Archive for Statistics

Sales Statistics for Corvallis Oregon Residential Real Estate

Corvallis Oregon Residential Sales Statistics as of November 30, 2009

The following sales statistics include comparisons of number of sales, average sales price and price range volume.  Data includes residential sales for Corvallis, OR (no condo and/or manufactured homes or acreage.)

The 2009 average sales price reflects a drop from the 2007 high. This shows a shift in sales volume from the higher sales price range to the lower-middle sales price range. It does not mean that the value/price of an individual property has dropped by a specific amount or percentage. When the sales volume (number of sales in a specific price range) shifts from one price point to another, there will be a change in the average.  

 

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The numberof closed sales in the early part of 2009 was off significantly from prior years. This 2009 year has been unusual in that the seasonal adjustment typically seen has been lower than in prior years. Homebuyer credits and low interest rates have contributed to stronger sales in summer and fall and to the higher number of transaction in the lower price range. The number of closed transactions for 2009 compared to 2006 (January 1 through November 30) is down 37%; 2007 compared to 2009 is down 29.5%; 2008 compared to 2009 is down 11.5%. It should be noted that 2006 and 2009 were unusual years in opposite extremes. Somewhere in the middle a return to normal will appear. It appears that the market is returning to a more normal, balanced supply and demand status.

Note: Sales statistics are for the year-to-date period ending 11/30/09 and include Corvallis residential properties, no manufactured homes or condominiums, under one acreage. Data source Willamette Valley MLS. 

Philomath, Oregon | Absorption Rates through November 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 12/9/2009

Price Range	Active Listings as of 12/9/2009	Sold Listings Last 6 Mos.	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	*	1	0	*	55
$100,000 – $149,999	4	9	2	3	181
$150,000 – $199,999	10	7	1	9	118
$200,000 – $249,999	9	8	1	7	198
$250,000 – $299,999	6	3	1	12	301
$300,000 – $349,999	3	2	0	9	77
$350,000 – $399,999	3	2	0	9	143
$400,000 – $449,999	1	2	0	3	93
$450,000 – $499,999	1	1	0	6	153
$500,000 – $599,999	*	*	*	*	*
$600,000 – $699,999	*	*	*	*	*
$700,000 +	1	1	0	6	14
	38	36		7	133

Lebanon, Oregon | Absorption Rates through November 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 12/9/2009

Price Range	Active Listings as of 12/9/2009	Sold Listings Last 6 Months	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	11	20	3	3	84
$100,000 – $149,999	44	48	8	6	131
$150,000 – $199,999	43	31	5	8	155
$200,000 – $249,999	19	14	2	8	247
$250,000 – $299,999	14	2	0	42	249
$300,000 – $349,999	3	*	0	*	*
$350,000 – $399,999	1	1	0	*	67
$400,000 – $449,999	*	*	0	*	*
$450,000 – $499,999	2	*	0	*	*
$500,000 – $599,999	*	*	0	*	*
$600,000 – $699,999	*	*	0	*	*
$700,000 +	*	*	0	*	*
	137	116		13	156

Corvallis, Oregon | Absorption Rates through November 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 12/9/2009

Price Range	Active Listings as of 12/9/2009	Sold Listings Last 6 Mos.	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	*	*	0	*	*
$100,000 – $149,999	8	8	1	6	100
$150,000 – $199,999	34	40	7	5	101
$200,000 – $249,999	45	84	14	3	112
$250,000 – $299,999	39	62	10	4	160
$300,000 – $349,999	21	33	6	4	136
$350,000 – $399,999	24	16	3	9	170
$400,000 – $449,999	20	10	2	12	149
$450,000 – $499,999	7	4	1	11	166
$500,000 – $599,999	17	10	2	10	195
$600,000 – $699,999	5	2	0	15	108
$700,000 +	7	3	1	14	198
	227	272		8	145

Albany, Oregon | Absorption Rates through November 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 12/9/2009

Price Range	Active Listings as of 12/9/2009	Sold Listings Last 6 Months	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	18	17	3	6	104
$100,000 – $149,999	60	73	12	5	116
$150,000 – $199,999	123	129	22	6	121
$200,000 – $249,999	83	63	11	8	165
$250,000 – $299,999	45	35	6	8	180
$300,000 – $349,999	28	10	2	17	116
$350,000 – $399,999	19	8	1	14	240
$400,000 – $449,999	3	*	0	*	*
$450,000 – $499,999	1	1	0	6	78
$500,000 – $599,999	3	1	0	18	157
$600,000 – $699,999	1	1	0	6	337
$700,000 +	*	*	0	*	*
	384	338		9	161

Philomath, Oregon | Absorption Rates through October 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 11/10/2009

