West Linn Real Estate Market Results, May 11-17, 2009
Jody McLeod May 18th, 2009
Once again this week most of the homes in the pending or closed categories are below the $500K mark. Those higher-end homes, with the corresponding higher price tags, are finding themselves to be wall-flowers in this real estate dance.
To view the newly listed homes, click on the address links. This will take you to www.westlinnlistings.com, where you can see not only the homes listed here, but also all of the homes currently for sale (RMLS listings) in West Linn.
Here’s the new real estate activity for the week of May 11-17, 2009:
Newly Listed
| ADDRESS |
LIST PRICE
|
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DATE LISTED
|
| 1626 VILLAGE PARK PL | $89,900 | 2 | 1 | 928 | $97 | CONDO | 5/13 |
| 1668 VILLAGE PARK PL | $145,000 | 2 | 0.2 | 1,068 | $136 | ATTACHD | 5/14 |
| 765 SPRINGTREE LN | $159,900 | 1 | 1 | 765 | $209 | CONDO | 5/12 |
| 2464 DONEGAL CT | $219,950 | 3 | 0.2 | 1,532 | $144 | DETACHD | 5/12 |
| 1736 SW GREENWAY CIR | $300,000 | 4 | 2 | 1,644 | $182 | DETACHD | 5/11 |
| 1882 5TH AVE | $339,000 | 3 | 2 | 1,312 | $258 | DETACHD | 5/15 |
| 1816 WESTBERRY CT | $349,000 | 3 | 2.1 | 2,018 | $173 | DETACHD | 5/14 |
| 2913 Winkel WAY | $364,900 | 4 | 2.1 | 2,451 | $149 | DETACHD | 5/17 |
| 2961 WINKEL WAY | $365,750 | 4 | 2.1 | 2,236 | $164 | DETACHD | 5/16 |
| 2965 WINKEL WAY | $369,900 | 4 | 2.1 | 2,451 | $151 | DETACHD | 5/17 |
| 20540 SUNCREST DR | $379,000 | 3 | 2.1 | 2,313 | $164 | DETACHD | 5/15 |
| 2355 TANNLER DR | $450,000 | 3 | 2.1 | 3,223 | $140 | DETACHD | 5/11 |
| 2922 Winkel WAY | $460,550 | 5 | 3.1 | 3,075 | $150 | DETACHD | 5/16 |
| 1170 SWIFT SHORE CIR | $399,000 | 3 | 3.1 | 3,570 | $112 | DETACHD | 5/16 |
| 905 MARYLHURST CIR | $479,500 | 3 | 3 | 2,641 | $182 | DETACHD | 5/11 |
| 2030 LESLIES WAY | $479,900 | 5 | 3.1 | 3,573 | $134 | DETACHD | 5/15 |
| 19151 KANTARA CT | $549,900 | 3 | 2.1 | 2,328 | $236 | DETACHD | 5/13 |
| 3836 S WILD ROSE DR | $625,000 | 4 | 2.1 | 3,290 | $190 | DETACHD | 5/15 |
| 1604 ARRAN CT | $659,000 | 5 | 2.1 | 3,678 | $179 | DETACHD | 5/12 |
| 25255 SW PETES MOUNTAIN RD | $1,200,000 | 3 | 2.1 | 3,579 | $335 | DETACHD | 5/13 |
Pending Sales
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME |
DOM
|
| 2400 SNOWBERRY RIDGE CT | $189,900 | 2 | 2.1 | 1,178 | $161 | CONDO | 309 |
| 18605 MIDHILL CIR | $239,900 | 3 | 1 | 1,050 | $228 | DETACHD | 21 |
| 18470 LOWER MIDHILL DR | $249,900 | 3 | 2 | 1,496 | $167 | DETACHD | 64 |
| 4237 SUSSEX ST | $299,900 | 3 | 2.1 | 2,470 | $121 | DETACHD | 82 |
| 4165 RIVERVIEW DR | $312,000 | 4 | 2.1 | 2,294 | $136 | DETACHD | 8 |
| 6100 CHURCHILL DOWNS DR | $379,000 | 3 | 2.1 | 2,441 | $155 | DETACHD | 158 |
| 6117 CHURCHILL DOWNS DR | $439,500 | 3 | 3 | 2,530 | $174 | DETACHD | 46 |
Closed Sales
| ADDRESS | ORIGINAL PRICE | SOLD PRICE |
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DOM
|
| 2952 HUNTER WAY | $399,000 | $280,000 | 3 | 2.1 | 2,040 | $137 | DETACHD | 628 |
| 3438 COEUR D ALENE DR | $465,000 | $356,000 | 4 | 3 | 2,487 | $143 | DETACHD | 317 |
| 2966 Winkel WAY | $451,775 | $467,781 | 4 | 3 | 2,935 | $159 | DETACHD | 265 |
| 2055 OSTMAN RD | $599,900 | $489,000 | 3 | 2.1 | 2,778 | $176 | DETACHD | 6 |
| 4433 Calaroga DR | $699,900 | $680,000 | 3 | 2.1 | 2,725 | $250 | DETACHD | 253 |
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:
It appears that the reason the sellers of 2952 Hunter Way accepted $119,000 (29.82%) below their list price is because the house was on the market for more like 580 days instead of 12 days. This website shows they originally listed the property on 8/27/07.
DR – You are right, the 12 days is incorrect. This is when it was re-listed on RMLS. Unfortunately, when we export data from RMLS it doesn’t always pick up the previous listings dates. I have updated the Combined Days on Market. According to my calculations, the total days from 8/27/2007 to 5/15/09 comes out to 628. Sorry about the blip. Thanks for catching it.
So, new-build appears to be trying to hold the line somewhat (4433 Calaroga DR?) and hence not selling, and some people have “lake lost ego” ideas about how much their homes are worth, but the rest are starting to capitulate. Excluding Calaroga (who is nuts enough to pay $250/sqft?) the average was $154/sqft. Still a little way to go yet, I think. Will the builders blink, go BK, or burn their reserves? An interesting summer is ahead.