This information is from my weekly radio show, "Real Estate Talk with Dave Pautsch" airing every Saturday morning from 10-11 on 1580 KGAL. Check out the audio archives at www.KGAL.com/realestatetalk.asp or at my website www.DavePautschRealEstate.com (click on the link for Real Estate Talk)
Market Update for 31 March 2007
The big picture for the mid-Valley: 511 current active residential listings, with a total value of the active inventory at just under 145 MILLION dollars, and an average price of $283,000.
Corvallis
- 110 active listings - average price of $366,600
- 68 homes are priced at or above $275,000
- 40 homes between $175 and 275,000
- 2 homes priced less than $175,000.
- Since 1 January 2007 95 residential sales have closed - average price of $298,000
- Average dollar per square foot $160
- Average pace -109 days.
- Current Months of Inventory: 3.02 months of inventory, suggesting a seller's market is still in effect.
Albany
- 290 active listings - average price of $267,000
- 98 homes at or above $275,000
- 144 homes between $175 and 275,000
- 48 homes priced below $175,000
- Since January 1 2007 179 residential sales have closed - average sales price of 205,300 dollars
- Average dollar per square foot $127
- Average pace - 137 days.
- Current Months of Inventory: 6.4 months of inventory, right at the tipping point of a buyer's market.
Lebanon
- 110 active listings - average price is $236,500.
- 29 homes greater than $275,000
- 40 homes between $175 and 275,000
- 41 homes less than $175,000
- Since January 1, 2007 - 57 closed sales and an average sale price of almost $152,000
- Average $116 per square foot.
- Average pace - 101 days.
- Current Months of Inventory - 3.3 months of inventory, suggesting a seller's market
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