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 Santa Clara reached at least an eleven-year low. December was not that dramatically low....but was among the worst of the decade.The number is significantly below November of last year and represents about half the demand during the boom years.
Despite the fact that the inventory level is also at a three-year, post-bust low, average price continues to slide.
Here for the
SANTA CLARA
RMLS Market Area 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 average price in Santa Clara bumped up significantly this November....maybe that is a start of something good. It is likely directly related to the significantly lower inventory shown above.
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.
***********************
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
You seem quite the expert. Best to you, Jim in the neqw year!
Love and light,
Laura
Good market update for Santa Clara... thanks for sharing and good luck to you!
Laura and Liz -
If you like this post now, just wait a few minutes when I actually get the two charts uploaded.
:-)