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Eugene Oregon Real Estate Market Tips and Pointers

The House Price Index had amazing growth in the Eugene/Springfield area in 2005. The region was measured with a 21.39% increase, according to the Office of Federal Housing Enterprise Oversight (OFHEO), which was above the Portland/Vancouver area upswing of 20.38%. The real estate market is now settling out in 2006 but still appears to be one of the hottest markets on the west coast. The median home price in the Eugene / Springfield area was pegged at 227,600 with a one year increase of 18.3%.

South Eugene continues to be the most popular and highest price region in the Eugene / Springfield area. The current average listing price of 97405 in Eugene as of the week ending January 3rd, 2007 is $458,911.

There are currently about 435 Realtors in the Eugene Metro area as of the Fall of 2006. The competition and amount of agents can make it hard to decide where to turn without a recommendation from a friend, family member or co-worker. I insist that one should shop around for a real estate agent to find one that meets your needs. Plan on doing two to three interviews with potential companies and agents you might consider. Ask questions that will help you understand if the agent and company can help you find exactly what you are looking for.

We recommend using a web directory or guide to locate potential Realtors. Compile a list and review their respective web sites to help you make an informed decision. Consider factors such as investment real estate vs. home ownership for you and your family.

Dave Harrison is an operations assistant with Eugene Real Estate and works part-time for AlternativeRealtor.com.

Source: www.articlesbase.com