Real Estate market.  Check it out at http://facebook.com/galandhaasteam  While you are there make sure that you click on "LIKE IT".

Have An Awesome Week!

THIS WEEKS HOT NEW HOME LISTING!

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1004 54th Street
Price: $325,000 Beds: 3 Baths: 2 Sq Ft: 1700
A great home on a spacious .99 acre dividable lot! This charming home has many features including granite counters and cooking island in the kitchen, a fireplace in the living room, and a master bedroom with french doors and his-and-her closets. Rel...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Mortgage Interest Rates - July 18th, 2011

Monday, July 18, 2011
by Galand Haas

Good Monday Morning!

Mortgage interest rates continue to be at all time record lows.  For those of you who have not taken advantage of these low rates it might be time to consider a refinance of your home. I personally refinanced my home slightly over 2 years ago at the outstanding rate of 4 1/2% on a 15 year conventional loan.  Recently, I decided to refinance again at 3.5% with a conventional 15 year loan.  The difference of 1% will have a huge impact on the amount of interest I pay over the life of my loan.  If your current interest rate is 1 percent or more than the current rate then you should also consider taking advantage of the current low rates.  If you need a competitive mortgage professional to do an evaluation for you, please contact  me and I can furnish you with a list of competitive mortgage brokers.

Have An Awesome Week!

THIS WEEKS HOT NEW HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-US-July-2011

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1061 Oak Meadows Place
Price: $155,000 Beds: 3 Baths: 2 Sq Ft: 1404
Wonderfully maintained home inside and out! Manufactured home sits in quiet culdesac, offering open floor plan, vaulted ceiling, large kitchen, master suite includes bath with his-and-her sinks. Second bedroom has walk-in closet. Outside includes pa...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Announcing my new Facebook Business Page!

Monday, July 11, 2011
by Galand Haas

Good Monday Morning!

I am excited to announce that my new Facebook Business Page is up www.facebook.com/galandhaasteam.  This new Facebook page will have updates on our latest listings and great home buys as well as up to date information on what's happening in the local Eugene and Springfield Real Estate market areas and around the country.  When you get a chance, go check it out at www.facebook.com/galandhaasteam.  While you are there make sure to click the "LIKE IT" button.

Have An Awesome Week!

THIS WEEKS HOT NEW HOME LISTING!

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1178 Ginger Avenue

Price: $150,000

Beds: 3

Baths: 1

Sq Ft: 1008

Lovely home in great location! This comfortable home sits in a great neighborhood around the corner from a park. Feel at home in this 3 bed, 1 bath house offering a living room with pellet stove, large master bedroom, and dining area with slider. Th...

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Closes Sales Trend Up In Eugene and Springfield

Tuesday, July 5, 2011
by Galand Haas

Good Monday Morning!

Yeah!  The sun is out!!!!

The new numbers are in for the Eugene and Springfield area Real Estate Market.  There is good news and bad news.  The good news is that sales activity improved from the dismal numbers we saw in January and February of this year.  The bad news is that March of 2011 was off significantly from March of 2010.  Closed sales were down 17.5% from March of 2010, pending sales were off by 30.9% and new listings decreased by 33.8%.  

The number of closed sales finally took a jump over the two previous months.  January saw 160 closed sales in Lane County and February saw 167 closed sales.  There were 227 closed sales in March, which is very good news.

There are currently 1,943 residential properties on the market and this adds up to 8.6 months of active inventory.  The amount of active inventory has been shrinking over the past several months.  The average sales price of a home continues to slide and it was 9.9% less than in March of 2010. The average time on the market for a residential property is 152 days.

Have An Awesome Week!

THIS WEEKS HOT NEW HOME LISTING!

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1336 Tamarack St
Price: $180,000 Beds: 4 Baths: 2 Sq Ft: 1471
Wonderfully updated home with huge backyard. On quiet street close to park and schools. Features light and bright living room with brick fireplace, well-sized bedrooms, updated baths, master suite with walk-in closet. 4th bed could be an office. New...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Considering Listing Your Home?

Sunday, July 3, 2011
by Galand Haas
VideoVideo

If you are considering putting your home on the market then watch this short video.  It could help you get more money for your home and keep expenses down!

Have An Awesome Week!

 

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-US-May-2011
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2665 Cumberland Drive
Price: $500,000 Beds: 3 Baths: 2 Partial Baths: 1 Sq Ft: 2871
Custom luxury home in Hawthorne Estates offers many luxury features: central vacuum system, central sound system, built-in alarm system, garage has above ground storage, the office has built-in cabinets and french doors, dining room offers built-in ...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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March Is A Great Time To Put Your Home On The Market

Monday, June 20, 2011
by Galand Haas

Good Monday Morning!

Wow!  What a wind storm that hit the Eugene and Springfield area yesterday.  For a storm that was short in duration it caused a great deal of damage.

