Which homes are selling best in Lane County, Oregon's
FERRY STREET BRIDGE RMLS Market Area?
The table below compares actual closed sales of single family, detached homes in the months of
June, July, and August, 2009
to the inventory available in the Ferry Street Bridge market area as of
September 12, 2009.
Square-Footage Range |
Active Listings September 12, 2009 |
Closed Sales June, 2009 |
Closed Sales July, 2009 |
Closed Sales August, 2009 |
Three-Month Absorption Rate |
Available Inventory (in months) |
||
| All |
114 |
31 |
26 |
24 |
81/3 = 27 |
4.2 |
But the aggregate Available Inventory for all of Ferry Street Bridge
Here is the breakdown by square footage range:
Square-Footage Range |
Active Listings September 12, 2009 |
Closed Sales June, 2009
|
Closed Sales July, 2009 |
Closed Sales August, 2009 |
Three-Month Absorption Rate |
Available Inventory (in months) |
||
| 3000-over | 20 |
1 |
4 | 2 |
7/3 = 2.3 |
8.7 | ||
| 2800-2999 |
8 | 2 | 1 |
3/3 = 1.0 |
8.0 | |||
| 2600-2799 |
11 |
3 |
1 |
4/3 = 1.34 |
8.2 | |||
| 2400-2599 |
4 |
1 |
1 |
2/3 = .67 | 6.0 | |||
| 2200-2399 |
12 |
3 |
4 |
7/3 = 2.34 |
5.1 |
|||
| 2000-2199 |
9 | 6 | 3 | 1 | 10/3 = 3.34 |
2.7 | ||
| 1800-1999 |
19 | 1 | 5 | 5 | 11/3 = 3.67 | 5.2 |
||
| 1600-1799 |
11 | 1 | 3 | 4/3 = 1.34 |
8.2 | |||
| 1400-1599 |
5 | 3 | 4 | 6 | 13/3 = 4.34 | 1.2 | ||
| 1200-1299 |
8 | 7 | 1 | 6 | 14/3 = 4.67 |
1.7 |
||
| 1000-1199 |
7 | 1 | 1 | 2/3 =.67 |
10.4 | |||
| 0 - 999 |
3 | 1 | 4/3 = 1.34 |
0.0 |
Homes from 1200 to 1600 square feet are HOT!
Homes between 2000 and 2199 square feet are selling well.
Homes over 2200 square feet are less in demand but the available inventory is lower than in other local RMLS areas.
The high inventory at the low end is surprising.
As elsewhere, the $8000 fully refundable federal tax credit
(for buyers who have not owned a home
in the last three years)
is driving the sale of smaller homes.
Nothing similar is driving sales at the high end.
***********************
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
