Jessica Johnston - North Gilham Neighborhoods - February 2021

Jessica Johnston

4710 Village Plaza Loop Suite #200 Eugene, OR 97401

Real Estate Broker, Listing Specialist

NORTH GILHAM NEIGHBORHOODS

C: 541-913-6541 O: 541-345-8100 JessicaJohnston@remax.net JessicaJohnston.Remax.com www.NorthGilhamHomes.com

REAL ESTATE MARKET REPORT | FEBRUARY 2021

INTEGRITY Each Office is Independently Owned and Operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2021

Get the Current Value of Your Home at www.NorthGilhamHomes.com!

NORTH GILHAM

NEIGHBORHOODS 2020 Real Estate Year-End Review

34 Total Sales

SOLD PRICE

+48,251 from 2019

$299K $627K $990K Low

Average

SOLD PRICE PER SQ. FT.

High

+13.38% from 2019

$247

$370

Low

Average

High

SOLD

$179

4

99.5% AVERAGE SOLD PRICE/ LIST PRICE RATIO LOW: 91.9% | HIGH: 102.7%

Days Faster than 2019

Average: 38 | Low: 0 | High: 142

PRESENTED BY JESSICA JOHNSTON YOUR NORTH GILHAM NEIGHBORHOODS REAL ESTATE SPECIALIST

North Gilham Neighborhoods Homeowner, Your North Gilham Neighborhood communities had a fantastic year, with increases in several key market indicators. The demand for your community remains high with current inventory pointing to a seller’s market. Now is a great time to consider listing your home and taking advantage of the upward trends. If you are thinking about selling, contact me 541-913-6541.

Data based on listings from RMLS from January 1st to December 31st, 2019 and 2020. Information deemed accurate but not guaranteed.

PREPARED ESPECIALLY FOR

NORTH GILHAM NEIGHBORHOODS HOMEOWNER

Jessica Johnston

NORTH GILHAM NEIGHBORHOODS

INTEGRITY

Real Estate Broker Listing Specialist

REAL ESTATE MARKET REPORT North Gilham Neighborhoods Homeowner, If you would like your home featured in this publication and mailed to the North Gilham neighborhoods, please call me today at 541-913-6541.

C: 541-913-6541 O: 541-345-8100 JessicaJohnston@remax.net JessicaJohnston.Remax.com www.NorthGilhamHomes.com

North Gilham Neighborhoods Homes Currently Active

Connect with me on

H A L L O F FA M E

Top 1% of Lane County Realtors®

Bedrooms

Total Baths

Estimated Square Feet*

List Price**

Ashbury Drive

3

2.0

2,300

$550,000

Lathen Way

3

2.1

2,600

$725,000

Park View Drive

4

3.0

3,200

$949,000

Status

Street Name

Active Active Active

Jessica Johnston, Your North Gilham Neighborhoods Real Estate Expert!

2021 Housing Forecast

+7.0% Home sales are going up

Strong demand and more homes hitting the market equal a healthy rate of growth.

+5.7% Home prices will hit new heights

65.9% Homeownership Rate

MORTGAGE RATES ON THE MOVE

THE RISE OF THE MILLENNIALS

by end of 2021

No longer just dominating the entry-level market, millennials are now taking over as “move up” buyers as they have children and need more space.

3.4%

North Gilham Neighborhoods Homes Currently Pending Bedrooms

Total Baths

Estimated Square Feet*

List Price**

Sterling Woods Drive

3

2.0

1,600

$490,000

Pending

Nestucca Loop

3

2.1

1,900

$505,000

Pending

Nestucca Loop

4

2.1

2,200

$520,000

Pending

Lathen Way

3

3.0

1,900

$599,000

Pending

Sterling Park Place

3

2.0

1,900

$609,000

Pending

Meadow View Drive

4

3.1

4,100

$925,000

Status

Street Name

Pending

North Gilham Neighborhoods Homes Sold in the Past 6 Months Bedrooms

Total Baths

Estimated Square Feet*

List Price**

Sold Price**

Sold Date

2210 Comstock Avenue

4

2.1

3,000

$690,000

$691,000

12/23/20

Sold

2263 Comstock Avenue

4

2.1

2,400

$650,000

$650,000

11/30/20

Sold

3872 Meadow View Drive

5

2.1

2,900

$675,000

$664,000

11/24/20

Sold

1971 Bungalow Crossing Lane

3

2.1

2,100

$595,000

$590,000

11/23/20

KEY HOUSING TRENDS IN 2021

Sold

1577 Nestucca Avenue

3

2.1

1,900

$470,000

$470,000

11/19/20

MILLENNIALS AND GEN-Z

Sold

3561 Walton Lane

4

3.2

3,700

$795,000

$795,000

11/13/20

Sold

2033 Bungalow Crossing Lane

3

2.1

2,500

$665,000

$665,000

10/22/20

Sold

2298 Avengale Drive

4

3.1

3,600

$795,000

$770,000

10/06/20

Sold

3750 Waterbrook Way

3

2.2

3,000

$788,000

$790,000

09/21/20

A recent survey said that lower mortgage rates enabled these buyers to change their home search toward a larger home.

Status

Address

Sold

REMOTE WORK

Sold

3473 Sterling Woods Drive

4

2.2

2,500

$665,000

$677,000

09/20/20

Despite high expectations of returning to the office, remote workers are choosing properties with dedicated office space.

Sold

3779 Marcella Drive

4

2.1

2,600

$645,000

$656,000

09/18/20

Sold

3467 Quail Meadow Way

4

3.0

2,400

$745,000

$745,000

08/25/20

SUBURBAN MIGRATION

Sold

2030 Meadowood Drive

3

2.0

1,700

$450,000

$450,000

08/18/20

Home shoppers are looking for an affordable space to shelter, work, learn, and live and are reporting increases in willingness to have a commute to work.

Sold

1622 Sand Trap Lane

4

3.1

5,000

$985,000

$990,000

08/03/20

Sold

3628 Sterling Woods Drive

4

2.1

2,200

$475,000

$475,000

07/31/20

Sold

1786 River Pointe Loop

4

3.0

2,700

$625,000

$600,000

07/29/20

Sold

3828 Mirror Pond Way

4

2.1

3,900

$775,000

$760,000

07/28/20

Sold

3540 Gilham Road

3

1.1

1,500

$299,000

$299,000

07/24/20

Sold

2187 Lathen Way

4

2.1

2,200

$570,000

$570,000

07/24/20

Sold

2175 Lathen Way

3

3.0

1,900

$480,000

$493,000

07/22/20

North Gilham Neighborhoods Homeowner, Homes in North Gilham Neighborhoods are in high demand! If you are considering a move, call me today at 541-913-6541 to take advantage of these new trends.

Published by Danielle Hale, Realtor.com on December 2nd, 2020

Jessica Johnston, RE/MAX Integrity, and The RE/MAX Collection are not in any way affiliated with North Gilham Neighborhoods Owners Association, nor is this in any way an official advertisement or publication of North Gilham Neighborhoods. © 2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the RMLS between July 19th, 2020 and January 19th, 2021. Listings and sales may not be those of RE/MAX Integrity. The RMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates numbers that have been rounded to the nearest 100. **Indicates numbers that have been rounded to the nearest 1,000.