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February 2009 Housing Market Statistics

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

It was a wonderful Easter Weekend even though the weather was just a little cool and wet.

The numbers are in for what took place in February's Real Estate market here in the Eugene and Springfield area.  Closed home sales for February of 2009 dropped by 31.8% from the number of closed sales in February of 2008.  New listings decreased by 34.8% over the same period of time.

On a positive note, closed sales were up 53.7% in February of 2009 in comparison to January of 2009.  The inventory of homes active on the market was at 13.1 months compared to 20.6 months in January and then compared to 9 months of inventory in February of 2008.  The average time it for a home to be on the market was at 135 days in February.  The average sales price for February of 2009 was $230,400 compared to that of $237,900 in February of 2008.

All in all there are postive signs for our local Real Estate Market.  With mortgage interest rates remaining at historical low levels the market just may continue to improve a little bit at a time.  You could not ask for a better market to purchase a home in.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

5075 G ST, Springfield, Oregon

Price: $140,000.00

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 ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Local Real Estate Market Warming Up

Saturday, May 9, 2009
by Galand Haas

Galand,

Good Monday Morning!

It was a gorgeous and sunny weekend here in the Eugene and Springfield area.  Temperatures may hit the 70's today.  Wow!

The Real Estate market in the Eugene and Springfield area may not be warming up as quickly as the weather, but there certainly is a change taking place.  Homes in most prices ranges are not only being looked at more by buyers ,but they are selling as well.  This is a welcome change and it could signal a trend heading upwads with this market as we see buyer activity continue to improve.  As I have ben saying for months, "you won't know we hit bottom in the local housing market until the market swings back upwards". If you are thinking of buying a home or if you are a move up or move down buyer, don't wait until this market has changed.  If you are going to taske advantage of this market you need to do it NOW. With home prices at low levels and mortgage interest rates at historic low levels it is time to make a move.

I would also like to thank all of our family and friends for their prayers and support over the past 3 weeks as my youngest daughter Megan was in the hospital with a serious illness.  Your prayers for Megan were heard and we brought her home yesterday. Please continue your prayers for Megan's complete recovery. Praise God!

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

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3350 Videra Dr, Eugene, Oregon

Price: $265,000.00

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

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Light at end of tunnel with Local Housing Market

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

It was certainly a wet and cool Spring break here in the Eugene and Springfield area.  It seems to do that on Spring break every year.

There is some light beginning to flicker in the local Real Estate market.  The number of homes for sale is declining significantly and there are all of a sudden many more people out there looking seriously.  Our historically low mortgage interest rates and  the very affordable price of homes out there is finally getting people to take a hard look at purchasing a home right now. 

Have we hit bottom with this Real Estate market?  Only time will tell. As I have said many times over that you will never know that we have hit bottom until we begin climbing up the other side.  I would think that there is a good chance that we have hit bottom and if we see Home Buyer activity levels continue their increase we could quickly begin the climb out of this, which for you buyers means higher home prices.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1350 River Road, Eugene, Oregon

Price: $165,000.00

Beds: 2

Baths: 1

Sq Ft: 2028

Description: This is a very cute home featuring wonderful wood floors throughout, a spacious living room with lots of windows and a light & bright kitchen with lots of cabinets and plenty of counter space. Bot ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Fed Has Struck Again

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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92850 RIVER RD, Junction City, Oregon

Price: $495,000.00

Beds: 4

Baths: 2

Sq Ft: 2580

Description: This secluded country home on a private drive has a modern open floor plan that features skylights, wood floors, custom lighting, spa room, soap stone wood stove and solar hot water. The spacious kitc ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Fed Has Struck Again

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

92850 RIVER RD, Junction City, Oregon

Price: $495,000.00

Beds: 4

Baths: 2

Sq Ft: 2580

Description: This secluded country home on a private drive has a modern open floor plan that features skylights, wood floors, custom lighting, spa room, soap stone wood stove and solar hot water. The spacious kitc ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Mortgage Interest Rates Fall

Saturday, March 21, 2009
by Galand Haas

Good Monday Morning!

With a few snow flakes falling on Sunday it appears that Winter is having it's last fling in the Eugene and Springfield area.  Don't fear, Spring is just a few days away!

Stimulas packages, $8,000 first time buyer tax incentives.  Nobody know what kind of impact all of this is going to have in the nations ailing housing industry.  Locally, the unemployment rate that is closing in on 12% could have the largest impact on home sales.  Over the next couple of months we should start getting an indication of how long and how deep our local recession will be.  With all of this there are homes selling in our market area and buyers continue to find incredible deals on homes at some very attractive prices.  Mortgage interest rates fell at the end of last week making the home purchase situation even more attractive.

