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Monday Morning Real Estate Update 4/9/07

Wednesday, April 11, 2007
by Galand Haas

Good Monday Morning!

After a cool and breezy Easter weekend it looks like more of the same for the balance of the week.  Oh well!  Spring will return!!

Home sale statistics are in for February and there was a slight improvement.  The home inventory level dropped from 5.6 months to 5.3 months.  This is good news for home sellers if this trend continues.  The same time period for 2006 saw an inventory of 3.4 months.  The dividing line between a buyers and sellers market is 6 months of inventory.  The market here is continuing to hover very closely to becoming a true buyers market.  The average time on the market for a single family residence is now 74 days and that is in contrast to 58 days for last year.  Interestingly enough, the average home price continues to increase and it was $253,800 which is up from $242,700 last February.  Pending sales, which are the homes currently under a sales contract declined 2.7%, while new listings on the market increased by 16.4%.

Don't look for any significant changes over the next few months other than the inventory of homes should steadily increase as we move towards Summer. It is a wonderful time to purchase a new home.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 3/26/07

Tuesday, March 27, 2007
by Galand Haas

Good Monday Morning!

Congratulations to the University of Oregon men's basketball team for making it all of the way to the Elite 8 in the NCAA tournament. It was a great season!

The Fed kept rates stable last week, so there has been little change in mortgage interest rates with the potential of a declining rate situation over the next few weeks.  With this news and the news that the Fed could even lower rates on the next go around, we should see a continued improvement in the Real Estate market in our area.  This is good news for home buyers and home sellers as well.

Have An Awesome Week!. 

 

 

 

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 3/19/07

Tuesday, March 20, 2007
by Galand Haas

Good Monday Morning!

Congratulations to the Oregon ducks men's basketball team for advancing to the Sweet 16.  Good luck Friday against UNLV!!!

The Real Estate market here in the Eugene and Springfield area remains in kind of a holding pattern.  There just has not been any significant change one way or the other in weeks.  The only thing to watch at this time is the slow down in the number of homes hitting the market for sale.  This could be a trend or maybe it is just a lull before the Spring rush.  I will keep you informed as we move ahead.

If you are considering selling your home, you can receive a FREE home market value analysis by e-mail simply by logging onto www.forhomesellers-nonSmartZip.com and entering in the details on your home.

Have An Awesome Week!

 

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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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