About Eugene's Ferry Street Bridge

Is "all-cash" an important factor? Are most new loans conventional or FHA? How about federal VA? Do all other financing mechanisms (owner financing, lease-options, etc.) account for many sales?

Here is how the sales for single family homes in this RMLS market area break out for calendar year 2011 - by type of purchase made:

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR

IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

Below you'll see that December sales are trending up while inventory declines -- to near historic levels - both necessary trends , if we are going to turn the corner on price.

Average price was about the same as last December.

Now for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

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

Months of DECEMBER

2001 - 2011:

And a decade of Average Prices for Closed Sales
for the

Months of DECEMBER

2001 - 2011:

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR

IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

Below you will see that November sales are trending up while inventory declines - to near actual historical (i.e. 2001, pre-boom) levels - both necessary trends, if we are to turn the price corner.

But you will also see that price has not yet been decisively affected.

Now for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

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

Months of NOVEMBER

2001 - 2011:

And a decade of Average Prices for Closed Sales
for the

Months of NOVEMBER

2001 - 2011:

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR

IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

So for the

FERRY STREET BRIDGE

RMLS Market Area, HERE ARE:

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

Months of MAY

2001 - 2011:

And a decade of Average Prices for Closed Sales
for the

Months of MAY

2001 - 2011:

EDITORIAL NOTE: YES, I KNOW IT'S NOT YET THE END OF THE MONTH. THIS IS A PROTOTYPE POST. THE CHARTS WILL BE UPDATED ON OR ABOUT JUNE 1....JIM)

What's really happening to single family homes for sale in Eugene, Oregon's

Just how big a factor are distressed properties?

How much of the "active" inventory is really made up of those confusing "submitted" Short Sales - those that are truly pending but hiding amidst the officially-reported "active" inventory? Those that have been submitted to the underlying lender for short-sale approval....and which are, for most purposes, not really available for sale?

Here is the hard data from the Regional Multiple Listing Service:

Here are the Closed Sales numbers for the last many months for the

Here's what's reported as active:

Here's what's really active:

Currently, FERRY STREET BRIDGE has: