Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Oct. 30, 2019

Common Real Estate Myths Debunked!

Common Real Estate Myths Debunked!
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There’s a lot to know when it comes to Real Estate, and it’s sometimes tricky to know what’s true. Misconceptions can even deter people from buying or selling, so we're exploring a few common Real Estate myths and putting some of those rumors to rest:
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All Real Estate Agents are the same: Besides bringing their own unique personalities to the table, Real Estate Agents also possess different skills, experience levels, and specialties. Also take into consideration those that work with sellers, and those that work with buyers. It may take a little extra time and searching, but it’s worth it to find an Agent that truly fits your needs.
A 20% down payment is required to buy a home: In 2016, the average down payment was just 11% (and they are often lower!). A number of factors determine the down payment, including the buyer’s financial circumstances and price and location of the home. Also, some organizations such as the Dept. of Veterans Affairs offer no-money down loans, or first-time buyers may qualify for 3.5% FHA mortgages.
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You can skip the inspection when buying:  An inspection may add some time to the process, however it’s not worth skipping. Without an inspection you get the home as-is, including any issues that you may or may not see. A thorough inspection can save a lot of money and headaches in the end, and are needed even for newly constructed homes.

When selling your home, price it higher than it’s worth to leave room for negotiations: Thanks for the internet, buyers have become savvier than ever when shopping. Many can spot a home on the market that’s considerably overpriced, and will not take the time to look at it, leaving it sitting on the market for even longer. Ask your Agent for a comparative market analysis to help determine what may be a reasonable price for your home.
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Selling your home yourself will save you lots of money: Selling a home isn’t as easy as sticking a “For Sale” sign out front and making a deal. The transaction process can be complicated, and mistakes can be costly. Real Estate Agents bring not only experience and knowledge, but negotiation abilities, connections, and marketing know-how.
Posted in Market Updates
Oct. 30, 2019

Eugene Real Estate Market Data (May 2017)

Eugene Real Estate Market Data (May 2017)
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Here's the latest and greatest on Eugene's Real Estate market, including pricing, inventory, and more!
Price: While the list price has climbed since the start of the year, it looks to have paused for the time being around this plateau.
Inventory: With the exception of the fourth quartile of homes, inventory is trending upward, as the number of newly listed homes is equal than or less to the number of those pending.

Supply and Demand: It's still a seller's market, as home sales continues to outstrip supply, so anticipate upward pricing pressure if this trend continues.

Posted in Market Updates
Oct. 30, 2019

Eugene Real Estate Market Data (March 2017)

Eugene Real Estate Market Data (March 2017)
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We're wrapping up the month with an update on Eugene's Real Estate market, including pricing, inventory, and more.
Price: Prices are continuing to climb, nearing the market's all-time high, and showing a substantial increase from the start of 2017.
Inventory: With the exception of the third quartile of homes, the number of pending sales ("absorbed") has been outpacing or equal to the number of newly listed homes, resulting in a decrease of inventory.

Supply and Demand: It's a seller's market, and the market continues to get hotter. More sales and fewer homes listed continue to contribute to the increase in pricing.

Posted in Market Updates
Oct. 30, 2019

Buying vs. Renting - How to Decide?

Buying vs. Renting - How to Decide?
To buy or to rent? This age-old question is one that many are faced with at some point in their life. There are a number of factors to take into consideration based on your personal situation and goals. 
Let’s look at some of the advantages and disadvantages of each, as it can be surprisingly affordable to take the leap and purchase a home!
Posted in Market Updates
Oct. 30, 2019

2016 Real Estate Stats and Figures

2016 Real Estate Stats and Figures
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2016 has come to a close, and it was another successful year for R&R Properties of Eugene - check out some of our year end stats!
We give a big THANK YOU to all of our friends and clients who have contributed to our success.
(All data reported for Jan. 1, 2016 - Dec. 31, 2016)

R&R Properties of Eugene:

