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Mike Middaugh, Real Estate Pro in Corvallis, OR

How do you feel the real estate market is in Corvallis?

Asked by Mike Middaugh, Corvallis, OR Thu Sep 26, 2013

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The market is continuing strong through the winter months. We have less than 3 months of inventory for single family residences on less than an acre. Each neighborhood and price range is a micro market. At prices that are less than the market average we are seeing multiple bid situations when the house is priced correctly and in good condition. Buyers are still somewhat nervous about leaping into a purchase so they are fully investigating a house to make sure that they are making an intelligent purchase.
0 votes Thank Flag Link Fri Dec 27, 2013
We have low inventory. In most segments this is a clear seller's market. See here our absorption rates for Sept:Corvallis
Price Range Active Listings as of 10/2/2013 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 - $99,999 2 1 0.17 12.00 42
$100,000 - $149,999 * 7 1.17 * 90
$150,000 - $199,999 13 50 8.33 1.56 91
$200,000 - $249,999 15 104 17.33 0.87 81
$250,000 - $299,999 39 74 12.33 3.16 84
$300,000 - $349,999 18 57 9.50 1.89 80
$350,000 - $399,999 20 38 6.33 3.16 93
$400,000 - $449,999 12 21 3.50 3.43 148
$450,000 - $499,999 10 9 1.50 6.67 81
$500,000 - $599,999 6 10 1.67 3.60 161
$600,000 - $699,999 1 3 0.50 2.00 78
$700,000 + 4 4 0.67 6.00 169
140 378 2.22 100

Concerning rental/investment property this is a great and very current article:
http://www.gazettetimes.com/corvallis-rental-market-softenin…

hope that helps for starters, I am available to answer more questions 541 207 5551
0 votes Thank Flag Link Mon Oct 7, 2013
I LOVE MELISSADATA for this. Try their website, it gives you great statistics:

http://www.melissadata.com/lookups/index.htm
0 votes Thank Flag Link Thu Sep 26, 2013
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