Eugene is a city of the Pacific Northwest in the U.S. state of Oregon. It is at the southern end of the Willamette Valley, near the confluence of the McKenzie and Willamette Rivers, about 50 miles (80 km) east of the Oregon Coast.
As of the 2010 census, Eugene had a population of 156,185; it is the state's second most populous city (after Portland) and the county seat of Lane County. The Eugene-Springfield, Oregon metropolitan statistical area (MSA) is the 146th largest metropolitan statistical area in the US and the third-largest in the state, behind the Portland Metropolitan Area and the Salem Metropolitan Area. The city's population for 2014 was estimated to be 160,561 by the US Census.
Eugene is home to the University of Oregon and Lane Community College. The city is also noted for its natural environment, recreational opportunities (especially bicycling, running/jogging, rafting, and kayaking), and focus on the arts. Eugene's official slogan is "A Great City for the Arts and Outdoors". It is also referred to as the "Emerald City" and as "Track Town, USA". The Nike corporation had its beginnings in Eugene. In 2021, the city will host the 18th Track and Field World Championships.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Eugene, Oregon. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Eugene, Oregon, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the West rose 7.5%, to $372,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Oregon, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Oregon.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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According to the 2010 census, Eugene's population was 156,185. The population density was 3,572.2 people per square mile. There were 69,951 housing units at an average density of 1,600 per square mile. Those age 18 and over accounted for 81.8% of the total population.
The racial makeup of the city was 85.8% White, 4.0% Asian, 1.4% Black or African American, 1.0% Native American, 0.2% Pacific Islander, and 4.7% from other races.
Hispanics and Latinos of any race accounted for 7.8% of the total population. Of the non-Hispanics, 82% were White, 1.3% Black or African American, 0.8% Native American, 4% Asian, 0.2% Pacific Islander, 0.2% some other race alone, and 3.4% were of two or more races.
Females represented 51.1% of the total population, and males represented 48.9%. The median age in the city was 33.8 years.
Eugene's largest employers are PeaceHealth Medical Group, the University of Oregon, and the Eugene School District. Eugene's largest industries are wood products manufacturing and recreational vehicle manufacturing.
Luckey's Club Cigar Store is one of the oldest bars in Oregon. Tad Luckey, Sr., purchased it in 1911, making it one of the oldest businesses in Eugene. The "Club Cigar", as it was called in the late 19th century, was for many years a men-only salon. It survived both the Great Depression and Prohibition, partly because Eugene was a dry town before the end of Prohibition.
Corporate headquarters for the employee-owned Bi-Mart corporation and family-owned Market of Choice remain in Eugene. Emporium Department Stores, which was founded in North Bend, Oregon, had its headquarters in Eugene but closed all stores in 2002.
Organically Grown Company, the largest distributor of organic fruits and vegetables in the northwest, started in Eugene in 1978 as a non-profit co-op for organic farmers. Notable local food processors, many of whom manufacture certified organic products, include Golden Temple (Yogi Tea), Merry Hempsters and Springfield Creamery (Nancy's Yogurt & owned by the Kesey Family), and Mountain Rose Herbs.
Until July 2008, Hynix Semiconductor America had operated a large semiconductor plant in west Eugene. In late September 2009, Uni-Chem of South Korea announced its intention to purchase the Hynix site for solar cell manufacturing. However, this deal fell through and as of late 2012, is no longer planned. In 2015, semiconductor manufacturer Broadcom purchased the plant with plans to upgrade and reopen it. The company abandoned these plans and put it up for sale in November 2016.
The footwear repair product Shoe Goo is manufactured by Eclectic Products, based in Eugene.
Burley Design LLC produces bicycle trailers and was founded in Eugene by Alan Scholz out of a Saturday Market business in 1978. Eugene is also the birthplace and home of Bike Friday bicycle manufacturer Green Gear Cycling.
Many multinational businesses were launched in Eugene. Some of the most famous include Nike, Taco Time, and Brøderbund Software.
In 2012, the Eugene metro region was dubbed the Silicon Shire.
According to Eugene's 2015 Comprehensive Annual Financial Report, the city's top employers are:
|#||Employer||Number of employees|
|1||PeaceHealth Medical Group||5,500|
|2||University of Oregon||5,406|
|4||City of Eugene||1,369|
|5||Springfield School District||1,283|
|7||State of Oregon||1,229|
|8||Eugene School District 4J||1,163|
|9||Lane Community College||1,009|
|10||McKenzie-Willamette Medical Center||895|