Happy Holidays to everyone!
Here are the most recent statistics from our local Roseburg/Green area
Detached home sales! The last 30 days sees 14 total sales ranging from $136,900 to $552,000.
Average Days On Market : 103
Average List: $275,129
Average Sold: $259,880
Average SQFT: 1932
Average List price $/SQFT: $142
Average Sales price $/SQFT: $135
Sunday, December 28, 2008
Wednesday, October 8, 2008
One Month in this Area
09/8/2008 to 10/08/2008
Showing sales in all properties through the RMLS Cross Property search.
Total 105 Records!!!
That's 30 days with 105 closed sales!
I'm not talking about August sales here, not what the NAR reported on this morning... this is the month of September, we are still seeing people investing in real estate with the current bargain prices.
Questions? Contact us today! Let us help you find that good deal!
Showing sales in all properties through the RMLS Cross Property search.
Total 105 Records!!!
That's 30 days with 105 closed sales!
I'm not talking about August sales here, not what the NAR reported on this morning... this is the month of September, we are still seeing people investing in real estate with the current bargain prices.
Questions? Contact us today! Let us help you find that good deal!
We told you so....
With all the turmoil and FEAR in the world right now, it's reassuring that today's news releases support what we have been telling our clients all along!
Quoted from CNNMoney.com:
Pending home sales show surprise rise
The National Association of Realtors says pending home sales increased 7.4% from July to August; highest since June 2007.
WASHINGTON (AP) -- The National Association of Realtors says pending home rose 7.4% from July to August, an unexpected piece of positive news for the battered U.S. housing market.
The group said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007.
Wall Street economists surveyed by Thomson/IFR had predicted the index would fall to 84.9.
The index, which sunk to a record low of 83 in March, stood at 85.8 in August 2007.
We have to say it, we told you so!!! Just look at the last post on this Blog!
The good news is, those with money and those with market savvy know... When prices drop, that is when you BUY new investments! We are not licensed financial advisers, and cannot give advice... but common sense can tell you that when prices are low, and if you've ridden this slide to the bottom... wait for the turn around!
SMART money seems to be going into new real estate investments, which are undervalued, especially income properties worth holding over the long term!
Quoted from CNNMoney.com:
Pending home sales show surprise rise
The National Association of Realtors says pending home sales increased 7.4% from July to August; highest since June 2007.
WASHINGTON (AP) -- The National Association of Realtors says pending home rose 7.4% from July to August, an unexpected piece of positive news for the battered U.S. housing market.
The group said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007.
Wall Street economists surveyed by Thomson/IFR had predicted the index would fall to 84.9.
The index, which sunk to a record low of 83 in March, stood at 85.8 in August 2007.
We have to say it, we told you so!!! Just look at the last post on this Blog!
The good news is, those with money and those with market savvy know... When prices drop, that is when you BUY new investments! We are not licensed financial advisers, and cannot give advice... but common sense can tell you that when prices are low, and if you've ridden this slide to the bottom... wait for the turn around!
SMART money seems to be going into new real estate investments, which are undervalued, especially income properties worth holding over the long term!
Wednesday, August 20, 2008
Yes, we are SELLING Real Estate
Surprise! The world has not come to an end! Here are some interesting facts straight from RMLS and current to today:
12 Sales Reported Closed through RMLS
(Since 8/14/2008 10:28:59 PM to 8/20/2008 9:35:49 AM)
prices ranging from $322,000 to $7,500
What costs $7,500? A 1980 Single wide in a park in Roseburg, Clean and nice!
What about that $322,000 property? A year 1970, 2000 sq ft home with 3BR and 2 BA that was remodeled in year 2000 and "Home on almost 1 acre of seclusion. Private back yard with Koi pond water feature. In addition to 2 car garage is new 25 x 29 detached garage/shop! 30 x 50 slab with large covered patio. Lot of room for RV or boat."
Although you will see me most days earning my living at The best Community Bank in Roseburg, I am still a licensed Realtor, and I am still working with Bonnie Jenkins at G. Stiles Realty!
Give us a call, with your questions or needs!
Joy Young Gugel
For:
Bonnie Jenkins
ABR CRB CRS GRI
Principal Broker
12 Sales Reported Closed through RMLS
(Since 8/14/2008 10:28:59 PM to 8/20/2008 9:35:49 AM)
prices ranging from $322,000 to $7,500
What costs $7,500? A 1980 Single wide in a park in Roseburg, Clean and nice!
