About Eugene's Ferry Street Bridge

FERRY STREET BRIDGE

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.

Here is the break down for single family home sales for

June, July and August

in Eugene, OR's

FERRY STREET BRIDGE RMLS market area

SHOWN BY type of sale: REGULAR SALE, SHORT SALE, OR BANK-OWNED SALE

(WATCH the colors carefully!)

24 Single Family Homes sold in August:

Short Sales: Bank Owned:

3237 Queens East $325,000 1122 Oakway $254,000

2285 Providence $172,000 3020 Harlow $200,000

2865 Van $167,000 1652 Kings North $179,900

26 Single Family Homes sold in July:

Short Sales: Bank Owned:

2138 Wood Duck $460,000

985 Calvin $155,000

31 Single Family Homes sold in June:

Short Sales: Bank Owned:

1242 Rio Glen $300,000 3320 Brookview $377,000

2750 Elysium $200,000 2127 Law LN $319,900

2260 Elysium $261,750

1153 Arcadia $256,000

3634 Westward Ho $135,000

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

June, July, and August, 2009

to the inventory available in the Ferry Street Bridge market area as of

September 12, 2009.

Square-Footage Range	Active Listings September 12, 2009		Closed Sales June, 2009	Closed Sales July, 2009	Closed Sales August, 2009		Three-Month Absorption Rate	Available Inventory (in months)
All	114		31	26	24		81/3 = 27	4.2

Square-Footage Range	Active Listings September 12, 2009		Closed Sales June, 2009	Closed Sales July, 2009	Closed Sales August, 2009		Three-Month Absorption Rate	Available Inventory (in months)
3000-over	20		1	4	2		7/3 = 2.3	8.7
2800-2999	8		2	1			3/3 = 1.0	8.0
2600-2799	11		3		1		4/3 = 1.34	8.2
2400-2599	4			1	1		2/3 = .67	6.0
2200-2399	12		3	4			7/3 = 2.34	5.1
2000-2199	9		6	3	1		10/3 = 3.34	2.7
1800-1999	19		1	5	5		11/3 = 3.67	5.2
1600-1799	11		1	3			4/3 = 1.34	8.2
1400-1599	5		3	4	6		13/3 = 4.34	1.2
1200-1299	8		7	1	6		14/3 = 4.67	1.7
1000-1199	7		1		1		2/3 =.67	10.4
0 - 999			3		1		4/3 = 1.34	0.0

Homes from 1200 to 1600 square feet are HOT!

Homes between 2000 and 2199 square feet are selling well.

Homes over 2200 square feet are less in demand but the available inventory is lower than in other local RMLS areas.

The high inventory at the low end is surprising.

As elsewhere, the $8000 fully refundable federal tax credit

(for buyers who have not owned a home

in the last three years)

is driving the sale of smaller homes.

Nothing similar is driving sales at the high end.

Which homes are selling best in Eugene, Oregon's

FERRY STREET BRIDGE 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 FERRY STREET BRIDGE area as of

July 10, 2009.

Square-Footage Range	Closed Sales June, 2009	Active Listings July 10, 2009	Available Inventory (in months)
All	28	109	3.9

3000 plus	1	14	14.0
2500-2999	5	18	3.6
2000-2499	9	26	2.9
1800-1999	1	21	21.0
1600-1799	1	11	11.0
1500-1599		7	∞
1400-1499	3	5	1.7
1300-1399	3	4	1.3
1200-1299	3	3	1.0
1100-1199	1	6	6.0
1000-1099		2	∞
900-999	3	1	.3
Below 900			N/A

2000 - 2999

14

44

3.1

Data compiled from RMLS data by Jim Hale, Principal Broker, ACTIONAGENTS.NET.

Copyright, 2009

Eugene, Oregon's Ferry Street Bridge RMLS market area showed 9.1 months of available residential inventory at the end of April, 2009.

That April inventory level of homes for sale was average for the Eugene - Springfield metro area.

Ferry Street Bridge's available inventory by month over the period 2002 -2009 is shown below. The neighborhood was in a sellers' market in 2003 to 2005 (shown in green below) but that boom was not as hot as the Bethel-Danebo and Santa Clara neighborhoods shown in my prior blog postings. The available inventory ratio (active listings divided by closed sales during the month) only dropped below 1.5 for two months in Ferry Street Bridge during that boom period. By contrast, the inventory ratio was below that level for 14 months in 2004 & 2005 in both Danebo and Santa Clara.

Similarly, the seller's market of 2007 -2009 has seen much higher remaining inventory levels in Ferry Street Bridge than in the neighborhoods to the west. That is surprising given Ferry Street Bridge's central location in the metro area and the influx of staff moving to the area to be near the new Sacred Heart Medical Center at Riverbend.

Perhaps that difference can be attributed to the availability of more new home subdivisions in Danebo and Santa Clara in recent years. Much of the housing growth in the last few years in Ferry Street Bridge has been in multi-family developments.

Amazingly, though Ferry Street Bridge experienced realtively high inventory ratios during 2008 and early in 2009, the area did not see the fierce spike in inventory ratio that hit other MLS areas this January. While the ratio hit 17.3 months in Danebo and 20.4 months in Santa Clara in January, it reached only 14.0 months in Ferry Street Bridge. Ferry Street Bridge did hit its own high ratio of 15.8 months of remaining inventory in November, 2008.