Market Overview October 2008 - Salem Oregon and Surrounding Cities
In the month of October 2008, there were 1278 new listings that came on the market and a total of 7674 listings available. In the month of October 2007 there were 1571 new listings that came on the market and a total of 6953 on the market. That is a 10.4% increase in listings available this year over last year at the same time.
In October 2008, there were 502 closed sales. With that number of closed sales we have approximately 15.3 months of inventory on the market.
Days on the market currently are:
Salem/Keizer: 120
Benton County: 131
Linn County: 145
Marion County: 129
Polk County 128
Closed Sales in Units for the last six years:
Through the end of October 2003: 7753
Through the end of October 2004: 8192
Through the end of October 2005: 9733
Through the end of October 2006: 9161
Through the end of October 2007: 7833
Through the end of October 2008: 5210
The percent of sales price to list price was 96.6% in Salem/Keizer, 97.3% in Linn County, 96.8% in Benton County, 96.1 in Marion County, and 96.4% in Polk County.
Average Sales Price comparing last year to this year:
Area October 07 October 08 %change
Salem/Keizer $240,044 $224,863 -6.4%
Benton County $309,498 $302,975 -2.2%
Linn County $195,397 $194,302 -.6%
Marion County $249,112 $235,151 -5.7%
Polk County $232,334 $222,170 -4.4%
Source: Willamette Valley Multiple Listing Service
2008 Mill City Volunteer Fire Department Firemen's Benefit - Mill City, Oregon
It's that time of year again. The volunteer firemen of the MCVFD will be knocking on your door to sell tickets to the 64th Annual Firemen's Benefit and Bingo Night. This year's event will be held on Saturday, November 22, 2008 and Bingo starts at 5:30 PM sharp. Drawing tickets are available for $1.00. You will be entered to win several prizes including the Grand Prize drawing at the 1:00AM. Bingo cards are available for $.25 cents each and you can win a Turkey or a Picnic Ham if you win a B-I-N-G-O! Free Coffee is poured all night long and the event is now smoke-free.
This years prizes:
The kitchen will be open to serve refreshments and locals know the Benefit wouldn't be complete without eating at least one burger topped with melted cheese, grilled onions and green peppers or a fabulous Oktoberfest sausage.
There is something for the whole family including the Kid's Games for the little ones. The kids games begin at approximately 6:30PM.
Mark your calendar for Saturday, November 22 and show your support for the volunteers! The funds raised by the volunteers go to support the local Boy Scout Troop, the Boy Scout building heating and maintenance, the 4th of July Fireworks and the purchase of Gifts for the Giving Tree.
I had the opportunity last week to attend the Hope Builder Breakfast sponsored by The Mid Willamette Valley Habitat for Humanity. I was invited by fellow broker, Michelle Hendricks whom graciously offered to fill a table for ten. Our office decided to attend as part of our regular office meeting.
According to the written information on our table:
Held at the Salem Conference Center, the room was filled to near capacity. This event was very well organized with volunteers outside the room to assist patrons to their prospective tables.
The program consisted of the Welcome Address by Jeroen Swanborn, a message "Much to Celebrate, More to Accomplish" by Rick Gaupo, "Let's Build It" DVD Presentation, testimonials by current and future homeowners; Jim Griffin and Tammy Thomas and the "Appeal for Assistance" by Marybeth Beall.
The Mid Willamette Valley Habitat for Humanity has a goal of building 100 homes; with 35 homes in the next 4 years. In order to accomplish this goal, Habitat is asking for monetary donations as well as materials and the most precious donation of all, your time.
Habitat's next fund raiser will be the "Hearts and Hammers" Dinner and Auction, February 12, 2009. Tickets are $25.00
There are several drop sites through out the county. Don't forget to vote and don't forget to drop your ballot off at one of the official sites in the county.
In Salem: The Marion County Elections office has inside service only at 4263 Commercial St, SE Room 300. Drive through sites will be open until 8PM, Tuesday.
For more info or drive through locations, click here
In Aumsville: Visit Aumsville City Hall, 595 Main St, Aumsville
In Turner: Visit Turner City Hall, 7250 Third St, Turner
In Mill City: Visit US Bank 400 N Santiam Blvd, Mill City
In Sublimity: Visit Sublimity City Hall, 245 NW Johnson, Sublimity
In Stayton: Visit The Stayton Public Library, 515 N. First St.
Don't for get to set back your clock tonight. It's also a good time to check and change your smoke detector batteries and perform seasonal computer maintenance. When was the last time you dumped your temporary Internet files or defraged your computer? Here are a few tips to help keep your computer running efficiently.
* Delete Temporary Internet Files
After even a short time on the Internet, your computer can accumulate thousands of unnecessary Temporary Internet Files. Boost your system performance and regain needed disk space by deleting them on a weekly or monthly basis. From any Internet Explorer window, click Tools, then Internet Options. The "Delete Files" button in the center section of the window will clean out your files.
* Update Virus Protection Software
Regardless of which software you use to protect your computer (Norton or AVG for example), it's important to keep your antivirus software up to date. Make sure your subscription is still active and that it's updating your virus definitions automatically on a regular basis. Refer to your specific program documentation for details.
