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
|
But the aggregate Available Inventory for all of Bethel-Danebo
doesn't tell you what you really need to know!
Here is the breakdown by square footage range:
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
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