West Linn Real Estate Market Activity – May 4-10, 2009
Ron Ares May 11th, 2009
Twenty-three new listings await home seekers this week, including a some apparent bargains and a handful of high-end stunners. A healthy number of homes went sale pending and a few closed escrow. Heavier closing volume typically occurs near the end of the month.
Here are the market activity results for the week of May 4 – 10, 2009:
Newly Listed
| ADDRESS |
LIST PRICE
|
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DATE LISTED
|
| 20110 LARKSPUR LN |
$124,900
|
1
|
1
|
723
|
$173
|
CONDO |
5/4/09
|
| 20130 LARKSPUR LN |
$137,500
|
2
|
2
|
1,068
|
$129
|
CONDO |
5/5/09
|
| 2435 WILLAMETTE FALLS DR |
$219,900
|
3
|
1
|
912
|
$241
|
DETACHD |
5/6/09
|
| 2464 DONEGAL CT |
$229,950
|
3
|
2
|
1,532
|
$150
|
DETACHD |
5/5/09
|
| 4330 EXETER ST |
$249,900
|
3
|
2.1
|
1,896
|
$132
|
DETACHD |
5/9/09
|
| 20775 S VIEWPOINT RD |
$259,900
|
3
|
3
|
2,210
|
$118
|
ATTACHD |
5/8/09
|
| 4237 SUSSEX ST |
$299,900
|
3
|
2.1
|
2,470
|
$121
|
DETACHD |
5/5/09
|
| 4165 RIVERVIEW DR |
$312,000
|
4
|
2.1
|
2,294
|
$136
|
DETACHD |
5/4/09
|
| 6280 TACK CT |
$355,000
|
3
|
2
|
2,026
|
$175
|
DETACHD |
5/7/09
|
| 19436 WILDERNESS DR |
$369,900
|
3
|
2.1
|
2,139
|
$173
|
DETACHD |
5/6/09
|
| 6107 CHURCHILL DOWNS DR |
$429,000
|
3
|
2.1
|
2,816
|
$152
|
DETACHD |
5/6/09
|
| 2335 OSTMAN RD |
$429,900
|
4
|
2.1
|
2,409
|
$178
|
DETACHD |
5/7/09
|
| 1316 HIGH TOUCH ST |
$518,000
|
3
|
2.1
|
2,473
|
$209
|
DETACHD |
5/8/09
|
| 1337 TROON DR |
$559,000
|
5
|
3.1
|
4,486
|
$125
|
DETACHD |
5/8/09
|
| 1900 HALL ST |
$599,900
|
5
|
3.1
|
4,825
|
$124
|
DETACHD |
5/5/09
|
| 24464 SW MOUNTAIN RD |
$649,900
|
5
|
2
|
2,732
|
$238
|
DETACHD |
5/5/09
|
| 30811 SW RIVER LANE RD |
$699,000
|
4
|
3
|
3,020
|
$231
|
DETACHD |
5/7/09
|
| 2258 ROGUE WAY |
$699,900
|
4
|
2.2
|
4,005
|
$175
|
DETACHD |
5/7/09
|
| 655 MARYLHURST DR |
$775,000
|
4
|
2.1
|
3,235
|
$240
|
DETACHD |
5/6/09
|
| 750 GRACELAND PL |
$859,000
|
4
|
3.1
|
5,166
|
$166
|
DETACHD |
5/5/09
|
| 30801 SW RIVERWOOD DR |
$1,595,000
|
4
|
4
|
6,028
|
$265
|
DETACHD |
5/8/09
|
| 967 WILLAMETTE FALLS DR |
$1,850,000
|
6
|
4.1
|
5,793
|
$319
|
DETACHD |
5/8/09
|
| 1861 SW TURNER RD |
$1,859,000
|
4
|
6.1
|
6,431
|
$289
|
DETACHD |
5/7/09
|
Pending Sales
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME |
DOM
|
| 2677 YORK ST |
$300,000
|
4
|
2
|
2,608
|
$115
|
DETACHD |
192
|
| 2997 WINKEL WAY |
$338,000
|
3
|
2
|
1,805
|
$187
|
DETACHD |
9
|
| 3182 COTTONWOOD CT |
$374,900
|
3
|
2.1
|
2,788
|
$134
|
DETACHD |
28
|
| 3821 FAIRHAVEN DR |
$425,000
|
5
|
2.1
|
2,832
|
$150
|
DETACHD |
214
|
| 3940 KENTHORPE WAY |
$439,900
|
3
|
2.1
|
2,457
|
$179
|
DETACHD |
36
|
| 2110 PEREGRINE CT |
$489,900
|
4
|
2.1
|
2,942
|
$167
|
DETACHD |
109
|
| 2946 Winkel WAY |
$599,900
|
5
|
4
|
3,797
|
$158
|
DETACHD |
110
|
| 2881 BEACON HILL DR |
$599,900
|
4
|
3.1
|
4,045
|
$148
|
DETACHD |
362
|
Closed Sales
| ADDRESS | ORIGINAL PRICE | SOLD PRICE |
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DOM
|
| 3890 POSEIDON CT |
$359,900
|
$279,000
|
3
|
2
|
1,599
|
$174
|
DETACHD |
159
|
| 3054 CLUBHOUSE CT |
$369,900
|
$300,000
|
2
|
2.1
|
1,734
|
$173
|
CONDO |
80
|
| 4249 SUSSEX ST |
$399,900
|
$320,000
|
4
|
2.1
|
2,578
|
$124
|
DETACHD |
44
|
| 2951 HUNTER WAY |
$323,500
|
$339,000
|
4
|
2.1
|
2,060
|
$165
|
DETACHD |
3
|
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.
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Unfortunately homes are only selling at the lower end of the price spectrum. Downward pressure on higher-priced homes – just look at the pending sales….
dj,
Yes, I think we’ve just about hit the point in the market cycle where if you don’t have to sell, you are not, and if you don’t have to buy, you’re not. What will be interesting is what happens next. Will buyers start to come back in if mortgage availability improves, or will more sellers have to sell as the next wave of ARM resets start up. Only time will tell, but I’m not buying yet.