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 SPRINGFIELD, OR

   IS TO COMPARE

   THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 

This November, the THURSTON bad news was that the average price declined...
and so did the number of sales.
But the GOOD NEWS is that inventory was down, matching that in place before the boom/bust.

 

So for the

  THURSTON

   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 SPRINGFIELD, OR

  IS TO COMPARE

  THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 

So for the

  THURSTON

  RMLS Market Area, HERE ARE:

 

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

  Months of OCTOBER

  2001 - 2011:

 

 

Great News:  Listing inventory and number of closed sales during the month for Thurston now stand where thery were ten years ago - in advance of the BOOM-THEN-BUST. Getting supply back into closer balance with demand is a prerequisite for arresting price decline. 

 

 

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 SPRINGFIELD, OR

 IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 

So for the

THURSTON

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:

 

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 SPRINGFIELD, OR

 IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 

So for the

THURSTON

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:

 

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 SPRINGFIELD, OR

 IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 

So for the

THURSTON

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 SPRINGFIELD, OR's

 

THURSTON

 (RMLS Market Area)

 

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

 

  31 Single Family Homes sold in DECEMBER:

 

Here, for reference, is

 

NOVEMBER, 2010

  21 Single Family Homes sold in NOVEMBER:

 

OCTOBER, 2010

  18 Single Family Homes sold in OCTOBER:

 

SEPTEMBER, 2010

  17 Single Family Homes sold in SEPTEMBER:

 

 

AUGUST, 2010

17 Single Family Homes sold in AUGUST:

 

 

JULY, 2010

10 Single Family Homes sold in JULY:

 

 

June, 2010

 28 Single Family Homes sold in June:

 

 

May, 2010

  24 Single Family Homes sold in May:

 

 

April, 2010

25 Single Family Homes sold in April:

 

 

March, 2010

22 Single Family Homes sold in March:

 

 

 

February, 2010

12 Single Family Homes sold in February:

 

 

 

January, 2010

12 Single Family Homes sold in January:

 

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

 IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 

So for the

THURSTON

RMLS Market Area, HERE ARE:

 

 

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

Months of NOVEMBER

2001 - 2010:

 NOTE:  IN  2005 THE ACTIVE INVENTORY AT THE END OF THE MONTH WAS EQUAL TO OR SLIGHTLY LOWER THAN THE NUMBER OF CLOSED SALES DURING THOSE MONTHS OF MAY.

 

 

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.

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

NOVEMBER, 2010

in SPRINGFIELD, OR's

 

THURSTON

 (RMLS Market Area)

 

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

 

  21 Single Family Homes sold in NOVEMBER:

 

Here, for reference, is

 

OCTOBER, 2010

 

  18 Single Family Homes sold in OCTOBER:

 

SEPTEMBER, 2010

  17 Single Family Homes sold in SEPTEMBER:

 

 

AUGUST, 2010

17 Single Family Homes sold in AUGUST:

 

 

JULY, 2010

10 Single Family Homes sold in JULY:

 

 

June, 2010

 28 Single Family Homes sold in June:

 

 

May, 2010

  24 Single Family Homes sold in May:

 

 

April, 2010

25 Single Family Homes sold in April:

 

 

March, 2010

22 Single Family Homes sold in March:

 

 

 

February, 2010

12 Single Family Homes sold in February:

 

 

 

January, 2010

12 Single Family Homes sold in January:

 

 

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

 IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

 

So for the

THURSTON

RMLS Market Area, HERE ARE:

 

 

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

Months of OCTOBER

2001 - 2010:

 NOTE:  IN  2005 THE ACTIVE INVENTORY AT THE END OF THE MONTH WAS EQUAL TO OR SLIGHTLY LOWER THAN THE NUMBER OF CLOSED SALES DURING THOSE MONTHS OF MAY.

 

 

And a decade of Average Prices for Closed Sales
for the

Months of OCTOBER

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.