February 2009 sales data: Lane County Real Estate Market update.

As anticipated, sales activity in the Greater Lane County area showed gains compared to January 2009, but continued to slide when compared to February 2008.

Comparing February 2009 with February 2008, closed sales dropped 31.8% and pending sales fell 16.4%.

Perhaps the best news is that our average local sale price is only down 3.2% since this time last year. This is remarkable considering the massive devaluation that has occured in other parts of the country. Click to view the full report and accompanying charts.

What does all this mean if you need to buy or sell in our current market?

• Sellers must ensure that the condition of their property is superior, that their price is competitive, and that their Realtor is a master at marketing and negotiation if they wish to sell in a reasonable time frame.
• Buyers still have access to a vast number of housing options, and the opportunity to purchase at value prices, if they can obtain financing, and especially if they can pay cash.
• Agents must work with a high level of dedication and focus to serve the interests of their clients, and to ensure the future of their careers through the current downturn and into economic recovery.

If you have questions about our market or the current data please call or email. And if you need to buy or sell in the Eugene/Springfield area and want top-notch representation, I'm here to help.

Bobby Stevens, Broker
541 225-8081
Eugene's Alternative - REALTORS®
1553 Oak Street, Eugene, OR 97401
office: 541 302-5999 | office fax: 541 349-9616