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

 What kind of financing is used for the purchase of single family homes in the

 
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

 

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) and demand (Closed Sales)
for the

 Months of DECEMBER

   2O01 - 2011:

 

 And a decade of Average Prices for Closed Sales
for the

   Months of DECEMBER

   2O01 - 2011:

The average November price in North Gilham bumped up this year.  But that is likely a just an example of a much smaller  number of sales being impacted by one or two unusually high sales.

 

 

 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

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. The number is well below the average demand for the decade and -- less than a third of November last year.  But then last year was a decade high.

Here for the

   NORTH GILHAM

   RMLS Market Area, HERE ARE:

 

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

 Months of NOVEMBER

   2O01 - 2011:

 

 And a decade of Average Prices for Closed Sales
for the

   Months of NOVEMBER

   2O01 - 2011:

The average November price in North Gilham bumped up this year.  But that is likely a just an example of a much smaller  number of sales being impacted by one or two unusually high sales.

 

 

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

NORTH GILHAM

RMLS Market Area, HERE ARE:

 

 

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

Months of MAY

2O01 - 2011:

 

And a decade of Average Prices for Closed Sales
for the

Months of MAY

2O01 - 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.

(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 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, NORTH GILHAM 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

NORTH GILHAM

RMLS Market Area, HERE ARE:

 

 

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

Months of APRIL

2O01 - 2011:

 

And a decade of Average Prices for Closed Sales
for the

Months of APRIL

2O01 - 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

 

So for the

NORTH GILHAM

RMLS Market Area, HERE ARE:

 

 

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

Months of MARCH

2O01 - 2011:

 

And a decade of Average Prices for Closed Sales
for the

Months of MARCH

2O01 - 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

 

So for the

NORTH GILHAM

RMLS Market Area, HERE ARE:

 

 

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

Months of DECEMBER

2O01 - 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

 

NORTH GILHAM

 (RMLS Market Area)

 

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

 

  9 Single Family Homes sold in DECEMBER:

  

Here, for reference, is

 

NOVEMBER, 2010

13 Single Family Homes sold in NOVEMBER:

 

OCTOBER, 2010

7 Single Family Homes sold in OCTOBER:

 

SEPTEMBER, 2010

9 Single Family Homes sold in SEPTEMBER:

 

AUGUST, 2010

9 Single Family Homes sold in AUGUST:

 

JULY, 2010

  6 Single Family Homes sold in JULY:

June, 2010

10 Single Family Homes sold in May:

 

May, 2010

10 Single Family Homes sold in May:

April, 2010

10 Single Family Homes sold in April:

March, 2010

6 Single Family Homes sold in MARCH:

 

 

February, 2010

5 Single Family Homes sold in February:

 

January, 2010

5 Single Family Homes sold in January:

 

 

December, 2009

8 Single Family Homes sold in December:

 

 

 November, 2009

5 Single Family Homes sold in November:

 

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

NORTH GILHAM

RMLS Market Area, HERE ARE:

 

 

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

Months of NOVEMBER

2O01 - 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.