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.