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Table 22 and Figure 27 show median sales price for Eugene areas the same
<br />years. The table and figure show:
<br />• Housing prices increased by 20% or more in all areas between 2001
<br />and 2011.
<br />• The largest increases in median sales price were in East Eugene,
<br />with an increase of 54% ($86,000) and Ferry Street Bridge, with
<br />an increase of 44% ($68,500).
<br />• The smallest increases in median sales price were in Danebo,
<br />with an increase of 20% ($23,700), West Eugene, with an
<br />increase of 21% ($24,400), and River Road and Santa Clara, each
<br />with an increase of 23%.
<br />• Housing prices decreased in all areas by at least 10% between 2007
<br />and 2011. Areas with lower sales prices had the largest price
<br />declines, in dollars and as a percent change over the five-year
<br />period.
<br />• The largest decreases in median sales prices between 2007 and
<br />2011 were in Danebo (-33 %; -$70,300) and West Eugene (-31 %; -
<br />$62,600).
<br />• North Gilham, Ferry Street Bridge, and East Eugene saw the
<br />smallest declines in median sales prices from 2007 to 2011.
<br />Table 22. Average and median sales price, single-family dwellings, areas in Eugene,
<br />2001, 2007, and 2011
<br />Change 2001 to 2011 Change 2007 to 2011
<br />Number Percent Number Percent
<br />Area in Eugene 2001 2007 2011 of Sales Dollar Change of Sales Dollar Change
<br />Median Sales Price
<br />North Gilham
<br />$170,000
<br />$299,500
<br />$270,000
<br />1,509
<br />$100,000
<br />59%
<br />664
<br />-$29,500
<br />-10%
<br />Ferry Street Bridge
<br />$156,500
<br />$274,900
<br />$225,000
<br />3,391
<br />$68,500
<br />44%
<br />1,297
<br />-$49,900
<br />-18%
<br />East Eugene
<br />$160,000
<br />$297,500
<br />$246,000
<br />3,334
<br />$86,000
<br />54%
<br />1,222
<br />-$51,500
<br />-17%
<br />Southwest Eugene
<br />$160,000
<br />$278,000
<br />$225,000
<br />4,843
<br />$65,000
<br />41%
<br />1,787
<br />-$53,000
<br />-19%
<br />West Eugene
<br />$115,300
<br />$202,300
<br />$139,700
<br />1,539
<br />$24,400
<br />21%
<br />609
<br />-$62,600
<br />-31%
<br />Danebo
<br />$119,000
<br />$213,000
<br />$142,700
<br />4,621
<br />$23,700
<br />20%
<br />1,723
<br />-$70,300
<br />-33%
<br />River Road
<br />$128,000
<br />$219,000
<br />$157,500
<br />1,557
<br />$29,500
<br />23%
<br />544
<br />-$61,500
<br />-28%
<br />Santa Clara
<br />$155,000
<br />$255,000
<br />$189,900
<br />3,476
<br />$34,900
<br />23%
<br />1,287
<br />-$65,100
<br />-26%
<br />Average Sales Price
<br />North Gilham
<br />$195,900
<br />$335,100
<br />$289,100
<br />1,509
<br />$93,200
<br />48%
<br />664
<br />-$46,000
<br />-14%
<br />Ferry Street Bridge
<br />$179,400
<br />$307,300
<br />$247,600
<br />3,391
<br />$68,200
<br />38%
<br />1,297
<br />-$59,700
<br />-19%
<br />East Eugene
<br />$185,800
<br />$340,200
<br />$299,100
<br />3,334
<br />$113,300
<br />61%
<br />1,222
<br />-$41,100
<br />-12%
<br />Southwest Eugene
<br />$188,800
<br />$322,000
<br />$261,900
<br />4,843
<br />$73,100
<br />39%
<br />1,787
<br />-$60,100
<br />-19%
<br />West Eugene
<br />$125,700
<br />$217,900
<br />$152,700
<br />1,539
<br />$27,000
<br />21%
<br />609
<br />-$65,200
<br />-30%
<br />Danebo
<br />$119,300
<br />$209,500
<br />$136,900
<br />4,621
<br />$17,600
<br />15%
<br />1,723
<br />-$72,600
<br />-35%
<br />River Road
<br />$130,400
<br />$227,800
<br />$160,200
<br />1,557
<br />$29,800
<br />23%
<br />544
<br />-$67,600
<br />-30%
<br />Santa Clara
<br />$159,800
<br />$277,700
<br />$199,600
<br />3,476
<br />$39,800
<br />25%
<br />1,287
<br />-$78,100
<br />-28%
<br />Source: Multiple Listing Service (MLS), Analysis by ECONorthwest
<br />Page 84 ECONorthwest Part 11 - Eugene Housing Needs Analysis
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