If you are intersted in receivng complete details on local bank owned and foreclosure properties you can log onto our webs site at www.Eugenebankowned.com.  You can sign up here to receive a weekly updated e-mail list of local forclosure homes.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

25077 COTTAGE CT, Veneta, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1336

Description: This is a very charming, 1-level home with open floor plan, a well-fenced, a spacious backyard in a quiet neighborhood. The kitchen features lots of oak cabinets, a breakfast bar, a pantry and access ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Bright Spot In Local Housiong Market

Saturday, March 21, 2009
by Galand Haas

Good Monday Morning!

There are some bright things taking place if you are a Home Buyer or Seller in the Eugene and Springfield area.  There is now an $8,000 tax credit for first time Homebuyers that will go a long ways towards getting people into their first home.  This is good news as mortgage interest rates also continue to be very low and may dip even further in the weeks ahead..  Another situation that will benefit both Homebuyers and Sellers is that the FHA price range is going to revert back to $313,000 in Lane county..  This is will help sellers because the cap had been reduced to $278,000.  This will open up a price range for FHA financing that has been unavailable. 

Overall activity on home purchases in our area has picked up significantly over the past weeks.  Great prices on exiting home inventory with the attractive financing available is having a large impact on our local market.  Look for our market to heat up even further if mortgage rates take anohter drop.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

79300 TREE TOP DR, Cottage Grove, Oregon

Price: $595,000.00

Beds: 4

Baths: 3

Sq Ft: 3073

Description: Beautiful home, only 5 minutes from the freeway, with fantastic views of valley, mountains and woods. Gorgeous wood-floor entrance to carpeted living room and upper level. The living room feature ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Economic Stimulus Package

Saturday, March 21, 2009
by Galand Haas

Good Monday Morning!

It was another great weekend for weather here in the Eugene and Springfield area.  This kind of weather certainly gives us Spring fever.

With the Stimulus Package going to the Senate this week, there will be some parts of it that certainly will have an impact on the nations ailing housing industry.  Some important items seem to have been removed, but the ones that remain could have immediate impact. 

What we are seeing though is that there is a continuation of soft home prices and great mortgage interest rates in our market.  We do not know what kind of effect the Stimulus Package will have, but we do know that right now is a unbelievable opportunity to purchase a home.  We are finding outstanding purchases for our buyers every week and more good homes just keep hitting the market at lower prices. It certainly is time to take advantage of this market if you are thinking of buying a home.

THIS WEEKS HOT HOME LISTING 

Image Unavailable

25077 COTTAGE CT, Veneta, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1336

Description: This is a very charming, 1-level home with open floor plan, a well-fenced, a spacious backyard in a quiet neighborhood. The kitchen features lots of oak cabinets, a breakfast bar, a pantry and access ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

Fix Housing First Act

Saturday, March 21, 2009
by Galand Haas

Good Monday Morning!

The "Fix Housing First Act", which is part of the Senate's Economic Stimilus Bill is now in front of the Senate and waiting for approval before being sent to the House.  This is an Act that would have far reaching effects and would certainly go a long way towards ending the free fall of our nations housing industry.  Passage of this Bill by both the House and the Senate would be a giant step towards ending the country's current economic woes.  In my mind this part of the Bill is the first real attempt thet I have seen towards an actual solution for the housing market woes.  This bill includes a $15,000 tax credit for all homebuyers, the reduction of interest rates on 30 year fixed mortgages to 4.5-4% and other important conditions that would quickly stimulate the housing market and this country's economy.

I strongly urge anyone who is passionate about turning our country's housing industry around to call or e-mail your Senators and Representatives and urge quick passage of this Act.

Have An Awesome Week!

HOT HOME LISTING OF THE WEEK!

Image Unavailable

3350 Videra Drive, Eugene, Oregon

Price: $299,000.00

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 ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

The Interest Rate Roller Coaster

Saturday, March 21, 2009
by Galand Haas

 

Good Monday Morning!

We certainly had a grogeous and sunny Winter weekend here in the Eugene and Springfield area.  It looks like more of the same is on the horizon.

Mortgage interest rates increased slightly last week. This is a continuation of the interest rate roller coaster ride that we have been on for months.  My opinion is that rates will decline again in the near future.  Even though mortgage interest rates remain very attractive at just over 5% for thirty year fixed financing, the slight increase makes it harder for many to purchase a home.  This is a stark reminder that a 1% raise in mortgage interest rates negates a 10% decrease in home values.  There will be a time in the not so distant future when the mortgage rates take a turn upwards and don't head back down again.  It is for this reason that I continually repeat the fact that we have the opportunity of a lifetime right now with low financing rates and low home prices.  If you are on the fence about purchasing a home, I would suggest that you think about this scenario long and hard.

Have An Awesome Week!

Image Unavailable

1010 Berntzen, Eugene, Oregon

Price: $210,000.00

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 >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

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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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