Comments on: West Linn Real Estate Market Results, May 11-17, 2009

By: Stuart

Stuart — Tue, 19 May 2009 23:58:19 +0000

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.

By: Jody McLeod

Jody McLeod — Mon, 18 May 2009 18:48:10 +0000

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.

By: dr

dr — Mon, 18 May 2009 18:30:45 +0000

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.