West Linn Real Estate Market Activity – March 23-29, 2009
Ron Ares March 30th, 2009
Sold properties and sale-pending properties equalled new listings last week in the West Linn real estate market. For those keeping score at home, nearly 50 homes have sold for the year, and there are currently 370 properties for sale. We’ll do a first quarter summary as the March results tally.
New listings can be viewed here, and ALL West Linn homes for sale can be viewed on a nifty neighborhood map at www.westlinnlistings.com.
NEWLY LISTED
| ADDRESS |
LIST PRICE
|
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
TYPE OF HOME |
DATE LISTED
|
| 2010 16TH ST |
$185,000
|
4
|
1
|
1,874
|
DETACHD |
3/25/05
|
| 20398 S NOBLE LN |
$239,900
|
3
|
2.1
|
2,510
|
ATTACHD |
3/25/05
|
| 4410 RIVERVIEW AVE |
$275,000
|
3
|
2
|
1,495
|
DETACHD |
3/25/05
|
| 20624 S NOBLE LN |
$279,000
|
3
|
2.1
|
1,546
|
ATTACHD |
3/28/05
|
| 2165 SW PATTULO WAY |
$327,500
|
2
|
2
|
1,365
|
DETACHD |
3/23/05
|
| 1736 REGENCY ST |
$379,900
|
4
|
2.1
|
2,154
|
DETACHD |
3/22/05
|
| 6820 APOLLO RD |
$399,000
|
4
|
3
|
2,706
|
DETACHD |
3/24/05
|
| 5535 SUMMIT ST |
$454,500
|
3
|
2.1
|
2,280
|
DETACHD |
3/26/05
|
| 6222 TACK CT |
$499,000
|
4
|
3
|
2,576
|
DETACHD |
3/23/05
|
| 3495 CHELAN DR |
$649,000
|
4
|
2.1
|
3,400
|
DETACHD |
3/26/05
|
| 4090 IRELAND LN |
$745,000
|
4
|
3.1
|
3,021
|
DETACHD |
3/23/05
|
| 3415 CRESCENT DR |
$749,900
|
5
|
3
|
3,937
|
DETACHD |
3/26/05
|
| 3480 RIVERKNOLL WAY |
$1,088,000
|
4
|
3.1
|
5,517
|
DETACHD |
3/22/05
|
| 2645 LORINDA LN |
$2,400,000
|
6
|
7.1
|
8,910
|
DETACHD |
3/24/05
|
PENDING SALES
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT
|
TYPE OF HOME |
DOM
|
| 20130 LARKSPUR LN |
$137,500
|
2
|
2
|
1,068
|
CONDO |
255
|
| 2185 CHARMAN ST |
$189,900
|
6
|
3
|
2,679
|
DETACHD |
451
|
| 20643 S NOBLE LN |
$208,950
|
3
|
2.1
|
1,492
|
ATTACHD |
112
|
| 20570 S NOBLE LN |
$239,900
|
3
|
2.1
|
2,200
|
ATTACHD |
19
|
| 2941 Winkel WAY |
$399,900
|
3
|
2.1
|
2,736
|
DETACHD |
573
|
| 21350 ZEUS DR |
$540,000
|
5
|
2.1
|
3,451
|
DETACHD |
172
|
| 1850 RADCLIFFE CT |
$595,000
|
4
|
2.1
|
3,465
|
DETACHD |
431
|
| 2946 Winkel WAY |
$599,900
|
5
|
4
|
3,797
|
DETACHD |
66
|
| 2871 BEACON HILL DR |
$619,000
|
4
|
3.1
|
4,324
|
DETACHD |
233
|
CLOSED SALES
| ADDRESS | ORIGINAL PRICE | SOLD PRICE |
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
TYPE OF HOME |
DOM
|
| 2781 SUNSET AVE |
$205,900
|
$194,000
|
2
|
1
|
832
|
DETACHD |
35
|
| 20711 S VIEWPOINT RD |
$269,900
|
$237,000
|
4
|
2.1
|
2,202
|
ATTACHD |
58
|
| 4982 PROSPECT ST |
$320,000
|
$269,900
|
3
|
1.1
|
1,308
|
DETACHD |
110
|
| 2973 Winkel WAY |
$568,896
|
$505,000
|
4
|
2.1
|
3,355
|
DETACHD |
210
|
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 Results – March 30-April 5, 2009
- West Linn Real Estate Market Activity — March 29 – April 4, 2010
- West Linn Real Estate Market Activity – February 23-March 1, 2009
- West Linn Real Estate Market Activity – March 9 – 15, 2009
- West Linn Real Estate Market Activity — March 15-21, 2010
Is it me, or is the upper price band of sold homes (not pending, actually sold) reducing at quite a rate?
Is the jumbo mortgage issue crimping West Linn’s style?
Interesting observation, Stuart. I agree, the market for $500K+ homes is pretty much dead, which caters primarily to the “move-up” crowd. The segment of buyers are concerned about their jobs, their financial portfolios, and the continued decline in home values, hence will continue to stay on the sidelines until their personal situation improves. The latest Case-Schiller Index shows that the Portland area has suffered a 14% decline in home values year-over-year:
http://blogs.wsj.com/economics/2009/03/31/a-look-at-case-shiller-numbers-by-metro-area-7/
And the latest news suggests that prices will continue to decline. The optimists report that the combination of lower prices, foreclosures and low interest rates will entice buyers to jump into the market to absorb the excess inventory. I can see this logic apply to the <$500K homes, which is what we are seeing in the latest West Linn sales figures, but I doubt this will do anything to help homes in the $500K+ range.
Given this, I still think West Linn homes are overpriced and that the true market value for a ‘standard’ home is around $130-$140/sqft. Anything more than this and buyers will be have to wait a very long time to recoup any possible appreciation in their home.
Oh, and for those who haven’t yet tried out http://www.westlinnlistings.com, you need to check it out if you want to see what is available in the West Linn market. It is a really awesome tool. Thanks, Jody, for making such a valuable site available to readers such as myself who are interested in the West Linn residential real-estate market.