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Which homes are selling best in Eugene, Oregon's
DANEBO RMLS Market Area?
The table below compares actual closed sales of single family, detached homes
in the month of June, 2009
to the inventory available in the Danebo area as of today,
July 10, 2009.
| Square-Footage Range | Closed Sales June, 2009 |
Active Listings July 10,2009 |
Available Inventory (in months) |
| All |
22 |
124 |
5.6 |
| 3000 plus |
1 |
∞ | |
| 2500-2999 |
10 |
∞ | |
| 2000-2499 |
1 |
16 |
16.0 |
| 1800-1999 |
1 |
11 |
11.0 |
| 1600-1799 |
2 |
15 |
7.5 |
| 1500-1599 |
4 |
8 |
2.0 |
| 1400-1499 |
3 |
11 |
3.7 |
| 1300-1399 |
1 |
6 |
6.0 |
| 1200-1299 |
3 |
6 |
2.0 |
| 1100-1199 |
3 |
8 |
2.6 |
| 1000-1099 |
2 |
17 |
8.5 |
| 900-999 | 2 |
6 |
3.0 |
| Below 900 |
9 |
∞ |
Starter homes
(near the median size)
(1100 - 1599 square feet and usually having 3 bedrooms, 2 baths, a family room and a 2-car garage)
are selling well, with a combined available inventory of
2.8 months.
1100-1599 |
14 |
39 |
2.8 |
As shown below, there exists an over-supply (27 months of available inventory) of the largest homes
(those with over 2000 square feet).
2000 plus |
1 |
27 |
27.0 |
There is also an above-average supply of smaller homes, probably because the bulk of buyers using the
$8000 refundable federal tax credit
are buying at a higher level.
900 minus |
2 |
15 |
7.5 |
Data compiled from RMLS data by Jim Hale, Principal Broker, ACTIONAGENTS.NET.
Copyright, 2009
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As in many areas of the county, state, and nation, the available residential inventory in
Eugene's Bethel - Danebo Market Area
is currently several times that experienced in the boom of 2004-2006.
But Bethel - Danebo continues to carry one of the county's lowest inventory levels.
(Here monthly available inventory is computed by dividing the number of listings active at the end-of-month by the number of sales closed during the month.)

The housing bubble of 2004-2006 shows clearly (in green) on this chart.
The relationship of sales within the month to the total number of homes available for sale at the end of that month reached a remarkable 1 to 1 ratio in the months of June and July 2005.
Throughout the two-year sellers' market the ratio exceed 2.5 to 1 only in the dead of winter.
The boom sellers' market was preceded and followed by a transition balanced market
(shown in white above) in which the ratio varied between 2.5 and five months.
The current buyer's market (shown in bllue and grey) began in earnest in July, 2007.
Hopefully, the inventory reached
its worst ratio in January of 2009 -- a truly historic level of 17.3 months of available homes.
As you will see from future posts, this basic pattern can be found in data from
other Lane County market areas.
But Bethel-Danebo remains one of the county's best places to be selling a home in 2009.
COPYRIGHT 2009 Jim Hale actionagents.net All rights reserved
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Oregon Realtor Karen Church of RE/MAX Integrity supports Bethel School District's teachers here in Eugene, Oregon. Lane County has some of the finest teachers in the state. These hard working dedicated groups of professionals are there for Oregon's children. Your "Go To" Gal at www.eugenehomesgal.com is also a licensed teacher in Oregon and believes in "What is best for Kids". Read on....
Humbled By Our Fine Staff by Superintendent Colt Gill
05-21-2009
I was emotionally touched yesterday by the actions of our teachers. I'm so proud to work for a group of people who are willing to put so much on the table to support our community's kids. You can read about the concessions our teachers made on the front page of the website (center column).
I just want to say a word about the character of a group of people that unanimously make a decision like that. This is a staff that is facing sharp cuts even with the sacrifices they have taken on. This is a group that knows the meaning of community. They are willing to pull together when times are tough, to try to make things good for our kids and to try to save jobs for our community.
Yesterday marked a high and a low for my 19-year career in education. The low was having to ask a group of hardworking individuals...people who come in early, work late, plan on the weekends, pour their hearts into their work...asking these people to do the same job for less money, fewer benefits, and fewer resources. Our economy put me in a situation where I had to ask if they would be willing, it did not feel good for me...it had to be painful for them. That is a low.
The high came from their answer, their unanimous answer. For the kids, for this community, they are willing to do it. This is no surprise, but it is worthy of great praise and should not be taken for granted. It is a gift to the community, one that cannot be repaid. This is a special place...I am honored to work with these people who are so dedicated to our joint mission.
Karen's Response:
Again, teachers step up to help Oregon kids. There is no question in my mind as to the character of teachers in this district. Many are my friends and many were my co-workers and peers. In the history of Bethel, I have watched and been a part of these constant sacrifices that we as teachers have made over the years to continue to support Bethel kids.
The teachers of this district, and of our state, have been asked time and time again to take a pay freeze, cut our wages, donate time, give back time, come in evenings, attend meetings, pay for classroom supplies, and give back items that have been hard won at the table of negotiations. The amazing thing is that teachers have again made all these sacrifices in the name of what is "best for kids".
I have watched my friends cry over conflict created at the negotiations table to get contractual language that benefits them in the classroom. They have fought for what is right for their peers. These same people then have turned around and helped pass bond measures and supported district events that were in the best interest of Bethel kids.
My question is when does the state pick up the slack and support teachers and truly care about "what is best for kids"? If education is so important, then why are cuts being made to this "important" system? The one thing that all kids of this country have to do is go to school. When then is it not a priority? Other states don't fund their schools like we here in Oregon do. Why do we not change and do what is really "Best for Kids"?
I don't believe that there are many educators that don't believe that early intervention in education would cut down the number of inmates in our prisons? Or how about Talented and Gifted Programs (TAG) for our highly intelligent kids? TAG pullout went by the wayside years ago after Measure 5 cuts. Never to return. Yes, lots of special education programs, but how about emotional interventions and parental education for our troubled youth and special programs for our highly intellectual?
I would like to see Oregon in the forefront of education, not constantly taking a back seat to states who are far more financially superior than us. We should strive to be #1...is there less in life? Isn't that what is best for kids?
The character of Bethel teachers has never been in question, nor will it ever in my mind. Teachers are a special breed of individuals. One would have to be to constantly be giving, giving, giving, to other's children... your children... at the sacrifice of their pay wages and putting food on their own tables when possibly the other contributing financial person in the family may be without a job.
What would encourage teachers to go into this profession in Oregon except their compassion for kids? Many of these recent college graduates and first year teachers will be without jobs in the upcoming years. Will they stay in this profession? Will they leave the state to give their talents to students and developing higher test scores in another state? This district is taking 11 days off the school calendar, asking teachers to take a 6% pay cut, and then asking them to work one day for free. What other job asks for free work?
Yes, the teachers again stepped up to do "what is best for kids". Did they have the choice? No, but will they do it, yes. You stated that "The low was having to ask a group of hardworking individuals...people who come in early, work late, plan on the weekends, pour their hearts into their work...asking these people to do the same job for less money, fewer benefits, and fewer resources." Do the same for less? Now that is really asking a lot.
The question really is "At what point can we not maintain status quo?" Now is as good as time as any.
FYI: This blog was queued for moderation by Bethel School District site administrators and will only be published on their website after approval... now that is really saying a lot.
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