MLS Lane County Oregon October Stats

According to Oregon MLS information just published for the month of October closed sells continue to drop , now falling 33.4% in comparison to October 2009. New listings coming to the market has also reduce 22.2% over the last year. As expected , Pending sells also lowered 18.7%. When comparing these recent statistics with September, a month earlier , reports suggest that closed sales fell 11.4% (209 vs. 236). We also observe that new listings lower by 9.3% with just 409 new homes entering to the market. With that said pending sales increased 6.2%, with 15 more properties accepting offers than the month prior .

Lane County currently has 2,250 active properties on the real estate market. Together with the number of homes sold previously we can determine that there is approximately 10.8 months of inventory, up from 10.4 months just a month before . On average over the last years real estate in Lane County has a decline of the average sales price of 6.6%, even though the median sales price dropped 2.6%. When compared to September Lane County received an average of $15,100. Dropping from an average sales price of $218,000 to $202,900. With that said you can see why as a home buyer the “slow season” is a great time to buy. Often owners who decide to keep marketing their real estate for sale through fall and winter are more likely to take a greater loss in order to unload their properties .

In the Eugene Real Estate Market, Ferry Street Bridge still saw a minor appreciation on real estate. Compared to the Lane County Average of 6.6% depreciation, Ferry Street Bridge received a 1.1% Appreciation with the average sales price being $255,000. Mohawk Valley also continued to see Appreciation in their area . Because of the low quantity in the neighborhood (2 solds for the month) it is hard to say if the community truly experienced an appreciation, but the statistics provided by Oregon RMLS exhibits a 19.2% appreciation, having an average sales price of $309,000. Another region that looked encouraging was the South Lane County area (Cottage Grove and surrounding area). South Lane County had a 2.4% appreciation and an average sales price of $174,900.

Some areas with steep depreciation would include Mapleton Oregon Again. Although , not as significant as last month, they still suffered a 38.4% fall with an average sales price of $140,000. In the Eugene - Springfield Real Estate Market N. Gilham made the list again , although neighboring the improved Ferry Street Bridge area, N. Gilham once again saw remarkable depreciation over the last year dropping 13.3%. The average sales price in N. Gilham is currently $257,000. Southwest Eugene, another sought after area , also noticed depreciation over the last year of 6.5%. Southwest Eugene’s average sales price is $259,900. The Danebo area dropped 6% with an average sales price of $164,300 and Coburg experienced a 7.8% decrease with the average sales price lowering to $180,000.

In Locations on the outskirts of Eugene, McKenzie Valley had the most significant decrease of 12.5%. Mckenzie Valley’s average sales price is currently at $229,000. Pleasant Hill also observed dramatic decline of its average sales price now $175,000, down 10.8%. Finally Junction City is down 8.1% with an average sales price of $208,000. I expect to see the number of new listings, and pending decrease as the season gets colder and the Holidays fall upon us. Early in February I can expect to see more house owners entering their homes into the Oregon Real Estate Market and of course more pendings occur in Spring and Summer. With that said, Property owners please recognize that there are a lot fewer homes to compete with in the cooler months and the buyers tend to be more “serious.” Buyers, if you are not attracted in “paying up” in order to have a greater selection I strongly encourage you to take advantage of this market. You may possibly be asking yourself what type of buyer buys a house in the middle of winter? I personally see my home as more than a residence , it is also my investment . Do I buy real estate in the summer when the flowers are out and everything seems so cherry and clean or in winter when home owners are sick of marketing their house and are just ready to move on? I choose winter - Every Time!

Oregon Coast MLS data ~ September 2010

Florence Oregon is putting up a fight. That is as outlined by Oregon RMLS statistics. As per RMLS a few regions of Florence are actually seeing a pick up in the real estate market. Will there be light at the end of this real estate tunnel? Not to be mistaken I must mention that the Florence region as a whole had decreased 13.6% on average in property sales value, however the Dunes City area saw a notable 9.7% gain during the last year. Florentine had a little boost at .8%. Who received a full blown punch during the last 12 months? That would be Mapleton, down a massive 50%! Investor alert!!! Data is showing me that there must be a number of bargains in the small unique community.
In accordance to statistics provided by RMLS in Oregon closed sales in Lane County were down 20.5% this September when compared with September of 2009. New listings dropped 13.1% and even worse, pending sales slipped 31.7%. At the pace of September’s sales rate Lane County might have 10.4 months of inventory. That may seem like dismal news, until you look at the 14.1 months of inventory we saw in the marketplace in January 2010. While sales are down, pendings are down, and yes new listings are down too there is some parallels. The total days on market for properties listed (The list date until the day the house went pending) remained exactly the same; at 119 days on market. The time of the 3 month listings are now gone. All of those sellers out there please take note… The normal property on the market in Lane County will need 4 months to obtain an offer! That's average. The higher priced home when compared with your competitors the less “average” you will be.

To learn more about MLS stats, Florence Oregon Real Estate, or the Eugene market visit: http://www.ranstadgroup.com/

Eugene Oregon Real Estate

Eugene Oregon Market Statistics ~ September 2010

According to stats given by RMLS in Oregon closed sales in Lane County ended up being reduced 20.5% this September when compared to September of 2009. New listings diminished 13.1% and worse yet, pending sales fell 31.7%. At the pace of September’s sales rate Lane County will have 10.4 months of inventory. That might seem like dreary news, unless you look at the 14.1 months of supply we had available on the market in January 2010. While sales are low, pendings are down, and yes new listings are down too there's certain similarities. The total days on market for homes listed (The list day until the time the house proceeded to go pending) continued to be the same; at 119 days on market. The time of the 3 month listings are gone. All of the sellers on the market please take note… The typical home on the market in Lane County will need 4 months to obtain an offer! This really is average. The higher listed you are in comparison with your competition the less “average” you are.

While many neighborhoods in the Eugene-Metro area still suffered decline throughout the last year, there are a few bright spots. Congratulations are in order Ferry Street Bridge! You are the only area in Eugene Oregon that actually appreciated in Eugene in the last 12 months. In accordance with Information taken from RMLS Oregon, Ferry Street Bridge observed a 4% increase of the average sales price. Data tells me this can be appreciation – Experience tells me that the upper end homes listed for sale in Ferry Street Bridge are ultimately starting to sell. Statistics are statistics folks. Either way, Ferry Street Bridge is experiencing something that the remainder of Eugene is not… for now anyway.

Who else is feeling light at the end of the real estate tunnel? It's Mohawk Valley! Mohawk Valley also noticed a boost in the average sales price, a notable 7.1%. Even though Pending sales are down a whopping 66.7% .Those 19 owners who sold their properties this year should be gleaming with delight.

Alright, my monthly report would not be comprehensive without some not so good news. Sorry North Gilham and Coburg Oregon, the real estate market isn't so compassionate for you as your neighbor Ferry Street Bridge. Coburg Oregon is down 12.1%, while North Gilham has declined 12.6% for average sales volume. That is probably not good news if you currently own a home in these locations, but if you are searching for a great Eugene real estate market to buy in, this might be the location.

Eugene Oregon Real Estate