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Home Sales Activity Is Picking Up

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was!  Has Summer arrived early this year?

The debate rages on as to where we are at with our local Real Estate Market.  The statistics show that sales activity has certainly picked up and time on the market for homes being sold has shortened.  You would think that this indicates that the market has bottomed out and that we are heading back up the hill.  But, wait a minute!  Mortgage rates have bounced up slightly and indications are that they may tick up even more. Just a slight upswing in rates can negate money saved by home prices being down. 

In all honetly nobody knows if we have hit bottom or if we have just watched a small surge while the overall trend continues to decline.  My honest opinion is that with an unemployment rate of 13.6% in Lane County we have some more lean times ahead of us.  This does not mean there are not opportunities out there though.,  We are finding tremendous home values for buyers we are working with every day.  For home sellers a lower inventory right now and shorter time on the market indicate a good time to place your home on the market.  It might be best if you are a home buyer or home seller not to wait and see what this market is going to do.  The opportunity right now might be the best for both buyers and sellers that we will see for a while.

Have An Awesome Week!

THIS WEEKS HOT MOME LISTING

Image Unavailable

3330 BENTLEY AVE, Eugene, Oregon

Price: $325,900.00

Beds: 3

Baths: 2

Sq Ft: 2040

Description: Don't miss the beautiful view from this beautiful home that features high ceilings, a spacious living room with fireplace, a formal dining room, a great kitchen with stainless steel appliances, p ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Trends Change In Eugene and Springfield Real Estate Market

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

The Real Estate market statistics for Lane County are in for the month of May and they certainly indicate some continuation of existing trends.  Closed sales were down 9.9% over May of 2008, pending sales fell 4.2% and new home listings were off by a whopping 26.3% from May of last year.  The interesting facts are that closed sales grew by 33.5% in May over April of this year, pending home sales grew by 1.6% and listings declines by 1.1% over the same period of time.  There is currently an 8.1 month inventory of active properties for sale which is down by almost a point from April, but this number means that we remain heavy into the buyers market.

If you break this data down it shows you that home prices are down and continuing to decline, while there are far fewer homes to choose from. There was a large flurry of closed sales in May which is representative of the large number of homes that went pening in April  The trend for home sales locally is weakening with only a slight increase in the number of pending sales in May.  This could indicate that the recent rise in mortgage interest rates has put the brakes on our local housing market.  With fewer homes on the market, sellers chances for a sale look improved but fewer buyers in the market could negate that benefit quickly.

My current feeling is that with an unemployment rate of 13.5%, the Lane County housing market is going to be a bumpy road for some time to come.  Low mortgage interest rates could stimulate the market but further increases could have a seriously negative impact.  If you are considering the sale of your home, I would not hesitate any longer with getting it on the market. When you get it on the market price it right!

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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5947 OBSIDIAN AVE, SPRINGFIELD, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1439

Description: Charming home featuring a great floor plan with wood-lam floors, new carpet, fresh & tasteful paint & lots of windows for a light & bright kitchen, dining room and living room. Upstairs th ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

Is the Housing Market rebounding in Eugene and Springfield?

Friday, September 25, 2009
by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was!  Has Summer arrived early this year?

The debate rages on as to where we are at with our local Real Estate Market.  The statistics show that sales activity has certainly picked up and time on the market for homes being sold has shortened.  You would think that this indicates that the market has bottomed out and that we are heading back up the hill.  But, wait a minute!  Mortgage rates have bounced up slightly and indications are that they may tick up even more. Just a slight upswing in rates can negate money saved by home prices being down. 

In all honetly nobody knows if we have hit bottom or if we have just watched a small surge while the overall trend continues to decline.  My honest opinion is that with an unemployment rate of 13.6% in Lane County we have some more lean times ahead of us.  This does not mean there are not opportunities out there though.,  We are finding tremendous home values for buyers we are working with every day.  For home sellers a lower inventory right now and shorter time on the market indicate a good time to place your home on the market.  It might be best if you are a home buyer or home seller not to wait and see what this market is going to do.  The opportunity right now might be the best for both buyers and sellers that we will see for a while.

Have An Awesome Week!

THIS WEEKS HOT MOME LISTING

Image Unavailable

3330 BENTLEY AVE, Eugene, Oregon

Price: $325,900.00

Beds: 3

Baths: 2

Sq Ft: 2040

Description: Don't miss the beautiful view from this beautiful home that features high ceilings, a spacious living room with fireplace, a formal dining room, a great kitchen with stainless steel appliances, p ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

April 2009 Sales Home sale stats for Lane County

Friday, September 25, 2009
by Galand Haas

Good Monday Morning!

