Dave Pautsch's Real Estate Blog

Real Estate Talk Market Update For October 7, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 11 Oct 2010 13:23:54 -0700

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

Real Estate Talk Market Update For October 2, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 04 Oct 2010 15:32:43 -0700

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

Real Estate Talk Market Update For September 25, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 27 Sep 2010 12:58:18 -0700

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

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

Real Estate Talk Market Update For September 16, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 20 Sep 2010 12:40:26 -0700

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

Real Estate Talk Market Update For September 11, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 13 Sep 2010 12:53:45 -0700

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

Real Estate Talk Market Update For September 2, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 06 Sep 2010 17:12:20 -0700

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

Real Estate Talk Market Update For August 28, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Sat, 28 Aug 2010 16:34:22 -0700

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

Lessons from my Daughter

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Tue, 24 Aug 2010 15:31:24 -0700

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!

What does a Real Estate Investor Look Like?

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Fri, 20 Aug 2010 13:37:42 -0700

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.

Real Estate Talk Market Update For August 14, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 16 Aug 2010 19:56:52 -0700

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

Real Estate Talk Market Update For August 7, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 09 Aug 2010 13:46:01 -0700

Albany

SOLD (past 90 days) - 148

Average price - $173,374
Median Sale Price - $164,500
Average Days on the Market - 123
Average Dollar per Square Foot - $114.72

Current Active Listings - 403

Average Price of Active Listings - $208,356
Months of Inventory - 8.71

Pending/Contingent Sales - 68 / Value $12.2 million

Total Contingent- 34
Total Pending - 34

Corvallis

SOLD (past 90 days) - 127

Average price - $262,227
Median Sale Price - $244,375
Average Days on the Market - 117
Average Dollar per Square Foot - $158.64

Current Active Listings - 258

Average Price of Active Listings - $331,0812
Months of Inventory - 6.09

Pending/Contingent Sales - 48 / Value $15.6 million

Total Contingent- 29
Total Pending - 19

Lebanon

SOLD (past 90 days) - 61

Average price - $130,191
Median Sale Price - $127,900
Average Days on the Market - 112
Average Dollar per Square Foot - $91.12

Current Active Listings - 173

Average Price of Active Listings - $156,471
Months of Inventory -8.51

Pending/Contingent Sales - 36 / Value $5.9 million

Total Contingent- 17
Total Pending - 19

Real Estate Talk Market Update For July 29, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 02 Aug 2010 19:30:11 -0700

Albany

SOLD (past 90 days) - 161

Average price - $176,762
Median Sale Price - $164,000
Average Days on the Market - 120
Average Dollar per Square Foot - $115.40

Current Active Listings - 417

Average Price of Active Listings - $208,939
Months of Inventory - 7.77

Pending/Contingent Sales - 69 / Value $12.1 million

Total Contingent- 36
Total Pending - 33

Corvallis

SOLD (past 90 days) - 125

Average price - $257,891
Median Sale Price - $237,350
Average Days on the Market - 119
Average Dollar per Square Foot - $158.89

Current Active Listings - 258

Average Price of Active Listings - $336,304
Months of Inventory - 6.19

Pending/Contingent Sales - 55 / Value $17.9 million

Total Contingent- 41
Total Pending - 14

Lebanon

SOLD (past 90 days) - 66

Average price - $137,701
Median Sale Price - $135,000
Average Days on the Market - 110
Average Dollar per Square Foot - $94.02

Current Active Listings - 169

Average Price of Active Listings - $159,205
Months of Inventory -7.68

Pending/Contingent Sales - 35 / Value $5.9 million

Total Contingent- 14
Total Pending - 21

Mr. and Mrs. Seller - if you really don't have to sell now - DON'T

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Wed, 28 Jul 2010 19:26:10 -0700

This is an open letter to all those who are thinking about becoming Sellers in this market.

Dear Potential Sellers;

Thank you so much for thinking of me. I am looking forward to our meeting so that I can review with you the results of my extensive market analysis, my aggressive buyer-centric marketing plan for your home, and to do what I can to help you prepare your home for a listing in this crazy market.

During the course of our meeting, which will take about an hour I have only one request of you. PLEASE do not say "Well, we don't really HAVE to sell right now" as a way to justify over-pricing your home. If you truly do not HAVE to sell right now, the smartest thing you can do is to NOT SELL RIGHT NOW. Stay in your home, and call me again 90 to 120 days before you NEED to sell.