What about that $322,000 property? A year 1970, 2000 sq ft home with 3BR and 2 BA that was remodeled in year 2000 and "Home on almost 1 acre of seclusion. Private back yard with Koi pond water feature. In addition to 2 car garage is new 25 x 29 detached garage/shop! 30 x 50 slab with large covered patio. Lot of room for RV or boat."
Although you will see me most days earning my living at The best Community Bank in Roseburg, I am still a licensed Realtor, and I am still working with Bonnie Jenkins at G. Stiles Realty!
Give us a call, with your questions or needs!
Joy Young Gugel
For:
Bonnie Jenkins
ABR CRB CRS GRI
Principal Broker
Wednesday, July 2, 2008
We're Moving!
It has been an exciting time for us! We are now moving our licenses to G.Stiles Real Estate! We are just thrilled that Greg has allowed up this opportunity to be a part of and contribute to the success of G. Stiles!
More on this soon!
Joy Young Gugel
Professional Assistant
Broker
for:
Bonnie Jenkins
Principal Broker
G. Stiles Realty
Joy Young Gugel
Professional Assistant
Broker
for:
Bonnie Jenkins
Principal Broker
G. Stiles Realty
Friday, June 27, 2008
Not so Fast...
Doom & Gloom? That is all we seem to be hearing in the media these days, but I will have you know it is a fantastic time to invest in Roseburg real estate!
The interest rates remain consistently low... and over long term this will realize impressive returns on investments! Especially if you are looking to invest in rental properties! Buy a rental that can support itself now, and you will reap great rewards in the future on market and interest rates!
The FACTS? RMLS is reporting 25 total sales closing over the last SEVEN DAYS!
This is the fact, and it represents only the Roseburg Area Real Estate Market!
Doom & Gloom...??? I don't think so!
The interest rates remain consistently low... and over long term this will realize impressive returns on investments! Especially if you are looking to invest in rental properties! Buy a rental that can support itself now, and you will reap great rewards in the future on market and interest rates!
The FACTS? RMLS is reporting 25 total sales closing over the last SEVEN DAYS!
This is the fact, and it represents only the Roseburg Area Real Estate Market!
Doom & Gloom...??? I don't think so!
Monday, June 2, 2008
It's a great time to buy and invest in Roseburg Real Estate
There are many consumers strengths of the 2008 market that you might not be aware of! Take for instance: a 15-year high in seller inventories, and a near 40-year low in interest rates! Not to mention the increase in FHA availability and loan limits! Want to know more? Give us a Call!
Tuesday, May 27, 2008
Good News for Real Estate Sales!
Finally!!
Watching the morning news today and we hear good news about real estate! That's a real shocker! Of course, the "pollsters" also have conflicting numbers, it's all a matter of who you ask! My favorite source for all things real estate, is of course the National Association of Realtors!
We all must keep in mind whenever you are listening to real estate market news, that each market can have it's own ups and downs, independent of what's happening nationwide, as well.
Here are some of the out-takes I found interesting from the AP today:
"The Commerce report on new home sales showed the April rebound was led by a huge 41.7% surge in sales in the Northeast. Sales were up 8.3% in the West and 5.8% in the Midwest. The only region which saw a decline in sales in April was the South, where sales fell by 2.4%.
"The inventory of unsold new homes edged down slightly to 10.6 months' supply at the April sales pace, compared with 11.1 months in March. However, the April level was still about double the inventory level that was normal during the five-year housing boom."
"That boom ended in 2005 and since that time the housing industry has been struggling in a tough environment with falling sales and prices and rising mortgage defaults."
From the NAR:
"...a greater number of areas are showing sales gains from a year ago and a recent reversal in mortgage policy means the market is better positioned for a turnaround, according to the National Association of Realtors®."
"According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage slipped to 5.92 percent in April from 5.97 percent in March; the rate was 6.18 percent in April 2007."
"Regionally, existing-home sales in the West rose 6.4 percent in April to a level of 1.00 million but are 15.3 percent below a year ago. The median price in the West was $285,700, which is 16.7 percent lower than April 2007."
What does it all mean??? It all adds up to what we've been saying, the market is great for buyers, and starting to look better for sellers!
Give us a call! 800-860-6774
Joy Young Gugel
Broker
with:
Bonnie Jenkins
ABR CRS CRB GRI
Principal Broker
PSI Property Specialists
Watching the morning news today and we hear good news about real estate! That's a real shocker! Of course, the "pollsters" also have conflicting numbers, it's all a matter of who you ask! My favorite source for all things real estate, is of course the National Association of Realtors!
We all must keep in mind whenever you are listening to real estate market news, that each market can have it's own ups and downs, independent of what's happening nationwide, as well.
