Weekly Real Estate Market Update

Existing Home Sales End Year With Solid Gain. After a slight decline last month, existing home sales, released by the National Association of Realtors (NAR), surged to near two-year high in December. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 3.6% to a seasonally adjusted annual rate of 5.54 million in December, the highest level since February 2018. On a year-over-year basis, sales were 10.8% higher than a year ago. Regionally, all regions saw an increase in existing home sales in December except for the Midwest, compared to previous month. Sales in the Midwest declined 1.5% from last month. On a year-over-year basis, sales rose in all four major regions, ranging from 8.8% in the Northeast to 12.4% in the South. The December inventory decreased to 1.40 million units from 1.64 million units in November and 1.53 million units a year ago. At the current sales rate, the December unsold inventory represents a 3.0-month supply, down from a 3.7-month supply last month and a year ago. Unsold inventory has dropped for seven consecutive months. Homes stayed on the market for an average of 41 days in December, up from 38 days last month but down from 46 days a year ago. In December, 43% of homes sold were on the market for less than a month. The December median sales price of all existing homes was $274,500, up 7.8% from a year ago, representing the 94th consecutive month of year-over-year increases. 

Full Story… http://eyeonhousing.org/2020/01/existing-home-sales-end-year-with-solid-gain/

* Average U.S. Home Seller Profits Hit $65,500 in 2019, Another New High. ATTOM Data Solution released its Year-End 2019 U.S. Home Sales Report Thursday, which shows that home sellers nationwide in 2019 realized a home price gain of $65,500 on the typical sale, up from $58,100 last year and up from $50,027 two years ago. The latest profit figure, based on median purchase and resale prices, marked the highest level in the United States since 2006 – a 13-year high. That $65,500 typical home seller profit represented a 34 percent return on investment compared to the original purchase price, up from 31.4 percent last year and up from 27.4 percent in 2017, to the highest average home-seller ROI since 2006. Both raw profits and ROI have improved nationwide for eight straight years.

Full Story…  https://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-year-end-2019-u-s-home-sales-report/

* Mortgage Rates Drop to Three-Month Low. The average U.S. fixed rate for a 30-year mortgage fell to 3.6% this week, a three-month low. That’s 5 basis points below last week and 85 basis points below the 4.45% of the same week last year, according to the Freddie Mac Primary Mortgage Market Survey. Sam Khater, Freddie Mac’s chief economist, said mortgage rates now are about a quarter of a percentage point above historic all-time lows. The low financing costs are providing a boost to housing demand, he said.“The very low rate environment has clearly had an impact on the housing market as both new construction and home sales have surged in response to the decline in rates, the rebound in the economy and improving financial market sentiment,” Khater said.

Full Story…  https://www.housingwire.com/articles/mortgage-rates-drop-to-three-month-low/

5 Tips for Staging Your Home During the Holidays

Tis the season to bring out the decorations and hang the festive lights. If your home is on the market, however, there are a few considerations to keep in mind this time of year. While it’s certainly okay to embrace the holiday spirit, the key is to do so in a way that feels luxurious. Here are a few tips for decorating your home in a way that’s sure to please any potential buyers.

Keep it Simple
“Less is more” is one of the golden rules of staging and that certainly rings true during the holidays. It’s essential not to go over the top with extravagant decorations and lighting displays, as that can be overwhelming. Instead, try going for an understated feel that’s festive and inviting without being too personalized. Remember, it’s important that your home feels appealing to as many high-end homebuyers as possible.

Holiday Curb Appeal
Greeting guests with some holiday cheer at your front door is always encouraged. If you’re the house on the block that takes pride in an elaborate display each year, you might want to rein it in this time because a simple lighting arrangement and wreath will do the trick.

Tasteful Touches
You can create a cozy ambience throughout your home with just a few touches, like a bowl of pinecones in the foyer, a garland around your banister and stockings hanging from the mantle. The dining room table can be a fun place to create a holiday centerpiece that buyers can envision themselves gathering around.

Seasonal Scents
In addition to candles and essential oils, there are other ways to capture the most alluring seasonal scents in your home, such as making your own pomander with cloves and oranges or boiling a pot of cinnamon sticks and orange peels on the stove.

Maintain Balance
When you’re decorating, it’s important to do so in a way that complements your interiors. Keep a sense of space and harmony by using colors that go well with your current palette and a tree that’s well-portioned to the size of the room.

VA, Conventional, FHA, USDA? Which Loan is Right For You?