This is not the market to dip your toe into the water, putting another listing that just won't sell in an already over-crowded market
This is not the time to overprice your home with the idea that you can always drop the price later (you either won't do it at all - or you'll do it too late)
Such a strategy will ruin your negotiating position
- Every buyer who WAS in the market for a home like yours will have bought something else.
- So, when you finally NEED to sell, your only potential buyers are the new ones coming into the market...and they will see you as DESPERATE to sell, because you've been on the market forever
You called me because of my reputation. Following this strategy will RUIN my reputation.
I work hard to build a good working relationship with my clients at the start of the listing. This strategy will jeopardize that relationship, as you will rightly blame me that no interested buyers are coming to view your home.
- And honestly, the blame IS MINE if I let you follow this course of action

As your Agent - I want to be on your side, helping you to achieve your goals. IF your goal is to sell your home for the best price and on the best terms, then we (as a team) need to pay attention to the data and think of PRICE as a marketing position. Your Listing Price represents greater than 80% of the marketing battle! The other 20% is curb appeal, staging, and effectively exposing your home to the buyers and their agents who are looking for homes (online, print, MLS, networks...).

Real Estate Talk Market Update For July 24, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 26 Jul 2010 16:00:11 -0700

Albany

SOLD (past 90 days) - 164

Average price - $177,351
Median Sale Price - $163,750
Average Days on the Market - 122
Average Dollar per Square Foot - $115.65

Current Active Listings - 427

Average Price of Active Listings - $208,666
Months of Inventory - 7.81

Pending/Contingent Sales - 63 / Value $11.0 million

Total Contingent- 32
Total Pending - 31

Corvallis

SOLD (past 90 days) - 125

Average price - $258,403
Median Sale Price - $238,250
Average Days on the Market - 121
Average Dollar per Square Foot - $159.22

Current Active Listings - 261

Average Price of Active Listings - $337,009
Months of Inventory - 6.26

Pending/Contingent Sales - 53 / Value $16.9 million

Total Contingent- 43
Total Pending - 10

Lebanon

SOLD (past 90 days) - 65

Average price - $138,790
Median Sale Price - $135,000
Average Days on the Market - 104
Average Dollar per Square Foot - $94.50

Current Active Listings - 166

Average Price of Active Listings - $159,889
Months of Inventory -7.66

Pending/Contingent Sales - 35 / Value $5.8 million

Total Contingent- 13
Total Pending - 22

Amazing Upgrades. Incredible Opportunity in SE Albany, Oregon

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Sun, 25 Jul 2010 21:05:17 -0700

Dave Pautsch | RE/MAX Integrity | davepautsch@remax.net
Primary: (541) 918-4019
Cell: (541) 990-9368
Fax: (541) 918-4064

1217 Hood St SE

$127,900

Click here to view the full details of this property.

Year Built:	1968
County:	Linn
Bedrooms:	3
Sqr Footage:	1058
Garage Spots:	1.0
Garage Desc:	1.0 car garage attached
Subdivision:	N/A
MLS Number:	630253

COMMENTS

This is a Super Sweet Deal! Nothing like it anywhere in Albany at this price. Upgrades include SS appliances, bamboo flooring, new carpet, granite counters. New roof (Jul 2010); Complete remodel inside w/ new trim, new paint, new bthrm fixtures and cabinets (granite there too!) This home is now an absolute cream-puff. Just blocks from the Albany Boys and Girls Club.

ADDITIONAL FEATURES

Inclusions: AS IS
Exclusions: NONE

Dave Pautsch
REALTOR�, MBA, CRS, Short Sale and Foreclosure Resource, Certified Distressed Property Expert
Albany
2910 Santiam Hwy SE
Albany, 97322
Email: davepautsch@remax.net

Primary: (541) 918-4019
Cell: (541) 990-9368
Fax: (541) 918-4064

Office: 541-791-2000

View My Properties

Live from the Linn County Fair in Albany Oregon

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Sun, 18 Jul 2010 13:24:48 -0700

Thursday, July 15th we spent the hour of Real Estate Talk (1580 AM KGAL) live from the Linn County Fair at the Fair and Expo Center in Albany, Oregon. Margaret Oscilia (Creative Concepts and Contracting) and Mary Hartley (Re/MAX Integrity) were my guests and for once we even had a little bit of a studio (ok, a FAIR) audience. We took some live questions and had a great time.

The overall topic was home staging and tips and tricks for sellers (under $100). Margaret, as always was an amazing guest with some great tips.

If you didn't get to hear the show; you can always listen online at the Real Estate Talk website.

