Real Estate Talk Market Update for Albany, Lebanon, and Corvallis Oregon (27 September 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) - 193
  • Average price - $210,205
  • Median Sale Price - $194,450
  • Average Days on the Market - 133
  • Average Dollar per Square Foot - $127.63
• Current Active Listings - 450
  • Average Price of Active Listings - $257,530
  • Months of Inventory - 6.99

Corvallis

• SOLD/Pending (past 90 days) - 159
  • Average price - $292,571
  • Median Sale Price - $258,750
  • Average Days on the Market - 102
  • Average Dollar per Square Foot - $169.37
• Current Active Listings - 241
  • Average Price of Active Listings - $342,248
  • Months of Inventory - 4.55

Lebanon

• SOLD/Pending (past 90 days) - 53
  • Average price - $164,856
  • Median Sale Price - $145,100
  • Average Days on the Market - 120
  • Average Dollar per Square Foot - $113.80
• Current Active Listings - 161
  • Average Price of Active Listings - $186,269
  • Months of Inventory - 9.11

 Last show:      Saturday, September 27 - Stacy Hart, Washington Federal Savings was the guest and she provided an excellent overview of Bridge Loans and other options for home owners who want to take advantage of today's Buyer's Market, but don't want to give up their leverage with a Contingent Offer.  

Upcoming Guests Scheduled:

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. 

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