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Dave Pautsch, REALTOR, CRS

Real Estate Talk Market Update for 21 August 2008 (Albany, Lebanon, Corvallis, Oregon)

(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) - 183
    • Average price - $211,423
    • Median Sale Price - $188,450
    • Average Days on the Market - 128
    • Average Dollar per Square Foot - $131.55
  • Current Active Listings - 463
    • Average Price of Active Listings - $262,015
    • Months of Inventory - 7.59

Corvallis

  • SOLD/Pending (past 90 days) - 151
    • Average price - $304,943
    • Median Sale Price - $274,950
    • Average Days on the Market - 105
    • Average Dollar per Square Foot - $168.14
  • Current Active Listings - 240
    • Average Price of Active Listings - $345,025
    • Months of Inventory - 4.77

Lebanon

  • SOLD/Pending (past 90 days) - 58
    • Average price - $161,910
    • Median Sale Price - $145,900
    • Average Days on the Market - 106
    • Average Dollar per Square Foot - $112.45
  • Current Active Listings - 171
    • Average Price of Active Listings - $186,481
    • Months of Inventory - 8.84

Last show: Thursday, August 21 / Saturday, August 23 - Kelly Gardner of Pinnacle Mortgage will be Dave's guest and the topic will be Loan Modification. This is an alternative to short sale and foreclosure for many people. Kelly will explain the options and who it works for.

Upcoming Show topics that I'm working to put together for you:

- 1st Time Home buyer - Down Payment Assistance programs

- Home owner's Insurance - what you need to know during the buying process; also, when do you need Flood Insurance and how does it work?

- Short Sales and Foreclosures - is it the best way to buy in today's market?

- Upgrades that count - Many people are remodeling and upgrading their homes during this period, taking advantage of low interest rates, but with selling being the wrong thing for them. Which upgrades can you do to make the most impact on your future plans to sell?

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.

River Rhythms - Albany Oregon's Signature Event Celebrates 25 years

It started 25 years ago (1984) with a Sunset Music Series in the new riverfront park - and its still going on.

Here's the schedule of artists for 2008:

July 3 - Charlie Musselwhite (Blues)

July 10 - Linda Tillery and the Cultural Heritage Choir (Folk)

July 17 - Craig Morgan (Country) ** Concert to be held at Linn County Fair

July 24 - Big Bad Voodoo Daddy (Swing)

July 31 - Tower of Power (Rhythm and Blues)

August 7 - Paul Thorn (Blues/Rock)

August 14 - The Grass Roots (Pop)

Just another reason to get to know Albany, Oregon...You could love it here!

Real Estate Workshops - Albany Oregon

Get the information you need to make wise decisions in today's confusing real estate market

FREE to everyone who pre-registers - but space IS limited so Pre-Registration is REQUIRED.

All attendees are entered in a drawing - GRAND Prize - Cruise! Second Prize - Whole Home Inspection ($400 value) from Stewart Inspections

Real Estate Workshop Flyer