Lane County continues to be a great place to live and to own real estate. Prices seem to have risen from their bottom at the great recession and are steadily climbing. Combine this with very low interest rates and many are buying and selling real estate in 2013.
I admit I’m biased, but I think Lane County is the best place to be in Oregon, and Oregon is considered a great place to live and to retire. Portland was recently ranked as number 2 in the nation for desirability for places to retire, and other Oregon cities often make the list.. Lane County is probably best known for its trees, water and Ducks. Natural beauty and recreation opportunities abound, and we’re a tourist hot spot. Eugene Springfield, Oregon’s second largest city, is known for both the University of Oregon and it’s relaxed eco-friendly lifestyle. Eugene is close to everything–both 5,000 ft. mountains and the awesome Pacific Ocean are only an hour’s drive away. And, our nice local airport makes everything in the world reachable within in a day or two.
Buyers and sellers of real estate in Lane County fall into a few broad categories:
• Vacation home owners
• Regular citizens living and working here
Lane County is a popular spot for retirement. Our cost of living is relatively low and our climate is mild. Taxes aren’t unduly high. We also enjoy low crime rates. Our health care system is good and we have the largest hospital between Portland and San Francisco. We’re also soon to get a very large V.A. hospital. On balance, Lane County stacks up well against other areas for retirement.
Vacation homes are also popular in Lane County. Some folks maintain a home in the city for doing urban activities or watching Ducks games. Florence and nearby areas have many coast cabin retreats. And, the McKenzie River is known for its beauty and fishing, so has quite a few vacation homes. Of course, Eugene, Florence and the McKenzie communities also have many year round regular residents.
Many find Lane County a great place to live and work. Our property values are relatively cheap compared to other cities on the West Coast, and jobs are available, although not always plentiful. Low crime, low commute times, and good schools make Lane County appealing.
Lane County has no shortage of real estate investors and investment property. Eugene Springfield are the main markets for commercial, industrial and housing real estate. Secondary markets are Junction City, Creswell, Cottage Grove and Florence. A subset of investment properties is student housing, which is found primarily in Eugene, the place with the most students, and to a lesser extent in Springfield, due to its proximity to Eugene. Occasionally, parents will buy their U of O students houses in which to reside while at school, although this isn’t overly common. Bell Real Estate is one of Lane Counties leading property management firms, and has been locally owned since 1964; we understand rentals, commercial and investment property.
Lane County has 350,000 residents, in round numbers. It’s at the southern end of the Willamette Valley, fairly close to the 45th Parallel, which is midway between the equator and north pole. It’s known for its temperate, if somewhat rainy climate. Geography ranges from flat coastal plains, to grass & pasture lands, to vineyards, to mountainous rugged wilderness areas. Over 1/2 of the population lives in Eugene Springfield, and the population density overall in Lane County is low. Over 1/2 the county is in forest, and about 1/2 of the land is owned by the government. Town size ranges from small and barely noticeable to the second largest city in the State, Eugene.
Notable towns in Lane County include:
• Junction City
• Cottage Grove
• Oak Ridge.
When you are interested in real estate, whether buying or selling, a Realtor can be a great aid for you. Realtors know more about property, its values and idiosyncrasies than anyone else. If you are interested in real estate in Eugene Springfield, or anywhere in Lane County, Oregon, please contact me. Or you can search listings here.