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As in the last couple of months, the southwest Springfield area saw a decline in inventory over prior year but unlike those months average price was not helped in December. The number of closed sales, after taking a dive recently, was about the same as last year.
Here, for the (SOUTHWEST) SPRINGFIELD RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the … (0 comments)
SOUTHEASTERN LANE COUNTY'S WILLAMETTE HIGHWAY AREA
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
The Willamette Highway area continues to be over-burdened by an inventory of simply historic proportions.... while demand is only middlin'. December's sales number was the worst in a decade.
But December's average price looks very postitive.
The Willamette Highway area continues to be over-burdened by an inventory of simply historic proportions.... while demand is only middlin'. December's sales number was the worst in a decade. But December's average price looks very postitive.
Here, for the OAKRIDGE - PLEASANT HILL RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed … (0 comments)
The McKenzie Valley continues to be a severe buyer's market.The single home sold in the MLS this December matched the dismal number from 2008. The average sales price is down drastically. But the killer stat is still inventory - which continues at a high level.Even worse: only the low end is selling.
So for the MCKENZIE RIVER VALLEY RMLS … (1 comments)
Sales in the Mohawk Valley remain slim. For the second time in three years only one home sold during December - same as in November -much fewer than during the boom and even fewer than during the bust. The supply of available homes shot up. Average price is wildly lower based on that one sale being toward the low end.
Sales in the Coburg/I-5 North area remain too slim to draw huge conclusions. This December, inventory continued down slightlywhile closed sales stumble along at post-bust levels. Average price is wildly higher on a small number of sales - but for the second month in a row.
Here, for the COBURG / I-5 NORTH RMLS Market Area, are:
For the last four years, December has found West Eugene with sales lower than during the boom - but similar to ten years ago. But this year inventory jumped down drastically. That should have made average price hold steady. Instead it dropped.
Here for the WEST EUGENE RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of DECEMBER 2001 - 2011:
… (0 comments)
"TRUST Me"......... We hear that so often! What do you do? - 01/16/12 12:51 AM
The following post was entered into a contest here on ActiveRAIN dealing with TRUST. It brought the following thoughts to my mind. They have nothing to do with Real Estate.
But then again maybe they do.
I spent a year in Vietnam. I was one of 13 (all male) officers billeted in an old French hotel in beautiful downtown DaNang. The building was across the street from some Army nurses (all female). Adjacent to our building, on the other three sides, were Vietnamese brothels.
One day, our three Vietnamese maids all came up to my room to ask, … (7 comments)
This December, East Eugene inventory dipped downward for the first time since 2008. That followed November's trend. Meanwhile closed sales were up for the third year in a row. But average sale price was not helped at all. That came after average sales price increased for the first time since the bust in November. Still, average price for this area in December has remained pretty much level for seven … (0 comments)
This December, Southwest Eugene inventory is down for the fifth straight year. Closed sales basically matched the last two years. But those factors did not keep average price from declining.
So for the SOUTHWEST EUGENE RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of DECEMBER 2001 - 2011:
And a decade of Average Prices for Closed Sales … (0 comments)
This November, River Road inventory was happily down dramatically - to 2001 levels. But sales were disappointing even as average price ticked up for the first December since the bust.
So for the RIVER ROAD RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of DECEMBER 2001 - 2011:
In November, 2011, the number of closed sales in Santa Clara reached at least an eleven-year low. December was not that dramatically low....but was among the worst of the decade.The number is significantly below November of last year and represents about half the demand during the boom years.Despite the fact that the inventory level is also at a three-year, post-bust low, average price continues to slide. Here for the … (3 comments)
In November, 2011, the number of closed sales in North Gilham reached at least an seven-year low, tying 2004 for the worst in the eleven years shown. But in December, it nearly reached the high for the boom. But inventory remains unusually high. Despite that, average price was up in December.
Here for the NORTH GILHAM RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) … (2 comments)
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
Below you'll see that December sales are trending up while inventory declines -- to near historic levels - both necessary trends , if we are going to turn the corner on price. Average price was about the same as last December.
