Real Estate Talk Market Update for Oregon's Mid-Willamette Valley (16 August 2008)

1. "SOLD" statistics include both SOLD and PENDING
2. Months of Inventory Calculation based on the rate of sales in the previous 90 days.

Albany

• SOLD/Pending (past 90 days) - 187
  • Average price - $213,047
  • Median Sale Price - $193,000
  • Average Days on the Market - 127
  • Average Dollar per Square Foot - $131.96
• Current Active Listings - 460
  • Average Price of Active Listings - $262,771
  • Months of Inventory - 7.38

 Corvallis

• SOLD/Pending (past 90 days) - 155
  • Average price - $299,203
  • Median Sale Price - $274,975
  • Average Days on the Market - 110
  • Average Dollar per Square Foot - $166.41
• Current Active Listings - 242
  • Average Price of Active Listings - $344,530
  • Months of Inventory - 4.68

 Lebanon

• SOLD/Pending (past 90 days) - 59
  • Average price - $163,802
  • Median Sale Price - $145,450
  • Average Days on the Market - 107
  • Average Dollar per Square Foot - $111.42
• Current Active Listings - 164
  • Average Price of Active Listings - $186,457
  • Months of Inventory - 8.34

 Saturday, August 16 - Donna Jo Merrifield (Coldwell Banker Valley Brokers) will be here to talk about the Oregon Property Buyer Advisory and Seller Disclosure requirements.

Upcoming Guests Scheduled:

 August

Thursday, August 21 / Saturday, August 23 - Kelly Gardner of Pinnacle Mortgage will be Dave's guest and the topic will be Loan Modification. This is an alternative to short sale and foreclosure for many people. Kelly will explain the options and who it works for.

Saturday, August 30 - To Be Determined

 Upcoming Show topics that I'm working to put together for you:

- 1^st Time Home buyer - Down Payment Assistance programs

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