About Linn County, OR

What a crazy market we are in! A house can be priced "right" now & overpriced in a month. Staging is important, yet pricing trumps it every time.

I think the most important thing to know is that right now, bank owned properties (REOs) and Short Sales are driving the market down for the most part. Even appraisers right now are having to use comps from foreclosed properties to determine home value.

It's a great market anyway though, because the buyers are out there! That's the exciting part. There are people looking to buy. Don't be discouraged, just keep plugging along & keep in contact with your agent. Unless of course, you don't have one... :)

Kristin Smith
Keller Williams Realty Mid-Willamette
www.callkdsmith.com

I don't know about your neck of the woods, but in Albany, OR, you can't keep good properties down! This week I had a client call me about a house for sale just about half a mile from my house. It's currently bank owned & had only been on the market for 5 days. I called right away when he told me that the asking price was about $89,000. When I was finally able to talk to the broker, he'd already received 6 offers on the property! To top it all off, when I went by, there wasn't even a SIGN in the yard!

If you know of any great homes needing to be sold quickly in Albany, let me know! I'm doing my best to help these clients find a smokin deal! They're looking for a good, solid starter home for $130K or less. Call me if you have something that would meet their needs & let's talk business!

Cheerfully,
Kristin

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

Albany

• SOLD (past 90 days) - 116
  • Average price - $198,854
  • Median Sale Price - $185,125
  • Average Days on the Market - 147
  • Average Dollar per Square Foot - $121.13
• Current Active Listings - 402
  • Average Price of Active Listings - $221,925
  • Months of Inventory - 10.4
• Pending/Contingent Sales - 73 / Value $14.5 million
  • Total Contingent- 39
  • Total Pending - 34

Corvallis

• SOLD (past 90 days) - 94
  • Average price - $280,846
  • Median Sale Price - $252,500
  • Average Days on the Market - 136
  • Average Dollar per Square Foot - $162.94
• Current Active Listings - 272
  • Average Price of Active Listings - $337,620
  • Months of Inventory - 8.68
• Pending/Contingent Sales - 61 / Value $15.6 million
  • Total Contingent- 40
  • Total Pending - 21

Lebanon

• SOLD (past 90 days) - 42
  • Average price - $137,284
  • Median Sale Price - $133,450
  • Average Days on the Market - 124
  • Average Dollar per Square Foot - $103.49
• Current Active Listings - 178
  • Average Price of Active Listings - $168,644
  • Months of Inventory - 12.71
• Pending/Contingent Sales - 34 / Value $6.2 million
  • Total Contingent- 14
  • Total Pending - 20
    

Upcoming Guests Scheduled:

July Guests:

25 - Dale Robyn Siegel, author of The NEW RULES for Mortgages. Drawing on up to the minute data from lenders, Fannie Mae, Freddie Mac, FHA, credit reporting agencies, title companies, and more. The New Rules for Mortgages gives first-time as well as seasoned homebuyers today's "new rules" on securing a mortgage or refinancing an existing loan. Live with Dave via telephone.

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.

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

Albany

• SOLD (past 90 days) - 105
  • Average price - $193,555
  • Median Sale Price - $185,000
  • Average Days on the Market - 139
  • Average Dollar per Square Foot - $121.33
• Current Active Listings - 399
  • Average Price of Active Listings - $225,253
  • Months of Inventory - 11.4
• Pending/Contingent Sales - 81 / Value $16.1 million
  • Total Contingent- 41
  • Total Pending - 40

Corvallis

• SOLD (past 90 days) - 79
  • Average price - $274,641
  • Median Sale Price - $250,000
  • Average Days on the Market - 143
  • Average Dollar per Square Foot - $159.80
• Current Active Listings - 254
  • Average Price of Active Listings - $337,780
  • Months of Inventory - 9.65
• Pending/Contingent Sales - 65 / Value $17.7 million
  • Total Contingent- 42
  • Total Pending - 23

Lebanon

• SOLD (past 90 days) - 39
  • Average price - $138,770
  • Median Sale Price - $129,000
  • Average Days on the Market - 130
  • Average Dollar per Square Foot - $105.04
• Current Active Listings - 177
  • Average Price of Active Listings - $169,940
  • Months of Inventory - 13.62
• Pending/Contingent Sales - 35 / Value $6.4 million
  • Total Contingent- 16
  • Total Pending - 19

Upcoming Guests Scheduled:

July Guests:

• 2 July - Dave - Just Dave
• 11 July - Kirby and Crawford - Engineering and Surveys and Real Estate
• Real Estate Roundtable

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.

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

Albany

• SOLD (past 90 days) - 110
  • Average price - $192,311
  • Median Sale Price - $178,750
  • Average Days on the Market - 137
  • Average Dollar per Square Foot - $118.64
• Current Active Listings - 385
  • Average Price of Active Listings - $225,019
  • Months of Inventory - 10.5
• Pending/Contingent Sales - 69 / Value $13.1 million
  • Total Contingent- 37
  • Total Pending - 32

Corvallis

• SOLD (past 90 days) - 72
  • Average price - $251,705
  • Median Sale Price - $230,000
  • Average Days on the Market - 141
  • Average Dollar per Square Foot - $156.86
• Current Active Listings - 251
  • Average Price of Active Listings - $330,614
  • Months of Inventory - 10.46
• Pending/Contingent Sales - 62 / Value $18.1 million
  • Total Contingent- 41
  • Total Pending - 21

Lebanon

• SOLD (past 90 days) - 27
  • Average price - $140,844
  • Median Sale Price - $125,000
  • Average Days on the Market - 139
  • Average Dollar per Square Foot - $103.31
• Current Active Listings - 177
  • Average Price of Active Listings - $173,780
  • Months of Inventory - 19.67
• Pending/Contingent Sales - 33 / Value $5.9 million
  • Total Contingent- 14
  • Total Pending - 19

Last show: Thursday 04 June - RE/MAX Integrity introduces a new consumer tool - Any Listing, Any Phone, Any Time...called MLS Now. Heather White, Marketing Director for RE/MAX Integrity was the first guest. Renee Dornhecker, Landmark Mortgage was on to discuss current issues with mortgage interest rates and buyer programs available.

Upcoming Guests Scheduled:

June Guests:

• Molly Brady - Oil Heat Help Desk and the ABC's of Oil heating
• Real Estate Roundtable
• Linda Collins, First American Home Warranty

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.