Albany

  SOLD (past 90 days) - 105

• Average price - $172,377
• Median Sale Price - $169,900
• Average Days on the Market - 141
• Average Dollar per Square Foot - $107.89

  Current Active Listings - 365

• Average Price of Active Listings - $200,711
• Months of Inventory - 10.43

  Pending/Contingent Sales - 62 / Value $10.2 million

• Total Contingent- 26
• Total Pending - 36

Corvallis

  SOLD (past 90 days) - 100

• Average price - $283,815
• Median Sale Price - $253,850
• Average Days on the Market - 108
• Average Dollar per Square Foot - $161.26

  Current Active Listings - 249

• Average Price of Active Listings - $328,646
• Months of Inventory - 7.47

  Pending/Contingent Sales - 39 / Value $10.3 million

• Total Contingent- 31
• Total Pending - 8

Lebanon

  SOLD (past 90 days) - 39

• Average price - $121,659
• Median Sale Price - $109,900
• Average Days on the Market - 117
• Average Dollar per Square Foot - $82.89

  Current Active Listings - 160

• Average Price of Active Listings - $153,702
• Months of Inventory -12.31

  Pending/Contingent Sales - 37 / Value $5.2 million

• Total Contingent- 18
• Total Pending - 19

Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).

For more information, contact Dave at realestatetalk@kgal.com

Albany

  SOLD (past 90 days) - 101

• Average price - $171,957
• Median Sale Price - $168,000
• Average Days on the Market - 142
• Average Dollar per Square Foot - $107.72

  Current Active Listings - 370

• Average Price of Active Listings - $202,562
• Months of Inventory - 10.99

  Pending/Contingent Sales - 61 / Value $10.0 million

• Total Contingent- 27
• Total Pending - 34

Corvallis

  SOLD (past 90 days) - 99

• Average price - $286,691
• Median Sale Price - $262,000
• Average Days on the Market - 118
• Average Dollar per Square Foot - $161.20

  Current Active Listings - 246

• Average Price of Active Listings - $332,031
• Months of Inventory - 7.45

  Pending/Contingent Sales - 42 / Value $11.0 million

• Total Contingent- 32
• Total Pending - 10

Lebanon

  SOLD (past 90 days) - 36

• Average price - $119,961
• Median Sale Price - $87,500
• Average Days on the Market - 111
• Average Dollar per Square Foot - $80.71

  Current Active Listings - 157

• Average Price of Active Listings - $153,897
• Months of Inventory -13.08

  Pending/Contingent Sales - 39 / Value $5.5 million

• Total Contingent- 21
• Total Pending - 18

* Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).

For more information, contact Dave at realestatetalk@kgal.com

Albany

  SOLD (past 90 days) - 102

• Average price - $172,335
• Median Sale Price - $168,950
• Average Days on the Market - 141
• Average Dollar per Square Foot - $107.28

  Current Active Listings - 387

• Average Price of Active Listings - $204,656
• Months of Inventory - 11.38

  Pending/Contingent Sales - 62 / Value $10.1 million

• Total Contingent- 24
• Total Pending - 38

Corvallis

  SOLD (past 90 days) - 112

• Average price - $288,368
• Median Sale Price - $253,850
• Average Days on the Market - 127
• Average Dollar per Square Foot - $161.44

  Current Active Listings - 251

• Average Price of Active Listings - $330,998
• Months of Inventory - 6.72

  Pending/Contingent Sales - 46 / Value $11.8 million

• Total Contingent- 34
• Total Pending - 12
  

Lebanon

  SOLD (past 90 days) - 41

• Average price - $121,707
• Median Sale Price - $109,900
• Average Days on the Market - 115
• Average Dollar per Square Foot - $85.14

  Current Active Listings - 167

• Average Price of Active Listings - $152,008
• Months of Inventory -12.22

  Pending/Contingent Sales - 36 / Value $5.1 million

• Total Contingent- 20
• Total Pending - 16

* Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).

For more information, contact Dave at realestatetalk@kgal.com

Albany

  SOLD (past 90 days) - 106

• Average price - $174,641
• Median Sale Price - $170,450
• Average Days on the Market - 145
• Average Dollar per Square Foot - $107.61

  Current Active Listings - 386

• Average Price of Active Listings - $204,894
• Months of Inventory - 10.92

  Pending/Contingent Sales - 63 / Value $10.5 million

• Total Contingent- 21
• Total Pending - 42

Corvallis

  SOLD (past 90 days) - 120

• Average price - $290,756
• Median Sale Price - $253,850
• Average Days on the Market - 126
• Average Dollar per Square Foot - $160.97

  Current Active Listings - 264

• Average Price of Active Listings - $325,738
• Months of Inventory - 6.6

  Pending/Contingent Sales - 40 / Value $10.9 million

• Total Contingent- 29
• Total Pending - 11

Lebanon

  SOLD (past 90 days) - 47

• Average price - $121,295
• Median Sale Price - $109,900
• Average Days on the Market - 118
• Average Dollar per Square Foot - $86.88

  Current Active Listings - 172

• Average Price of Active Listings - $151,788
• Months of Inventory -10.98

  Pending/Contingent Sales - 30 / Value $4.5 million

• Total Contingent- 18
• Total Pending - 12

* Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).



