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Home Prices on the Rise

Monday, April 6, 2015
by Galand Haas

Good Monday Morning!



Both national and local home prices continue to increase.  Even though this has a slight negative effect for potential home buyers, home sellers are benefiting from the increase in home values.  Here in the Eugene and Springfield area, home values have increased significantly since the market down turn several years ago.  Although, in most cases home prices have not come back to where they peaked at around 2006, they have come back enough for anyone thinking about a home sale to consider making the move to do so soon.  There is much speculation that mortgage interest rates might begin to go up later this year.  With the increased mortgage interest rates, the demand for housing could decline, putting pressure on home prices.  We just might be at that point where your home value is at a peak and the oppotunity to sell at top dollar could just be right now.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!




 

6076 Fernhill Loop

Price: $497,000     Beds: 3     Baths: 3     Partial Baths: 1     Sq Ft: 4061

Great separation of space in this Craftsman style home located on .46 of an acre. Large kitchen with island, hardwood floors, granite, pantry, open to family room with fireplace & built-ins. Formal living room boasts high ceilings, fireplace, light ...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!

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July Statistics show The Eugene and Springfield Housing Market Hits the Skids!

Tuesday, August 31, 2010
by Galand Haas

Good Monday Morning!

The statistics are here for the July 2010 Eugene and Springfield area Real Estate market and as expected our local market took a sharp down turn.  Closed sales were down by 33.7% from July of 2009 and were also down by 34.3% from June of this year.  Pending sales were down by 17.4% from last year and new listings were up 8.1% from last year.  There was 11.9 months of active inventory for July of this year, which is up considerably from July of 2009 when it was 6.2% and from June of this year when it was 7.2%. The average home price fell slightly and stands at $225,000.

These numbers are not surprising due to the fact that the buyer tax credit sucked home buyers out of the future and left a vacuum of buyers after it ended.  The fact is that with mortgage interest rates at historic lows and with lower homes prices and higher inventory those who bought during the tax credit most likely would have been better served to have waited and purchased now.  Of course, if interest rates hold steady and home prices continue to fall, there will be even better purchase opportunities in the months ahead.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3835 E Street
Price: $139,900 Beds: 3.00 Baths: 1 Sq Ft: 1200
Wonderfully updated home with Hardie-plank siding, granite countertops, new appliances, new carpet, fresh paint, and new fixtures. W/ a vaulted living room, light & bright kitchen and dining room set on a fun floor plan, a welcoming front porch, gre...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
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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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Local Unemployment Concerns

Saturday, March 21, 2009
by Galand Haas

Good Monday Morning!

There is great concern over rising unemployment and the continued economic slowdown.  This concern is certainly justified and we are all impacted by this either directly or indirectly.  From this economic situation we are seeing some things that are good.  Prices on most consumer products are dropping, there have never been so many sales and even gas prices have come down substantailly.  Home prices have lead the way in reduced costs and we are now seeing the prices of homes roll back to where they were 4-5 years ago in many cases.  Lower home values means opportunity and for those who may be in a position to purchase a home whether it is for a primary residence or for investment, there really has never been a better time to do so.  Obtaining mortgage loans can be more challenging than in the past, but rates remain extremely attractive. 

Many ask me whether we have hit bottom in this market yet.  My standard answer is that I just don't know.  My guess is that we are close.  Reality is that we will never know when we hit bottom until the market swings the other direction.  For that reason it makes sense to take action soon if you are considering a home purchase.

THIS WEEKS HOT HOME LISTING!

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547 Collier, Springfield, Oregon

Price: $600,000.00

Beds: 3

Baths: 3.5

Sq Ft: 2944

Description: This very elegant 1-level home is situated on a quite lot with a beautiful view from several patios of the mountains and valleys. It features a beauifully living room with a vaulted ceiling, fireplace ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 5/12/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

It looks like Summer may arrive this week.  90 degrees by Friday!!!

