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How is the Real Estate market doing?

Monday, September 24, 2012
by Galand Haas

Good Monday Morning!

It was an exciting weekend for college football with both Oregon and Oregon State posting wins over ranked teams and Oregon now climbing to the number 2 spot in the national polls and Oregon State to number 18!

Yes, the national Real Estate market in improving, but is it improving as much and as quickly as it should be. There is significant debate on this subject, but the fact is that overall the housing market is not responding at any kind of rapid pace.  Much of the blame here comes from the fact that mortgage loans are still relatively tough to obtain.  Only buyers with great credit scores get the best rates and many would be buyers are forced to come up with 20% downpayments with few other options.  Current restrictions on lending by the Federal Government have put a strangle hold on sensible lending and this has significantly curtailed home sales with the largest impact being noticed in the arena of new construction.

Strong recoveries from economic slow downs are always lead by housing.  Wouldn't you think that our current administration would be doing all that they can to encourage home sales and new construction rather than imposing regulations that do just the opposite?

Have An Awesome Week!

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56411 McKenzie Hwy, Unit 1
Price: $237,500 Beds: 2 Baths: 1 ∏ Baths: 1 Sq Ft: 891
Wonderful condo on the river! Enjoy the great view of the mountains and trees as you relax in this cozy townhouse-style condo! Cedar cabin with fireplace, loft and large screened-in porch. All furnishings included! Make this yours today!!!...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The numbers are in!

Monday, September 17, 2012
by Galand Haas

Good Monday Morning!

The numbers are in for August 2012 home sales in the Eugene and Springfield area and they support a continued upswing for our local Real Estate market. 

Home sales for August of 2012 were up by 30% over August of 2011 and up by 13.1% overy July of this year. August home sales at 365 was the best single month for home sales in five years.

There are currently 368 pending home sales and this is up by 9.5% over August of 2011.  This indicates the potential for another strong month of home sales for September.

New home listings were down from July of this year by 13.7% and also down from August of last year by 5.7%.  The combination of stronger home sales and fewer homes coming on the market have lead to a reduction in the months of active home inventory, which now stands at 5.1 months.  This has clearly crossed into the category of a sellers market.  Remember, more than 6 months of inventory is a buyers market and less than 6 months is a sellers market.

The average time it took a home to sell in August of 2012 was 106 days.  This is compared to 135 days for the same time period in 2011.  

The average sales price in the Eugene and Springfield area now stands at $208,600.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTINGS!

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1170 Echo Hollow Rd
Price: $165,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 2112
Tons of ageless and modern charm! Featuring hardwood floors, high ceilings, large windows and nice updates on a well-sized lot. Living room with fireplace, built-ins, family room with double doors, dining room with storage and slider. Large updated ...
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2434 Royalann Ln
Price: $295,000 Beds: 4 Baths: 2 ∏ Baths: 1 Sq Ft: 2339
Beautiful home in Cherry Hill Estates. Features gorgeous wood floors and great separation of space. Living room with fireplace, large kitchen with granite counters, eating bar & pantry. Large master suite with walk-in closet plus bonus room! Family ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Things to remember when selling your home.

Monday, September 10, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

It was certainly a gorgeous weekend here in the Eugene and Springfield area with warm weather and that hint of Fall in the air.

Seling a home in todays competitieve Real Estate market is best described by a top agent friend of mine on the East Coast.  She says that if you are trying to sell a home in today's market it is both a price war and a beauty contest.  There is no doubt that pricing is the number one factor for homes selling or not selling in this market or any market. The price a seller wants for a home or needs to obtain may not be what the market is willing to pay.  Paying close attention to pricing is crucial.

The other factor that will typically make a huge difference with both how quickly a home sells, and at what price, is condition.  Homes that are in good repair, clean condition and are updated will sell faster and for more money than those homes that are in a lesser condition.  This relates to both interior, exterior and landscaping.  Buyers today have the luxury of comparison shopping and if your home is in good condition, clean and updated you may be able to not only gain more attention from prospective home buyers but those buyers may be willing to pay more for your home.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-September-2012
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85109 Chezem Rd
Price: $875,000 Beds: 5 Baths: 6 Partial Baths: 1 Sq Ft: 6782
Spectacular equestrian estate with scenic views! Features high ceilings, formal dining with built-ins, huge family room, wet bar, game room, wood floors, tile baths, stone fireplace, bonus area, gourmet kitchen with fireplace, island and eating bar....



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, August 27, 2012
by Galand Haas

Good Monday Morning!

Homes sales nationally were up last month by well over 2%.  The price of homes also saw an increase of over 2% nationally.  This trend follows what we are experiencing here in the Eugene and Springfield market area as well.  The hope is that this trend will continue long term both nationally and locally.  All of this comes with a word of caution.  The housing market recovery is extremely fragile right now and anything to do with the national or local economy that is negative could have a quick and sudden impact. This would include a potential rise in mortgage interest rates.  Many economists warn that the recovery is hanging on by a thread and that at this point it could go either way in the months ahead.  Housing is the leading indicator of an economy that is starting to recover, so the direction housing goes may very well be the direction our nationla and local economies go as well.  For now though, enjoy the fact that mortgage interest rates are remaining at historic low levels and that the price of homes are also very attractive.  If you are sitting on the fence trying to make the decision as to whether to jump in as a home buyer or not, this may be your best opportunity to get a great deal on your home purchase.

