Monday, October 24, 2016

Lane County September Market Update

Today I’ll compare the latest numbers from the September 2016 market to the September 2015 market. All in all, our market continues to be strong.

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What happened this last September in the Lane County real estate market?

Long story short, the market has stayed about the same in terms of home inventory. We still only have about two months of inventory in our market.

Our real estate market is still on fire!

That said, home values have changed since September of last year. Check out the complete breakdown here:

  • Hayden Bridge is up 3.7%
  • McKenzie Valley went down 5.1%
  • Pleasant Hill went up 10%
  • South Lane went up 6.2%
  • West Lane only went up 0.9%
  • Junction City went down 1.1%
  • Thurston is up 4.1%
  • Coburg is up 44.2%. Of course, not every house in Coburg appreciated that much. However, since there weren’t many home sales in that area, that is what the statistics show.
  • North Gilham went down 4%
  • Ferry St. Bridge is up 6.7%
  • Southwest Eugene is up 9.8%
  • East Eugene is up 13.8%
  • West Eugene is up 12.3%
  • Danebo takes the prize by being up 18.5%
  • River Road is up 8.1%
  • Santa Clara is up 5.1%
  • Springfield is up 5.4%
  • Mohawk Valley is down 0.1%, so that market has plateaued.

The bottom line is our real estate market is still very hot. If you have further questions about our current real estate market, just give me a call or send me an email. I would be happy to help you!

Friday, October 7, 2016

Improve Your Home’s Value by Updating Your Bathroom

Updating your bathroom is a cheap way to improve the overall value of your home. There are seven easy tips to get it into tip-top shape.

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One of the least expensive ways of improving the value of your home is by updating your bathroom. Here are seven inexpensive tips to get more bang for your buck:

  1. Paint the walls. When you paint the walls, think neutral instead of colorful. A neutral color will accent the bolder paint of your shelves, vanity, etc.
  2. Repaint the vanity with an accent color. Doing this will make it stand out better. If the vanity is too worn, you might want to consider replacing it. They only cost around $300, so it’s not a big expense.
  3. Replace the flooring. If the flooring looks really bad and doesn’t clean up well, you might want to install new linoleum that looks like wood. This is a popular modern look.
  4. Change the showerhead. There are showerheads available out there that are LED-driven and give you a dozen different spray patterns.
  5. Add shelving (if you have the room). Shelving will not only add the ability to store more things, but it will also give you the chance to accent-color those shelves to make them stand out.
  6. Hang a picture or some other decorative item on problem walls. This will draw the attention towards the decorative item, as opposed to the wall.
  7. Add lighting. This is the most important step. It’s amazing how quickly you can improve the likeability of a bathroom with lots of bright lights.

Changing the lighting to a more modern look is imperative.

If you have any more questions about improving your bathroom to add value to your home, give me a call or send me an email. I’d be happy to answer your questions.