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Monday Morning Real estate Update 2/26/07

Monday, February 26, 2007
by Galand Haas

Good Monday Morning!

Winter-Spring-Winter-Spring!  The weather can't make it's mind up.  One thing that is for sure is that the month of March in Oregon will bring more of the same!

Is the Real Estate market in the Eugene and Springfield area strong or slow?  Well, just like March weather, it depends on the mood that week. We are seeing great activity one week and then the next week it's just very slow.  This is because our market is just downright inconsistent right now.  Buyers are fickle and just the slightest events or things can quickly change the mood of the market.  The interesting part of this may be watching which direction we head for the duration of the year.  One thing that I can say is that right now is a very good time to take advantage of softer home prices and good mortgage interest rates.  Inventories of homes for sale remain high, so there is a very good selection out there. 

If you wish to go on our automated e-mail home search log onto www.forhomeinfo.com. This system will automatically update you daily by e-mail with complete information on homes meeting your search criteria as they hit the market.  This system updates each day at 5:30 a.m., so you will typically know about new homes hitting the market even before the agents do.

Have An Awesome Week!

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Monday Morning Real Estate Update 2/19/07

Monday, February 19, 2007
by Galand Haas

Good Monday Morning!

Saturday certainly gave a a sneak preview of Spring.  There is lots more of this weather on it's way.

"Don't look for any huge upswings in the Real Estate market nationally"!  This was the statement that was made over an over at the national Real Estate convention I attended last week.  This news is not all bad, because the culprit for our slower market is the fact that home prices have increased much faster than the buyers ability to purchase them has. Our current situation will slow that process down.  Most likely we will not see a strong market again until home prices and home buyers ability to purchase are in sync once again. 

This does mean that for home buyers today, there are bettter deals on homes and the prices will most likely be soft for some time to come.  For those selling a home this market demands proper home pricing. If sellers do not have their home priced in line with the market and the competion, their chances of selling will be slim.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 2/12/07

Friday, February 16, 2007
by Galand Haas

Good Monday Morning!

The Real Estate market in the Eugene and Springfield area continues to be somewhat stronger.  Even with the slight increase in mortgage interest rates there seems to be more home buyer interest.  For home buyers this really is a great time.  Home prices are certainly softer and there is a fairly good inventory of homes to choose from. 

If you are thinking of purchasing a home, make sure that you explore your mortgage loan options.  We have watched many buyers go into loan situations that become very negative several years later.  Know your options and do some research before you just take out a mortgage loan.  If you have any questions on mortgages or would like to have a top mortgage loan professional recommended, please e-mail or call me.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 2/5/07

Monday, February 5, 2007
by Galand Haas

Good Monday Morning!

The Sunny weather just keeps coming!  You have to love that!

The home sales statistics are now in for December of 2006.  Not only was the number of new homes hitting the market down from December of 2005, but the number of homes sold went from 345 to 281,which is an 18.6% decrease.  This is a sharp decrease in homes sales.  The average time it took a home to sell increased from 45 days in December of 2005 to 68 days in December of 2006.  Again, the average sales price actually went up as sales slumped.  The average sales price for December of 2005 was $233,200 and for December of 2006 it had increased to $267,300. 

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/29/07

Monday, January 29, 2007
by Galand Haas

Good Monday Morning!

What a grorgeous and Sunny weekend it was!  It looks like more of the same for the week ahead.

The National Association of Realtors released their statistics for national home sales last week.  The second half of 2005 saw a significant decline in home sales nationally.  The fourth quarter of last  year saw the largest change.  The one thing that stands out is that the Eugene and Springfield area home market is holding up much better than  the overall national market.  From all indications, the market here is actually beginning to heat up again.  This is something that most other parts of the country will be envious about. 

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/22/07

Monday, January 22, 2007
by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was!  We all deserved it following the snow and ice of the prior weekend.

The statistics are in reflecting on last years Real Estate market in the Eugene and Springfield area.  The Median home price in 2006 rose 15% to $225,000.00.  This was in comparison to a 25% increase for the previous year.  The average time it took a home to sell was 53 days in 2006 in comparison to 45 days in the prior year.  The average time for a home to sell had increased even further to 68 days by December of 2006.  The inventory of homes on the market for sale also increased from 2.3 months in 2005 to an average of 3.3 months in 2006.  This means that if no new homes hit the market it would take this number of months to exhaust the existing supply of homes for sale. 

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/15/07

Monday, January 15, 2007
by Galand Haas

Good Monday Morning!

The white stuff just keeps hanging around!  It's been many years since we have had snow on the ground for this length of time in the Eugene and Springfield area.

The Real Estate market here remains level.  There really has been little change for the past few weeks with the total number of homes on the market and the average number of days it currently takes homes to sell.  Compared to many other parts of the country the Real Estate market here looks very good.  Don't look for any huge changes over the next few weeks.  For home sellers there is a good window of opportunity to sell from now through April.  Typically, we will see the number of homes for sale increase significantly as Spring nears.  This could make for a much more competitive market and softer sales prices this year.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/9/07

Monday, January 8, 2007
by Galand Haas
 
Good Monday Morning!
Rain, Rain and more Rain!  The Coburg Hills did look gorgeous though with their blanket of snow.
The November statistics are in and the inventory of homes on the market in the Eugene and Springfield area has risen to 4 months.  At the same time in November of 2005 the average time on the market was 2.6 months.  What this means is that at the present sales rate, it would take 4 months to exhaust the present inventory of homes for sale.  The average sales price jumped from $205,000 to $225,000 in the same time period.  This is an increase of 13.4%. The average time on the market was 59 days in comparison to 41 in November of 2005. 
Look for home sales activity to be more active in January and February of 2007.  If you are considering the sale of your home, don't miss this window of opportunity.  It could change significantly as Spring and Summer arrive.
Have An Awesome Week!


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/1/07

Tuesday, January 2, 2007
by Galand Haas
,

 

 

Good Monday Morning!

 

 

HAVE A HAPPY NEW YEARS DAY!!!!!!!!!!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

 

 
Keller Williams, Eugene and Springfield
Direct: (541) 349-2620
[email protected]
www.eugeneoregonhomesforsale.com

 



Office: (541) 431-6480

 

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Monday Morning Real Estate Update 12/18/06

Monday, December 18, 2006
by Galand Haas

It was sure nice to see the sun this past weekend.  It helped make up for the storm that hit us earlier in the week.

The numbers are in for October and it looks like the Real Estate market in the Eugene and Springfield area is not as poor as many would like to think.  There were 603 new listings that hit the market compared with 524 for October of 2005.  There  were 370 homes that hit pending sale status and this is compared to 427 for October of 2005.  There was 386 closed home sales and this is compared to 455 for October of 2005.  The average sales price was $259,400 compared with $243,400 for October of 2005.  In October of 2005 there was 2.8 months of inventory of homes on the market and for October of this year that inventory number was 3.8 months.  Remember, the market technically shifts from a sellers market to a buyers market at 6 months of inventory.

Year to date new listing have increased by 12.1% and closed sales have decreased by 8.5%.  The interesting fact is that with the slight market downturn, home prices continue to escalate.

Have An Awesome Week!

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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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