Here are some of the out-takes I found interesting from the AP today:
"The Commerce report on new home sales showed the April rebound was led by a huge 41.7% surge in sales in the Northeast. Sales were up 8.3% in the West and 5.8% in the Midwest. The only region which saw a decline in sales in April was the South, where sales fell by 2.4%.
"The inventory of unsold new homes edged down slightly to 10.6 months' supply at the April sales pace, compared with 11.1 months in March. However, the April level was still about double the inventory level that was normal during the five-year housing boom."
"That boom ended in 2005 and since that time the housing industry has been struggling in a tough environment with falling sales and prices and rising mortgage defaults."
From the NAR:
"...a greater number of areas are showing sales gains from a year ago and a recent reversal in mortgage policy means the market is better positioned for a turnaround, according to the National Association of Realtors®."
"According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage slipped to 5.92 percent in April from 5.97 percent in March; the rate was 6.18 percent in April 2007."
"Regionally, existing-home sales in the West rose 6.4 percent in April to a level of 1.00 million but are 15.3 percent below a year ago. The median price in the West was $285,700, which is 16.7 percent lower than April 2007."
What does it all mean??? It all adds up to what we've been saying, the market is great for buyers, and starting to look better for sellers!
Give us a call! 800-860-6774
Joy Young Gugel
Broker
with:
Bonnie Jenkins
ABR CRS CRB GRI
Principal Broker
PSI Property Specialists
Friday, May 23, 2008
Memorial Day Weekend!
Well, we have some not-so-hot weather, and the first big weekend of Summer on it's way!
Mostly everyone will be heading out of town to enjoy the long weekend, but sometimes we get a flood of traffic, people looking to buy a new home... if you have trouble reaching anyone this weekend, Give me a call!
I just checked our hotsheet report this morning, and we are showing a total of 28 Closed Sales for our Roseburg RMLS areas over the last 7 days! (Friday at 9:48am)
One of those sales was over 1-MILLON Dollars, six additional sales were over $300,000. I think this data shows great promise for the upcoming summer!
We want to wish you all a very happy Memorial Day weekend! Be safe, Have fun & if you're Driving, Drive Carefully!
Joy Young Gugel
Broker
With:
Bonnie Jenkins
ABR, CRB CRS, GRI
Principal Broker
PSI Property Specialists
Mostly everyone will be heading out of town to enjoy the long weekend, but sometimes we get a flood of traffic, people looking to buy a new home... if you have trouble reaching anyone this weekend, Give me a call!
I just checked our hotsheet report this morning, and we are showing a total of 28 Closed Sales for our Roseburg RMLS areas over the last 7 days! (Friday at 9:48am)
One of those sales was over 1-MILLON Dollars, six additional sales were over $300,000. I think this data shows great promise for the upcoming summer!
We want to wish you all a very happy Memorial Day weekend! Be safe, Have fun & if you're Driving, Drive Carefully!
Joy Young Gugel
Broker
With:
Bonnie Jenkins
ABR, CRB CRS, GRI
Principal Broker
PSI Property Specialists
Friday, May 16, 2008
Latest Roseburg Real Estate Market Statistics!
Well here we are in the midst of a little May heat wave! It's Wonderful!!!
This Week ending 5/16/08 at 9:44am RMLS is showing me a total of 20 Sales Closed in our local market area! I checked earlier in the week, and have been getting consistent numbers!
The new RMLS Real Estate Market action is out, and the results are promising for the Summer!
As Quoted from RMLS:
"April Residential Highlights
April 2008 results showed a 2.4% increase in closed sales compared to
April 2007. On the other hand, pending sales dropped 4.6%. New listings
also fell 20%. Inventory in months dropped to 14.2 months in April - down
from 19.6 in March."
The best news is that real estate is still selling! We aren't seeing the mortgage-market-induced inflated prices like we did in years past, prices are still on a correction path.
However, if you are looking to buy... this couldn't be a better time!
Yes, it's still a Buyer's Market!
But we have an increase in closed sales, which means Sellers also can feel good about it! The inventory of unsold homes is actually dropping as we see Sellers who weren't really motivated to sell, dropping off the boards!
When you're in the market for Excellence, Give us a call! 800-860-6774 Toll Free!
Joy Young Gugel
Broker
for:
Bonnie Jenkins, Principal Broker
ABR, CRB, CRS, GRI
This Week ending 5/16/08 at 9:44am RMLS is showing me a total of 20 Sales Closed in our local market area! I checked earlier in the week, and have been getting consistent numbers!
The new RMLS Real Estate Market action is out, and the results are promising for the Summer!
