About Eugene's Santa Clara

What kind of financing is used for the purchase of single family homes in the

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

In November, 2011, the number of closed sales in Santa Clara reached at least an eleven-year low. December was not that dramatically low....but was among the worst of the decade.The number is significantly below November of last year and represents about half the demand during the boom years.

Despite the fact that the inventory level is also at a three-year, post-bust low, average price continues to slide.

Here for the

SANTA CLARA

RMLS Market Area 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 average price in Santa Clara bumped up significantly this November....maybe that is a start of something good. It is likely directly related to the significantly lower inventory shown above.

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

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

In November, 2011, the number of closed sales in Santa Clara reached at least an eleven-year low. The number is significantly below November of last year and represents less than half of the demand during the boom years.

But the inventory level is also at a four-year low ....and, more significantly, is lower than the level in 2001 and 2002 - just preceding the boom.

Here for the

SANTA CLARA

RMLS Market Area 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 average price in Santa Clara bumped up significantly this November....maybe that is a start of something good. It is likely directly related to the significantly lower inventory shown above.

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

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

SANTA CLARA

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:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.

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

SANTA CLARA

RMLS Market Area, HERE ARE:

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

Months of APRIL

2001 - 2011:

And a decade of Average Prices for Closed Sales
for the

Months of APRIL

2001 - 2011:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.