About Lane County, OR

Saturday December 5th 2009 will be the annual Belknap covered bridge Christmas lighting ceremony and Christmas Party at the Upper McKenzie Community Center in McKenzie Bridge/Rainbow (yes, we in this community believe in Christmas). 3:30 kickoff to make ornaments and decorate the community center tree, 5pm bridge lighting ceremony, and 5:30 potluck dinner with music from the McKenzie High School Choir.

Goodpasture covered bridge will be decorated and lit by the community on Wednesday November 25th from 9-11am.

Other Christmas events in the valley: Holiday Bazaar at Millican Hall/Walterville Grange in Walterville on Saturday December 5th; upper valley Christmas dinner delivery on Christmas Day to those who are housebound, sponsored by the local churches; Live Nativity at the Living Water Family Fellowship church in Blue River on Friday and Sunday nights, December 18th and 20th, sponsored by local churches.

We're a close-knit community with pretty traditional values who care about each other and our community, and we show it!

Very nice level lots within close proximity of Sutton, Alder & Buck Lakes. Deeded Access to lake or use nearby public boat ramp. Travel trailer is excluded from sale. Old septic and Heceta water is available (need meter) and power is to lot line. Beautiful, level land - 2 lots sold together as one . Country feel only a few miles from town or beaches. Priced to sell $179,900, MLS#8072303.

Which homes are selling best in Lane County, Oregon's

BETHEL-DANEBO RMLS Market Area?

The table below compares actual closed sales of single family, detached homes in the months of

August, September and October, 2009

to the inventory available in the Bethel-Danebo market area as of

November 13, 2009.

Square-Footage Range	Active Listings November 10, 2009		Closed Sales August, 2009	Closed Sales September, 2009	Closed Sales October, 2009		Three-Month Absorption Rate	Available Inventory (in months)
All	111		21	33	29		83/3 = 27.8	4.00

Square-Footage Range	Active Listings November 10, 2009		Closed Sales August, 2009	Closed Sales September, 2009	Closed Sales October, 2009		Three-Month Absorption Rate	Available Inventory (in months)
3000-over	1						0	∞
2800-2999	1						0	∞
2600-2799							0	∞
2400-2599	2			1			1/3 = 0.33	6.1
2200-2399	2			1	1		2/3 = 0.67	3.0
2000-2199	8		1	1			2/3 = 0.67	11.9
1800-1999	7		3		1		4/3 = 1.33	5.3
1600-1799	14		2	4	4		10/3 = 3.34	4.2
1400-1599	24		2	8	12		22/3 = 7.33	3.3
1200-1299	24		2	7	5		14/3 = 4.67	5.1
1000-1199	18		6	9	5		20/3 = 6.67	2.7
0 - 999	8		5	2	1		8/3 = 2.67	3.0

Homes below 2000 square feet are selling well!

Homes between 2000 and 2199 have a momentary surplus of available inventory.

The inventory just below 2000 is approaching

a balanced market.

Homes below 1200 square feet show an inventory level that indicates a seller market. What is switch that will be if it holds up through the winter!

are also selling very well.

As elsewhere, the $8000 fully refundable federal tax credit

(for buyers who have not owned a personal residence

in the last three years)

is driving the sale of smaller homes.

It has been extended through April 30.

And effective right now, the new fully refundable

$6500 federal tax credit

(for those buyers who've lived in their personal residence for at least 5 of the last 8 years)

will be driving mid-range sales.

The new tax credit will only be in play for 5 1/2 months and has income limitations. That means it may have

little impact

on the number of sales or prices of homes at the high end.

But the impact in Bethel-Danebo should be significant!

************

Jim Hale

Principal Broker

Graduate, REALTOR Institute e-PRO
actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962

Office: 541-484-0219
Direct: 541-543-9991
Fax: 541-485-8068

www.actionagents.net jim@actionagents.net

© 2009 All Rights Reserved

FERRY STREET BRIDGE

market area of EUGENE, Lane County, OR

New Listings may include properties previously listed by the same or a different brokerage.
Cancellations or Expired Listings may, therefore, by duplicated in the active category.
Pending Sales are those subject to a new sale agreement within the month.
Active Listings are those for sale on the last day of the month.
Closed Listings are those that closed in escrow within the report month.

*****

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

Months of October

2001-2009:

And a decade of Average Prices for Closed Sales
for the

Months of October

2001-2009:

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. An arithmetic median would make for a better comparison but is unavailable from RMLS.

McKenzie Valley Oregon Real Estate Update 11-13-2009

We saw a substantial increase in buyer activity in September and October. Average prices have dropped more in the McKenzie Valley this year (22.7%) than the Lane County average (9.3%). Have we hit the bottom? We don’t know, but buyers must think we are getting close or they wouldn’t be buying. It is not just foreclosures that are selling, but recent sales are almost exclusively under $250K, against an average list price for the valley of $433K+. The higher end of the market hasn’t yet returned.

Active Listings Current

Active residential listings = 94

Average days on market = 163

Median days on market = 139

Average list price = $433,651

Median list price = $362,450

Pending Sales Current

Pending residential sales = 6

Average days on market = 130

Median days on market = 125

Average list price = $273,883

Median list price = $284,950

Average $/sqft = $148

Sold Listings 3 months

Sold residential listings = 11

Average days on market = 137

Median days on market = 123

Average list price = $264,487

Median list price = $249,900

Average sold price = $245,527

Median sold price = $226,000

Average $/sqft = $169

32 closed sales year-to-date

Average sales price down 22.7% versus 2008