West Linn Real Estate Market Results - September 1-7, 2008
Ron Ares September 8th, 2008
Closed and pending sales (14) in West Linn almost equaled the new listings (19) that came on the market in the first week of September. That’s the good news. But did you know there are over 450 homes and condos for sale in West Linn?
Below is the West Linn real estate activity for the week September 1-7, 2008:
NEWLY LISTED
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT
|
TYPE OF HOME |
DATE LISTED
|
| 4640 SUMMERLINN WAY |
$187,000
|
1
|
1
|
893
|
CONDO |
9/1
|
| 20282 S HOODVIEW AVE |
$239,900
|
3
|
2.1
|
1,503
|
ATTACHD |
9/3
|
| 6280 HOLMES ST |
$249,900
|
3
|
1
|
1,520
|
DETACHD |
9/3
|
| 1233 9TH ST |
$279,900
|
3
|
1
|
1,040
|
DETACHD |
9/2
|
| 1195 DOLLAR ST |
$305,000
|
3
|
1
|
1,010
|
DETACHD |
9/3
|
| 4225 SUSSEX ST |
$319,950
|
3
|
2.1
|
1,763
|
DETACHD |
9/4
|
| 3791 KENTHORPE WAY |
$359,000
|
3
|
2
|
1,526
|
DETACHD |
9/3
|
| 3224 WILD ROSE LOOP |
$380,000
|
4
|
2.1
|
2,429
|
DETACHD |
9/3
|
| 19803 BENNINGTON CT |
$399,999
|
4
|
2.1
|
1,967
|
DETACHD |
9/1
|
| 4720 COHO LN |
$465,000
|
3
|
2.1
|
2,322
|
DETACHD |
9/3
|
| 21390 MILES DR |
$649,900
|
4
|
2.1
|
3,625
|
DETACHD |
9/4
|
| 1980 ALPINE DR |
$699,000
|
6
|
3.1
|
4,204
|
DETACHD |
9/3
|
| 448 SW ALDERWOOD DR |
$899,900
|
2
|
3.1
|
3,243
|
DETACHD |
9/4
|
| 2610 LEXINGTON TER |
$949,000
|
5
|
4.1
|
5,882
|
DETACHD |
9/4
|
| 3802 WELLINGTON CT |
$1,068,000
|
4
|
4.1
|
5,610
|
DETACHD |
9/5
|
| 1301 SW SCHAEFFER RD |
$1,099,000
|
4
|
2.1
|
4,474
|
DETACHD |
9/4
|
| 23525 JOHNSON RD |
$1,150,000
|
3
|
3
|
3,628
|
DETACHD |
9/3
|
| 334 S WILDA RD |
$1,595,000
|
4
|
4
|
3,851
|
DETACHD |
9/1
|
| 22675 JOHNSON RD |
$1,699,000
|
4
|
3.2
|
4,827
|
DETACHD |
9/6
|
PENDING SALES
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT
|
TYPE OF HOME |
DOM
|
| 20910 FAWN CT |
$88,790
|
1
|
1
|
720
|
CONDO |
126
|
| 1220 13TH ST |
$259,900
|
2
|
2
|
2,704
|
DETACHD |
82
|
| 2513 PIMLICO DR |
$324,900
|
3
|
2
|
1,700
|
DETACHD |
159
|
| 2395 ROGUE WAY |
$440,000
|
4
|
2.1
|
2,320
|
DETACHD |
93
|
| 2756 Ridge lot 45 LN |
$717,396
|
3
|
3.1
|
3,068
|
DETACHD | |
| 2393 TAYLOR DR |
$725,000
|
6
|
4
|
4,491
|
DETACHD |
141
|
| 2768 Ridge Lot 40 LN |
$769,900
|
4
|
3
|
3,328
|
DETACHD |
SOLD
| ADDRESS | ORIGINAL PRICE | SOLD PRICE |
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT
|
TYPE OF HOME |
DOM
|
| 20671 S NOBLE LN |
$264,900
|
$260,000
|
3
|
2.1
|
1,480
|
ATTACHD |
144
|
| 4839 SW SUMMIT ST |
$443,900
|
$399,000
|
4
|
2.1
|
2,792
|
DETACHD |
79
|
| 1096 Meek (62) WAY |
$460,747
|
$410,000
|
3
|
2.1
|
1,842
|
DETACHD | |
| 22510 OREGON CITY LOOP |
$473,795
|
$429,000
|
4
|
2.1
|
2,168
|
DETACHD |
97
|
| 18815 PARKWOOD PL |
$545,000
|
$430,000
|
4
|
2
|
2,391
|
DETACHD |
134
|
| 2990 SUNBREAK LN |
$734,900
|
$608,000
|
4
|
2.1
|
3,417
|
DETACHD |
326
|
| 2001 Mountain View CT |
$794,450
|
$725,000
|
4
|
2.1
|
3,393
|
DETACHD |
Criteria: Homes in the 97068 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS ). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer.
Related posts:
- West Linn Real Estate Market Activity - September 15-21, 2008
- West Linn Real Estate Market Activity - June 2-8, 2008
- West Linn Real Estate Market Activity - September 29 - October 5, 2008
- West Linn Real Estate Activity - August 11-17, 2008
- West Linn Real Estate Market Results - December 29, 2008 - January 4, 2009
“….there are over 450 homes and condos for sale in West Linn?”
What would be interesting to see is the ratio of homes for sale to homes sold. For example, 450 homes for sale and 14 homes sold, which is a ratio of about 32:1, which means that for every 1 home sold, there are 32 that didn’t sell. In other words, a seller has a 3% chance of selling their home for a particular week. Good for buyers, bad for sellers. How has the ratio trended over the last few months ? What needs to be done to improve the ratio in favor of the seller ? Do prices need to fall ? If so, how much ? What else can be done ? Am I wrong with my analysis ?