Price Range	Active Listings as of 11/10/2009	Sold Listings Last 6 Mos.	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	*	1	0	*	55
$100,000 – $149,999	4	8	1	3	177
$150,000 – $199,999	9	5	1	11	122
$200,000 – $249,999	9	8	1	7	198
$250,000 – $299,999	5	3	1	10	301
$300,000 – $349,999	3	2	0	9	117
$350,000 – $399,999	3	2	0	9	143
$400,000 – $449,999	2	1	0	12	106
$450,000 – $499,999	1	*	*	*	*
$500,000 – $599,999	1	*	*	*	*
$600,000 – $699,999	*	*	*	*	*
$700,000 +	1	1	0	6	14
	38	31		8	137

Lebanon, Oregon | Absorption Rates through October 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 11/10/2009

Price Range	Active Listings as of 11/10/2009	Sold Listings Last 6 Months	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	10	22	3.67	2.73	84
$100,000 – $149,999	41	45	7.50	5.47	126
$150,000 – $199,999	43	28	4.67	9.21	147
$200,000 – $249,999	18	12	2.00	9.00	249
$250,000 – $299,999	12	4	0.67	18.00	248
$300,000 – $349,999	3	*	0.00	*	*
$350,000 – $399,999	*	1	0.17	*	67
$400,000 – $449,999	1	*	0.00	*	*
$450,000 – $499,999	2	*	0.00	*	*
$500,000 – $599,999	*	*	0.00	*	*
$600,000 – $699,999	*	*	0.00	*	*
$700,000 +	*	*	0.00	*	*
	130	112		8.88	154

Corvallis, Oregon | Absorption Rates through October 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 11/10/2009

Price Range	Active Listings as of 11/10/2009	Sold Listings Last 6 Mos.	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	*	1	0.17	*	41
$100,000 – $149,999	7	11	1.83	3.82	105
$150,000 – $199,999	29	38	6.33	4.58	99
$200,000 – $249,999	46	83	13.83	3.33	115
$250,000 – $299,999	46	56	9.33	4.93	152
$300,000 – $349,999	24	32	5.33	4.50	135
$350,000 – $399,999	23	12	2.00	11.50	151
$400,000 – $449,999	23	13	2.17	10.62	158
$450,000 – $499,999	8	3	0.50	16.00	151
$500,000 – $599,999	13	11	1.83	7.09	218
$600,000 – $699,999	7	2	0.33	21.00	108
$700,000 +	9	2	0.33	27.00	93
	235	264		10.40	127

Albany, Oregon | Absorption Rates through October 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 11/10/2009

Price Range	Active Listings as of 11/10/2009	Sold Listings Last 6 Months	Average Sold Per Month	Months of Inventory	Av. Days on Market Solds
$0 – $99,999	19	11	1.83	10.36	121
$100,000 – $149,999	59	65	10.83	5.45	117
$150,000 – $199,999	110	115	19.17	5.74	123
$200,000 – $249,999	87	62	10.33	8.42	164
$250,000 – $299,999	42	31	5.17	8.13	168
$300,000 – $349,999	29	10	1.67	17.40	165
$350,000 – $399,999	18	6	1.00	18.00	215
$400,000 – $449,999	3	*	0.00	*	*
$450,000 – $499,999	1	1	0.17	6.00	78
$500,000 – $599,999	3	1	0.17	18.00	157
$600,000 – $699,999	2	1	0.17	12.00	337
$700,000 +	1	*	0.00	*	*
	374	303		10.95	165

Corvallis, Oregon and the Coldwell Banker College Town Home Price Index

Corvallis, Oregon is one of the most affordable of the rated west coast college towns. The survey compares homes in 120 Football Bowl Subdivision Schools and compares homes of similar size and room count (2,200 square foot, four-bedroom, two-and-a-half bathroom) throughout these markets. Some Interesting information gleaned from the survey:

• Average price for this type of home for Oregon State University, in the Corvallis, Oregon market is $317,667
  
• The University of Oregon, in Eugene, Oregon ranked 98 and had an average price of $314,038
• Other West Coast Schools include:
  •  Stanford University, in Palo Alto at $1,489,726
  •  UCLA and USC in Los Angeles, CA at $1,347,125
  •  San Diego Sate University, San Diego, CA at $461,650
  • The University of Washington in Seattle Washington at $568,317
    
• The average for the entire Pac10 stood at $747,180 (the Oregon schools are very affordable in comparison)

For a complete look at the HPCI (Home Price Comparison Index) for College Towns

Jim Gillespie, President and CEO of Coldwell Banker Corporation talks with Fox News about the College Town Home Price Affordablity Index and the benefits of buying and living in a collge town.

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