Real Estate Talk Market Update For July 15, 2010 (Albany, Corvallis, Lebanon Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Fri, 16 Jul 2010 19:46:24 -0700

Albany

SOLD (past 90 days) - 178

Average price - $178,212
Median Sale Price - $163,750
Average Days on the Market - 124
Average Dollar per Square Foot - $115.68

Current Active Listings - 422

Average Price of Active Listings - $207,334
Months of Inventory - 7.11

Pending/Contingent Sales - 61 / Value $10.5 million

Total Contingent- 30
Total Pending - 31

Corvallis

SOLD (past 90 days) - 127

Average price - $261,206
Median Sale Price - $238,250
Average Days on the Market - 120
Average Dollar per Square Foot - $158.28

Current Active Listings - 259

Average Price of Active Listings - $338,073
Months of Inventory - 6.12

Pending/Contingent Sales - 49 / Value $14.9 million

Total Contingent- 38
Total Pending - 11

Lebanon

SOLD (past 90 days) - 72

Average price - $138,729
Median Sale Price - $136,550
Average Days on the Market - 104
Average Dollar per Square Foot - $95.28

Current Active Listings - 169

Average Price of Active Listings - $161,590
Months of Inventory -7.04

Pending/Contingent Sales - 30 / Value $5.0 million

Total Contingent- 12
Total Pending - 18

Real Estate Talk ReCap for 15 July 2010

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Thu, 15 Jul 2010 16:15:27 -0700

Today's show was live from Opening Day of the Linn County Fair at the Fair and Expo Center in Albany, Oregon!

My guests were fellow Active Rainer...Margaret Oscilia (Creative Concepts and Contracting) and my partner Mary Hartley. We spent most of the hour talking about tips and tricks for under $100 that home sellers can use to make their homes a little more appealing.

Check out Margaret's blog for more indepth info (she is the expert...really!) but some of the tips were:

Mr. Clean Magic Eraser
Dressing up formica-style counters with a glass backsplash
CLEAN, CLEAN, CLEAN
ReNue - wood restorer for moldings and cabinetry

We also took some questions from the audience...it was really COOL to have an audience! About 8 or 9 people showed up throughout the show to listen and a few had questions:

For Sale By Owner
Paint colors and combinations for interior AND exterior

Here's a summary of the Market Update too.

Catch the replay on Saturday in our regular 10:06 am time slot on 1580 AM KGAL (Lebanon, Albany, Corvallis Oregon) - or on the web at www.kgal.com/realestatetalk.asp

My First Flip...An adventure in knee-knocking

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Wed, 14 Jul 2010 16:55:22 -0700

As the host of Real Estate Talk on KGAL here in Oregon's mid-Willamette Valley, I recently had Armando Montelongo (Flip This House / A&E) on my show. He talked about his methodology and gave some words of experience on how to go about making money by flipping real estate. Inspired (well - not really) I came across an opportunity and am now Knee Deep in a Knee-knocking adventure!

It all started a little over a month ago when I came across a new listing for a house in a decent enough little neighborhood not too far from the Albany Boys and Girls Club. I grabbed my favorite contractor friend and we went to take a look. OH MY! This house was a hot-mess indeed - but it seemed structurally pretty sound and the price was about 40% under market value (if it was nice).

Our initial budget included such items as ($12,000):

New roof
Flooring throughout (bamboo hardwood and carpet)
New kitchen (including appliances, cabinets, and granite counters)
Paint
Repairs to siding, crawlspace p&d issues

My very brave wife and I put together a cash deal (benefits of years of savings...now on the line) and bought it. We closed on June 28th and got to work almost immediately.

Demo - Holy Cow...the roof had 3 layers (we knew that) and the dumpster alone was over $550. A complete tear out...flooring (yuck!)...the back overhang (eeewww)...and the kitchen all gone in less than 2 days.
Roof install - we picked what turned out to be 3 of the hottest days of the year so far for the roofing work. (Sorry guys!)
Where are we now? About 3 days from getting it listed in MLS. The kitchen cabinets are going in today, counter tops tomorrow, flooring by the end of the week. It's been trimmed out, painted (inside and out), repairs made to siding, roof replaced!

I'm confident that we have put together one of the nicest houses in the neighborhood - it is now a solid little GEM of a house and a great opportunity for a starter home. We just have to find THAT buyer in a very (lets call it) interesting market. I'm a little nervous, but optimistic that we've both improved the neighborhood and will make a little profit as well. I'll keep you updated.

This cute little Flip is located in Albany, Oregon at 1217 Hood St. SE.

Real Estate Talk will be LIVE from the Linn County Fair on Opening Day

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 12 Jul 2010 17:03:26 -0700

Do you have questions about the real estate market in Linn County specifically...or just buying or selling a home in general?

Do you want to find out more about preparing your home to sell? Some terrific tips that will help you "dress your home for success" for LESS than $100?

