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March 2010 Real Estate Market Statistics For Eugene and Springfield

Thursday, June 17, 2010
by Galand Haas

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

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April 19, 2010 Foreclosed Home List for Eugene and Springfield

Thursday, June 17, 2010
by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned homes listed for sale in the Eugene and Springfield area.  If you would like further information or if you would like 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 

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A Gentler Market for Eugene and Springfield

Thursday, June 17, 2010
by Galand Haas

Good Monday Morning!

It was another gorgeous Spring weekend in the Eugene and Springfield area. Everything is very green.  It's not hard to see how we got the name the Emerald Empire!

The Real Estate market in the Eugene and Springfield area continues to hold up better than the country in general.  It is good that we did not see the kind of inflation in prices here that many parts of the country experienced.  The result is that our down market has been much gentler than those areas which saw huge growth and inflation.  Nationally, there is currently $1.25 trillion in non performing mortgages. In fact 24% all all mortgages are underwater with negative balances and cities like Las Vegas have 75% of all outstanding mortgages underwater.  

In the Eugene and Springfield area we are not exempt from the current problems and the number of foreclosures and short sales are very high, but not even a drop in the bucket compared to cities like Las Vegas and Phoenix.  Look for our crash to be gentler and maybe our upswing to be slower, but we will be heading upwards from a far better position than many other national market areas.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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965 Hiwan Ct.
Price: $225,000 Beds: 3 Baths: 1.5 Sq Ft: 1296
Great 1-level home with fun floor plan & deck on huge, fenced lot with lots of extras including fruit tress, berry bushes, grape arbor, plenty of room for storage and much more. Inside offers a cute kitchen & wonderful dining area, laundry access, a...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Potential Problems In The Commercial Real Estate Market!

Monday, March 8, 2010
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!

 

Image Unavailable
 

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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When Is The Best Time To Purchase Investment Real Estate In The Eugene and Springfield Area?

Friday, March 5, 2010
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!
Image Unavailable
6906 A Street
Price: $169,000 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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Weekly Foreclosed Home List For 2/24/10

Friday, March 5, 2010
by Galand Haas

Here is your weekly Foreclosed home list.  If you find any homes that you are interested in, please get in touch and I can furnish you with details or arrange a showing.

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

Download Here

Sincerely,
Galand

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How Do I Save My Home From Foreclosure?

Friday, March 5, 2010
by Galand Haas

Good Monday Morning!

Our gorgeous Spring weather continues.  It sure beats what the East Coast is having.

Each week I receive a list of the NOD (notice of default) properties in the Eugene and Springfield area.  Unfortunately, the size of this list continues to increase week after week.  This indicates that more and more people are finding it hard to make their monthly home payment and are falling behind on payments to a point that their lender starts the foreclosure process with this notice.  The national and local economy has created an environment where there are just more and more people losing their homes. The latest numbers out indicate that as many as 1 in four home owners could go into default.  

A home foreclosure is very damaging.  It is hard on people both emotionally and financially.  For many people there is a very good alternative to giving their home up through foreclosure.  This alternative is called "Short Sale".  A "Short Sale" is a process where the home owner sells their home and then they are able to negotiate with their lender to take a deficiency pay off on their mortgage.  Not only can a "Short Sale" allow the home owner to remain in their home during the time of negotiation, but a "Short Sale" can also allow the home owner to have a much less devastating impact on their credit.  Today, most lenders would prefer that the homeowner goes through a "Short Sale" rather than losing their home to foreclosure.

The process begins by the homeowner first determining whether they qualify for a "Short Sale".  The Galand Haas Team helps many homeowners with this process.  Once we determine if the homeowner qualifies for a "Short Sale", we then put the home on the market for sale. Once we have a sale then we begin the process of negotiating with the lender on the "Short Sale".  There are only a few Real Estate agents in or area with the experience to help homeowners with the "Short Sale" process.  We are experts at "Short Sales", so if there is anyone you know who is facing foreclosure, have them contact us.  We just may be able to save them from a horrible situation.  They can contact us directly or visit our website at www.shortsaleeugene.com

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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3690 RIVER POINTE DR
Price: $485,000 Beds: 3 Baths: 2 Sq Ft: 2976
This beautiful home has a fantastic floor plan. It features 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 mas...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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You Need to know Your Homes Current Value!

