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

 

 

 

 

 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

 

 

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 the

 

 Months of DECEMBER

 

  2001 - 2011:

 

 

 

 

 

 

And a decade of Average Prices for Closed Sales
for the

 

 Months of DECEMBER

 

 2001 - 2011:

 

 

 

 

 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

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 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:

 

 

 

 

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

 

So for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

 

 

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of MAY

2001 - 2011:

 

And a decade of Average Prices for Closed Sales
for the

Months of MAY

2001 - 2011:

 

EDITORIAL NOTE: YES, I KNOW IT'S NOT YET THE END OF THE MONTH. THIS IS A PROTOTYPE POST. THE CHARTS WILL BE UPDATED ON OR ABOUT JUNE 1....JIM)

 

What's really happening to single family homes for sale in Eugene, Oregon's

Just how big a factor are distressed properties?

How much of the "active" inventory is really made up of those confusing "submitted" Short Sales - those that are truly pending but hiding amidst the officially-reported "active" inventory? Those that have been submitted to the underlying lender for short-sale approval....and which are, for most purposes, not really available for sale?

Here is the hard data from the Regional Multiple Listing Service:

Here are the Closed Sales numbers for the last many months for the

 

Here's what's reported as active:

 

 

 

 

 

 

 

 

 

 

 

 

 

Here's what's really active:

 

 

Currently, FERRY STREET BRIDGE has:

 

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

 

So for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

 

 

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of APRIL

2001 - 2011:

 

And a decade of Average Prices for Closed Sales
for the

Months of APRIL

2001 - 2011:

 

 

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

 

So for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

 

 

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of MARCH

2001 - 2011

 

 

And a decade of Average Prices for Closed Sales
for the

Months of MARCH

2001 - 2011:

 

 

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

 

So for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

 

 

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of DECEMBER

2001-2010:

 

And a decade of Average Prices for Closed Sales
for the

Months of DECEMBER

2001 - 2010:

 

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.

Here is the break down for single family (detached) home sales for

DECEMBER, 2010

in EUGENE, OR's

 

FERRY STREET BRIDGE

 (RMLS Market Area)

 

(SHOWN BY type of sale:  REGULAR SALE, SHORT SALE, or BANK-OWNED SALE)

 

10  Single Family Homes sold in DECEMBER:

 

Here, for reference, is:

 

NOVEMBER, 2010

11  Single Family Homes sold in NOVEMBER:

 

OCTOBER, 2010

12  Single Family Homes sold in OCTOBER:

 

SEPTEMBER, 2010

15  Single Family Homes sold in SEPTEMBER:

 

 AUGUST, 2010

21  Single Family Homes sold in AUGUST:

 

JULY, 2010

16  Single Family Homes sold in JULY:

 

June, 2010

25  Single Family Homes sold in June:

 

May, 2010

25  Single Family Homes sold in May

April, 2010

16  Single Family Homes sold in April

 

March, 2010

18  Single Family Homes sold in MARCH

 

 

 

February, 2010

18  Single Family Homes sold in February

 

  December, 2009

7  Single Family Homes sold in January

 

 

 December, 2009

19 Single Family Homes sold in December

 

 

 November, 2009

14 Single Family Homes sold in November

 

 

October, 2009

28 Single Family Homes sold in October:

 

September, 2009

18  Single Family Homes sold in September:

 

August, 2009

24  Single Family Homes sold in August:

 

 

July, 2009

26  Single Family Homes sold in July:

 

June, 2009

31  Single Family Homes sold in June:

 

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

 

So for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

 

 

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of NOVEMBER

2001-2010:

 

And a decade of Average Prices for Closed Sales
for the

Months of NOVEMBER

2001 - 2010:

 

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.