Real Estate Talk Blog for the Willamette Valley

Real Estate Talk Market Update for May 10, 2008

(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) – 187
•    Average price – $212,947
•    Median Sale Price – $203,000
•    Average Days on the Market – 151
•    Average Dollar per Square Foot - $132.75
• Current Active Listings – 448
•    Average Price of Active Listings - $265,388
•    Months of Inventory – 7.19

Corvallis

• SOLD/Pending (past 90 days) – 129
•    Average price – $285,694
•    Median Sale Price – $266,000
•    Average Days on the Market – 113
•    Average Dollar per Square Foot - $168.22
• Current Active Listings – 216
•    Average Price of Active Listings - $354,682
•    Months of Inventory – 5.02

Lebanon

• SOLD/Pending (past 90 days) – 40
•    Average price – $156,481
•    Median Sale Price – $150,000
•    Average Days on the Market – 133
•    Average Dollar per Square Foot – $114.24
• Current Active Listings – 179
•    Average Price of Active Listings - $202,000
•    Months of Inventory – 13.43

Last – Saturday May 10 – The Ultimate Open House Kickoff; Willamette Valley Home Builder Association’s Ultimate Open House is this weekend;  My guests were Mike Goodrich (Legend Homes), President of the WVHBA and Bill Higby (Willamette Community Bank), Board Member of the WVHBA.

Upcoming Guests Scheduled:

May

   Thursday May 15 (and Saturday May 17) – Our monthly Real Estate Luncheon – This is a roundtable of current events in real estate.  This weeks scheduled guests include:  Kelly Gardner of Pinnacle Mortgage and Mary Hartley of ReMax Integrity. 

   Saturday May 24 – Tentatively I will be interviewing (on the phone) Diana Brodman Summers about her new book - "The Home Buyer's Answer Book."  We hope to have 2 or 3 copies of the book to give out as prizes.

   Saturday May 31 – Wanda Omdahl, the Albany Fire Department Public Information Officer will be Dave’s guest and we will be talking about the smoke alarm requirements when you buy or sell a home as well as creating a fire safety plan for your home.

June

    Thursday June 05 (and Saturday June 07) – Tom Powell, Powell Construction will be here to talk with Dave about remodeling projects for your home and when it may be better to remodel vice buy a new home.

    Saturday June 14 – This show will be all about “GREEN.”  Dave’s scheduled guests include Steve Willems of Parr Lumber and Glen Rea from EKOS Northwest (www.ekosnw.com) and our discussions will be on the new trends in building materials and techniques designed to be better for the environment.

     Thursday June 19 (Saturday June 21) – Our monthly Real Estate Luncheon.  This month the guests for Dave’s roundtable are scheduled to be – Carisa Ramey (Central Willamette Community Credit Union), Dave Manley (Lebanon Real Estate) and Steve Parrott (AmeriTitle).  Our discussions will lean heavily toward events in the Lebanon housing market.

     Saturday June 28 – TBD

(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) – 202
•    Average price – $214,566
•    Median Sale Price – $204,950
•    Average Days on the Market – 143
•    Average Dollar per Square Foot - $132.47
• Current Active Listings – 466
•    Average Price of Active Listings - $261,112
•    Months of Inventory – 6.92

Corvallis

• SOLD/Pending (past 90 days) – 143
•    Average price – $292,713
•    Median Sale Price – $260,000
•    Average Days on the Market – 112
•    Average Dollar per Square Foot - $167.80
• Current Active Listings – 231
•    Average Price of Active Listings - $345,652
•    Months of Inventory – 4.85

Lebanon

• SOLD/Pending (past 90 days) – 44
•    Average price – $161,264
•    Median Sale Price – $150,000
•    Average Days on the Market – 110
•    Average Dollar per Square Foot – $115.42
• Current Active Listings – 177
•    Average Price of Active Listings - $194,565
•    Months of Inventory – 12.07

Last –    Saturday May 31 – Wanda Omdahl, the Albany Fire Department Public Information Officer is Dave’s guest and the discussion is about the smoke alarm requirements when you buy or sell a home as well as creating a fire safety plan for your home.