For more information, contact Dave at realestatetalk@kgal.com.

Albany

  SOLD (past 90 days) - 109

• Average price - $176,371
• Average Days on the Market - 142
• Average Dollar per Square Foot - $110.32

  Current Active Listings - 384

• Average Price of Active Listings - $205,961
• Months of Inventory - 10.57

  Pending/Contingent Sales - 66 / Value $11.0 million

• Total Contingent- 21
• Total Pending - 45

Corvallis

  SOLD (past 90 days) - 123

• Average price - $286,582
• Median Sale Price - $249,900
• Average Days on the Market - 129
• Average Dollar per Square Foot - $163.14

  Current Active Listings - 262

• Average Price of Active Listings - $326,031
• Months of Inventory - 5.82

  Pending/Contingent Sales - 44 / Value $11.8 million

• Total Contingent- 29
• Total Pending - 15

Lebanon

  SOLD (past 90 days) - 47

• Average price - $118,742
• Median Sale Price - $90,000
• Average Days on the Market - 116
• Average Dollar per Square Foot - $85.60

  Current Active Listings - 172

• Average Price of Active Listings - $151,788
• Months of Inventory -10.98

  Pending/Contingent Sales - 30 / Value $4.6 million

• Total Contingent- 18
• Total Pending - 12

* Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).



For more information, contact Dave at realestatetalk@kgal.com

Albany

  SOLD (past 90 days) - 123

• Average price - $174,857
• Average Days on the Market - 135
• Average Dollar per Square Foot - $112.92

  Current Active Listings - 383

• Average Price of Active Listings - $206,129
• Months of Inventory - 9.34

  Pending/Contingent Sales - 60 / Value $10.4 million

• Total Contingent- 21
• Total Pending - 39

Corvallis

  SOLD (past 90 days) - 131

• Average price - $284,785
• Median Sale Price - $250,000
• Average Days on the Market - 130
• Average Dollar per Square Foot - $162.71

  Current Active Listings - 254

• Average Price of Active Listings - $328,868
• Months of Inventory - 5.82

  Pending/Contingent Sales - 43 / Value $11.2 million

• Total Contingent- 30
• Total Pending - 13

Lebanon

  SOLD (past 90 days) - 48

• Average price - $124,981
• Median Sale Price - $118,475
• Average Days on the Market - 117
• Average Dollar per Square Foot - $89.36

  Current Active Listings - 174

• Average Price of Active Listings - $150,697
• Months of Inventory -10.88

  Pending/Contingent Sales - 27 / Value $4.1 million

• Total Contingent- 10
• Total Pending - 17

Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).



For more information, contact Dave at realestatetalk@kgal.com

Albany

  SOLD (past 90 days) - 132

• Average price - $171,678
• Average Days on the Market - 134
• Average Dollar per Square Foot - $112.97

  Current Active Listings - 403

• Average Price of Active Listings - $208,061
• Months of Inventory - 9.16

  Pending/Contingent Sales - 66 / Value $11.9 million

• Total Contingent- 25
• Total Pending - 41

Corvallis

  SOLD (past 90 days) - 134

• Average price - $276,550
• Median Sale Price - $244,375
• Average Days on the Market - 126
• Average Dollar per Square Foot - $161.29

  Current Active Listings - 264

• Average Price of Active Listings - $328,255
• Months of Inventory - 5.91

  Pending/Contingent Sales - 45 / Value $12.9 million

• Total Contingent- 30
• Total Pending - 15

Lebanon

  SOLD (past 90 days) - 51

• Average price - $122,913
• Median Sale Price - $115,000
• Average Days on the Market - 108
• Average Dollar per Square Foot - $87.68

  Current Active Listings - 176

• Average Price of Active Listings - $151,237
• Months of Inventory -10.35

  Pending/Contingent Sales - 30 / Value $4.6 million

• Total Contingent- 12
• Total Pending - 18

Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).



For more information, contact Dave at realestatetalk@kgal.com

My 14 year old daughter is trying out for the High School Girl's Volleyball team.  She's been playing competitive (sort of) volleyball since 4th grade, but she never played "Club" ball.  She loves volleyball, but is somewhat challenged by genetics (she's not tall...my fault I'm sorry to say), however she is a very coach-able athlete.  I wanted to be a good and encouraging Dad, but with such a competitive field this year I was concerned that she wouldn't make the team - and that it could be devastating to her.  This is where she taught ME a lesson:

Me: "So kiddo...how are you feeling about tryouts?"

Lindz: "Pretty good I guess."

Me: (nervously) "Well, you know I'm your biggest cheerleader, but I was wondering, you know..."

