Which homes are selling best in Lane County, Oregon's
COTTAGE GROVE - CRESWELL RMLS Market Area?
The table below compares actual closed sales of single family, detached homes in the months of
May, June, and July, 2009
to the inventory available in the Cottage Grove - Creswell market area as of
August 4, 2009.
Square-Footage Range |
Active Listings August 4, 2009 |
Closed Sales May, 2009 |
Closed Sales June, 2009 |
Closed Sales July, 2009 |
Three-Month Absorption Rate |
Available Inventory (in months) |
||
| All |
218 |
20 |
21 |
25 |
66/3 = 22 |
9.9 |
But the aggregate Available Inventory for Cottage Grove - Creswell doesn't tell you what you really need to know!
Here is the breakdown by square footage range:
Square-Footage Range |
Active Listings August 4, 2009 |
Closed Sales May, 2009 |
Closed Sales June, 2009 |
Closed Sales July, 2009 |
Three-Month Absorption Rate |
Available Inventory (in months) |
||
| 3000-over | 20 |
0 |
1 |
0 |
1/3 = .34 |
58.8 |
||
| 2800-2999 |
9 |
0 |
0 |
2 |
2/3 = .67 |
13.4 |
||
| 2600-2799 |
10 |
0 |
1 |
0 |
1/3 = .34 |
29.4 |
||
| 2400-2599 |
15 |
1 |
0 |
0 |
1/3 = .34 | 44.1 |
||
| 2200-2399 |
18 |
0 |
1 |
0 |
1/3 = .34 |
52.9 |
||
| 2000-2499 |
20 |
0 |
2 |
2 |
4/3 = 1.34 |
14.9 |
||
| 1800-1999 |
18 |
2 |
2 |
2 |
6/3 = 2 |
9.0 |
||
| 1600-1799 |
15 |
4 |
3 |
3 |
10/3 =3.34 |
4.5 |
||
| 1400-1599 |
26 |
6 |
5 |
4 |
15/3 = 5 |
5.2 |
||
| 1200-1299 |
27 |
7 |
1 |
6 |
14/3 = 4.67 |
5.8 |
||
| 1000-1199 |
26 |
0 |
4 |
6 |
10/3 = 3.34 |
7.8 |
||
| 0 - 999 |
14 |
0 |
1 |
0 |
1/3 = .34 |
41.2 |
Homes fom 1600 to 1800 square feet are HOT!
Homes from 1200 to 1600 square feet are selling well.
Homes under 1000 square feet are NOT.
Homes over 2200 square feet have an aggregate available inventory of
36 months or three full years.
The $8000 federal tax credit is driving the sizes nearest
the (1400-1599 square foot) median home size.
Nothing comparable is driving the sale of large homes.
***********************
Jim Hale
Principal Broker / Owner
Graduate, REALTOR Institute e-PRO
2012 Member, Million Dollar Club of Lane County
2012 Member, Real Estate Brokers Million Dollar Club
actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962
Office: 541-484-0219
Direct: 541-543-9991
Fax: 541-485-8068
Eugene Oregon Homes / Real Estate jim@actionagents.net
All statistical market data is based on information from the RMLS of Oregon for the dates indicated.
© 2012 All Rights Reserved / Licensed in the State of OREGON
