About Linn County, OR

Months of Inventory Calculation based on the rate of sales/pending sales in the previous 90 days

Albany

• SOLD/Pending (past 90 days) - 124
  • Average price - $169,232
  • Median Sale Price - $175,000
  • Average Days on the Market - 111
  • Average Dollar per Square Foot - $118.89
• Current Active Listings - 363
  • Average Price of Active Listings - $236,879
  • Months of Inventory - 8.78

Corvallis

• SOLD/Pending (past 90 days) - 79
  • Average price - $241,427
  • Median Sale Price - $252,696
  • Average Days on the Market - 102
  • Average Dollar per Square Foot - $165.03
• Current Active Listings - 187
  • Average Price of Active Listings - $317,815
  • Months of Inventory - 7.10

Lebanon

• SOLD/Pending (past 90 days) - 43
  • Average price - $130,183
  • Median Sale Price - $147,675
  • Average Days on the Market - 122
  • Average Dollar per Square Foot - $113.06
• Current Active Listings - 142
  • Average Price of Active Listings - $181,673
  • Months of Inventory - 9.91

Last show: January 3 - The Year that Was - 2008. An overview of the past year and a highlighting of some of the important concepts that you need in understanding what is going on in the housing market in the mid-Willamette Valley today.

Upcoming Guests Scheduled:

• January 10 - Bryan Milligan (Pacific Residential Mortgage) Taking a Loan Application. What information do you need to have? Documentation requirements...and more importantly understanding why you need to have a great deal of trust in the person to whom you are giving some very personal financial information.
• Thursday January 15 - Real Estate Roundtable. Monthly panel discussion on the local real estate market. Guests TBD.
• Saturday 24 January - Kelly Gardner (Pinnacle Mortgage) Refinancing ABC's. Interest rates are incredible right now - should YOU consider refinancing your current mortgage? How to decide and how the process works. Kelly will be here to help you make a good decision.
• Thursday 29 January - TBD (Tentatively - Grayson Fidler, Fidler Construction will be Dave's guest to discuss remodeling options).

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.

In an effort to get active in my new community, I joined the Partners for Progress comittee, more specifically the Promotional Comittee. I love marketing and I love Lebanon, OR so I am all about helping out in any way I can. It gives me an opportunity to perform a civic duty for my community and it helps me meet people and build relationships. So we have been thinking of events and plans to help build the economy and create a more inviting Historical Downtown area. So Our first planned event is on January 22nd at Santiam Place at 6pm. We will be serving chili and the local bankers and brokers are having a napkin dessert contest. Here is the flyer I created to help spread the word.

For all of you out there thinking of buying your fist home in the new year, I wanted to give you some information. If you are in the Albany, Corvallis areas, you should really check out Willamette Neighborhood Housing. They offer first time home buyer classes and financial assistance for first time buyers. Coming up in the new year, they are going to be offering their own fixed rate loan program as well. WNHS not only helps prepare you to buy a home, but they know where to get grants, down payment assitance, second mortgages and more! They also work with reputable lenders and realtors who know our area! Rates are too good not to buy. Inventory is up and if you were every going to get a deal, now is the time! Here is the link to Willamette Neighborhood Housing:

http://www.w-nhs.org/

There are 100% Financing Programs Available!

Rural Development is 100% financing is used a lot in Lebanon, Sweet Home, Brownsville, Tangent area. There are homes in Albany and Corvallis, we just have to look up the address to see if they qualify. The positive about this program is there is no mortgage insurance, there is a 2% funding fee that is included in the financing. It allows 6% seller concession like FHA does. The income limits are actually pretty high (significantly higher than the housing programs). Here is the link to property eligibility and income eligibility for this program:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income@11

If you have any other questions about this program contact Dee Robb at Pacific Crest Home Loans. Here is her information:

541-979-2194 Direct

541-451-3211 Office

November Statistics (courtesy of WVMLS):

Albany:

Average Days on Market 149

392 Currently Active Properties

Average Price per Sq Ft. $125

Average Sales Price $196,698

Units Sold to Date: 510

North Albany:

Average Days on Market 158

107 Currently Active Properties

Average Price per Sq Ft. $134

Average Sales Price $313,098

Units Sold to Date: 106

Corvallis:

Average Days on Market 115

333 Currently Active Properties

Average Price per Sq Ft. $164

Average Sales Price $299,634

Units Sold to Date: 509

(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) - 136
  • Average price - $174,843
  • Median Sale Price - $175,435
  • Average Days on the Market - 115
  • Average Dollar per Square Foot - $122.07
• Current Active Listings - 393
  • Average Price of Active Listings - $239,234
  • Months of Inventory - 6.89

Corvallis

• SOLD/Pending (past 90 days) - 81
  • Average price - $229,876
  • Median Sale Price - $252,696
  • Average Days on the Market - 102
  • Average Dollar per Square Foot - $163.87
• Current Active Listings - 218
  • Average Price of Active Listings - $320,878
  • Months of Inventory - 4.77

Lebanon

• SOLD/Pending (past 90 days) - 43
  • Average price - $134,984
  • Median Sale Price - $153,000
  • Average Days on the Market - 123
  • Average Dollar per Square Foot - $112.03
• Current Active Listings - 150
  • Average Price of Active Listings - $176,000
  • Months of Inventory - 8.82

Last show: December 18 - December 18 - Tax Assessment - Mark Noakes, Linn County Assessor and Tax Collector was in to discuss how property taxes are assessed, how to read your property tax statement, assessment appeals, new construction valuations, and more. If you have specific questions you can reach Mark at (541) 967-3808, or stop by the courthouse - he's happy to answer questions.

Upcoming Guests Scheduled:

December 27 - TBD. This is the Saturday after Christmas and this is going to be an "encore" show. I just picked one yet.

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.