If you are considering the sale of a home this year, don't wait.  Right now home inventories are most likely at the lowest levels you will see this year.  Inventories of homes will build as we get closer to the Summer months and this year the number of foreclosure and short sale homes will lead the way. This makes for a much more competitive market and will also put more pressure on home prices.  March, April and May could be your best window of opportunity to sell your home this year.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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86040 Cherokee Drive
Price: $775,000 Beds: 6 Baths: 4 ∏ Baths: 1 Sq Ft: 4300
Gorgeous, secluded rolling hills setting in Cherokee Hills. Heart of wine country. Open beam ceilings, brick fireplace, 2 master suites. All brand new. Tudor Style home with 4 car garage. Just minutes from town....
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National Home Sales Tick Up!

Monday, June 13, 2011
by Galand Haas

Good Monday Morning!

Finally, some good news from the National Association of Realtors.  Nationally, home sales were up 3.7 percent for the month of April.  This is extremely good news because of the fact that homes sales had been on a long term skid downwards.  NAR is not predicting a 5% to 10% increase in homes sales nationally this year.  

The Real Estate market both nationally and locally can be affected by consumer confidence.  Anytime positive information comes about it has a significant impact in this market.  Many times good news brings about even more good news.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
86040 Cherokee Drive
Price: $775,000 Beds: 6 Baths: 4 ∏ Baths: 1 Sq Ft: 4300
Gorgeous, secluded rolling hills setting in Cherokee Hills. Heart of wine country. Open beam ceilings, brick fireplace, 2 master suites. All brand new. Tudor Style home with 4 car garage. Just minutes from town....



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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1st Quarter Slump In Homes Sales In the Eugene and Springfield Market Area

Monday, June 6, 2011
by Galand Haas
VideoVideo

Good Monday Morning!

Real Estate sales in the Eugene and Springfield area continue to slump.  January saw 160 closed Real estate transactions in Lane County and February saw 161 closed sales.  This is an extremely low number in comparison to a normal market.  Just think, there are over 700 Real Estate Agents in the Eugene and Springfield area.  This low number of home sales is putting much more pressure on home prices, so as a result look for home values to continue their decline.

This is not such great news for home sellers, but for home buyers it means that there are some great opportunities in this market.  There are also more Foreclosure properties hitting the market and these also offer some potential for a great deal on a home.  If you would like to receive a weekly list of Foreclosure and Bank Owned homes by e-mail just visit the web site www.eugenebankowned.com.  By registering at this site you will receive a weekly list of the most recent homes to hit the foreclosure list.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-March-2010



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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New Home Construction Hits Low

Tuesday, May 31, 2011
by Galand Haas

Good Monday Morning!

One of the largest changes we see in the Eugene and Springfield area and for the most part across the country is the lack of new home construction.  Just a few short years ago new home were springing up everywhere in this area throughout most of the country.  Now it is an unusual site to see a home under construction. The home building industry nationally remains in the doldrums with little change in site.  The high cost of new construction in comparison to existing home costs, the competition of the foreclosure and short sale homes and difficulty in finding financing have taken their toll on the building industry.  Also, overbuilding in some areas has had an enormous impact.

Many economists feel that there will not be a true rebound in our national economy until the home building industry is healthy again.  There are just so many other industries that spin off from home building.  Needless to say, there is also a home deficit beginning to take place in many areas from the lack of homes being produced for a number of years now.  

The first sign of a return to a healthy Real Estate market will be the appearance of new homes under construction again. As existing home inventories reduce over the next few years and pent up demand picks up steam, this familiar scene will once again be present.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
1336 Tamarack St
Price: $180,000 Beds: 4 Baths: 2 Sq Ft: 1471
Wonderfully updated home with huge backyard. On quiet street close to park and schools. Features light and bright living room with brick fireplace, well-sized bedrooms, updated baths, master suite with walk-in closet. 4th bed could be an office. New...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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What's In Store For the 2011 Housing Market?

Monday, May 23, 2011
by Galand Haas

Good Monday Morning!

Happy New Year!  It's hard to believe that 2011 is less than a week away.

What is in store for the national housing market for 2011?  Is it just more of the same or will we see a rebound?  Well, the experts at the National Association of Realtors think it's a combination of both.

According to the NAR experts look for a dismal December 2010 followed by 3 quarters of continued home value declines across the nation in all housing markets.  Some markets will certainly be hIt much harder than others.  The decline in sales and home values should be less severe than what most of us witnessed in 2010.  NAR also predicts that by the 4th quarter of 2011 the pent up demand for housing will begin turning the market around and that sales will begin to increase and stabilize pricing.  This prediction comes from the fact that the nations population has grown by almost 10 million since the beginning of the housing market slowdown and this has created a significant pent up demand for housing in many markets.  

Locally, our Eugene and Springfield area market will almost certainly follow the national trend. Whether our market sees any kind of rebound in 2011 may depend more on the local economy than on population growth.  Any way you look at it, 2011 will be full of surprises as the Federal government tries to turn the housing market around with a variety of tactics.  Let's just hope that whatever they do next year has better success than the past.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

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202 Foxtail
Price: $185,000 Beds: 2 Baths: 2 ∏ Baths: 1 Sq Ft: 1744
Very classy condo in wonderful natural setting with a great 2-level floor plan. Offering a spacious living rm, open dining area, well-designed kitchen & cozy family rm with access to a deck. The upstairs master features a lovely vanity, private bath...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Displaying blog entries 531-540 of 718

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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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