Wow!  What a gorgeous weekend. It just does not get any better than that.

 The April statistics are in for the the Real Estate market in the Eugene and Springfield area.  There are some mixed signals out there right now and I guess this should be expected.  The number of pending sales for April jumped 8.2% from April of last year.  This is a very good sign that we are seeing more active home buyer activity.  At the same time, closed sales dropped 21.9% from April of last year.  Of course this is reflective of pending sales from 30-60 days prior.  This scenario indicates that there is a sharp increase in overall sales from last year and it could indicate a trend of much better activity and possibly the fact that this market has bottomed out and is now getting better.  The next 60 days will be the big test here.  Other statistics show that new listings fell by 18.2%, which could indicate a lower inventory of homes for buyers to choose from.  Pending sales jumped by 21.6% in April over March of 2009. We now have 10.5 months of active inventory of homes, which is significantly less than the peak at 20.6 months in January of this year.  The median sales price fell again as it dropped to $215,000 from $231,700 in April of 2008. 

Look for this local market to remain steady and improved as long as the mortgage interest rates remain at or below the current level. In fact if the inventory of homes continues to decrease and the number of sales continues to increase look for prices to begin to start back up again. If you are thinking of purchasing a home, don't wait!!!!!!!

THIS WEEKS HOT HOME LISTING!

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3350 Videra Dr, Eugene, Oregon

Price: $244,000.00

Beds: 3

Baths: 2.5

Sq Ft: 2096

Description: This unique and contemporary home is located in the Southwest hills of Eugene and offers 3 bedrooms, 2.5 bathrooms and approximately 2,096 square feet. A large covered front porch invites you into the ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

March 2009-Lane County Real Estate

Friday, September 25, 2009
by Galand Haas

Lane County Real Estate

RMLS March 2009 Reporting Period MARCH HIGHLIGHTS Sales activity in the Greater Lane County area continued to grow compared to the month prior, but fell short of matching totals from March 2008. Comparing March 2009 with March 2008, closed sales dropped 19.9% and pending sales fell 11.6%. New listings also decreased 22.1%.

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Galand Haas Team, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408
Direct: (541) 349-2620

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Visit http://www.eugeneoregonhomesforsale.com

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More affordable homes in this market!

Friday, September 25, 2009
by Galand Haas

 

Good Monday Morning!

One of the things that I see happening in this current Real Estate market is the fact that many people who previously could not afford to purchase a home are now finding themselves able to buy a home.  This has been set up by the fact that home prices have declined significantly over the past two years and mortgage interest rates remain at a historic low level.  This combination of events has made home ownership a reality for many who just simply could not quailfy for home purchase just a short time back.  With a local Real Estate market that very well may be hitting bottom, the chance for many buyers to take advantage of this situation could be short lived.  Once home prices begin to climb out of the hole, homes will certainly become less affordable for buyers who are on the edge with their financing.  The other wild card of course is the mortgage rate uncertainty.  An increase in home prices along with any kind of escalation in mortgage rates could spell disaster for many of these buyers.

My suggestion at this time is very simple.  If you would like to purchase a home, don't delay.  Visit a reputable lender and find out what you might qualify for in this market.  You might be pleasantly surprised.  If you need the contact information for a good lender, please contact me.  I have several very good local lenders that I would suggest.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

5075 G ST, Springfield, Oregon

Price: $130,000.00

Beds: 3

Baths: 1

Sq Ft: 968

Description: Very charming home with well-landscaped front & back yard. Completely remodeled inside with fresh paint, new carpet and flooring throughout. Fantastic garage with work area. Well-fenced & spac ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

New Momentum in The Local Market

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

The weekend weather was interesting.  I don't know if I have ever seen it rain as hard as it did during the thunder shower on Saturday.

The Real Estate Market in the Eugene and Springfield area continues to pick up momentum.  The question is, have we hit bottom and are we heading out of this or is this just a short upswing before the bottom really falls out?  I wish I had the anwers to that question.  My suggestion right now would be that if you are wanting to buy, jump in now.  You can't go wrong.  If you are selling or need to sell, sell now and price your home to move fast.  If this is a short upswing then you don't want to miss your chance to sell now during an upswing.  How long of a window might we have?  this is another question that is tough to answer.  I would guess that we might see a better market for atleast the next 60 days.  The problem longer term could be interest rates increases or the increase in inventory of foreclosed homes.  Either of these could have a negative impact.  My suggestion is to don't watch national trends, but focus mostly on what you see taking place in our community.  This will certainly give you the best perspective on our market. 