As Quoted from RMLS:
"April Residential Highlights
April 2008 results showed a 2.4% increase in closed sales compared to
April 2007. On the other hand, pending sales dropped 4.6%. New listings
also fell 20%. Inventory in months dropped to 14.2 months in April - down
from 19.6 in March."
The best news is that real estate is still selling! We aren't seeing the mortgage-market-induced inflated prices like we did in years past, prices are still on a correction path.
However, if you are looking to buy... this couldn't be a better time!
Yes, it's still a Buyer's Market!
But we have an increase in closed sales, which means Sellers also can feel good about it! The inventory of unsold homes is actually dropping as we see Sellers who weren't really motivated to sell, dropping off the boards!
When you're in the market for Excellence, Give us a call! 800-860-6774 Toll Free!
Joy Young Gugel
Broker
for:
Bonnie Jenkins, Principal Broker
ABR, CRB, CRS, GRI
Monday, May 5, 2008
The Roseburg Real Estate Market!
Well, the slowdown is official, but I can tell you that with the current interest rates and the drop in market value... this is the strongest Buyer's Market I have ever seen!
Current interest rates today 5/5/08 from Bankrate.com is 5.77% for a 30 year Fixed Mortgage!
Quoted From the RMLS March Market Action Report for ALL OF DOUGLAS COUNTY: (not just Roseburg)
"March Residential Highlights
The numbers for March 2008 compared with those of the same month in
2007 show a 16.2% drop in new listings. Closed sales also decreased 43.8%,
while pending sales fell 38.7%.
First Quarter/Year-to-Date
Comparing the first quarter of 2008 (January-March) with the same
period in 2007, new listings were down 1.5% (678 v. 688). Closed sales also
dropped 33.1% (182 v. 272) and the number of accepted offers decreased
29.5% (230 v. 326).
Appreciation
Comparing the average sale price for the 12 months ending in March
2008 with that of the 12 immediately prior, it depreciated 1.8% ($208,300
v. $212,100). On the other hand, the median sale price rose 2.8% ($185,000
v. $180,000)."
If you are thinking of Buying real estate this year, you've made a good decision!
Let us help you with all the details!
Bonnie Jenkins, Principal Broker ABR CRB, CRS, GRI
Written by:
Joy Young Gugel, Broker
Current interest rates today 5/5/08 from Bankrate.com is 5.77% for a 30 year Fixed Mortgage!
Quoted From the RMLS March Market Action Report for ALL OF DOUGLAS COUNTY: (not just Roseburg)
"March Residential Highlights
The numbers for March 2008 compared with those of the same month in
2007 show a 16.2% drop in new listings. Closed sales also decreased 43.8%,
while pending sales fell 38.7%.
First Quarter/Year-to-Date
Comparing the first quarter of 2008 (January-March) with the same
period in 2007, new listings were down 1.5% (678 v. 688). Closed sales also
dropped 33.1% (182 v. 272) and the number of accepted offers decreased
29.5% (230 v. 326).
Appreciation
Comparing the average sale price for the 12 months ending in March
2008 with that of the 12 immediately prior, it depreciated 1.8% ($208,300
v. $212,100). On the other hand, the median sale price rose 2.8% ($185,000
v. $180,000)."
If you are thinking of Buying real estate this year, you've made a good decision!
Let us help you with all the details!
Bonnie Jenkins, Principal Broker ABR CRB, CRS, GRI
Written by:
Joy Young Gugel, Broker
Tuesday, April 8, 2008
What's HOT in Roseburg Real Estate!?
Thankfully the Spring season has seen an upswing in local sales activity!
Right now we are seeing an increase in the number of new listings of the Bank REO and Forclosure types. This is great news for investors looking to buy at a discount over previous years.
Still these listings are by no means the majority of real estate for sale on our local market, they make up just a small percentage.
We are also seeing very quick market times on low-end fixer homes. It would seem there are investors still willing to do some work and invest in real estate by fixing it up for re-sale!
If you would like to see some of these bargain properties, and build your portfolio for the future, be sure to give us a call!
Joy Young Gugel, Broker
for
Bonnie Jenkins, Principal Broker
PSI Property Specialists
Right now we are seeing an increase in the number of new listings of the Bank REO and Forclosure types. This is great news for investors looking to buy at a discount over previous years.
Still these listings are by no means the majority of real estate for sale on our local market, they make up just a small percentage.
We are also seeing very quick market times on low-end fixer homes. It would seem there are investors still willing to do some work and invest in real estate by fixing it up for re-sale!
If you would like to see some of these bargain properties, and build your portfolio for the future, be sure to give us a call!
Joy Young Gugel, Broker
for
Bonnie Jenkins, Principal Broker
PSI Property Specialists
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