Housing sales drop; prices still rise.Home sales fell in November November: see month. in Lane County, compared to a year ago, but prices continued to rise. The number of closed sales dropped 29 percent, to 295, while the number of pending sales fell 10 percent, to 317. But the average price for an existing home in Lane County rose 5 percent compared to November 2005, to $249,300. The median price rose almost 10 percent, to $225,000, meaning that half the homes sold last month sold for more than this, half for less. After the soaring soaring: see flight; glider. soaring or gliding Sport of flying a glider or sailplane. The craft is towed behind a powered airplane to an altitude of about 2,000 ft (600 m) and then released. sales - and prices - of 2005, local real estate agents have said, Lane County is back to what they consider a more normal market. In November, the highest number of home sales were in southwest Eugene Eugene, city (1990 pop. 112,669), seat of Lane co., W Oregon, on the Willamette River; inc. 1862. A processing and shipping center in a farming area, the "Emerald City" has lumbering, food-processing, and microchip and other electronics industries. , Danebo and the Cottage Grove/Creswell Dorena area, with 32, 31 and 30 sales respectively. The highest average sales prices were in the Coburg Coburg (kō`b  rk), city (1994 pop. 45,980), Bavaria, central W Germany, on the Itz River. area ($384,000), the Florentine Flor·en·tine adj. 1. Of or relating to Florence, Italy. 2. often florentine Having or characterizing a dull chased or rubbed finish. Used of gold. 3. Prepared, cooked, or served with spinach. n. area in Florence ($380,000) and southwest Eugene ($348,100). For the past 12 months, west Eugene, Pleasant Hill/Oakridge and Florence have had the highest overall appreciation in prices - more than 20 percent - compared to the previous 12-month period. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion