Market Update for Oregon's mid-Willamette Valley - Listen to Real Estate Talk

(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

•o  Average price - $211,864

•o  Median Sale Price - $188,900

•o  Average Days on the Market - 133

•o  Average Dollar per Square Foot - $129.12

•¨  Current Active Listings - 441

•o  Average Price of Active Listings - $257,382

•o  Months of Inventory - 7.07

Corvallis

•¨   SOLD/Pending (past 90 days) - 161

•o   Average price - $294,441

•o   Median Sale Price - $260,000

•o   Average Days on the Market - 105

•o   Average Dollar per Square Foot - $170.32

•¨   Current Active Listings - 251

•o   Average Price of Active Listings - $343,169

•o   Months of Inventory - 4.68

Lebanon

•¨   SOLD/Pending (past 90 days) - 57

•o   Average price - $163,666

•o   Median Sale Price - $147,250

•o   Average Days on the Market - 124

•o   Average Dollar per Square Foot - $111.24

•¨   Current Active Listings - 167

•o   Average Price of Active Listings - $187,531

•o   Months of Inventory - 8.79

 Last show:      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), Jason Cadwell (Prudential), and Joe Vincent (Town and Country).  *Encore airing on Saturday, 20 September.

Upcoming Guests Scheduled:

Saturday, 27 September - Stacy Hart (Washington Federal Savings), Bridge loans and other products and strategies for buying your next home without selling your current one.

Thursday, 02 October - Ana Norlander (Windermere, Willamette Valley).  The Earnest Money Agreement - an overview of the important clauses and decision points you need to understand as either a buyer or a seller.

Saturday, 11 October -  TBD

Thursday, 16 October - The Eugene real estate market.  What is going on there, and what it means to us in the Linn and Benton Counties.  Tentative guests include Kevin Simrin (Owner-ReMax Integrity)

Saturday, 25 October - Tentatively scheduled.  Michael Beerey and Erin Moseley (State Farm Insurance) The fundamentals of home owners insurance when you are buying a home.  Understanding flood insurance.