Real Estate Talk Market Update for 31 October, 2009 (Albany, Lebanon, Corvallis Oregon)

Modified statistics, starting 11 April, 2009 SOLD statistics no longer include any pending data.

Albany

• SOLD (past 90 days) - 164
  • Average price - $185,387
  • Median Sale Price - $174,174
  • Average Days on the Market - 124
  • Average Dollar per Square Foot - $123.40
• Current Active Listings - 364
  • Average Price of Active Listings - $217,093
  • Months of Inventory - 6.66
• Pending/Contingent Sales - 103 / Value $18.6 million
  • Total Contingent- 61
  • Total Pending - 42

Corvallis

• SOLD (past 90 days) - 139
  • Average price - $261,344
  • Median Sale Price - $247,000
  • Average Days on the Market - 119
  • Average Dollar per Square Foot - $165.69
• Current Active Listings - 233
  • Average Price of Active Listings - $337,261
  • Months of Inventory - 5.03
• Pending/Contingent Sales - 52 / Value $14.9 million
  • Total Contingent- 38
  • Total Pending - 14

Lebanon

• SOLD (past 90 days) - 53
  • Average price - $137,148
  • Median Sale Price - $138,500
  • Average Days on the Market - 154
  • Average Dollar per Square Foot - $104.35
• Current Active Listings - 130
  • Average Price of Active Listings - $169,759
  • Months of Inventory - 7.36
• Pending/Contingent Sales - 54 / Value $8.9 million
  • Total Contingent- 22
  • Total Pending - 32

Upcoming Guests Scheduled:

October Guests:

31 October - Jason Cadwell, RE/MAX Integrity. What is the outlook for real estate in the mid-valley for 2010 and what are the options for home owners who may be facing problems due to job losses.

November Guests:

Nov 7 - DR Horton - live at Benton Woods

TBD - Dave Kammerer, Summit Funding - to continue our discussion of the FHA 203K loan program

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.