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Show Archive Page February 2007

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Join Dave Pautsch for Real Estate Talk, It's live and local.

1580 KGAL's Real Estate Talk is the Mid-Willamette Valley's radio resource for homebuyers, sellers, and owners.

Hosted by: Dave Pautsch, MBA, CSP, Realtor(r) Conser Realty & Associates Real Estate Talk is your radio resource throughout the real estate life-cycle. It's Live, Local Radio every Saturday morning at 10:06.
Real Estate Talk with Dave Pautsch

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If you have a question concerning real estate, home ownership, or financing please send an e-mail us: realestatetalk@kgal.com. Each week, Dave will be answering questions on the air from your emails.

Dave's Weekly Local
Real Estate Market Update
Archive: February 2007

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Market Update: Aired 2/24/2007

(Statistics for 1 January 2007 until present)
Albany
206 listings
Prices range from $69,900 to $589,900
Average LIST price - $235,200
8 Sold - Average SOLD price - $213,500
42 Contingent or Pending Sale
156 Active
Months of Inventory (Active Listings only)
< $175K - Less than 1 month
$175 - $275K - 2.2 months
> $275K - 5.2 months

Lebanon
68 listings
Prices range from $69,900 to $599,900
Average LIST price - $203,400
5 Sold - Average SOLD price - $185,000
15 Contingent or Pending Sale
48 Active
Months of Inventory (Active Listings only)
< $175K - Less than 1 month
$175 - $275K - 3.4 months
> $275K - 18 months

Corvallis
74 listings
Prices range from $132,000 to $650,000
Average LIST price - $331,890
6 Sold - Average SOLD price - $309,150
20 Contingent or Pending Sale
47 Active
Months of Inventory (Active Listings only)
< $175K - Less than 1 month
$175 - $275K - Less than 1 month
> $275K - 1.37 months


Saturday, February 10, 2007

Corvallis

Active Listings: 117 ($132,000 to $849,000)
Average Days on the Market - 83.6 days
Average sales price across all categories...$349,360
Average dollar per square foot value just over $171.
SOLD Listings since August 2006
316 houses sold (53 per month); Average sales price - just over $302K, Average time on the market -100 days.
Overall 2.2 months of inventory available. My evaluation, it's still a Seller's Market in Corvallis.

Albany

Active Listings: 270 ($85,000 and to $995,000).
Average Days on the Market 107 days
Average asking price across all categories - $272,000
Average dollar per square foot value - $134
SOLD since August 2006
441 homes were sold with an average sales price of 202,600.
The average time on the market -103 days.
3.7 months of inventory, Albany is evaluated as still in a Seller's market, but seems to be seeing a slight slowdown.

Lebanon

Active Listings: 104 total homes ($69,000 - $599,000)
Average of 95 days on the market
Average asking price is $244,500
Average dollar per square foot value - $137.
SOLD since August 2006
244 homes sold (12 per month) with an average sales price of just under $150,000
Average time on the market - just under 95 days
Approximately 8 months of inventory available


Mortgage Info:

Interest rates have as of Friday 9 February, Interest rates, though they vary daily, are holding near recent lows. For borrowers with excellent credit and 20% down, 5.875% is still possible on a 30 year fixed rate mortgage without paying any discount points. Rates are based on risk, and the higher the loan-to-value, and the lower the credit score, the higher the borrowers rate. But a first time homebuyer with no money down, and good credit can potentially get 100% finance as low as 6.375% even without 2 years job history. However certain limitations do apply. Please check with your lender or mortgage professional for information specific to your situation.

Join us for the Real Estate Minute, at about 8:50am, Monday - Friday on 1580 KGAL during the morning update featuring Local News, Weather and Sports with Radio Ray and Weldon Greig.


Real Estate Talk brought to you by:

The Weed Man

Calegon Mortgage Group 258-5756

Aloha Blinds and Designs 619-3785

Pinnacle Mortgage in Corvallis and Albany 791-4343



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