If you are entering into the home market as a buyer you should check out the web site www.forhomeinfo.com.  At this web site you can enter in your home search criteria and it will instantly bring up any homes that match your search.  The great thing is that you can also set it to send you new listings that meet your search instantly by e-mail as those homes hit the market.  It is the slickest home search tool out there.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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5469 Jeffrey Way
Price: $195,000 Beds: 4 Baths: 3 Sq Ft: 1972
Great home in nice neighborhood. Features high ceilings, archways, recessed lighting, great separation of space, and lots of storage. Fireplace in family room, dining area with slider to backyard, and kitchen with island. Master suite with double si...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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July 2012 - Numbers are in!

Monday, August 20, 2012
by Galand Haas

Good Monday Morning!

The statistics are in for what took place with the housing market during July of 2012 here in the Eugene and Springfield area. The numbers show that July was another improved month for home sales and that we are now in a several month trend for improved home sales numbers.  The one part of the market that has not shown improvement is home values.

New listings were up in July by 5.3% over July of 2011 and 4.7% over June of this year. Pending sales also saw an increase and were up by a whopping 20.9% over July of last year and up 4% from June of this year. Closed sales were much stronger as they saw a 24.1% increase over July of 2011 and an 18.5% increase over June of 2012. Inventory improved as well with 5.9 months of active inventory.  This is compared to 8.6 months in July of 2011 and 6.7 months in June of 2012. There were 1,839 active listings in July of 2012. The average time it took a home to sell in July of this year was 100 days. This compares to 135 days in June and 130 days year to date. The average sales price was steady at $206,200.  In July of 2011 the average sales price was $226,200.

This is good news for a market that has been sliding.  Hopefully this trend continues into the Fall months.  The Fall of 2011 and 2010 saw a very slow market.  The next 3 to 4 months will give a good indiction as to whether we are beginning the climb out of our depressed housing market in the Eugene and Springfield area.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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7925 South C St.
Price: $250,000 Beds: 3 Baths: 2 ∏ Baths: 1 Sq Ft: 1920
Serene country living close-in! Set high upon the hill, this cozy home has wonderful views of the mountains, trees and valley! The living room features a two-sided fireplace and vaulted ceiling with exposed wooden beams, plus large windows for lots ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Why consider a Short Sale?

Monday, August 13, 2012
by Galand Haas

Good Monday Morning!

It looks as if the hot weather has finally come to the Eugene and Springfield area and it is going to be here for a bit!  We are lucky to live in an area where we can stay cool with all of our gorgeous rivers and lakes.

Short sale homes continue to be a large part of the Eugene and Springfield housing inventory.  The number of home owners facing foreclosure or who are just having trouble making their house payment still seems to be growing.  Short sales with the bank offer a good alternative to foreclosure for many home owners.

For buyers, short sale purchases can sometimes offer an opportunity to purchase a home for what might be under market value.  If you are considering a home purchase and want to include short sale home listings into the homes that you look at then you must be aware that the purchase proces for a short sale may not be easy.  First of all the process may be lengthy.  It is not unusual for a short sale to take 3 to 4 months.  Patience is the key here and many buyers back out of the sale because of frustration well before the short sale has even been approved.  If you don't have the time to wait and you aren't going to be patient about waiting, then don't look at short sale properties.  With short sales you also have to remember that you are negotiating with the home owners bank.  There is no guarantee that your offer will be accepted by the bank, even after the long wait.  It is a gamble for sure.  

One of the key elements to purchasing a short sale is to make sure that you are being represented by a Real Estate agent who knows the ins and outs of short sales.  If your agent is not a short sale veteran it may be a frustrating experience for you.  One of the largest problems is that many times the listing agent is also not well versed in dealing with short sales.  Having agents on both sides who are not short sale experts may be an impossible situation.  Make sure that if you are looking at short sales with an agent that you ask them if they have experience and then check with references of other short sale buyers who they have assisted.  

If you would like to explore the purchase of short sale homes, please contact us.  We are experts at helping both short sale sellers and buyers.  We have helped hundreds of local sellers and buyers go through the short sale process.  

THIS WEEKS HOT HOME LISTING!

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40405 Mohawk River Rd
Price: $239,000 Beds: 4 Baths: 2 Sq Ft: 1504
Secluded light & bright home! The 5 acres of property features a creek, large RV/carport, outbuilding and great view of the trees. Home has nice updates. Large living room with nice wood floors, dining area with large window, well-sized kitchen, and...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Mortgage interest rates continue to fall

Monday, August 6, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

With Mortgage interest rates continuing to fall into unchartered territory the climate for purchasing a home could not be better.  Low interest rates in combination with the decline in home values here in the Eugene and Springfield area have created an excellent buyers market.  

If you are considering the purchase of a home the first step is to become pre-approved by a mortgage lender.  By doing this you will not only determine how much home you can afford, but you will also determine your costs for purchase and know what your payments will be.  

