With all the interest in short sales and foreclosed properties in Eugene – Springfield, I decided to take a look at the sales statistics for 2010. Normal, non-distressed, sales comprised about 3 out of 4 sales in Lane County.
Bank owned properties, also called REO (real estate owned) and foreclosures, were a little more common than 1 in 6 sales in Lane County. Short sales were 8 % of last year’s sales, or fewer than 1 in 10.
With distressed sales making up 1 in 4 sales in Lane County in 2010, it still makes them far more frequent than in years past. It was and still remains a buyers market in Eugene and Springfield, Oregon.