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 | JULY 2020
INTEGRITY Each Office is Independently Owned and Operated. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2020
Get the Current Value of Your Home at www.NorthGilhamHomes.com!
THE SELLING FRENZY IS COMING NOW IS THE TIME TO GET YOUR HOME READY TO SELL!
MARKET FACTORS Prior to COVID-19, the housing market showed signs of a hot spring season. The pre-pandemic market strength gives many experts hope that losses are temporary. The comeback is expected to be quick. With historically low interest rates, home buyers and investors will start buying at the first signs of normality. This will only delay spring purchasing, setting the stage for a frenzy this summer.
RESILIENCE During four of the last five recessions, home prices continued to increase. The only exception was in 2008; however, this was triggered by real estate itself. While the housing crisis is still fresh on our minds, the U.S. housing market has weathered all other recessions since 1980. Traditionally, the housing market actually aids the economy in recovering from recessions.
ALWAYS ESSENTIAL What separates the stability of the housing market from other economic indicators like the stock market? It comes down to need. People will always need a place to live. After regulations lift, there will certainly be hesitant buyers, but there will also be those patiently waiting to enter the market and take advantage of low interest rates. Life itself is not paused, and large life events haven’t stopped.
North Gilham Neighborhoods Homeowner, Timing is critical to take advantage of the coming market. Waiting will be too late - it’s important to stand out. Call me to help get your home ready; it’s what I do best! 541-913-6541.
PRESENTED BY JESSICA JOHNSTON YOUR NORTH GILHAM NEIGHBORHOODS REAL ESTATE SPECIALIST
PREPARED ESPECIALLY FOR
NORTH GILHAM NEIGHBORHOODS HOMEOWNER
Jessica Johnston
NORTH GILHAM NEIGHBORHOODS
INTEGRITY
Real Estate Broker Listing Specialist
C: 541-913-6541 O: 541-345-8100 JessicaJohnston@remax.net JessicaJohnston.Remax.com www.NorthGilhamHomes.com
REAL ESTATE MARKET REPORT H A L L O F FA M E
North Gilham Neighborhoods Homes Currently Active
2016 - 2018
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Top 1% of Lane County Realtors® Jessica Johnston, Your North Gilham Neighborhoods Real Estate Expert!
Bedrooms
Total Baths
Estimated Square Feet*
List Price**
Meadowood Drive
3
2.0
1,700
$465,000
Active
Lathen Way
4
2.1
2,200
$570,000
Active
Sterling Woods Drive
4
2.2
2,500
$665,000
Active
Quail Meadow Way
4
3.0
2,400
$745,000
Active
Mirror Pond Way
4
2.1
3,900
$795,000
Active
Meadow View Drive
3
3.1
4,100
$799,000
Status
Street Name
Active
North Gilham Neighborhoods Homes Currently Pending Bedrooms
Total Baths
Estimated Square Feet*
List Price**
Gilham Road
2
1.0
900
$215,000
Pending
Torr Avenue
3
2.0
1,600
$430,000
Pending
Sterling Woods Drive
4
2.1
2,200
$475,000
Pending
Lathen Way
3
3.0
1,900
$480,000
Pending
Sterling Woods Drive
4
3.0
2,300
$579,000
Active
River Pointe Loop
4
3.0
2,700
$625,000
Pending
Norwich Avenue
6
4.1
3,400
$749,000
Pending
Bungalow Crossing Lane
4
3.1
2,700
$795,000
Status
Street Name
Pending
North Gilham Neighborhoods Homes Sold in the Past 6 Months
WHAT IS YOUR HOME WORTH THIS SUMMER? Now is the perfect time to assess your home’s current value and work with me to discover your home’s true selling potential.
www.NorthGilhamHomes.com | 541-913-6541
Bedrooms
Total Baths
Estimated Square Feet*
List Price**
Sold Price**
Sold Date
3646 Sterling Woods Drive
3
2.0
1,700
$470,000
$468,000
06/08/20
Sold
3756 Gilham Road
3
2.0
1,600
$430,000
$431,000
05/14/20
Sold
3731 Marcella Drive
4
2.1
3,000
$715,000
$715,000
05/08/20
Sold
3875 Sterling Woods Drive
4
3.0
2,300
$636,000
$636,000
04/16/20
Sold
3604 Gilham Road
3
1.1
1,500
$325,000
$325,000
04/10/20
Sold
2202 Torr Avenue
3
1.1
1,300
$312,000
$308,000
02/26/20
Sold
1695 Canoe Ridge Way
4
4.1
4,300
$879,000
$874,000
02/11/20
Sold
3704 Norwich Avenue
4
2.1
2,900
$675,000
$670,000
02/07/20
Sold
1930 Bungalow Crossing
3
3.0
2,200
$825,000
$825,000
01/17/20
Sold
145 Ayres Road
3
3.0
2,600
$475,000
$472,000
12/20/19
Sold
3854 Nicole Way
3
2.1
2,200
$585,000
$570,000
12/19/19
Sold
3660 Waterbrook Way
4
3.0
3,900
$750,000
$735,000
12/13/19
Status
Address
Sold
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. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the RMLS between December 10th, 2019 and June 10th, 2020. 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.