Now for the FERRY STREET BRIDGE RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for … (0 comments)
The time has come. We can wait no longer. We need a FEDERAL TRUST COMMISSION. - 01/15/12 11:00 PM
The time has come. We can wait no longer. We need a FEDERAL TRUST COMMISSION.(Let's face it: Nobody TRUSTS Anybody. (Except me, of course.) And that is affecting my life and my business. Sometimes, I'm not so sure I even TRUST myself. The government must come to our rescue.) Trust MeI'm Serious Here A FEDERAL TRUST COMMISSION (hereafter to be called the FTC) should be tasked with insuring TRUST in all places.....especially in high places (where an increase in TRUST would be most welcome indeed) - but also in low places (where TRUST is clearly, sorely lacking and must be restored).The FEDERAL TRUST COMISSION would be … (6 comments)
The fraction of sales done by Conventional loans was much smaller than in adjacent Eugene. The fraction done by FHA loan was much higher. All the USDA loans were done in south Springfield. … (0 comments)
The tiny sliver of homes sold with seller financing was so slim the numbers on the chart are hard to read. There were 8 homes sold with seller financing and 36 clased by the listing agents as other. Some of that 36 might have also been seller financed. … (6 comments)
I can't afford a Down Payment. I (puff, puff) Smoke too much... - 01/07/12 12:52 AM
A couple of my acquaintance recently struck up a conversation in a store. They asked how real estate here in Eugene, Oregon was going. They expressed a wish to buy a home someday....when they could get a down payment together. I'd heard this from my renter friends before. But at this moment I had just watched them buy a pack of Marlboros each. So, ever so gently, I suggested I knew where they could get a down payment. Of course, wide-eyed, they asked where.My answer was given with a smile: "You could quit smoking." Their eyes showed shock.That was understandable: It was an ambush … (16 comments)
As in October, the southwest Springfield area saw a decline in inventory and ... an increase in average price. But the bad news is that the number of closed sales took a dive.
Here, for the (SOUTHWEST) SPRINGFIELD RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of NOVEMBER 2003 - 2011:
This November, the THURSTON bad news was that the average price declined...and so did the number of sales.But the GOOD NEWS is that inventory was down, matching that in place before the boom/bust.
So for the THURSTON RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of NOVEMBER 2001 - 2011:
This November, the Hayden Bridge bad news was that the average price declined slightly.But the GOOD NEWS is that sales were up. And the BEST NEWS is that inventory is way down.
So for the HAYDEN BRIDGE RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of NOVEMBER 2001 - 2011:
NOTE: IN 2004 AND 2005 THE ACTIVE INVENTORY … (0 comments)
In November, the inventory in Coastal Lane increased againwhile closed sales remainded steady. Prices continue to be depressed by an over two-year supply.
NOTE: Florence and Coastal Lane County joined Eugene, Springfield and the rest of Lane County in the … (2 comments)
In November, inventory in the JUNCTION CITY area headed down (for the first time since the boom/bust) while sales headed up. Now if we can just get price to head up, we might be feeling good.
Here, for the JUNCTION CITY RMLS Market Area, are: A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months … (0 comments)
In November, inventory in West Lane headed down while sales headed up.Now if we can just get price to head up, we might be feeling good.
Here, for the VENETA - ELMIRA - NOTI RMLS Market Area, are: A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of NOVEMBER 2001 - 2011: … (0 comments)
The November inventory in South Lane remains near that experienced in the early years of the last decade. Meanwhile, closed sales remain at half that of the height of the boom.However, average price is up - favorably - from last year's low.
So for the SOUTH LANE (CRESWELL) RMLS Market Area, HERE ARE: A decade's worth of supply (Active … (2 comments)
Here, for the PLEASANT HILL - OAKRIDGE RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of NOVEMBER 2001 - 2011:
And a decade of Average Prices for Closed Sales for the Months of NOVEMBER 2001 - 2011:
… (0 comments)
Ready to buy a home, but can't sell? - 01/01/12 12:53 PM
The ideal in life is always to sell high and buy low. In order to sell high in the residential real estate market, you have to time your sale at a time when the market is high. But the chances are next to 100% that, if prices are high, so are interest rates. You are then going to be faced with selling high but also borrowing high. (By the time we are all sure the market has "bottomed-out", interest rates will have trended upward, too.) And if you are selling high you will also be faced with buying high. That is … (4 comments)
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