Eugene, OR

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.

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.

Karen Church, your "Go To Gal" at Remax integrity updates you on the new tax credit if you currently are a home owner. RE/MAX Integrity's Principal Broker, Judy Thomas reports that "A homeowner does not have to sell his principal residence in order to qualify for the $6,500 Tax Credit. They need to have lived there 5 consecutive years of the last 8 years. If they perhaps want to downsize and turn their original home into a rental, it is definitely allowed. They don't even have to live in it now, as long as they occupied it 5 consecutive years out of eight. This is especially great news for "empty nesters" wanting to downsize!" This is great information. Let me know if you have any other questions that will help you make a decision to find a new home.

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

FERRY STREET BRIDGE 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 Ferry Street Bridge market area as of

November 10, 2009.

Homes below 1600 square feet are HOT!

Homes between 1800 and 1999

and 2200 and 2599 square feet

are also selling very well.

Inventory levels

(as expressed as Months of Remaining Inventory)

at mid-range and below are at seller-market levels.

But there seems to be a momentary glut of homes between 1600-1799.

Homes over 2600 square feet continue to have

a buyer-market inventory level.

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 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.

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

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

Here is the break down for single family home sales for

October, 2009

in EUGENE, OR's

FERRY STREET BRIDGE

(RMLS Market Area)

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

28 Single Family Homes sold in October:

Short Sales: Bank Owned Sales:

3528 Berkshire ST $260,000 1050 Backlund PL $469,000

1855 Brewer AV $262,000

And here, for reference, is:

September, 2009

18 Single Family Homes sold in September:

Short Sales: Bank Owned:

145 N. Garden Way $150,000 2850 Van AV $167,475

405 Spyglass $425,000 1428 Gilham RD $300,000

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

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