Whether you’re a first time buyer or a seasoned home buyer, there are several loan options available. I chat with local lender Todd Zimmerman of Finance of America to breakdown the details of some of the more popular loans including FHA, USDA, VA and Conventional loans. Let’s take a quick look!

Call, text, email or contact me on my website and I’ll be happy to help you start your home search. I work with some of the best lenders in the area to make sure you’re taken care of every step of the way. Excellent customer service is at the HEART of what I do!

541-579-9213 / aimeehartwig@bhhsrep.com / aimeehartwigrealestate.com

How to Start the Lending Process

Starting the lending process is the first step to owning a home. Did you know you can buy a home with NO MONEY DOWN? Did you know that starting the lending process is FREE?

I enlist the help of an experienced lender to explain the basics of lending and common misconceptions about the home buying process.

Send me an email, text or give me a call and I will be happy to answer all of your real estate questions and recommend some of my most trusted lenders to get you on the path to homeownership.

aimeehartwigrealestate.com / 541-579-9213 / aimeehartwig@bhhsrep.com

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Real Estate Market Report – Q2

HEALTHY GAINS

The second quarter of the year marked a healthy springtime market for Eugene and Southern Oregon. New listings and active listings surged, the average for days on market narrowed in most cities and even if closed transactions inched downward, pending transactions for the second quarter showed signs of seasonal promise.

DAYS ON MARKET

Average days on market in the second quarter of 2019 was 42 days, a 6.7% decrease from year-ago figures. In Sweet Home, days on market surged 44% to 46 days, while year-over-year averages fell in Albany, Lebanon and Roseburg.

CLOSED TRANSACTIONS AND PENDING SALES

The number of closed units dropped 6% this quarter from 2018. Pending sales fared better this quarter, jumping 18.4% from the same time period in 2018. Closed transactions fell year-over-year in Albany, Roseburg Sweet Home and Leb- anon, with the latter city experiencing a 21% dip in closed sales from year-ago figures. Pending sales fared better this quarter, jumping 18.4% from the same time period in 2018.

AVERAGE SALES PRICE

Average sales price posted a moderate first quarter, up 2.6% year-over-year in the region to $300,783. Prices for homes in Corvallis were up 10% this quarter, landing at $408,960, the highest average price in the region.

NEW LISTINGS

As with most markets this quarter, Eugene and Southern Oregon saw a boost in both new and active listings. New listings soared year-over-year by 63.5% to end the quarter at 1,442.

541-579-9213 / aimeehartwig@bhhsrep.com

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The Seller Advantage

We can help you make informed decisions.

Informed Sellers Can Make Better Decisions

It’s simple math… the more people who see your listing, the greater the chances for a fair and timely sale of your property.

At Berkshire Hathaway HomeServices we have one of the industry’s most comprehensive strategies for ensuring maximum exposure of a property to buyers searching in your area.

We also keep our sellers informed about current market trends by providing them with an overview of the competitive selling landscape. This helps you, the seller, make strategic pricing decisions to quickly sell your home at an agreeable price.

Here is what you get with our Seller Advantage:

Listing Presentation Report

Our Seller Advantage program gives you the information and decision-making tools throughout the home sale process. Here’s how… Our Listing Presentation Report will show you exactly how many potential buyers are searching a specific neighborhood for homes similar to yours.

Listing Activity Report

Then, once you’ve listed with me, a Berkshire Hathaway HomeServices network agent, you will get our Listing Activity Report. This details how many times your home has appeared in potential buyers’ search results and how many times your listing has been viewed.

Market Activity Report

Last, but not least, we offer a market activity report. Perhaps your not ready to sell, but would like a sense of buyer interest in your neighborhood and in homes like yours. The Market Activity Report will show you just how many people are searching in your neighborhood for a home like yours. You’ll gain specific market updates including new listings, price changes and status changes.

Such comprehensive information, combined with the global reach that only Berkshire Hathaway HomeServices can offer, will give you unmatched advantages when you list and sell your home.

Contact me to set up your free home evaluation now. Let me help you get the most money for your investment!

Your Local Real Estate Expert

c: 541-579-9213 / e: aimeehartwig@bhhsrep.com

Your Real Estate and Lifestyle Planning Guide

A house is made of walls and beams; a home is built with love and dreams.

A home is one of the most important assets that a person will ever buy. For most, it’s their largest investment. No two people have the same lifestyle needs or financial situation. That’s why we’ve created a comprehensive workbook to help you determine your lifestyle needs and goals, review your lifestyle options and develop a lifestyle plan. Think of this as the first step on your homeownership journey.