Upcoming Guests Scheduled:

June

    Thursday June 05 (and Saturday June 07) – Tom Powell, Powell Construction will be here to talk with Dave about remodeling projects for your home and when it may be better to remodel vice buy a new home.

    Saturday June 14 – This show is all about “GREEN.”  Dave’s guests include Steve Willems of Parr Lumber and Glen Rea from EKOS Northwest (www.ekosnw.com) and our discussions will be on the new trends in building materials and techniques designed to be better for the environment.

     Thursday June 19 (Saturday June 21) – Our monthly Real Estate Luncheon.  This month the guests for Dave’s roundtable are scheduled to be – Carisa Ramey (Central Willamette Community Credit Union), Dave Manley (Lebanon Real Estate) and Steve Parrott (AmeriTitle).  Our discussions will lean heavily toward events in the Lebanon housing market.

     Saturday June 28 – TBD

Celebrating 25 years of music in the summer - FREE Concerts at the Monteith Riverpark.  It all started in 1984 with the Sunset Music Series, an eclectic offering of music for our community.  Here's the schedule for 2008:

July 3rd - Charlie Musselwhite (Blues)

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

July 17th - Craig Morgan (Country) * This concert will be held at the 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)

All concerts start at 7PM, and many of the local restaurants set up food booths too!

New this year:

• 2 entrances to the park will be well-defined
• Drop off and pick up locations for the trolley will be clearly marked
• A display (under the gazebo) celebrating 25 years of River Rhythms
• Bicycle and Skateboard valet service
• Smoking area behind the Senior Center
• Pre-concert at in a more visible location
• New placement of sponsor information
• Hospitality for VIPs
• The "Blanket run" begins at 5:30 to accomodate day-shift workers

Real Estate Talk Market Update for May 23, 2008

(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) – 199
•    Average price – $215,852
•    Median Sale Price – $205,033
•    Average Days on the Market – 144
•    Average Dollar per Square Foot - $133.44
• Current Active Listings – 449
•    Average Price of Active Listings - $263,692
•    Months of Inventory – 6.77

Corvallis

• SOLD/Pending (past 90 days) – 132
•    Average price – $288,359
•    Median Sale Price – $266,000
•    Average Days on the Market – 113
•    Average Dollar per Square Foot - $168.05
• Current Active Listings – 238
•    Average Price of Active Listings - $349,818
•    Months of Inventory – 5.41

Lebanon

• SOLD/Pending (past 90 days) – 39
•    Average price – $162,423
•    Median Sale Price – $151,000
•    Average Days on the Market – 118
•    Average Dollar per Square Foot – $116.37
• Current Active Listings – 178
•    Average Price of Active Listings - $197,018
•    Months of Inventory – 13.69

Saturday May 24 – Dave’s guest is scheduled to be Diana Brodman Summers, author of “The Home Buyer’s Answer Book”  250 questions and practical answers for home buyers.  The book is available at Barnes and Noble, or Amazon.com.  If you’d like to reach Diana you can do so at www.lawyer4employees.com

Upcoming Guests Scheduled:

May

Saturday May 31 – Wanda Omdahl – the Albany Fire Department Public Information Officer will be Dave’s guest and we will be talking about the smoke alarm requirements when you buy or sell a home as well as the importance of creating a fire safety plan for your home.

June

    Thursday June 05 (and Saturday June 07) – Tom Powell, Powell Construction will be here to talk with Dave about remodeling projects for your home and when it may be better to remodel vice buy a new home.

    Saturday June 14 – This show is all about “GREEN.”  Dave’s guests include Steve Willems of Parr Lumber and Glen Rea from EKOS Northwest (www.ekosnw.com) and our discussions will be on the new trends in building materials and techniques designed to be better for the environment.

