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:
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 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)
eugene: I can't afford a Down Payment. I (puff, puff) Smoke too much...
- 01/06/12 04:52 PM
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)
eugene: WHY and HOW would anyone stop doing short sales in today's market?
- 12/27/11 05:55 AM
Among today's featured posts on ActiveRAIN was one by an attorney who used it to announce that his firm would no longer do short sale closings...apparently in an attorney closings state. His post garnered, at last count 228 comments - most of them agreeing with his decision. However, I must respectively disagree....with one important BUT at the end. I can understand an attorney located anywhere withdrawing from the short sale market. But for escrow/title companies in states like mine where they do all closings, foregoing short sales would not be an option....even with them only constituting 15-20% of the market.For most … (12 comments)
This November, West Eugene inventory jumped down to pre-boom/bust levels.But closed sales came in at only a very low level.Even so, average price came up somewhat - but on a small number of sales.
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 NOVEMBER 2001 - 2011:
And a decade of Average Prices for Closed Sales … (0 comments)
This November, Southwest Eugene inventory remains essentially unchanged for a third year. But closed sales saw at least an eleven year low. That left average price about where it was for the last two years.
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 NOVEMBER 2001 - 2011:
This November, East Eugene inventory dipped downward for the first time since 2002. Meanwhile closed sales were up for the third year in a row. That lifted average sales price for the first time since the bust.
So for the EAST EUGENE RMLS Market Area, HERE ARE: A decade's worth of supply (Active Listings) and demand (Closed Sales) for the Months of NOVEMBER 2001 … (0 comments)
In November, 2011, the number of closed sales in Santa Clara reached at least an eleven-year low. The number is significantly below November of last year and represents less than half of the demand during the boom years.But the inventory level is also at a four-year low ....and, more significantly, is lower than the level in 2001 and 2002 - just preceding the boom. Here for the SANTA CLARA RMLS … (3 comments)
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS Below you will see that November sales are trending up while inventory declines - to near actual historical (i.e. 2001, pre-boom) levels - both necessary trends, if we are to turn the price corner. But you will also see that price has not yet been decisively affected.
Now for the FERRY STREET BRIDGE RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and … (0 comments)
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