If you are interested in wanting information on foreclosed homes currently for sale in our local area,we have put up a new web site that will give you the ability to get a weekly list of all local foreclosed homes on the market for sale.  You can sign up for this e-mail service at www.eugenebankowned.com. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1929 L ST, Springfield, Oregon

Price: $145,000.00

Beds: 2

Baths: 1

Sq Ft: 858

Description: This is a very cute home with lots of potential inside & out. It features awesome hardwood floors, a spacious living room & well-sized bedrooms, each w/ ceiling fans. The dining room & kit ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

What is My Home Worth In Today's Market?

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

What a great time of year to be living in the Eugene and Springfield area.  It is gorgeous here when Spring arrives.

Because of the changes in our local Real Estate market over the past couple of years one of the questions that I am asked often is, "what is my home worth now"?  For most of us the reality is that our home velue has decreased.  How much it has changed may depend a great deal on the price range of your home, your location, your homes age and condtion and other factors.  My team and I have worked hard and have put together a state of the art system for helping you keep tabs on what your home value is doing. We have developed a new e-mail system that not only will give you complete information on your homes current market value, but it will also give you information on what is happening with home values in your specific neighborhood. Our system is very complete and even provides you with photos of your home and neighborhood.  Our system is completley automated and it will also provide you with complete monthly updates by e-mail.  There is no cost and no obligation for this service.  If your rsidence in in the Eugene and Springfield area you can take advantage of this sytem by going to www.eugeneoregonhomesforsale.com/market. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

Image Unavailable

33620 Indian Drive, Coburg, Oregon

Price: $260,000.00

Beds: 4

Baths: 2

Sq Ft: 1668

Description: 1/4 acre lot located in Coburg. This 4BR home has 1668 sq.ft. of great country living just minutes away from Eugene. Master and additional bedroom are on main level with two bedrooms upstairs. This ho ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

March 2009 Real Estate Stats for Eugene and Springfield

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

Wow!  What a gorgeous Oregon Spring weekend we had.  The good news is that there is more on it's way.

The Real Estate statistics are in for March and even though the home sales numbers remain down from last year they are improving significantly from the 4th quarter of 2008 and 1st quarter of 2009.  Here are the March numbers:

March had 9.7 months of active home invntory. This is coming down quickly.  January saw 20.6 months and February was at 13.1 months.  March of 2008 was at 8.4 months.

Closed sales were off from last year but improving from the 3 months previous.  Overall closed sales were down 19.9% from March of 2008.  Pending sales also were off from last March but greatly improved from the 3 previous months.  They were off by 11.6% from March of 2008.  New listings also tumbled and were down 22.1% from March of last year.  The average sales price for March of 2008 was $265,700 and for March of this year it was $230,700.  The other part of the story is that Lane County saw a 34.9% increase in closed homes sales over the previous month of February.

If you are thinking of buying a home my suggestion is that you act fast.  As I have been saying for months, "you will never know the market hit bottom until you see it starting to climb back up again."  The numbers speak for themselves.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

1010 Berntzen Rd, Eugene, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1587

Description: Cute home in immaculate condition inside & out and sits at the end of a quiet culdesac bordering the park. It features arched doorways, wall-to-wall carpet, wood spiral staircase, lots of windows, ....

View this property >>
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Spring 2009 Lane County Real Estate Highlights

Saturday, May 9, 2009
by Galand Haas

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April Newsletter from Galand Haas

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Featured Listing

For Sale: $215,000

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Lane County Real Estate

RMLS March 2009 Reporting Period MARCH HIGHLIGHTS Sales activity in the Greater Lane County area continued to grow compared to the month prior, but fell short of matching totals from March 2008. Comparing March 2009 with March 2008, closed sales dropped 19.9% and pending sales fell 11.6%. New listings also decreased 22.1%.

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"Dream as if you'll live forever, live as if you'll die today." - James Dean Here's To You This Month!

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Galand Haas Team, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408
Direct: (541) 349-2620

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Visit http://www.eugeneoregonhomesforsale.com

Change your email preferences here.
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2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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