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Real Estate Talk Market Update for 13 September 2008 (Albany, Lebanon, Corvallis Oregon)

By
Real Estate Agent with RE/MAX Integrity

(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) - 185

o Average price - $210,497

o Median Sale Price - $185,000

o Average Days on the Market - 134

o Average Dollar per Square Foot - $128.89

¨ Current Active Listings - 449

o Average Price of Active Listings - $259,417

o Months of Inventory - 7.28

Corvallis

¨ SOLD/Pending (past 90 days) - 163

o Average price - $296,460

o Median Sale Price - $260,000

o Average Days on the Market - 106

o Average Dollar per Square Foot - $171.46

¨ Current Active Listings - 245

o Average Price of Active Listings - $344,093

o Months of Inventory - 4.51

Lebanon

¨ SOLD/Pending (past 90 days) - 59

o Average price - $160,985

o Median Sale Price - $143,900

o Average Days on the Market - 126

o Average Dollar per Square Foot - $110.85

¨ Current Active Listings - 170

o Average Price of Active Listings - $185,398

o Months of Inventory - 8.64

Last show: Saturday, 13 September - Mary Hartley, ReMax Integrity will be in to talk with Dave about the upgrades and remodeling projects that add the most value

Upcoming Guests Scheduled:

 Thursday, 18 September - Monthly Real Estate Roundtable. The topic will be "Short Sales and Foreclosure - Are they really a great deal?" Guests include Yvonne Ward (AmeriTitle) and Joe Vincent (Town and Country Realty).

Saturday, 27 September - TBD

Thursday, 2 October - Ana Norlander, Windermere Willamette Valley. The Earnest Money Agreement - an overview of the important clauses you need to understand, and the decisions you have to make as both a buyer and as a seller.

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.