  • Number of successfully closed transactions: 74

  • Finished 20 out of 319 offices (top 6%) in Lane County for total volume sold in dollars

  • Average price of properties that we listed or sold: $302,394 (17.1% higher than Lane County's overall average)

   Team Eugene

  • Finished 11 out of 1,190 listed agents in Lane County (top 1%) based on total sales volume in dollars

  • Average days on market: 32 (63.8% fewer than Lane County's overall average)

  • Our homes sold for 98.37% of their listing price

Posted in Market Updates
Oct. 30, 2019

Lane County Real Estate Market Data (Jan. 2017)

Lane County Real Estate Market Data (Jan. 2017)

We’re starting 2017 off with another R&R Properties of Eugene Real Estate market data update for Lane County! Check out the latest market data (including pricing, inventory, and more) for Eugene, Springfield, and Cottage Grove:

Eugene Market Data:

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  • Price: The median price for Eugene homes leveled out near the end of 2016, but are showing signs of a gradual increase.
  • Inventory: With the exception of the second quartile of homes, the number of pending sales (“absorbed”) has been outpacing or equal to the number of newly listed homes, resulting in a decrease in inventory.
  • Supply and Demand: The market has cooled a bit at the end of the year with prices somewhat flat, keeping the area in a seller’s market zone. However, if the market falls into the buyer’s zone, expect downward pressure on pricing.

 

Springfield Market Data:

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  • Price: The median price for homes around Springfield has plateaued around the end of the year.
  • Inventory: Inventory has been somewhat light, and with the exception of the first quartile of homes, the number of pending sales (“absorbed”) has been outpacing the number of newly listed homes, resulting in a decrease in inventory.
  • Supply and Demand: The market has been fairly static the past few weeks in terms of sales to inventory. Lower inventory levels is keeping the area in a seller’s market, however, if the market heats up, expect prices to resume an upward climb.

 

Cottage Grove Market Data:

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  • Price: The median list price for Cottage Grove is showing a slight downward trend as a result of the market cooling off consistently for several weeks.
  • Inventory: Inventory is tightening due to average days-on-market decreasing and the number of pending sales (“absorbed”) outpacing the number of newly listed homes (with the exception of the fourth quartile).
  • Supply and Demand: With more homes available and lower demand, the market has cooled off, resulting in lower average prices, and remains a seller’s market for the time being.

Written by Jessica Chestnut on . Posted in Lane County, Market Data, Real Estate
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Posted in Market Updates
Oct. 30, 2019

5 Fun Facts About Oregon Civil War Football

5 Fun Facts About Oregon Civil War Football
Saturday marks the 120th Civil War between Oregon and Oregon State, with the Ducks on an eight-game win streak that they hope to uphold at Reser Stadium. In the spirit of this long-standing rivalry, here are some interesting facts about our favorite game of the year - Go Ducks! (Photo credit: UO Stock Photos)
The annual match-up between the Ducks and the Beavers is the seventh oldest rivalry in college football, dating back to 1894. Before it was the “Civil War”, it was called the “Oregon Classic” or “State Championship Game”.
(Photo credit: goducks via Instagram)
Oregon leads the series 63-46-10. Six of the ten ties had a score of 0-0 (the most recent in 1983). The Ducks current win streak dates back to 2008.
(Photo credit: Eric Evans Photography via Facebook)
In 1910 a post-game riot broke out, resulting in no athletic competition between the two teams in 1911. The following two Civil Wars were then played in Albany, as it was considered a “neutral” site.
(Photo credit: CampusAttic via Pinterest)
The Platypus Trophy was awarded to the winning school from 1959 to 1961, and then was lost for more than 40 years. It resurfaced in a closet in UO’s McArthur Court in 2005, and starting in 2007, was awarded to the winning team's alumni association.
(Photo credit: 247Sports)
The voice of the Oregon Ducks, Don Essig, is an Oregon State graduate, while Mike Parker, long-time Beavers play-by-play broadcaster, is Oregon alum.
(Photo credit: Naspaa via Facebook)
Oct. 30, 2019

Lane County Real Estate Market Data (Nov. 2017))

Lane County Real Estate Market Data (Week of Nov. 7)

Welcome to the first R&R Properties of Eugene blog featuring Real Estate market data for Lane County, Oregon. We are your source for current market data (including pricing, inventory, and more) for Eugene, Springfield, and Cottage Grove each month. Let’s get started!