Monday, February 15, 2010
by Galand Haas

Good Monday Morning!

Happy Presidents Day!!!!!

Over the past several months I have completed several hundred Market Value Analysis reports for residents in the Eugene and Springfield area.  The primary reason for these reports is to give someone who has an interest or need in selling a home an approximate idea of what their home value is on the market today.  The typical result of this is that not only do the home owners go into sticker shock, but so do I.  Home values in most areas have dropped so drastically that even after doing hundreds of these reports and looking at hundreds of other homes currently on the market, the low prices of many homes in this market is shocking.  Not only are many prices well below county assessed values, but many of the homes are worth far less than what the owner paid for them. As we watch even more homes in our area go onto the nod (notice of default) list, the pressure on home pricing continues.  The more homes that we see go into foreclosure and short sale, the more pressure there will be on home prices.  Unfortunately, the nod list is not getting any less lengthy at this time.  This certainly could indicate that home value will continue their decline for quite some time in this market area.

If you live int he Eugene and Springfield or surrounding Lane County area you can easily get a good look at what your homes value has done.  Just log onto www.forhomesellers-nonSmartZip.com.  Here you can enter in the details about your home and quickly receive a complete e-mail report on your homes current market value.  The report will then be repeated and sent to you each month by e-mail.  It is just a great way to keep on top of what is taking place with your homes value.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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290 25th Street
Price: $165,000 Beds: 3 Baths: 2 Sq Ft: 1280
Very nicely updated home including brand new roof, vinyl windows, 100% Alder cabinets, Hardie plank siding, granite countertops, new appliances, new carpet, fresh paint, gorgeous fixtures on large lot w/ great landscaping in front. With a cute deck,...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Home Value May Continue their slow Decline in the Eugene and Springfield Market

Sunday, January 24, 2010
by Galand Haas

Good Monday Morning!

The deep freeze in the Eugene and Springfield area has passed.  Now it is back to just plain old normal Winter weather for the Willamette Valley,

Don't look for any huge changes in our local Real Estate market for 2010.  Most likely home prices will continue their steady slow decline over the next year.  Home inventories should remain somewhat scarce in the $250,000 range and below and upper end priced homes will remain quite slow on the market.  Most demand for housing will be in the first time buyer segment.  Look for mortgage interest rates to remain low for most of the year.  Yes, it looks like more of the same.

Home foreclosures could spike in 2010.  Look for heavier numbers of foreclosed homes and short sales to hit the market as ARM loan rollovers pick up steam.  The rollovers of these loans could mean double or even triple the payments amounts for many homeowners with little chnce of getting out from under them.

One thing that I am hearing a great deal as of late from people thinking of selling their home is, "I think that I will just wait until Spring or Summer when the market is better to place my home on the market".  If you are needing to sell your home, don't fall into this costly trap.  Your home very well may be worth less in the Spring than it is right now and even less yet by Summer.  If our market continues to decline in value as predicted then waiting to sell your home could be a very big mistake.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING

 

 

Image Unavailable
39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 1 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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New Home Construction Down

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

It looks like we are finally back to some Summer weather.  What a gorgeous weekend we had!

One of the victims of our local housing slump has been new home construction.  For well over a year there has been almost a complete shut down with the construction of new homes in our area.  There are also brand new homes that were built up to two years ago remaining on the market for sale.  This is bad news for builders and great news for home buyers.  Recently, I have watched several of these new homes sell for far below the price that they originally hit the market at many months ago.  If you are in the market for a new home, you may never find a better opportunity to buy a new home than right now.  There are new homes available in most areas of the Eugene and Springfield area in a variety of price ranges.  If you are interested don't wait, buyers are starting to discover these homes and they are selling. 

If you would like a list of new homes that are currently on the market, please get in touch and I can e-mail you this list.

Have An Awesome week!

THIS WEEKS NEW HOME LISTING!

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88616 MCKENZIE ACRES DR, SPRINGFIELD, Oregon

Price: $1,500,000.00

Beds: 4

Baths: 4

Sq Ft: 5138

Description: A stunning estate, w/ amazing view of valley & mtns. & custom in every detail, features a lg. living room w/ stone fireplace & tall windows, a gourmet kitchen w/ built-in pantry & brea ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Displaying blog entries 51-60 of 95

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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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