In MARCH, 2012 the number of closed sales in Santa Clara was at a four-year low, but the inventory in terms of active listings also reached a four-year low. Of the two, the reduction n the inventory was the more important. Sales price was level with last year....a glimmer of evidence that the market may be stabilized - at long last.
FERRY STREET BRIDGERMLS Market Area Just how big a factor are distressed properties? How much of the current real estate market is made up of Bank-Owned (i.e. foreclosed) homes for sale?How many real estate listings are Short Sales?How many are good-old, true-blue Regular Sales? Here are the Closed Sales numbers for the last many months for EUGENE, OREGON's
FERRY STREET BRIDGERMLS Market Area … (10 comments)
For the last four years, JANUARY has found West Eugene with sales MUCH lower than during the boom. But this year inventory jumped down drastically. That should have made average price hold steady. Instead it dropped again.
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 JANUARY 2002 - 2012:
This JANUARY, the SOUTHWEST EUGENE inventory is down for the fourth straight year. That follows a December when it declined for the fifth straight year. Closed sales in JANUARY were at a four-year high. 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 … (0 comments)
This JANUARY, East Eugene inventory dipped downward for the second year in a row. That followed November and December's trend. But closed sales were only holding roughly stable after being up in December for the third year in a row. December average price has been up and down but essentially stable for five years. East Eugene benefits from having very low distressed property sales due to relatively … (0 comments)
This January, River Road inventory was happily down dramatically - to near pre-boom/bust levels. And closed sales did nearly the same. Average price continues to bounce up and down, year-on-year.
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 JANUARY 2002 - 2012: … (2 comments)
In November, 2011, the number of closed sales in Santa Clara reached at least an eleven-year low. The December number was not that dramatically low....but was among the worst of the decade. Now JANUARY looks about the same. The inventory level is also at a FIVE-year, post-bust low. In JANUARY, average price was down slighly year-on-year. Average price was also down seasonally in December, but was up … (0 comments)
In January, the number of closed sales in North Gilham reached at decade-long high. What a way to start our new year! Inventory sits at a four-year low - still painfully high compared to the years of the boom, but improving. Despite those positives, average price was down in January. But it was up in December. Perhaps the February number will be better.
Below you'll see that the number of Closed Sales in JANUARY in Ferry Street Bridge ties the decade high - while the inventory of Active Listings is at a six-year low. At the January rate of sales, Ferry Street Bridge now has a 5.5 month inventory. Those factors certainly explain the month's up tick in Average Price. Let's hope it is a sign of things to come.
Now for … (0 comments)
eugene: Getting All "My" Geese In A Row....celebrating 500,000 AR points with a picture header - 02/04/12 11:39 PM
With this post I cruise over the 500,000 point mark here in ActiveRAIN. It's well past time to have a picture header across the top of this AR Blog. But before I could get all my real geese in a row (across the top of this blog), I first had to get my figurative blogging ducks in a row. In the last (nearly) three years of RAINING, I have learned a lot. But until today I had never even entertained the possibility of putting a pix across the masthead of this blog. Then today, I commented on, my friend, Todd Clark's … (17 comments)
WEST EUGENE RMLS market area in Eugene, Oregon? Is "all-cash" an important factor? Are most new loans conventional or FHA? How about federal VA? Do all other financing mechanisms (owner financing, lease-options, etc.) account for many sales?Here is how the sales for single family homes in this RMLS market area break out for calendar year 2011 - by type of purchase made:
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New listings, new real estate trends and market data by RMLS market areas (neighborhood), including Ferry Street Bridge, North Gilham, Coburg - I-5 North, River Road, Santa Clara, North Springfield, Bethel - Danebo, Veneta - Elmira, Creswell - Cottage Grove, Pleasant Hill - Lowell - Oakridge.
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