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

House of Representatives Approves Tax Credit | Bill Signed by President

Update:  Bill signed into law by President Obama this morning. 11/06/2009


Now, it’s on to President Obama for signature in the next few days.

Here’s a chart of the differences between the existing tax credit and the revised (primarily there’s provisions not just for First Time Homebuyers but also for those that have owned a home and are purchasing a replacement property.)  There are many fine points to the changed tax rules.  It is in your best interest to get advice from qualified tax professionals and understanding your options in relation to these “new” tax guidelines.

The Home-buyer Credit is an amendment (S. A. 2712) to the Unemployment Compensation Extension Act (H.R. 3548)
Tax Credit Comparison Chart (Jan 1, 2009 compared to Decebmer 1, 2009)

(click on chart for a larger view or use your zoom tool on your browser)

This should prove to be very helpful for buyers and sellers in the Corvallis, Oregon and surrounding markets of Albany, Oregon; Philomath, Oregon; Lebanaon, Oregon and Linn and Benton County by creting movement throughout the market, not just in the “first time homebuyer” segment.

Lebanon, Oregon | Absorption Rates through September 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Data taken from WVMLS 10/13/2009

Price Range Active Listings as of 10/13/2009 Sold Listings Last 6 Months Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 13 19 3.17 4.11 82
$100,000 – $149,999 54 40 6.67 8.10 131
$150,000 – $199,999  49 26 4.33 11.31 128
$200,000 – $249,999 20 11 1.83 10.91 279
$250,000 – $299,999 11 4 0.67 16.50 165
$300,000 – $349,999 6 * 0.00 * *
$350,000 – $399,999 2 * 0.00 * *
$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 * *
  158 100   10.18 157

Monthly Statistics – August 2009

These are monthly statistics provided by the Willamette Valley Multiple Listing Service. The statistics reflect the changes in number of sales, prices, new construction sales and more from the Willamette Valley real estate market.

Lebanon, Oregon | Absorption Rates through August 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Information taken from WVMLS 9/8/2009

Price Range Active Listings as of 9/8/2009 Sold Listings Last 6 Months Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 15 18 3.00 5.00 82
$100,000 – $149,999 51 32 5.33 9.56 128
$150,000 – $199,999  62 23 3.83 16.17 127
$200,000 – $249,999 25 9 1.50 16.67 207
$250,000 – $299,999 12 6 1.00 12.00 152
$300,000 – $349,999 4 * 0.00 * *
$350,000 – $399,999 2 * 0.00 * *
$400,000 – $449,999 1 * 0.00 * *
$450,000 – $499,999 3 * 0.00 * *
$500,000 – $599,999 * * 0.00 * *
$600,000 – $699,999 * * 0.00 * *
$700,000 + * * 0.00 * *
175 88 11.88 139

Monthly Statistics – July 2009

These are monthly statistics provided by the Willamette Valley Multiple Listing Service. The statistics reflect the changes in number of sales, prices, new construction sales and more from the Willamette Valley real estate market.

Lebanon, Oregon | Absorption Rates through July 2009

Includes all single-family residential properties on less than two acres
as reported by WVMLS.
Information taken from WVMLS 8/11/2009

Price Range Active Listings as of 8/11/2009 Sold Listings Last 6 Months Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 14 15 2.50 5.60 86
$100,000 – $149,999 64 27 4.50 14.22 131
$150,000 – $199,999  64 22 3.67 17.45 142
$200,000 – $249,999 30 8 1.33 22.50 209
$250,000 – $299,999 10 5 0.83 12.00 168
$300,000 – $349,999 4 * 0.00 * *
$350,000 – $399,999 2 * 0.00 * *
$400,000 – $449,999 1 * 0.00 * *
$450,000 – $499,999 3 * 0.00 * *
$500,000 – $599,999 * * 0.00 * *
$600,000 – $699,999 * * 0.00 * *
$700,000 + * * 0.00 * *
  192 77 1.07 14.36 147

Information You Need to Know about Electrical Panels

Important information for buyers and sellers in the Corvallis, Albany and Philomath markets.

One of the most important aspects of a home is safety.  Sometimes being safe is tied to being informed.  One of the areas where I can help as a professional is in identifying a potential problem and assuring that it’s dealt with properly either before your home goes on the market (if you’re a seller or through the offer/home inspection process if you are a buyer).  One item that we frequently run across in the our market–Corvallis, Albany, Philomath and Lebanon, Oregon–is problem electrical panels (Federal Pacific and Zinsco).  Many of these were installed years ago… and appear to function just fine, but remember just because you don’t see the problem, doesn’t mean it’s not there…   Please consider a review of the following link regarding problem electrical panels, you may find it interesting and it may prevent a fire.  Once you’ve reviewed it, you can decide if you need further assistance from a qualified electrician.

Is My Electrical Panel Safe?

New Lending Requirements–May Delay Closings…

There are new regulations coming into place that may affect your ability to close your home purchase in a timely manner. Buyers and Sellers need to recognize that the closing date on the contract may need to be extended to accommodate changing circumstances. This brochure was provided to me by a top lender. It’s well written and easy to understand.

Monthly Statistics – June 2009

These are monthly statistics provided by the Willamette Valley Multiple Listing Service. The statistics reflect the changes in number of sales, prices, new construction sales and more from the Willamette Valley real estate market.

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