Lindz: (interrupting) "Don't worry Dad.  I'm fine if I don't make it.  Honestly, I'm almost hoping I don't make it, cuz I want to play tennis anyway."

Me: "Well, why are you trying out then?"

Lindz: "Duh, I'd LIKE to make the team, I have to try at least.  But if I don't I'll be ok."

So, here are the lessons I learned:

1. Have a realistic self-assessment

2. Try your hardest so that you will be satisfied with whatever outcome is beyond your control

3. Have a back-up plan

Sound advice I think.  Have a great day and enjoy the sunshine!

Most people believe that their home is the largest 'INVESTMENT' they will ever make.  But I don't believe that owning a home is the same as investing in real estate.  Your home is your home - and you pay for it every month.  Now, it may pay you back at some point down the road - and many people have indeed profited from individual home ownership - but the fact remains that on a month to month basis, your home is where you live and not an investment.

So, does that mean that real estate investing is only for the rich and powerful?  Heck no.  Here are 3 ways that the average Joe can make some money in real estate today.

Buy Low (presumes that you have the time frame to be able to sell HIGH later) - Today's real estate market represents an opportunity to do just that.  With the high volume of foreclosure properties on the market today it IS possible to buy homes well below the "market" price - and the "market" is bouncing along the bottom now anyway. Making a purchase that gives you instant equity in the home, and having the ability to hold onto it and sell after the engine of appreciation provides you additional profits is a good investment strategy, wouldn't you agree?  Now, what you DO with this property can make you more money too (live in it - rent it - flip it).  Owner occupied properties purchased below value at today's interest rates (4.5% for 30 years!)

*** Too many people have been the subject of foreclosure and short sales.  Regrettably, that has placed many really nice, responsible people into a situation where they cannot make another home purchase for a few years in the future.  Remember, many of these people had one bad month or some other set of circumstances beyond their control.  They would be EXCELLENT renters - and they want to live in a decent, single-family type home.  Many of them have the income to support that too!  That sets up the potential for:

Creating positive cash flow - Buying a rental property at a great price, at today's interest rates (remember, down payment requirements for investment properties are going to be higher than owner occupied) could give you that opportunity.  Example:  Duplex property - Sale price $220,000.  2 bedroom side - rents for $700 / month; 3 bedroom side rents for $950 / month.  Seller pays some utilities (about $26/month expense).  With 25% down (about $55,000 including closing costs) and the monthly payment (with taxes and insurance) is about $1200 a month.  Net positive cash flow of $450 a month.

IMAGINE owning 4 or 5?  Hey - hold them long enough and they're paid off which makes ALL the cash flow positive!

Flipping properties - The hardest thing to do with out a team of folks to do the repairs!  But there are certainly some challenged properties on the market which can be picked up for a song.  Putting some hard work and materials in (if you can do so cost effectively) can net you a great ROI!

Purchased for $75,000 - $28,000 in repairs and upgrades - Sold for $120,000 - Account for carrying costs, closing expenses, commissions...Net profit of $12,000 in just over 3 months!

So, what does a real estate investor look like?  Look in the mirror - with the potential for annualized returns of over 7-20% possible in this market, the long term opportunities...it may make more sense than that roller coaster stock market!  Ask a real estate agent you like and trust to help you determine if its right for you.

Albany

  SOLD (past 90 days) - 141

• Average price - $174,111
• Median Sale Price - $165,000
• Average Days on the Market - 131
• Average Dollar per Square Foot - $114.36

  Current Active Listings - 403

• Average Price of Active Listings - $206,469
• Months of Inventory - 8.57

  Pending/Contingent Sales - 69 / Value $12.6 million

• Total Contingent- 27
• Total Pending - 42

Corvallis

  SOLD (past 90 days) - 136

• Average price - $267,753
• Median Sale Price - $238,075
• Average Days on the Market - 116
• Average Dollar per Square Foot - $159.58

  Current Active Listings - 260

• Average Price of Active Listings - $332,706
• Months of Inventory - 5.74

  Pending/Contingent Sales - 49 / Value $15.1 million

• Total Contingent- 32
• Total Pending - 17

Lebanon

  SOLD (past 90 days) - 55

• Average price - $128,213
• Median Sale Price - $126,000
• Average Days on the Market - 116
• Average Dollar per Square Foot - $88.77

  Current Active Listings - 169

• Average Price of Active Listings - $154,865
• Months of Inventory -9.22

  Pending/Contingent Sales - 35 / Value $5.7 million

• Total Contingent- 17
• Total Pending - 18

Are you a First Time Home Buyer? Do you want to participate in Real Estate Talk? Dave is looking for someone to go through the process "on the air" by working with him, and letting the listeners know how things are going throughout the entire process. The person(s) selected will receive some nice gifts as a way of saying "thank you." Jay Chase Inspections will provide the Pest and Dry Rot Inspection at no charge to the buyer(s) selected for this program. Corvallis Moving and Storage will provide the Local Move (packing not included).



For more information, contact Dave at realestatetalk@kgal.com.