Displaying blog entries 61-70 of 119
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Here is your weekly list of Foreclosed properties in the Eugene and Springfield area. If you should see any homes that interest you and you would either like further information on or wish to view, please contact me.
Foreclosed Homes. Click on the following link to download this week's list. BRAD WHEELER  |
Good Monday Morning!
It looks like more scorching heat on it's way to the Eugene and Springfield area. It will be a good week to visit the Coast, the lake, river or nearby pool.
Selling a homne can be challenging during our current Real Estate market. The truth is that many homes are selling during this market and the ones that are selling have one thing in common. They are priced correctly for this market. Home sellers expectations for the price that their home is going to sell at can be quite different than the reality of what this current buyers market dictates. The key element right now is to actaully price the home at a level below what the comparable sales indicate. The is especially true if the comparable sales are several months old. Not only has the overall market declined in price over the last several months but it is declinging now. If the average time to sell a home right now is 120 days then we have to look at where we feel the market is going to be in 120 and price the home accordingly. This strategy will get the home sold and believe it or not help the seller will get top market price for their home.
One thing to remember is that if you are selling and buying another home in this area, you make be taking a perceived hit on your homes sales price but the home you purchase will be taking an equal or larger hit. It is an extremely good time to sell if you are a move up buyer! Please contact me if you would like to get an honest opinion on your homes current market value or log onto www.forhomesellers-nonSmartZip.com for a look at your homes market value sent to you by e-mail.
Have An Awesome Week! (Stay cool!)
THIS WEEKS HOT HOME LISTING!
Have An Awesome week!
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1064 QUINALT ST, SPRINGFIELD, Oregon
Description: This is a great one-level home with a very fun, open floor plan. It features a great living room, kitchen and dining room and don’t miss the huge utility/hobby room! Outside you’ll enjoy a .... |
Good Monday Morning!
The statistics are in for home sales in the Eugene and Springfield area for the month of June. The numbers are interesting and they indicate a very unusual home market here. There is currently 6.8 months of active inventory of homes for sale on the market. This is substantially down from 20.6 months of inventory in January of this year. Remember, 6 months of active inventory is the middle of the road between a buyers market and a sellers market. The average time that it currenty takes a home to sell is 124 days and this is up considerabley from the 81 days it took a home to sell last June. The number of closed sales was off by 7% in comparison to June of last year and new listings were off by 22% compared to June of last year. The average sales price also was down by 7.3 % from the same time period in 2008. Our average sales price is now $228,500, which is down from last year as well.
These numbers indicate a continuation of our slowing Real Estate Market. The only significant change in the market is that the inventory of homes for sale way down. This indicates that home owners are becoming very reluctant to enter this market. The majority of the homes for sale are those that are having to sale and not those electing to sell. The market remains very attractive for buyers with 30 year mortgage interest rates now sub 5%. There are just a few less homes for them to chose from. For sellers the market is tough, but there is certainy less competition and this has brought about quick sales for those who price with the market.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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3656 PLUMTREE DR, EUGENE, Oregon
Description: Very cute home in quiet neighborhood, with a great floor plan that shows off a spacious living room with fireplace, cute dining area & kitchen, lots of hall storage, 3 great bedrooms and 2 full ba .... |
Good Monday Morning!
Wow! Mother nature put on her own fireworks display Sunday with a rare lightning storm in the Eugene and Springfield area. It was quite a show.
Home values in our area continue to slide downwards. Even though the rate of decline has slowed, homes in the Eugene and Springfield are generally worth much less than they were at the peak of the market back in 20006. It is difficult to say if we will continue the decline in home values here or if we will plateau and then begin a slow increase again in a year or two. Much of the answer here rests with what happens with both mortgage interest rates and the local economy. At this point I will go out on a limb and speculate that we will continue to lose home value here for another 6 to 12 months. The amount of that decrease will depend on the factors mentioned previously. For that reason the selling of your home right now may be a decision that you really want to weigh out. If you would like help with that process, I would be more than happy to consult with you and help you analyze the situation. Just like selling stocks or other investments it is wise to seek professional help to determine your best options.
You can also receive a detailed look at your homes current value by visiting the web site www.forhomesellers-nonSmartZip.com. At this site you can enter in details about your home and then a complete value analysis will be e-mailed to you. You will also receive updated value reports on your home by e-mail each month. This is free and it is a great way to keep in touch with the local housing market and with the value of your home.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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3656 PLUMTREE DR, EUGENE, Oregon
Description: Very cute home in quiet neighborhood, with great floor plan that shows off a spacious living room with fireplace, cute dining area & kitchen, lots of hall storage, 3 great bedrooms and 2 full bath .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
Galand,
Good Monday Morning!
It was the perfect 4th of July. There were lots of events taking place in the Eugene and Springfield area along with perfect weather. It just does not get any better!
If you are considering a home purchase whether it is for your personal residence or for investment, you have another golden opportunity in front of you right now. Mortgage interest rates have taken a large dip again. Following several weeks of much higher rates, the trend is now looking good again. The question is the same as before. How long willthe low rates stay around? It is obvious that that rates will need to come up in the future, but right now with extremely low home prices coupled with the new low mortgage interest rates the climate for purchasing a home has never been better.
Get in touch if you wish to receive further information on looking at homes or if you want help in connecting with the lowest mortgage rates in our market.
You can also visit the web site www.forhomeinfo.com if you would like to search for homes for sale in our area and receive daily e-mail updates on homes that match your search criteria as they hit the market. You can also sign up at the web site www.eugenebankowned.com if you would like to receive a weekly e-mail list of area bank foreclosed homes.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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83005 FLORENCE AVE, CRESWELL, Oregon
Description: Fantastic 2-story home with a wrap-around porch set in the country on a spacious lot with a garden, pasture & lucious lawn. Great floor plan includes a cozy living room & dining area, a k .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
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
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 .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
Good Monday Morning!
The rain showers stayed away long enough for all of the graduation activities this weekend. Congratulations to all of the graduates of 2009.
The Real Estate Market in the Eugene and Springfield area continues to breath new life. Even as mortgage interestst rates jump up and down, sales seem to be better and buyer interest in homes is certainly improved over 1st quarter. Look for mortgage interest rates to be up and down for the next few weeks. Savvy home buyers are watching the rates and locking their loans as the rates hit low points. The combination of being able to continue to realize low mortgage rates along with extremely affordable home prices should keep activity strong for the near future.
One word of caution is that mortgage loans have attractive rates right now, but getting your loan closed could present some challenges. Right now it is more important than ever to choose a professional loan officer with a great track record. Having a professional who know how to deal with this current market can save you both time and money. If you would like a list of exceptional local lenders, please contact me and I can provide you with a list.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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4174 TORRINGTON AVE, EUGENE, Oregon
Description: Great home in quiet cul-de-sac with modern, open floor plan featuring a spacious living room with vaulted ceiling & fireplace, open kitchen with low wall & skylight, good-sized utility/laundry .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
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
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 .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
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
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 .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
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!
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33620 Indian Drive, Coburg, Oregon
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 .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
Displaying blog entries 61-70 of 119
