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.
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
|
103
|
|
24
|
20
|
28
|
|
72/3 = 24
|
4.29
|
But the aggregate Available Inventory for all of Ferry Street Bridge
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 |
16
|
|
2
|
|
4
|
|
6/3 = 2
|
8.0 |
2800-2999
|
5 |
|
|
1
|
|
|
1/3 = 0.33
|
15.2 |
2600-2799
|
11
|
|
1
|
1
|
1
|
|
3/3 = 1
|
11.0 |
2400-2599
|
5
|
|
1
|
3
|
1
|
|
5/3 = 1.67 |
3.0 |
2200-2399
|
4 |
|
|
1
|
3
|
|
4/3 = 1.34
|
3.0
|
2000-2199
|
11 |
|
1 |
1 |
2 |
|
4/3 = 1.34 |
8.3 |
1800-1999
|
15 |
|
5 |
6 |
5 |
|
16/3 = 5.33 |
2.8 |
1600-1799
|
15 |
|
|
|
1 |
|
1/3 = .34
|
45.5 |
1400-1599
|
7 |
|
6 |
3 |
2
|
|
11/3 = 3.67 |
1.9 |
1200-1299
|
7 |
|
6 |
|
5 |
|
11/3 = 3.67
|
1.9
|
1000-1199
|
6 |
|
1 |
3 |
3 |
|
7/3 = 2.33 |
2.6 |
0 - 999
|
1 |
|
1 |
1 |
1 |
|
3/3 = 1
|
1.0 |
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
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