Real Estate Talk Market Update - 14 February 2009 (Albany, Lebanon, and Corvallis, Oregon)

Months of Inventory Calculation based on the rate of sales/pending sales in the previous 90 days.

Albany

• SOLD/Pending (past 90 days) - 120
  • Average price - $144,650
  • Median Sale Price - $174,000
  • Average Days on the Market - 116
  • Average Dollar per Square Foot - $121.11
• Current Active Listings - 360
  • Average Price of Active Listings - $231,112
  • Months of Inventory - 9.00

Corvallis

• SOLD/Pending (past 90 days) - 66
  • Average price - $220,029
  • Median Sale Price - $249,500
  • Average Days on the Market - 108
  • Average Dollar per Square Foot - $158.06
• Current Active Listings - 207
  • Average Price of Active Listings - $327,017
  • Months of Inventory - 9.41

Lebanon

• SOLD/Pending (past 90 days) - 39
  • Average price - $118,776
  • Median Sale Price - $145,750
  • Average Days on the Market - 126
  • Average Dollar per Square Foot - $108.70
• Current Active Listings - 167
  • Average Price of Active Listings - $182,019
  • Months of Inventory - 12.85

Last show:   14 February - Dave's overview of strategies for buyers and sellers in today's dynamically changing housing market and a review of some of the components of the Stimulus Bill that will affect real estate on a national, and local level

Upcoming Guests Scheduled:

•  February Guests
  • Wednesday, February 18 -  Ken Marshall, Corvallis Realty and Investment on commercial projects and rehabs
  • Saturday, February 28, (*tentative) Shelly Garret, Lebanon Area Chamber of Commerce will be in to talk about the economic outlook for Lebanon and
• March Guests
  • Thursday, March 5 - Amanda Dalton, Shared Government Affairs Coordinator for the 5 Regional REALTOR® Associations - REALTOR® Day at the Capitol and an overview of some of the current legislative issues that affect home ownership
  • Saturday, March 14 - TBD
  • Thursday, March 19 - Chip Cummings, Author of CASHING IN on Pre-Foreclosures and Short Sales - A Real Estate Investor's Guide to Making a Fortune - Even in a Down Market
  • Saturday, March 29 - TBD

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.