Dava Behrens’ 2013 Mid-Willamette Valley Market Study
I’m Dava Behrens; a licensed real estate broker in the state of Oregon. I love my job and the wonderful people I meet and interact with. I have lived in Corvallis for more than 20 years and I love it here. The weather, the natural green environment, the close proximity to the coast and the mountains, the wonderful people, and the community I call home. I love it all. I am known as many things to different people. Wife, mother, grandmother, sister, aunt, daughter, friend, real estate maven, scrapbooking buddy, amateur gardener, neighbor, mermaid collector, and crazed photographer. I’m a sports fan, but only when it comes to the Beavs. I will gladly wear black and orange to show my support! I love to garden and play with plants. My favorite flower are orchids, but I also have an affinity for succulents. Antique shopping is another pastime I enjoy, especially when I find something to plant those succulents in! I am thoroughly involved within my community. I support local organizations like the Arts Center, Heart of the Valley Children’s Choir, and the Corvallis Boys and Girls Club. I am a Southern California transplant and still have a deep appreciation for the ocean, surfing, and Woodie cars. I have been involved in all aspects of real estate transactions for my entire adult career: sales, finance, title, escrow, and construction. This experience gives me the knowledge to guide my clients through what is usually the most significant financial event of their lives— buying or selling a home. As a full-time, full service real estate professional, I am committed to “doing what it takes” to deliver superior customer service. Designations: Certified Home Marketing Specialist Certified Negotiation Specialist Graduate Realtor Institute® General Member of Council of Residential Specialist (CRS) Memberships: Willamette Association of REALTORS® Oregon Association of REALTORS® National Association of REALTORS® Awards: Certificate of Excellence in 2009 from Benton County, City of Corvallis Historic Resources Commissions, and Preservation Works for my work with the historic neighborhoods of Corvallis Willamette Association of REALTORS® 2012 REALTOR® Of The Year for my level of involvement and commitment to my community and REALTOR® standards Coldwell Banker® Company Awards International President’s Circle International Diamond Society International Sterling Society
Included in this report: Corvallis Albany North Albany Philomath Lebanon For further analysis of each of these areas, please refer to my website:
www.DavaRealEstate.com Summary Source This market study was compiled using information from the Willamette Valley Multiple Listing Service. Although the WVMLS does not entail 100% of the market, it does comprise a significant majority. In my opinion, the statistics, trends, and information contained herein are an accurate reflection of the Mid-Willamette Valley market. Area This report covers property within both Linn and Benton counties, in specific cities. It does NOT include outlying areas and Alsea, Monmouth, Brownsville, Jefferson, Scio, Sweet Home, or other small communities. Time This report was prepared in January of 2014. Sales figures have been compiled since 2005. The term “Currently Listed� refers to properties actively listed for sale and pending sales in the WVMLS as of January 1, 2014
Corvallis Residential Properties 2005
2006
2007
2008
2009
2010
2011
2012
2013
779
772
651
501
464
469
496
573
690
Average Sale Price
$251,359
$291,958
$305,483
$301,363
$281,707
$279,284
$272,966
$285,772
$298,514
% Change in Price VS Previous Year
6%
16%
4%
<1%>
<6%>
<0.8%>
<2%>
4%
4%
Days on Market
111
107
107
114
133
128
127
118
99
Number of Active Homes
NA
NA
NA
278
256
266
209
150
151
Number of Sales
Number of Sales
Year
Currently Active Homes Average Sales Price
Corvallis Residential Properties
Year
Year
Albany Residential Properties 2005
2006
2007
2008
2009
2010
2011
2012
2013
997
965
795
489
472
462
432
469
516
Average Sale Price
$166,639
$193,515
$198,199
$194,490
$180,037
$159,209
$152,843
$159,435
$172,021
% Change in Price VS Previous Year
11%
16%
2%
<1%>
<7%>
<11%>
<3%>
4%
7%
Days on Market
114
111
125
145
136
133
139
135
131
Number of Active Homes
NA
NA
NA
343
326
276
225
180
156
Number of Sales
Number of Sales
Year
Currently Active Homes
Average Sales Price
Albany Residential Properties
Year
Year
North Albany Residential Properties 2005
2006
2007
2008
2009
2010
2011
2012
2013
204
120
120
104
106
140
114
146
216
Average Sale Price
$280,895
$300,467
$331,243
$308,836
$267,337
$246,155
$227,137
$244,220
$255,346
% Change in Price VS
25%
6%
10%
<6%>
<13%>
<7%>
<7%>
7%
4.5%
Days on Market
147
101
107
158
131
144
166
145
119
Number of Active Homes
NA
NA
NA
89
100
86
74
63
75
Number of Sales
Number of Sales
Year
Average Sales Price
North Albany Residential Properties
Currently Active Homes
Year
Year
Philomath Residential Properties 2005
2006
2007
2008
2009
2010
2011
2012
2013
102
94
69
78
67
79
75
68
82
Average Sale Price
$234,232
$273,566
$300,784
$281,485
$240,809
$242,126
$248,024
$218,373
$230,932
% Change in Price VS Previous Year
11%
16%
9%
<6%>
<14%>
0.5%
2%
<11%>
5%
Days on Market
105
97
104
164
163
159
147
127
142
Number of Active Homes
NA
NA
NA
71
54
47
41
39
28
Number of Sales
Number of Sales
Year
Currently Active Homes Average Sales Price
Philomath Residential Properties
Year
Year
Lebanon Residential Properties 2005
2006
2007
2008
2009
2010
2011
2012
2013
512
470
360
247
244
310
292
276
326
Average Sale Price
$157,254
$178,092
$182,222
$181,181
$156,349
$151,789
$135,051
$147,304
$166,657
% Change in Price VS
14%
13%
2%
<0.5%>
<13%>
<2%>
<11%>
9%
13%
Days on Market
119
106
115
131
143
155
146
142
138
Number of Active Homes
NA
NA
NA
237
233
222
207
135
135
Number of Sales
Number of Sales
Year
Currently Active Homes
Average Sales Price Lebanon Residential Properties
Year
Year
2013 Success Stories
4790 NW Walnut Blvd, Corvallis
33850 NE Freeman Ln, Corvallis
3512 SW Willamette Ave, Corvallis
Lot on Dawnwood Dr, Philomath
5430 SW Windflower Dr, Corvallis
2725 NW Arthur Ave, Corvallis
5893 SW Englewood Ave, Corvallis
4853 SW Roseberry St, Corvallis
29456 Newton Rd, Corvallis
2418 NW Hummingbird Dr, Corvallis
2078 NW Lance Way, Corvallis
4408 NW Honeysuckle Dr, Corvallis
2675 Oak Ridge St NW, Albany
1540 NW 12th St, Corvallis
2013 Success Stories
4903 NW Zinnia Pl, Corvallis
5420 SW Windflower Dr, Corvallis
924 NW Meadow Ridge Pl, Corvallis
3025 Hurleywood Dr NW, Corvallis
5655 SW Cherry Ave, Corvallis
39273 River Dr, Lebanon
2673 Red Oak St NW, Albany
1720 W Thornton Lake Dr NW, Albany
3345 SW Long Ave, Corvallis
2200 NW Elder St, Corvallis
821 Wyatt Ln, Philomath
3007 NW Grant Pl, Corvallis
650 N 12th St, Philomath
213-215 NE Azalea Dr, Corvallis
826 9th Ave SW, Albany
2330 NW Hayes Ave, Corvallis