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The Josh Cooley Team with Keller Williams Realty Blog

Wednesday, January 17, 2018   /   by Josh Cooley

What You Should Know About the Market Right Now

I’ve got something important for you to know about the real estate market. In certain price points,
inventory is down over 100% from last year.


Buying a home? Click here to start your new home search
Selling a home? Click here for an instant home value check 




I just had a meeting with my team and reviewed some numbers. We saw something that was really important for you to know about if you’re thinking of buying or selling in the Eugene market anytime soon.
 
Here’s the news. When comparing the first week of this year with the first year of 2017, inventory is up over 400%! That’s a big deal. Here’s how the inventory changes break down by price point:



For homes priced between $150,000 and $200,000, inventory is actually down by 161%.
For homes priced between $225,000 and $225,000, inventory is down by 21%.
For homes priced between $300,000 and $450,000, inventory is up 20%.
For homes priced between $25,000 and $475,000 ...

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  real estate

Wednesday, December 13, 2017   /   by Josh Cooley

Are Zestimates a Reliable Way to Determine Home Value?

Buying a home? Click here to start your new home search
Selling a home? Click here for an instant home value check 



Recently, I got an email from a client containing a few questions about home valuations and, specifically, about the Zillow Zestimate.
 
The client’s first question was: What is a Zestimate?
 
To answer that question, a Zestimate is not an estimate, it isn’t an appraisal, and it isn’t even an accurate home valuation. It’s simply a number the website assigned to your home based on your home’s size, zip code, and other metrics that may or may not matter.
 
This client also asked: On average, how far off is Zillow in determining value?
 
While sometimes the Zestimate can be accurate, most of the time it is off by about 20%. Whether or not you should use the Zestimate depends on whether you’re simply looking at the tool for fun or if you’re serious about understanding a home’s value. ...

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  real estate

Monday, December 4, 2017   /   by Josh Cooley

A Look Back at the 2017 Real Estate Market

Buying a home? Click here to start your new home search
Selling a home? Click here for an instant home value check 



It’s time to take a look back on the 2017 real estate market as the year winds down to an end.


The 2017 real estate market ended up fairly strong, but not as strong as it started. With limited supply in the first quarter, prices soared.


The largest month-over-month increase in sales price came in March and April, where the increases were 6.3% and 8.2%, respectively. Therefore, an annual appreciation of 6.5% doesn’t sound as impressive by comparison.


Retrospectively, the 2016 and 2017 real estate markets were much more similar than was predicted. There were 5,163 sales in 2016 here in Lane County. The number of sales for 2017 is expected to be about the same once the final figures come in.


The number of homes listed in 2016 and 2017 also ended up being very similar. The same can also be said of the number of homes sold. How ...

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  real estate

Tuesday, October 24, 2017   /   by Josh Cooley

The Benefits of Listing This Fall

Buying a home? Click here to start your new home search
Selling a home? Click here for an instant home value check 





Is listing your home in the fall a good idea?



Let me share a couple of statistics I saw earlier this week. The Census Bureau and the National Association of Realtors both recently stated that inventory is at an all-time historic low. There are 50% fewer homes on the market than there were in 2006. 



This low inventory means that sellers don’t have as much competition. Someone who is in the market for a new home will have fewer options to choose from at this time of year, which puts your property in a much better position.



However, buyers shouldn’t feel discouraged either. There may be less choice, but there’s also less competition on the market. Now may be a preferable time to make an offer without worrying about other buyers.



But, obviously everyone’s situation is different. Whether or not you sho ...

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  real estate

Monday, October 9, 2017   /   by Marsha Westling

Tips to Get the Most Money From Your Home Sale

Buying a home? Click here to start your new home search
Selling a home? Click here for an instant home value check 




Today we’re going to talk about tips to get sellers the largest sum of money when they sell their home.



We would be happy to share all seven tips we have, but for now, here are the first four, plus a bonus tip.




Do not over-upgrade your home. If you haven’t seen the inside of your neighbor’s home or don’t know what upgrades they’ve done, hold off on your own upgrades until you have. We don’t want you to put too much money into your home, only then to have buyers and appraisers look at your home and decide that it is over-built. If you want to get paid back when you make upgrades, don’t sink too much money into those projects up front.


Make sure your home is available for showings. Keep your home clean and ready to be shown with a couple hours’ notice. One of the top things a seller can do ...

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  real estate