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Corvallis Real Estate | Average Sales Price History
Average sales price history and comparison as of year end from 2000 through 2011.
Data includes residential type properties (including residential with acreage) for Corvallis, Oregon.
(click on graph for a larger view)
| Corvallis | |
| Year | Avg Sales Price |
| 2000 | $177,939 |
| 2001 | $190,321 |
| 2002 | $188,330 |
| 2003 | $208,275 |
| 2004 | $236,155 |
| 2005 | $251,359 |
| 2006 | $291,958 |
| 2007 | $305,483 |
| 2008 | $301,363 |
| 2009 | $281,707 |
| 2010 | $279,284 |
| 2011 | $272,966 |
It is interesting to note that the Corvallis real estate market has held much better than most other markets through-out the country and even nearby communities in Oregon.
From the “peak” until the end of 2011 there is only about a 10.6% reduction in average sales price. It should be noted that “averages” cannot be directly applied to individual properties as there are many factors that influence value and market-ablity. Additionally, the average is also influenced by the number of sales in various price tiers (fewer sales in the upper price tiers and more sales in the lower price tiers will create a lower average).
Related Links: Corvallis Sales Volume, residential real estate sales history
Source of data Willamette Valley Multiple Lising Service (WVMLS)
Home For Sale | 3145 NW McKinley Drive, Corvallis, Oregon 97330
Looking for a home to buy in Corvallis, Oregon? This could be the one…
Comfortable living and a tranquil setting in a beautiful NW Corvallis location. Plenty of play space on .25 ac lot. Oak flooring in most living areas; carpet in family room, tile entry and Marmoleum® in kitchen and 2 baths. Open kitchen has stainless appliances, quartz counters and artistic tile splash. 2 woodburning fireplaces. Lower level bonus room. 4 bedrooms, 3.5 baths, ±2133 square feet, .25 acre lot.
Comfortable living and a tranquil setting in a beautiful northwest Corvallis location. Plenty of sunny spots and the opportunity to enjoy the dappled sunlight as it filters through the mature trees. Spacious .25 acre lot provides an abundance of outdoor play space. Inside you’ll appreciate the recently refinished oak flooring in most of the main living spaces; newer carpet in the cozy family room; updated tile entry and newer Marmoleum in kitchen and upper level baths. The open kitchen has newer stainless appliances, quartz counters with a delightfully artistic tile splash, a large hammered copper sink and newer lighting. Woodburning fireplaces in the main level family room and the living room are great for cozy, quiet time. Picture windows capture the natural feel. The lower level bonus with nearby bath has potential for dual living, home office, or hobby space. Additionally, you’ll find a half-bath located off the main level laundry, near the kitchen and family room and a spacious 2-car garage.
This home is located close to several great Corvallis Parks, including Cloverland Park (approx. .50 mile); Timberhill City Park (approx .25 mile); Timberhill Natural Area (approx. 3 miles) includes 47 acres of natural area; Riverfront Commemorative Park in Downtown Corvallis (approx. 3mi).
This property also provides easy access to Good Samaritan Regional Medical Center (approx. 2.5 miles); Oregon State University (approx. 2.5 miles); local shopping at Timberhill Shopping Center (approx .5 mile) and of course many, many more local attractions and amenities.
World’s Most Ethical (WME) Companies | Realogy Makes the List
Very proud to see that Realogy is included as one of the World’s Most Ethical (WME) Companies.
Realogy is the parent company for Coldwell Banker. Another good reason to be affiliated. Check out the original post: List of World’s Most Ethical Companies
Freddie Mac 30 Year Rate Histories
These charts of 30 year mortgage loan rate histories (Freddie Mac rates) were provided by a local lender and are used with permission. It is very interesting to see how low rate really are right now, especially in relation to the past.
If it makes sense for your life goals, the lower price of homes coupled with the low interest rates create a time of opportunity. But, only if it makes sense for your life goals as well. There is financing available for people that have good credit and verifiable income.
These charts were provided courtesy of:
Dolly Davis
Production Manager
Mortgage Consultant
PrimeLending, A PlainsCapital Company
1390 Liberty St S.E.
Salem, OR 97302
Phone: 503-362-0111
Mobile: 503-580-0029
Fax: 877-643-6101
www.dollydavis.com
4 Things that Can Undo Your Real Estate Loan Approval
Everyone knows that when you first apply for a home loan, your credit needs to be in good shape, but did you know that what you do during the processing of your loan can have an impact too?
Lenders look at:
- Credit balances and minimum payments
- Credit depth (the number of accounts, with or without balances and length of time that the accounts have been open)
- Inquiries in the past 120 days that could result in new credit
- Judgments or liens
The credit report that’s pulled when you first apply for a real estate loan is not the only one that gets pulled. That credit report needs to be updated after 90 days and it’s very likely that there will be a second credit check at underwriting (that’s a pretty close to closing) just to make sure that nothing has changed.
Changes that could result in the need to re-qualify for the loan, possibly creating a delay or even stop you from getting your loan:
- New Loans–don’t do it, don’t get any new credit while you are in the process of buying a home
- Increased balances on existing credit line–don’t do it, don’t use that credit line to pay for appraisals, inspections or anything else
- Inquiries by potential creditors–don’t do it, don’t shop for a new car, appliances, home improvement or furniture
- Derogatory items (reports of late payments etc.)–in this case, do it, pay it on time or early, pay the whole amount due.
Equal Housing Opportunity. Each Office Is Independently Owned and Operated.