Eugene Real Estate Market Update, July 2011

July Residential Highlights

Sales activity in Greater Lane County went up in July 2011, as closed and pending sales both saw a rise compared with July of the previous year. Comparing July 2011 with July 2010 shows closed sales were up 15%, while pending sales increased 7.9%. New listings fell 27.6%. See residential highlights table below. A comparison of June 2011 with July 2011 shows that closed sales fell from 297 to 253 (-14.8%). Pending sales were up from 276 to 302 (9.4%). New listings fell from 496 to 491 (-1%).

At the month’s rate of sales, the 2,186 active residential listings would last approximately 8.6 months, 3.3 months lower than inventory in July 2010. Sale Prices Comparing July 2011 to July 2010, the average sale price grew by 0.3%. The median sale price fell 5.8%. Comparing June 2011 to July 2011, the average sale price dropped from $229,000 to $226,200 (-1.2%). The median sale price increased from $182,400 to $192,000 (5.3%).

Year-to-Date

Comparing January-July 2010 with the same period of 2011 shows closed sales dropped 9.3% (1,824 v. 1,654). Pending sales also fell 8.9% (2,040 v. 1,858), while new listings went down 22.5% (4,402 v. 3,413).

For more information, see the July 2011 Market Report.

Courtesy of RMLS.

Eugene Real Estate Market Update, June 2011

June Residential Highlights

Sales activity in Greater Lane County was mixed in June 2011. While closed sales fell compared to the same month last year, pending sales saw a rise. Comparing June 2011 with June 2010 shows closed sales were down 11.3%, while pending sales increased 0.7%. New listings fell 17.7%. Comparison of May 2011 with June 2011 shows that closed sales grew from 268 to 297 (10.8%). Pending sales were down from 339 to 276 (-18.6%). New listings fell from 522 to 496 (-5%).

At the month’s rate of sales, the 2,091 active residential listings would last approximately 7 months, the lowest inventory level since October 2009. Sale Prices Comparing June 2011 to June 2010, the average sale price grew by 0.8%. The median sale price fell 10.1%. Comparing May 2011 to June 2011, the average sale price grew from $189,900 to $229,000 (20.6%), and the median sale price also increased from $169,900 to $182,400 (7.4%).

For more information, see the June 2011 Market Report.

Courtesy of RMLS.

Guest Blogger – Resources to Help you Build Green

Owning a home is the ultimate American dream, and for some of us, we get to go one step ahead and build the home of our dreams. The newest trend is to build green by using materials that are environment friendly, designing spaces to utilize energy more efficiently, furnishing your home with Energy Star rated appliances, avoiding wastage and using natural resources as much as possible. There?s the double advantage of doing your bit to help the environment and cutting back on your own electricity and utility bills. If you?re looking for tips, plans and pointers as you contemplate the green home you?ve always desired, here are a few websites that offer help:

  • Green Home Guide: Maintained by the United States Green Building Council, this site offers comprehensive information on green home programs, green remodeling guidelines, how to live green and other resources. Learn how you can get your home LEED certified and other interesting facts here. (The Leadership in Energy and Environmental Design (LEED) standards which were developed as early as the turn of the century by the United States Green Building Council in order to create the ?world?s greenest buildings? awards points in order to certify a building gold or platinum ? energy efficiency rates 17 points, water savings add up to 5 points and indoor environment gets up to 15 points; a total of 39 earns a gold star while a platinum branding needs at least 52 points).
  • Green Home Building: This site offers a treasure trove of information, plans, designs and other resources that help when you?re starting to come up with ideas for your green home. Besides sustainable designs (eco friendly), you also have vernacular options that focus on local architecture, indigenous material and talent. You can seek expert opinion or buy building codes and other resources.
  • Green Building: This building tells you how a green home should be constructed and offers links to professionals in the field. Learn how to go about a green remodeling project or talk to experts on energy to see how your home can benefit.
  • Green is Universal: Besides the usual resources to help build sustainable and eco friendly homes that you find on other sites, this one offers a virtual reality exercise where you can play at building your own green home online.
  • Building Green: This site offers a live feed of all the news related to green building from all around the world. Other links offer access to green projects, products and articles.
  • This article is contributed by Sarah Scrafford, who regularly writes on the topic of international home listings. She invites your questions, comments and freelancing job inquiries at her email address: sarah.scrafford25@gmail.com.

The Great Eugene Cleanup

The Register Guard recently reported that the State of Oregon has given Eugene approximately $200k to clean up the city in advance of the Olympic Trials.

This has been fantastic, and has discouraged graffiti “artists” from polluting sidewalks and signs in parks. It has also impacted Eugene citizens’ perception of their city, and city leadership. Temporarily at least.

All for $200k. I encourage the City of Eugene to make this type of cleanup a long term commitment. Part of a long term plan to renew the city. For all the millions being spent on wooded acreage that the elite 5% of the city uses (and a good thing it’s not all residents, or it would fall to ruin), the city could take a small % of those city/county/state $ each year and maintain the resources closest to residents.

Thank you Olympic Committee and the State of Oregon!

Avot Media – sell that house

Avot Media is working with Home Depot to provide in-store “how to” videos for certain Home Depot product lines.

Here’s an even better use of this technology:

1. A home buyer drives by a house in a neighborhood they like, and takes a flyer.
2. On the flyer (or the box if the agent forgot to refill it), is a text number.
3. The person, an avid American Idol fan, knows how to text.
4. They text to the number, and receive a video link.
5. Assuming their phone can handle non-proprietary video, and many do (except that elegant iphone), they watch a video tour of the home.

Or they could just start with Cell Trust,although their products appear to introduce far more feature bloat.

Springfield real estate, an emerging opportunity?

Springfield has pushed through another coup. They are targeting lower class sizes, on average, than Eugene.

Another bold approach for a City that is doing its best to climb out of, and make the best of the Simpsons (ironically, a source of pride)/Anti-anyone-different reputation their community leaders and citizenry helped to cultivate for over a decade.

A magnificent new hospital that Eugene lost, street repairs (in contrast to potholes EVERYWHERE in Eugene), fresh downtown development, a new community policing approach…Springfield is becoming all things innovative while Eugene is behaving like grandpa in the easy chair. Nothing wrong with grandpa’s easy chair; if all you want to do is look in the rear view mirror.

Trulia launches Street View, Eugene not cool enough?

So Trulia has incorporated Google maps’ Street view into their listings. Here’s an example from a listing in Portland. It’s not exactly a tour of the home. In fact, you can hardly see the home from the street, but it does give you an opportunity to tour the neighborhood without driving to it.

I’m sure that Trulia would like to have a street view for Eugene as well. Unfortunately Google has focused almost all of its Oregon-based Street View photography efforts on Portland, as you can see from this map. If that changes, and Eugene gets Street View images, you will be the first to know!