Eugene Market Data:

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  • Price: The median price for Eugene homes has increased significantly over the past year.
  • Inventory: The number of pending sales (“absorbed”) has been outpacing or almost equal to the number of newly listed homes, resulting in a decrease in inventory.
  • Supply and Demand: In terms of sales to inventory, the market has been fairly stagnant the past few weeks. However, low inventory is keeping the area in a seller’s market zone, and if the market heats up, prices will likely resume in an upward climb.

 

Springfield Market Data:

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  • Price: The median price for homes in Springfield has increased significantly over the past year, but has recently plateaued.
  • Inventory: The number of pending sales (“absorbed”) has been outpacing or almost equal to the number of newly listed homes, resulting in a decrease in inventory.
  • Supply and Demand: In terms of sales to inventory, the market has been fairly stagnant the past few weeks. However, low inventory is keeping the area in a seller’s market zone, and if the market heats up, prices will likely resume an upward climb.

 

Cottage Grove Market Data:

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  • Price: While the median price for Cottage Grove homes did not fluctuate much this week, it has increased over the past year and is relatively close to the market’s price high-point.
  • Inventory: Inventory has been decreasing lately, while the days-on-market (DOM) are seeing an increase.
  • Supply and Demand: The past several weeks have seen consistent cooling in the market conditions. Prices have not yet begun to drop, as it is still a seller’s market. Prices may begin to fall if demand stays slack over the next few weeks.

 

Posted in Market Updates
Oct. 30, 2019

Why Work With a Property Management Company?

Why Work With a Property Management Company?

The Real Estate market may have slowed down, but the rental market is hot! Our rentals are only on the market for around an average of 14 days, bringing in higher rents with today’s market. While rental properties can be a great way to bring in some extra money, they can come with a lot of added responsibility. That’s where we come in.
R&R Properties of Eugene is a full-service Property Management company specializing in mid-range to high-end homes, but we work with all residential properties around Lane County.


From marketing the property, screening tenants, collecting rent and late fees, scheduling maintenance requests, and even handling difficult tenants – we have the know-how to ensure everything runs smoothly meaning less headaches for you, the homeowner.
We also stay on top of the latest landlord-tenant laws so you don't have to, including potential legal issues like eviction challenges and discrimination. 
Working with a Property Management company means less stress, more time, and added freedom, since you know your property is in good hands even if you live out of state.
Visit our website or give us a call at 541.505.9907
for more information on our Property Management services.
Because your investment is your future, we make it our focus.
Oct. 30, 2019

Unique Campsites in Oregon's Willamette Natl. Forest

Unique Campsites in Oregon's Willamette Natl. Forest
This camp provides access for equestrians to both wilderness and undeveloped roadless areas west of the Cascade crest including groves of conifers and meadows (campers without stock also welcome). Water is piped into trough for stock during the summer.
An incredibly scenic campground located on a bluff above the McKenzie River and Carmen Reservoir. It provides easy access to the McKenzie River Trail and Koosah (pictured) and Sahalie Falls.
A photographer's paradise! This high-elevation, primitive campground sits on pristine Scott Lake, where the snow capped volcanic peaks of the Three Sisters Mountains cast their reflection on clear days.
Waldo Lake is truly a gem, sitting at 5,414 feet elevation. It's one of the largest natural lakes in Oregon and one of the purest lakes in the world thanks to its lack of plant life and a ban on gasoline motors. On a calm day you can see to depths of 120 feet.