There is certainly a great deal of inflation taking place in the economy right now.  Gas is hitting $4 per gallon, postage went up to $.42 for a stamp, groceries and everything else are going through the roof.  One area that this is not the case is with home prices here in the Eugene and Springfield area.  Home prices are dropping and there are some extremely attractive opportunities available right now.  Mortgage loan rates are also attractive and are holding at under 6% for 30 year fixed financing.  It would appear that home prices may continue to decline even further over the coming months.  The unknown is whether mortgage rates will remain at the current low levels.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 2/4/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

If you are looking for a change in the Real Estate market you will have to look outside of the Eugene and Springfield area.  There really has been little change over the past several months and I don't look for much change in the months ahead.  This is why our current market remains one of the most opportune times to purchase a house that there has been in decades.  Home prices remain extremely attractive and there are many seller incentives out there.  With the current low mortgage rates, this is a wonderful opportunity.

If you would like to receive e-mail updates as new homes meeting your search criteria hit the market, you can log onto www.forhomeinfo.com to receive informative daily e-mail updates on homes listed for sale.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 12/3/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

It was an exciting Civil War football game on Saturday!  Thank goodness the storm did not arrive until Sunday.

National statistics show that we are currently in the largest housing slump in decades.  Locally, we are still on the positive side for home prices and even though the market has slowed we are not experiencing the same market conditions that many parts of the country are seeing.  This shows that there can be a significant difference in markets from area to area.

My experience to date has been that the homes we put on the market for sale will sell as long as the home is priced correctly for this market.  Homes with inflated sales prices will sit without selling.  Time on the market certainly is longer here, but the fact is that homes are selling and there are some whopping great buys out there if you are interested in purchasing a home.  Don't be afraid to take advantage of good local market.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 9/10/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

It looks like a great week for more Summer weather. Many years September offers us our best weather of the year.

The home sales statistics for Eugene and Springfield are in for July.  The number of homes for sale keeps increasing, while sales continue to slow.  In July there  was 6 months of inventory.  This means that at the current rate of sales it would take 6 months for all of the listed homes to sell.  In comparison, July of 2006 saw 3.8 months of inventory for sale.  The interesting thing here is that 6 months of inventory is the official breaking line between a sellers market and a buyers market.  We are now officially in a buyers market.

Other statistics show that we had 2,215 active home listings, the average home sales price was $267,800, closed sales were down by 4.5% and the median home sales price increased by 10.3%.  A point of interest is that home prices continue to increase even with the slower market. 

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 7/23/07

Sunday, August 19, 2007
by Galand Haas

Galand Haas,

Good Monday Morning!

The Real Estate market statistics are in for May of this year and as expected change is taking place. New listing hit a 7.8% increase for the month of May taking our home inventory to 4.5 months of supply.  This means that if no new homes hit the market it would take 4.5 months to exhaust the current supply at todays rate of sales. In May of 2006 there was 2.8 months of inventory.

The number of closed sales decreased by 4% from May of the previous year.  Pending sales dropped by 3.8% over the same time period.  The interesting fact is that the average sales price climbed by 10.3%  from $238,400 12 months ago to that of $263,000.  The average time it takes a home to sell in Lane County has hit 74 days. 

The gradual increase in home prices here is healthy.  If the trend of slower sales and higher inventory of homes for sale continues look for the home price increases to hit a road block.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update

Sunday, August 19, 2007
by Galand Haas

Galand Haas,

Good Monday Morning?

The Real Estate market statistics are in for the month of June.  Home prices continue to increase with the median home sales price hitting $243,300.  This is up from June of last year when the median home sales price was at $235,000.  The inventory of homes on the market for sale continues to rise to that of 4.6 months.  This compares to 3.1 months of inventory for June of last year.  This number reflects the number of months it would take to exhaust the current inventory of homes for sale at the current sales rate.  When this number is below 6 months it is considered a sellers market.  When the number is greater than 6 months of inventory it is considered a buyers market. The average number of days it took a home to sell in June was 61 days.  This compares to 48 days in June of 2006. 

We have a sustaining home market right now, which is far better than what most of the country is experiencing.

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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