Do you like Bingo or Ice cream?

Then Opening Day of the Linn County Fair (Thursday, July 15) you should come on out and watch us broadcast Real Estate Talk (1580 AM KGAL) Live from 11:06 am to Noon. We'll be somewhere near the main entrance outside in the sunshine...Talking about Real Estate with my guests

(Fellow Active Rain Star) Margaret Oscilia of Creative Concepts and Contracting and my partner on the Foundation Team of Re/MAX Integrity, Mary Hartley.

Admission is FREE until 3pm, and after the show there's Bingo and an Ice Cream Social. It just doesn't get much better than that, does it?

There's Magic at the Fair - and you can get your real estate questions answered On the Air. (and one more rhyme...) See you THERE!

Is NOW the Right time to be "In the real estate market?" - Maybe

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 12 Jul 2010 16:42:20 -0700

Oregon is in a Strong Buyer's Market. NOW is the greatest buyer's market of our generation! Don't Wait!
Take Advantage of the Incredible Opportunity today!

You can hear many of us in the real estate profession shouting from the mountain tops and, quite honestly we all believe it to be the case. But is it REALLY? I think the answer to that question is more based on the circumstances of the INDIVIDUAL than the market. So, I submit the following 5 Point Review to decide if NOW is the right time for YOU to be in the real estate market:

Do you have the financial resources to buy a home now? (Cash assets for a down payment, closing costs, reserves)
1. Unless you are a qualified Veteran, or taking advantage of very specialized loan programs, you will need a minimum of 3.5% down payment (this may be going to 5% in the near future). In addition, consider that closing costs may also be 3-5% of the purchase price. Lastly, it is really not a smart decision to buy a home unless you have some cash reserves (over and above those already mentioned) to be able to make the mortgage payment for a few months. Most lenders recommend 6-9 months of reserves on hand, although they may require less.
How solid is your Credit Score?
1. Many loan programs and lenders have a minimum acceptable Credit Score to even qualify. Further, the better your credit score, the better the interest rate that you can qualify for. Lower interest rate makes a dramatic impact on your monthly payment.
Have you met with a lender that you like and trust to get Pre-Approved for a loan?
1. This is the FIRST step to home ownership and unless you know that you are qualified to buy, and in what general price range, it doesn’t do any good to go visit open houses or tour the town with a real estate agent. Visit with a LOCAL lender that you like and trust and provide them with the documentation they need. Once you know, you can be a powerful home shopper.
Does your list of “Wants” and “Needs” for a home have any special or unique requirements?
1. There is amazing inventory on the market right now…and lots of it. However, if you have specific needs (or wants), even with these high levels of inventory, your options may be limited. Remember, whether or not it’s a Buyer’s or a Seller’s Market depends on supply and demand. If there’s only one house out there like the one you want/need…the Seller is in the driver’s seat.
Are you planning on staying in this home for a minimum of 3-5 years?
1. The Mid-Willamette Valley housing market is a function of the economy. Recovery is on the horizon, but you should NOT count on levels of appreciation like we saw between 2001 and 2007…and even when the market does recover, it can take 3-5 years (or more) for you to see any effective appreciation in your property. If you are only in it for the short term – now may NOT be the time to buy.

Only if you can answer "YES" to all 5 questions above are you really ready to take advantage of the market today. If you can't - there are some positive steps to take to get ready because there may still be time! The housing market in Oregon is still experiencing some challenges, and will be for the near future. Keep track of the market statistics at my Facebook Fan Page for Real Estate Talk on 1580 AM KGAL

Albany Oregon is Musical in the Summer

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Thu, 08 Jul 2010 18:29:41 -0700

Albany, Oregon is my home, and the summer music programs are one of the things I like most about living here. A comfortably small town, located right on the Willamette River, and the heart of Linn County, Albany boasts a dedication to music of all kinds.

Two programs jump out...River Rhythms and Monday's @ Monteith. Both of these programs provide FREE concerts at the Monteith River Park in Historic Downtown Albany. Local restaurants set up tents, warm summer evenings sitting on your blanket, listening to great music. Yep, one of my favorite things about making my home in Albany Oregon!