     Thursday June 19 (Saturday June 21) – Our monthly Real Estate Luncheon.  This month the guests for Dave’s roundtable are scheduled to be – Carisa Ramey (Central Willamette Community Credit Union), Dave Manley (Lebanon Real Estate) and Steve Parrott (AmeriTitle).  Our discussions will lean heavily toward events in the Lebanon housing market.

     Saturday June 28 – TBD

Real Estate Talk Market Update for May 14, 2008

(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) – 193
•    Average price – $215,719
•    Median Sale Price – $204,000
•    Average Days on the Market – 150
•    Average Dollar per Square Foot - $133.19
• Current Active Listings – 438
•    Average Price of Active Listings - $263,864
•    Months of Inventory – 6.81

Corvallis

• SOLD/Pending (past 90 days) – 130
•    Average price – $286,847
•    Median Sale Price – $266,600
•    Average Days on the Market – 111
•    Average Dollar per Square Foot - $168.06
• Current Active Listings – 229
•    Average Price of Active Listings - $350,763
•    Months of Inventory – 5.28

Lebanon

• SOLD/Pending (past 90 days) – 37
•    Average price – $160,942
•    Median Sale Price – $152,000
•    Average Days on the Market – 130
•    Average Dollar per Square Foot – $115.97
• Current Active Listings – 173
•    Average Price of Active Listings - $198,244
•    Months of Inventory – 14.03

Last – Thursday May 15 (& Saturday, May 17) – Our monthly Real Estate Luncheon – This is a roundtable of current events in real estate.  This weeks guests included:  Mary Hartley of ReMax Integrity, Yvonne Ward (AmeriTitle), and Jason Moorefield (1^st Choice Mortgage).  Our general topic was “The 10 Biggest Mistakes People Make in Real Estate.” 

Upcoming Guests Scheduled:

May

     Saturday May 24 – Tentatively scheduled – an interview with Diana Brodman Summers, author of “The Buyer’s Answer Book.”  Happy Memorial Day Weekend.

   Saturday May 31 – Wanda Omdahl, the Albany Fire Department Public Information Officer will be Dave’s guest and we will be talking about the smoke alarm requirements when you buy or sell a home as well as creating a fire safety plan for your home.

June

    Thursday June 05 (and Saturday June 07) – Tom Powell, Powell Construction will be here to talk with Dave about remodeling projects for your home and when it may be better to remodel vice buy a new home.

    Saturday June 14 – This show is all about “GREEN.”  Dave’s guests include Steve Willems of Parr Lumber and Glen Rea from EKOS Northwest (www.ekosnw.com) and our discussions will be on the new trends in building materials and techniques designed to be better for the environment.

     Thursday June 19 (Saturday June 21) – Our monthly Real Estate Luncheon.  This month the guests for Dave’s roundtable are scheduled to be – Carisa Ramey (Central Willamette Community Credit Union), Dave Manley (Lebanon Real Estate) and Steve Parrott (AmeriTitle).  Our discussions will lean heavily toward events in the Lebanon housing market.

     Saturday June 28 – TBD

Last weekend was the kickoff - but this coming weekend will also provide YOU the opportunity to check out many of the local builders in the mid-Willamette Valley.

Interested in buying a home - you'll want to visit some of these homes to learn about the builders, and the variety of options available

Thinking of building your own home - or remodeling?  The Ultimate Open House gives you access to lots of interesting design features, and cutting edge technology.

You can get the newspaper insert with a complete listing of all the homes on tour at:  Lumbermens, Parr Lumber, Keith Brown Lumber, Legend Homes, Conser Design and Construction, K-3, S2A Builders, Culbertson Construction, EKOS NorthWest, and Hayden Homes.

Ultimate Open  House Tour dates/hours:

• Friday, 16 May - 2pm to 8pm
• Saturday, 17 May - 2pm to 6pm
• Sunday, 18 May - 2pm to 6pm