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Market Report: Absorption Rates for Corvallis, OR March 2014

Corvallis
Price Range Active Listings as of 4/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 4 0.67 1.50 94
$100,000 – $149,999 2 3 0.50 4.00 94
$150,000 – $199,999 15 22 3.67 4.09 108
$200,000 – $249,999 30 57 9.50 3.16 76
$250,000 – $299,999 20 34 5.67 3.53 87
$300,000 – $349,999 22 29 4.83 4.55 99
$350,000 – $399,999 12 19 3.17 3.79 85
$400,000 – $449,999 12 17 2.83 4.24 99
$450,000 – $499,999 9 6 1.00 9.00 60
$500,000 – $599,999 8 5 0.83 9.60 171
$600,000 – $699,999 1 * 0.00 * *
$700,000 + 3 * 0.00 * *
135 196 4.13 97
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Under Contract! 3675 NW Highland Dr

2Here is your chance to have gardens, chickens and room to roam so close to town, shopping and schools. This spacious and light filled home features hardwood floors and lots of light, dual living possible with separate entrances on both levels. 1 well usable acre of land, partially fenced.

3675 NW Highland Dr is currently offered at $280,000

Click on any of the images below to open a larger version and see more of this amazing property for yourself!

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Under Contract! 5445 NW Crescent Valley Dr

5445 NW Crescent Valley Dr

Enjoy sweeping views towards the Cascades in the distance and fields and woods close by. Simply beautiful estate! Bright and airy living and dining room with wood burning fire place and large windows, inviting light and views in. Office/den on main has a closet and could be used as 5th bedroom. Large Eat in kitchen with woodstove and FR on Yard side. Studio w/ shower bath above 3 bay shop. Raised beds and fruit trees, plenty of gardening space.

Currently offered at $635,000

Want to see more? Check out the Virtual Tour!

Click on any of the images below to open a larger version and see more of this amazing property for yourself!

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Under Contract! 4250 SW Agate Ave

4250 SW Agate AveYou need versatility, dual living opportunities and single level living but do not want to sacrifice beauty and location? 4250 SW Agate Avenue has it all! Enjoy a more than generous Great Room with an elegant Gourmet Kitchen, distinct spaces to dine and converse, two gas fire places, a wet bar and soaring ceilings. Entertaining or a quiet evening with a book, this layout accommodates it all. Separate, self contained guest house with kitchenette and bath. Views of green space, Coastal Range w/ Mary’s Peak.

Currently offered at $635,000

Want to see more? Check out the Virtual Tour!

Click on any of the images below to open a larger version and see more of this amazing property for yourself!

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Market Report: Absorption Rates for Corvallis, OR February 2014

Corvallis
Price Range Active Listings as of 3/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 4 0.67 1.50 94
$100,000 – $149,999 2 4 0.67 3.00 87
$150,000 – $199,999 13 23 3.83 3.39 102
$200,000 – $249,999 25 67 11.17 2.24 80
$250,000 – $299,999 27 41 6.83 3.95 81
$300,000 – $349,999 23 32 5.33 4.31 90
$350,000 – $399,999 11 21 3.50 3.14 91
$400,000 – $449,999 10 17 2.83 3.53 121
$450,000 – $499,999 13 7 1.17 11.14 84
$500,000 – $599,999 7 4 0.67 10.50 203
$600,000 – $699,999 1 1 0.17 6.00 79
$700,000 + 2 1 0.17 12.00 116
135 222 3.65 102

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Want to see the past rate tables and do the comparison for yourself?

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Market Report: Absorption Rates for Corvallis, OR January 2014

Corvallis
Price Range Active Listings as of 2/6/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 3 0.50 2.00 110
$100,000 – $149,999 2 7 1.17 * 83
$150,000 – $199,999 8 39 6.50 1.23 92
$200,000 – $249,999 28 84 14.00 2.00 78
$250,000 – $299,999 27 67 11.17 2.42 89
$300,000 – $349,999 13 52 8.67 1.50 83
$350,000 – $399,999 13 31 5.17 2.52 83
$400,000 – $449,999 11 23 3.83 2.87 103
$450,000 – $499,999 8 8 1.33 6.00 82
$500,000 – $599,999 8 11 1.83 4.36 186
$600,000 – $699,999 2 1 0.17 12.00 79
$700,000 + 2 1 0.17 12.00 116
123 327 2.26 99

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

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Home Prices are Growing!

According to this article on CNNMoney, Corvallis home prices have been on the upswing. This is great news for the sellers, since it means that their homes are worth more and therefore fetch a higher sales price. The rental community has grown leaps and bounds too, since enrollment in OSU is up!

The downside? Inventory of homes for sale is limited. Prices are going up, yes, but availability is going down. Now is the best time for a Seller to put their house on the market and ride the wave!

Want a professional opinion of what your house might sell for? Call or email me for your FREE Comparative Market Analysis!

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Market Report: Absorption Rates for Corvallis, OR December 2013

Corvallis
Price Range Active Listings as of 1/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 3 0.50 2.00 110
$100,000 – $149,999 2 7 1.17 * 83
$150,000 – $199,999 8 39 6.50 1.23 92
$200,000 – $249,999 28 84 14.00 2.00 78
$250,000 – $299,999 27 67 11.17 2.42 89
$300,000 – $349,999 13 52 8.67 1.50 83
$350,000 – $399,999 13 31 5.17 2.52 83
$400,000 – $449,999 11 23 3.83 2.87 103
$450,000 – $499,999 8 8 1.33 6.00 82
$500,000 – $599,999 8 11 1.83 4.36 186
$600,000 – $699,999 2 1 0.17 12.00 79
$700,000 + 2 1 0.17 12.00 116
123 327 2.26 99

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Posted in Corvallis Updates, Market Reports | No Comments »

Market Report: Absorption Rates for Corvallis, OR November 2013

Corvallis
Price Range Active Listings as of 12/6/2013 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 2 0.33 3.00 121
$100,000 – $149,999 1 7 1.17 * 83
$150,000 – $199,999 11 40 6.67 1.65 95
$200,000 – $249,999 27 93 15.50 1.74 77
$250,000 – $299,999 32 70 11.67 2.74 89
$300,000 – $349,999 17 54 9.00 1.89 82
$350,000 – $399,999 15 34 5.67 2.65 74
$400,000 – $449,999 11 19 3.17 3.47 154
$450,000 – $499,999 8 9 1.50 5.33 88
$500,000 – $599,999 8 11 1.83 4.36 191
$600,000 – $699,999 3 2 0.33 9.00 70
$700,000 + 3 2 0.33 9.00 97
137 343 2.40 102

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Want to see the past rate tables and do the comparison for yourself?

Posted in Corvallis Updates, Market Reports | No Comments »

New Listing! 7147 NW Madrone Way

7147 NW Madrone WayCompletely rebuilt in 2013, this lovely and bright home offers a lot of modern conveniences! With an open floor plan, a second living space, a private master suite and so much more! All this on a very large lot that gives you so many options. Materials like Bamboo Floors and Granite Counters meet energy efficient elements, like a Tankless Water Heater.
Brand new, rebuilt from bare studs, all new electrical, plumbing, insulation, roof,  and windows!

Click on any of the images below to open a larger version and see more of this amazing property for yourself!

 

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