Happy sun shiny day to you all! If you are on an automatic search with me the odds are you already know that our Real Estate Market is heating up! With the Holidays behind us folks are moving forward with their 2016 Real Estate Goals! What are your Real Estate Goals for 2016? How can I help?
How about I start with the statistics from the latest Market Action? While I mentioned that things are heating up it doesn't seem like they slowed down too much. In December alone Lane County had 394 closed sales. 394! That's up 36% from December 2014 and made this December the strongest for closings in the RMLS record. Pending sales also increased over 20% from December 2014. However, new listings decreased by almost 4%. Our inventory too is down to only 2 months. Too bad because my number of buyers increased!
For the whole year, pending sales are up 28%, closed sales 27% and new listings 10%. It's easy to see why our inventory is so low, people are buying all the houses and we need more sellers to list. The good news for sellers, besides the low inventory, is the average sale price has increased 3.4% and the median sale price has increased 3.8%. And that's with plenty of rehab and bank owned properties coming onto the market adding to the number of lower sale prices. Every time I meet with a new buyer I've been explaining to them, inventory is low, market time is short and prices are going up. This means, be prepared to act.
If you would like to know what the market looks like for a specific area, just let me know! I can show you the statistics for South Eugene, Springfield, even Florence and areas outside of Lane County.
In other news, have you guys heard that Oregon is the number one state that people are moving too? I've felt it for sure. I have actually helped two clients move from out of state this year and have a handful of clients from out of state still looking for properties in Eugene and the surrounding areas. I have three friends that have moved from the midwest to Oregon as well! Looks like the secret is getting out.
Shall I ask how everyone is doing with their 2016 resolutions? I'm doing okay with them, each day is an opportunity to try again! One thing that I am doing well with so far is recognizing and allowing myself to feel joy. I truly have so much to be grateful for and I want to remind myself to take "long drinks" of my life's blessings more often. This great article was shared with me and I thought I would share it with you too, 7 Things Remarkably Happy People Do.
That's all for this month's Zen Letter. I hope you have found it to be insightful and entertaining. I'm looking forward to serving you and your friends and family achieve their Real Estate Goals and Dreams this year!