The Register Guard is reporting that lane county homes are sitting an extra week this June - in comparison to last June. A “soft landing” for the Eugene housing market.
In the coming weeks I plan to add some additional (deeper) trend analysis and tools, in the form of new permanent pages attached to this blog. Stay tuned!
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Redfin’s stories are great. They raise the real estate marketing bar.
You can tell from that post that these agents know their neighborhoods. Is there an equivalent neighborhood in Eugene?
What about some areas of Springfield? Is it unfair to exclude Springfield from this blog? No longer.
Springfield is full of lively parks where kids can play. New businesses. A new hospital or two. A new regional kids sports center.
So in the coming months look for a few posts about Springfield properties. Like this one.
Subscribe to the feed and you won’t miss a thing..
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Only in Eugene! And they seem to be doing something right - including a testimonial on the front page:
“Dear Dave,
We are absolutely and incredibly in love with our new home. It is very possible or probable that we wouldn’t be here if not for your tireless and thorough work on our behalf. Come see our new pad with us in it! You are an awesome Realtor and a dear, dear friend.
Love,
Amedee Smith”
–Head Chef, Ambrosia Restaurant, Eugene Oregon
See their “About Us” page for a reality check. Really great marketing here - they know their audience, they differentiate, they don’t publish an agency’s canned template for a website (more differentiation), and they’re just being themselves. Easy to make a connection with this group. Well done.
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Jennifer makes some great points. She also scores some with Eugenians!
Point #1 - Supply vs. Demand. Supply remains constrained because college towns tend to have strict zoning requirements. Demands is increasing because college enrollments continue to increase.
To quote Jennifer:
“A place to retire? These days, college towns are getting a lot of play as retirement places. Not for everyone, but for mentally and physically active retirees.”
Then…there’s the 100friends take from 1999:
“…home prices in Eugene, Salem and Medford were below the average price for the nation as a whole. (Oregon Housing Cost Study)”
Is that as true in 2006 as it was in 1999? More stats to come!
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I’m curious about something..where’s the land to be had in Eugene? Properties are important too, but the way that land is being developed, and the way the city and county revise land use laws..what’s to be had for the average homeowner looking for their “dream home” in the countryside?
A search of Homes and Land Magazine returned only two results!
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According to the Real Estate Journal, the Portland metro area has a risk quotient of 108. Not bad when you consider the riskiest metro area, San Diego, has a risk quotient of 599. A risk quotient of 100 means that properties in that area face a 10% risk of value loss within the next two years.
What does this mean for Eugene? The odds are good that the largest markets were counted for this survey, so it may be impossible to know. This does suggest however that home prices in the Northwest are not priced in a “bubble.”
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