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Market Activity for June 2015

Monday, July 20, 2015
by Galand Haas

Good Monday Morning!

The Real Estate market in the Eugene and Springfield area continues to soar.  June was a record breaking month for home sales.  At the same time the inventory of homes continues to decline, making the Eugene and Springfield area a strong sellers market.  Most of this hot sales action continues to be in the lower and mid range areas.  Sales of upper end priced homes continue to be sluggish.  This is something that is more unique to Lane county as many parts of the country are seeing a hot market even in the upper price ranges.

June was another great month for closed sales in Lane County. The 536 closings outpaced last month (411) by 30.4% and last June (389) by 37.8%. It was the strongest June for closings in Lane County on the RMLSTM record—the previous June record of 508 was tallied in 2004.

Pending sales (557) outpaced last June’s 428 by 30.1% and edged out last month’s 552 accepted offers by 0.9%. New listings (680) similarly outpaced last June’s 641 by 6.1% and May 2015 (672) by 1.2%.

Inventory in Lane County decreased to 2.6 months in June. Total market time decreased to 73 days in the same period.

Year to Date Summary

Activity is up during the first six months of this year compared to the same period last year. Pending
 sales (2,695) are up 29.9%, closed sales (2,164) are up 28.0%, and new listings (3,594) are up 12.0% this year compared to the first six months of 2014.

Average and Median Sale Prices

Comparing 2015 to 2014 through June of each year, the average sale price rose 3.0% from $234,300 to $241,300. In the same comparison, the median sale price rose 4.3% from $210,000 to $219,000.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!



2511 Garfield St
 

Price: $435,000     Beds: 3     Baths: 2    Half Baths: 1     Sq Ft: 3908

Spacious custom home w/ tree views! Beautiful 3 levels offer amazing treetop views from lg private master ste which occupies entire upper level. Grand KIT w/ very lg cook island, eat-bar, cherry cabs, corian counters & Wilsonart lam flrs that lead t...
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Market Activity for July 2015

Tuesday, July 7, 2015
by Galand Haas

Good Morning!

If you think that it is too late in the season to put your home on the market, think again!  The Eugene and Springfield market area continues to have a very low inventory of homes for sale in many price ranges and areas.  This means less competition and a chance for you to sell quickly at top dollar value.  The other thing that is important to think about is the fact that your home value has most likely increased significantly over the past year.  This along with a robust housing market in our area makes this a great time to think about selling.  This market won't last forever.  We will see and end to this long run of low mortgage interest rates  and when that takes place, housing affordability will suffer and most likely demand will decline.

If you have been considering selling your home and just want to check things out, please contact me.  With a short 20 minute visit to your home, I can give you some ideas on what your home is worth and also give you some information on what it would take to sell your home.  

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-July-2015

 

THIS WEEKS HOT HOME LISTING!


28135 Spencer Creek Rd

Price: $1,250,000    Beds: 4    Baths: 4    ½ Baths: 2    Sq Ft: 6143

Just minutes from town! This gated country estate is spectacular with an exquisite manor featuring grand staircase, 4 bedroom suites, office, theater room, gourmet kitchen and more. Great shop for RV and storage, creek, waterfall pool, ponds for fishing...
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Market Activity for May 2015

Wednesday, June 24, 2015
by Galand Haas

Good Morning!

May home sales in the Eugene and Springfield area were strong.  This indicates a continuation of a strong Real Estate market in our area.  The one thing to note is that the majority of the activity is in the lower price ranges of $400,000 and below, with the market under $300,000 certainly remaining the strongest.  Unlike other parts of the country, the Eugene and Springfield area contnues to be a tough market in upper price ranges.

May Residential Highlights

Closings were strong this May in Lane County! Closed sales, at 411, represented a 28.8% increase over the 319 closings posted in May 2014 and a 7.6% increase over the 382 closings posted last month, in April 2015. The last May when there were more closed sales was in 2007, when there were 429 closings posted for the month. At 41 closed sales for the month, Florence posted more closed sales than any other May since 2007, when RMLSTM started keeping a separate record.

Pending sales (552) cooled 0.9% from April’s 557, but showed a 19.7% increase over the 461 offers accepted in May 2014. Similarly, the 672 new listings were 2.2% below the 687 new listings offered in April but 2.8% better than the 654 new listings offered in May 2014.

Inventory in Lane County decreased slightly to 3.3 months in May. Total market time decreased to 82 days in the same period.

Average and Median Sale Prices

Comparing 2015 to 2014 through May of each year, the average sale price rose 2.8% from $230,100 to $236,500. In the same comparison, the median sale price rose 2.9% from $207,500 to $213,500.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!



4181 N Clarey St

Price: $210,000    Beds: 3    Baths: 1    Sq Ft: 1350

Beautiful home inside and out! On almost 1/4 acre featuring privacy hedges, flower & vegetable garden, large fenced backyard, huge covered patio, RVP + hookup, 2-car garage, carport, shop with wood rick, & tool shed. Living room with fireplace opens...
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This Month in Real Estate June 2015

Monday, June 8, 2015
by Galand Haas

Good Afternoon!