2010 Schedules (for complete information go to City of Albany Parks and Recreatio n website

River Rhythms Schedule

July 8 Satin Love - Groove to the sounds of Satin Love Orchestra to start the 2010 Season
July 15 - Sawyer Brown will open the Linn County Fair (this concert is at the fairgrounds, not the park)
July 22 - Too Slim and the Taildraggers (Blues and Rock)
July 29 - Super Diamond (like Neil Diamond? This is the Surreal Neil)
August 5 - Mother Hips (Rock music)
August 12 - Joe Diffe (Country)

Mondays @ Monteith Schedule

All concerts are free
The Music starts at 7PM and usually rends about 8:30 PM
Donations are always appreciated to help keep the concert series going

Monday, July 12 The Willamette Concert Band under the direction of Dr. Richard Sorenson
Monday, July 19 Albany Swing Band featuring vocalist LeAnn Wind
Monday, July 26 The Knox Brothers Gospel Band
Monday, August 2 Misty River
Monday, August 9 Corvallis Community Band under the direction of Steve Matthes

When it Rains - It Pours! (Active Rain = More Business)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Thu, 08 Jul 2010 17:47:44 -0700

A great day yesterday at Rain Camp in Portland. If you didn't go you missed out. Not only was there plenty of good information, but a chance to put faces with names.

In my experience, people attend these events and get SUPER motivated while they are sitting in the hard chairs, drinking the coffee (and the Kool-aid). On the drive home, minds are racing with the overload of new ideas and how to implement them. By the next day, the haze begins to set in and even referring to the scribbled notes on the back of the napkin doesn't quite help you remember how EXACTLY to do that 'thing' that Ben Kinney said to do.

So, here's the difference. JUST Do it! I got home last night and did the top 3 things in my notes:

1. Signed up for Google Voice (VERY cool) Check it out...541 791 MAX1 (ok, I'm a RE/MAX agent, so it made sense)

2. Added a Facebook Fan Page for my Team (The Foundation Team)

3. Added XOBNI.com to my Outlook

I still have a few tasks to accomplish (but I'm not going to share those)...I DID however transcribe my poorly scribbled notes into something that I'll be able to read a week or so from now.

*** Ben, I'm following you on Twitter - still looking for the 10 days of pain!

It's gonna be the best year ever! Thanks ActiveRain!

Real Estate Talk Market Update For July 1, 2010 (Albany, Lebanon, Corvallis Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 05 Jul 2010 13:34:43 -0700

Albany

SOLD (past 90 days) - 179

Average price - $175,458
Median Sale Price - $162,000
Average Days on the Market - 122
Average Dollar per Square Foot - $116.05

Current Active Listings - 413

Average Price of Active Listings - $206,389
Months of Inventory - 6.92

Pending/Contingent Sales - 53 / Value $9.3 million

Total Contingent- 24
Total Pending - 29

Corvallis

SOLD (past 90 days) - 118

Average price - $262,829
Median Sale Price - $243,375
Average Days on the Market - 109
Average Dollar per Square Foot - $155.06

Current Active Listings - 255

Average Price of Active Listings - $337,825
Months of Inventory - 6.48

Pending/Contingent Sales - 45 / Value $12.8 million

Total Contingent- 34
Total Pending - 11

Lebanon

SOLD (past 90 days) - 76

Average price - $144,169
Median Sale Price - $136,800
Average Days on the Market - 108
Average Dollar per Square Foot - $99.89

Current Active Listings - 160

Average Price of Active Listings - $162,889
Months of Inventory -6.32

Pending/Contingent Sales - 30 / Value $4.7 million

Total Contingent- 12
Total Pending - 18

Real Estate Talk Market Update For June 26, 2010 (Albany, Corvallis, Lebanon Oregon)

Dave Pautsch, REALTOR, CRS (RE/MAX Integrity) — Mon, 28 Jun 2010 14:33:35 -0700

Albany

SOLD (past 90 days) - 194

Average price - $176,473
Median Sale Price - $164,000
Average Days on the Market - 124
Average Dollar per Square Foot - $116.50

Current Active Listings - 413

Average Price of Active Listings - $206,680
Months of Inventory - 6.39

Pending/Contingent Sales - 54 / Value $9.2 million

Total Contingent- 24
Total Pending - 30

Corvallis

SOLD (past 90 days) - 117

Average price - $258,891
Median Sale Price - $243,000
Average Days on the Market - 112
Average Dollar per Square Foot - $155.06

Current Active Listings - 249

Average Price of Active Listings - $336,263
Months of Inventory - 6.38

Pending/Contingent Sales - 51 / Value $14.6 million

Total Contingent- 39
Total Pending - 12

Lebanon

SOLD (past 90 days) - 79

Average price - $145,370
Median Sale Price - $136,600
Average Days on the Market - 112
Average Dollar per Square Foot - $99.89

Current Active Listings - 160

Average Price of Active Listings - $161,681
Months of Inventory -6.08

Pending/Contingent Sales - 31 / Value $4.7 million

Total Contingent- 11
Total Pending - 20