It is also extremely important to meet with a professional lender who knows the Real Estate market and can help you determine the loan program that works best for you.  There are a number of very good mertgage lenders in our market area.  Please contact me if you would like to recieve a list of local professional mortgage lenders with very competitive rate.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-August-2012



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Statistics for June 2012

Monday, July 23, 2012
by Galand Haas

Good Monday Morning!

The statistics are in for June 2012 home sale activity in the Eugene and Springfield market areas.  June was an interesting month with some mixed signals.  New listings were steady at 494 compared to 496 for June of 2011.  Pending sales saw the sharpest change with a 27.2% increase over June of 2011 and a .09% increase over May of this year.  Oddly, closed sales declined by 10.8% from June of last year and 10.2% from May of this year.  There is currently 6.7 months of active home inventory on the market for sale.  This is down from 7 months in June of 2011, but up from 5.8 months of inventory in May.  We have now crossed the line back into a solid buyers market again.  Remember, 6 months of inventory is the division point between a buyers and sellers market.  The average sales price in June was $206,000 and the average time it took a home to sell was 135 days.

With the up and down of our local Real Estate market here in the Eugene and Springfield area and with the same situation nationally, it is easy to say that we have really not hit any kind of a true recovering housing market yet.  June homes sales nationally were off by 5%.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1355 N Park Ave
Price: $220,000 Beds: 2 Baths: 2 Sq Ft: 1740
Lots of character! Enjoy the feeling of seclusion in this updated home. Features large sunken family room with fireplace and outside access. Well-sized master bedroom with double closet. Great den/office with closet. Skylights and wood stove in livi...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Mortgage Rates

Monday, July 16, 2012
by Galand Haas

Good Monday Morning!

Yes, mortgage interest rates are dropping again.  Just when we think that they can never go any lower, guess what?  They surprise us by hitting new lows.

Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates continuing to find new all-time record lows amid easing bond yields following June’s lackluster employment report. Both the average 30-year and 15-year fixed-rate mortgage hit new lows. The average 30-year fixed has been below 4 percent for 16 weeks. The average 15-year fixed has been below 3 percent for 7 weeks.

Results showed that the 30-year fixed-rate mortgage (FRM) averaged 3.56 percent with an average 0.7 point for the week ending July 12, 2012, down from last week when it averaged 3.62 percent. Last year at this time, the 30-year FRM averaged 4.51 percent.

Additionally, the 15-year FRM this week averaged 2.86 percent with an average 0.7 point, down from last week when it averaged 2.89 percent. A year ago at this time, the 15-year FRM averaged 3.65 percent.

Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates continuing to find new all-time record lows amid easing bond yields following June’s lackluster employment report. Both the average 30-year and 15-year fixed-rate mortgage hit new lows. The average 30-year fixed has been below 4 percent for 16 weeks. The average 15-year fixed has been below 3 percent for 7 weeks.

Results showed that the 30-year fixed-rate mortgage (FRM) averaged 3.56 percent with an average 0.7 point for the week ending July 12, 2012, down from last week when it averaged 3.62 percent. Last year at this time, the 30-year FRM averaged 4.51 percent.

If you are considering the purchase of your first home, a new home or even thinking about refinancing your existing home, it just may never get much better than this.

Have An Awesome Week!

THIS WEEK'S HOT HOME LISTING!

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49562 McKenzie Hwy
Price: $379,000 Beds: 3 Baths: 2 Sq Ft: 1280
Cabin on the river! Wonderful views of the river, trees or mountains from every room! Great room with fireplace and amazing view with a wall of windows overlooking the river! Kitchen with island and dining area. Well-sized master suite with ceiling-...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, July 9, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

Yes, Summer has finally arrived in the Eugene and Springfield area.  Look for hot weather through the week.

Typically, Real Estate really is very localized for most of us. Most people who are thinking about purchasing a home want information that is specific to the area and even neighborhoods of their interest.  There are several great internet sites specific to the Eugene and Springfield area for both anyone looking to purchase a home or anyone thinking of selling a home.  For buyers go to www.forhomeinfo.com.This site will allow you to do a live home search and also will give you the option to be updated daily as new home meeting your search criteria hit the market. If you would like to include looking at foreclosure homes in your search, go to www.eugenebankowned.com. This site will provide you with a weekly updated e-mail list of all foreclosure and bank owned homes listed for sale in the Eugene and Springfield area. If you are thinking about selling your home or if you are just curious about what your Eugene or Springfield home might be worth on today's market, visit www.forhomesellers-nonSmartZip.com. This site will give you an in depth overview of comparable homes that have sold recently similar to yours and break it down into a dollar value for you. You will want to bookmark these sites because they are great resource sites for our local Real Estate market.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-July-2012
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456 W 29th Ave
Price: $265,000 Beds: 3 Baths: 2 Sq Ft: 1769
Light and bright oasis! Custom built with great entry and living room with high ceilings and great views. Kitchen with dining area opens to family room with vaulted ceiling and fireplace. Large master suite with big closet and access to deck. Plus a...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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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