Life & Real Estate in Eugene, Springfield & Lane County, Oregon

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 agents, in markets like mine, that would be a poor business decision.

Short sales require knowledge and experience counts.

The top agent (team) in this market (population = 310,000) is a short sale specialist.  He came here three years ago having never lived here previously.  He had experienced short sales in NEVADA.

His superior knowledge allowed him to quickly become the top dog for short sales.  But now he is simply the top dog.

He has been above average in marketing himself.  But his superior expertise has made the difference.  I have nothing but respect for his record and his professionalism.

I have adopted some of his procedures.  My experience bears them out.

I will be doing as many short sales in 2012 as I can. I will not be doing them happily. But I will be doing them well.


BUT AT THE SAME TIME, I will be looking for political and REALTOR leaders who understand the need to break up the big banks.

They are too big to fail. They are too big to serve their customers efficiently. They are also too big to serve their investors and/or depositors effectively....in a fiduciary manner.

THEY MUST NOT BE ALLOWED TO ACT so irrationally and broadly that they are capable of bringing the whole world into economic ruin in the future.

    THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN

  SOUTH LANE COUNTY'S SOUTH LANE SCHOOL DISTRICT

       IS TO COMPARE

      THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

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 (COTTAGE GROVE)

      RMLS Market Area, HERE 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:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

  THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN

 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'.

Average price has held roughly steady since the bust

(with the exception of 2009 continuing to provide the exception).

Here, for the

    OAKRIDGE - PLEASANT HILL

    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:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

 THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN

 NORTHEASTERN LANE COUNTY'S MCKENZIE RIVER VALLEY

      IS TO COMPARE

    THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

The McKenzie Valley continues to be a severe buyer's market.
Sales are at half that during the boom, the number remaining flat for the sixth straight year.

But the killer stat is inventory - which continues to climb.
Even worse:  only the low end is selling.

So for the

    MCKENZIE RIVER VALLEY

    RMLS Market Area, HERE 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:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

  THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN NORTHERN LANE COUNTY'S

 MOHAWK VALLEY

     IS TO COMPARE

    THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

Sales in the Mohawk Valley remain slim.
For the second year in a row only one home sold during November -
much fewer than during the boom and even fewer than during the bust.
Average price is wildly lower based on that one sale being toward the low end.

Here, for the

    MARCOLA / MOHAWK VALLEY

    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:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

  THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN NORTHERN LANE

 AND SOUTHERN LINN COUNTIES, OR

   IS TO COMPARE

   THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 Sales in the Coburg/I-5 North area remain too slim to draw huge conclusions.

This November, inventory is down only slightly
while closed sales are at the approximate decade average.

Average price is wildly higher on a small number of sales.

Here, for the

   COBURG / I-5 NORTH

   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 OCTOBER

   2001 - 2011:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR

 IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 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
for Homes in Eugene, Oregon for the

Months of NOVEMBER

2001 - 2011:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median for homes sold would make for a better comparison but is unavailable from RMLS.

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR

   THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OREGON

    IS TO COMPARE

   THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

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 - 2011:

And a decade of Average Prices for Closed Sales
for the

 Months of NOVEMBER

   2001 - 2011:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

 THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR

  IS TO COMPARE

 THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 This November, River Road inventory was happily down while sales at a decade low. Unfortunately, average price was down again.

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 NOVEMBER

2001 - 2011:

 And a decade of Average Prices for Closed Sales
for the

 Months of NOVEMBER

  2001 - 2011:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area.   The mix of homes sold varies over time.  The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices.  A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.