* Defragment Computer
Defragmenting consolidates your available hard drive space and improves your computers' speed. Basically it picks up your files and puts them away where your computer can easily find the files instead of searching all over the place. Do this once a month by (instructions for XP) clicking on your Start Menu and going to All Programs, Accessories, and System Tools. The utility is called "Disk Defragmenter."
* Back Up Files
It's recommended you back up any data you "cannot afford to lose" to at least two separate devices - like once to a thumb drive, once to a CD-Rom. If you've never done it at all, any backup is better than none! Here's an article from Microsoft to get you started: http://www.microsoft.com/windowsxp/using/setup/maintain/backupfiles.mspx
Leslie Stewart, CRS, Licensed Oregon Broker
The Brenda Bonebrake and Sandy Edwards Team
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The Buyer's Bonus! Oregon Broker specializing in Stayton, Sublimity and the Santiam Canyon. I work on a team of top producing real estate experts. Remember, now more than ever, experience counts!
The "Go-To Team" for Willamette Valley Real Estate!
Search Our Website For The Newest Listings
Let's face it, there have been many changes in real estate and the lending industry in the past few months. Lending practices have tightened up and new qualification standards will make it difficult for many buyers to qualify for a loan. Home buyers will have to show employment history with consistant income and a good credit history. Interest rates will become "risk-based" and those people with credit above 720 will be rewarded with lower interest rates. Borrowers will be required to save money for a down payment. Conventional, FHA and VA loan programs are available for those who qualify for the payment. We can continue to do business, it will be conservative compared to the past few years. Until November 30, 2009, first time buyers (or buyer's who have not owned a home in the past three years) are eligible for up to $8000.00 tax rebate from the Federal Government. This rebate is actually a no interest loan to be repaid in the next 15 years. Combine that with interest rates we are seeing and good inventory and buyers should find this is a wonderful opportunity for buyers to buy a home today. Buying a home can still be one of the best ways to build wealth. Today's buyers have an advantage over buyers two years ago. There is more inventory to choose from and and you have the luxury of time. A couple of years ago, buyers had to make buying decision in less than 24 hours or risk losing the property to another buyer. Our goal is to provide you with the information you need to make a good buying decision. Our knowledge of the area and our real estate market can help you make a good investment in a home or income property.
As a 18 year veteran of the real estate industry, I have seen the gambit in real estate markets. I have the experience to help buyers though all types of transactions, but I am fond of first time buyers and new construction . I love helping folks find a home that fits both their needs and their budget. The devil is truly in the details and I work very hard to provide each client with excellent customer service.
I am native Oregonian and I consider myself a "Canyon Girl," living most of my life in Mill City. My family includes my husband Scott, Kendra, her husband Josh, and Kelsey, a sophomore at OSU is studying in the Pharmacy program. The rest of the crew is rounded out by the family pets, Bailey, a border collie/blue heeler/Austrailian shepard mix, Loki a Yorkshire Terrier and 2 striped Siamese cats, Andie and Cassie. I believe "Chocolate" is a food group, especially dark chocolate and had time to check out several varieties of European Chocolate on memorable trip to Germany, England and Holland. I love to read and I usually have 3 or 4 books going at once. I adore James Bond and Danny Kaye movies, enjoy gardening and when time presents itself, I keep the road warm from Mill City to Klamath Falls visiting my parents.
My experience as a buyer's broker will save you money. My goal is to provide my buyers with the knowledge they need to make an informed and educated decision during the buying process. As an canyon-area resident for many years, my knowledge of the local market and neighborhoods will be beneficial to you as a buyer. I believe communication is key in any relationship, business or personal.
Our team is a dedicated group of brokers and together we have 56 combined years of experience to pull from. Brenda and Sandy take excellent care of sellers and Mary and I work strictly for buyers. Brenda and Sandy have put together a fabulous marketing plan designed to get your home sold, in the least amount of market time and for the highest possible price! Doesn't that sound great?
We market residential properties, new construction, residential with acreage properties and we specialize in North Santiam Riverfront properties. We love a challenge and are not afraid to take on unique properties that need a little extra "marketing" to get sold. Give us a call today and let us show you why we are the 'Go-To Team!'
If you are looking to buy or sell real estate in the following cities, call us today!
I fully understand the nervous jitters of new home buyer's. Before any offer is made, I walk them through the process of a home purchase, from pre-qualification and approval, the importance of writing a good offer, the inspection process and repair negotiation, mortgage process, what will happen in underwriting, and the complete closing process. My experience has taught me that if buyers know what to expect next, they have less apprehension about the transaction process. First Time Buyers have many questions and are so excited about their prospective new home. I love working with first time buyers and I get deep satisfaction knowing I helped them purchase the right home at the right time.
My other passion is new construction purchases. I have many years of experience working new construction and helping a buyer through the construction process.
I love referrals! Rest assured your referrals will be handled with the utmost care and diligence. Whether you are buying or selling a home, call me today.
I have a passion for Oregon. My family and I spend many hours exploring much of what Oregon has to offer her residents and visitors. If you are looking for something todo, check this out:
Hoo Doo - Timberline - Willamette Pass
Mid Willamette Valley Habitat For Humanity
I would love the opportunity to show you the current stats for our local real estate market. Please email me at leslies@prurep.com
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