The Real Estate market in the Eugene and Springfield area continues to be strong.  With increasing numbers of homes sales, this market is well above where it was in May-June of 2014.  The largest problem with our local market is the lack of inventory in the price ranges below $250,000.  This is the price range where the strong demand exists. In our local market the upper price ranges, those home $350,000 and higher still can see a much more sluggish market with far fewer buyers.  Nationally, home sales have dipped, but just like in the Eugene and Springfield area, prices continue to escalate. With mortgage interest rates remaining in the sub 4% ranges, look for this exact trend to remain for the rest of the Summer months.

If you are considering selling your home, this is the time. Higher prices, lower inventory and high demand can make for a great opportunity.  For buyers, the home choices can be tough, but new homes are hitting the market daily and you just have to be on top of your search efforts.  A great way to do this is to go to the web site www.forhomeinfo.com.  You can do a live home search here and you can also set yourself up with the home alert system that notifies you every time a home meeting your search criteria hits the market.  This can give you the competitive edge you need in this market.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!


185 Crest Drive

Price: $315,000     Beds: 3     Baths: 2     Sq Ft: 2500

Lovely updated gem in SW Hills! Hillside location surrounds you w/ serene tree views. Sunlight floods in through numerous windows. 2-story vaulted LR w/ pellet stove insert & loft overlook mahogany flr+trim & slider. Enjoy beautifully landscaped fen...
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Market Activity for April 2015

Tuesday, May 19, 2015
by Galand Haas

Good Morning!

The Real Estate market in the Eugene and Springfield area just continues to heat up.  An improving local economy and the fear that mortgage interest rates are going to begin to increase are fueling this market.  With high demand and home inventories remaining low, this is a tremendous opportunity for anyone thinking about selling their home.  If you fit into this category, then you may want to start doing your research.  A perfect way to do this is to get an online evaluation of your homes current market value.  You can easily do this by going to the web site www.forhomesellers-nonSmartZip.com.  The information that you receive from this site will give you a good indication of what your Eugene/Springfield area home vlaue is.

Lane County saw increased real estate activity across the board this April. Pending sales, at 557, showed a 56.5% increase over the 356 offers accepted in April 2014 and a 18.0% increase over the 472 offers accepted last month. In fact, this represented the strongest April for pending sales in Lane County on the RMLSTM record.


Closed sales, at 382, similarly outpaced last April (294) by 29.9% and last month (341) by 12.0%—the strongest April for closings since 2006, when there were 394 posted for the month.

New listings (687) increased 15.7% over last April’s 594 new listings and 19.7% over the 574 new listings offered in March 2015. The last April with as many new listings was in 2010, when there were 691.

Inventory in Lane County decreased to 3.4 months in April, with total market time decreasing to 95 days in the same period.

Average and Median Sale Prices

Prices have been higher in 2015 than in 2014. Comparing each year through April, the average sale price rose 5.2% from $225,200 to $236,900. In the same comparison, the median sale price rose 5.6% from $203,100 to $214,500.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!



185 Crest Drive

Price: $315,000    Beds: 3    Baths: 2    Sq Ft: 2500

Lovely updated gem in SW Hills! Hillside location surrounds you w/ serene tree views. Sunlight floods in through numerous windows. 2-story vaulted LR w/ pellet stove insert & loft overlook mahogany flr+trim & slider. Enjoy beautifully landscaped fen...
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Real Estate Activity Rising in Lane County

Monday, April 20, 2015
by Galand Haas

Good Afternoon!

The Real Estate Market in the Eugene and Springfield and surrounding area continued to rise in March. This is a coninuation of an escalating market that has been taking place here for well over 6 months now.  Here is what March 2015 home sales in the Eugene/Springfield and surroundings areas looked like.

Real estate activity kicked into action this March in Lane County. Closed sales led the way—the 341 closings were a 30.2% increase over the 262 closings recorded in March 2014 and a 65.5% increase over the 206 closings posted last month. The last March there were more closings in Lane County was March 2007, when there were 347. Pending sales (472) bested March 2014 (367) by 28.6% and February 2015 (368) by 28.3%. New listings, at 574, showed a 10.4% improvement over the 520 new listings posted last March and a 22.9% increase from the 467 new listings posted in February 2015.

Inventory in Lane County decreased to 3.7 months in March, with total market time decreasing to 106 days.

Average and Median Sale Prices

Comparing the average price of homes in the twelve months ending March 31st of this year ($237,900) with the average price of homes sold in the twelve months ending March 2014 ($228,800) shows an increase of 4.0%. The same comparison of the median shows an increase of 3.9% over that same period.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!



2074 Lake Isle Dr

Price: $199,000     Beds: 2     Baths: 2     Sq Ft: 1389

Light and bright condo overlooking the water! In the premier Island Lakes Condominiums, this condo has pond views from every room on North side. Enjoy a beautiful community featuring a pond surrounded by a stunning landscape of fountains, flowers, a...
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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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