West Linn Real Estate Market Activity – July 13-19, 2009

Ron Ares July 20th, 2009

Checking in on recent West Linn real estate activity, you’ll see twenty new or refreshed listings, twelve pending sales, and eight closed sales for the past week. Just one sold home (Ridgewood Way) was a short sale.

Earlier, I had promised a first-half 2009 review and have completed the numbers, so keep an eye out for it later in the week.

Newly Listed

ADDRESS
LIST PRICE
# BEDS
# BATHS
TOTAL SQ FT
$ PER SQ FT TYPE OF HOME
DATE LISTED
5640 SUMMERLINN WAY $149,900 1 1 874 $172 ATTACHD 7/13/09
20090 LARKSPUR LN $179,900 2 2 1,068 $168 CONDO 7/15/09
2632 PIMLICO TER $181,900 2 2 1,224 $149 CONDO 7/16/09
4773 FALLS VIEW AVE $209,000 3 1 1,437 $145 DETACHD 7/13/09
3577 ARBOR DR $272,000 4 3 1,838 $148 DETACHD 7/15/09
6035 SKYLINE DR $294,000 3 2 1,784 $165 DETACHD 7/17/09
1155 DOUGLAS DR $350,000 5 3 2,428 $144 DETACHD 7/19/09
2590 DEBOK RD $395,010 4 3.1 3,035 $130 DETACHD 7/18/09
2215 CRESTVIEW DR $399,900 3 2 2,451 $163 DETACHD 7/17/09
1590 SKYE PKWY $419,500 4 2.1 2,230 $188 DETACHD 7/13/09
2937 WINKEL WAY $419,564 4 2.1 2,400 $175 DETACHD 7/13/09
2945 WINKEL WAY $419,663 4 2.1 2,400 $175 DETACHD 7/13/09
19783 WILDWOOD DR $549,000 3 3 3,334 $165 DETACHD 7/16/09
3528 VISTA RIDGE DR $549,000 4 3.1 4,120 $133 DETACHD 7/17/09
1393 Buck ST $575,000 3 2.1 2,600 $221 DETACHD 7/14/09
19305 SUNCREST AVE $624,500 5 2.1 3,386 $184 DETACHD 7/13/09
21463 ROSEPARK CT $674,900 5 3.1 3,959 $170 DETACHD 7/14/09
2730 BEACON HILL DR $699,000 4 2.1 3,317 $211 DETACHD 7/15/09
22675 JOHNSON RD $1,649,000 4 3.2 4,827 $342 DETACHD 7/15/09
1095 SW SCHAEFFER RD $2,195,000 6 5.1 7,651 $287 DETACHD 7/17/09
AVERAGES $560,287     2,818 $182    

Pending Sales

ADDRESS
LIST PRICE
TOTAL BEDS
TOTAL BATHS
TOTAL SQ FT
$ PER SQ FT
TYPE OF HOME
DOM
2283 CHARMAN ST $239,900 3 2 1,050 $228 DETACHD 692
1322 WILLAMETTE FALLS DR $269,000 2 1 1,252 $215 DETACHD 108
4985 SUMMIT ST $285,000 3 2 1,824 $156 DETACHD 103
1730 REGENCY ST $318,950 4 2 2,227 $143 DETACHD 286
2913 Winkel WAY $384,113 4 2.1 2,451 $157 DETACHD  
4633 EXETER ST $409,000 5 3.1 3,271 $125 DETACHD 450
6647 APOLLO RD $458,900 4 2.1 3,316 $138 DETACHD 263
4543 DAMON DR $523,900 3 2.1 3,336 $157 DETACHD 19
2269 ROGUE WAY $544,900 3 2.1 3,250 $168 DETACHD 424
2298 HASKINS RD $579,900 4 3.1 3,263 $178 DETACHD 440
2013 MOUNTAIN VIEW CT $798,950 4 2.2 3,985 $200 DETACHD 160
19525 JOHNSON RD $4,888,850 5 5.1 8,990 $544 DETACHD 228
AVERAGES $808,447     3,185 $201   288

Closed Sales

ADDRESS ORIGINAL PRICE SOLD PRICE $ +/-%
# BEDS
# BATHS
TOTAL SQ FT
$ PER SQ FT TYPE OF HOME
DOM
4690 SUMMERLINN WAY $277,500 $210,000 -24% 2 2 1,307 $161 CONDO 365
6288 BELMONT WAY $269,900 $240,000 -11% 3 2 1,815 $132 CONDO 135
3611 RIDGEWOOD WAY $324,900 $270,000 -17% 3 2 1,644 $164 DETACHD 115
1625 SHADOW WOOD DR $369,000 $285,000 -23% 5 3.1 2,166 $132 DETACHD 28
1590 ROSEMONT RD $439,000 $310,000 -29% 5 2.1 3,030 $102 DETACHD 109
6850 APOLLO RD $599,000 $430,000 -28% 4 3.1 3,560 $121 DETACHD 171
3755 FAIRHAVEN DR $769,000 $540,000 -30% 5 3.1 3,961 $136 DETACHD 396
3802 WELLINGTON CT $1,069,000 $810,000 -24% 4 4.1 5,610 $144 DETACHD 385
AVERAGES $514,663 $386,875 -23%     2,887 $137   213

Criteria: Homes in the 97068 zip code, listed, ending 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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Related posts:

  1. West Linn Real Estate Market Activity – July 20-26, 2009
  2. West Linn Real Estate Market Activity Re-post, July 6-12, 2009
  3. West Linn Real Estate Market Activity – July 14-27, 2008
  4. West Linn Real Estate Market Activity – June 30-July 6, 2008
  5. West Linn Real Estate Market Activity, July 27-August 2, 2009

2 Responses to “West Linn Real Estate Market Activity – July 13-19, 2009”

  1. Stuarton 20 Jul 2009 at 11:22 am

    Good to see a 800K+ sale. Even though it was at quite a discount after being on the market for a year. Sale prices in terms of price per square foot certainly appear to be settling down although the pending and new listings still show a disconnect between what the market will pay, and what sellers think they can get. It would be interesting to see the distribution of sale prices in first half 2009 compared with 2005,2006, and 2007. The $500K to $800K range is turning into a desert.

  2. djon 20 Jul 2009 at 8:44 pm

    Perhaps the reason for the disconnect between the asking and sales price is strategic ? For example, you start the pricing at $180/sqft. It makes the seller feel good because their home is unique, one-of-a-kind, knock the socks off a potential buyer, etc. etc. etc. No offers come in, so either the seller takes the home off the market and waits until the market improves, or they start to discount the home. Or, if there is an interested buyer, a little bird will somehow let this interested party know that the seller is very motivated. But, with the price at what it is, the buyer is a bit embarrassed to low-ball, so they submit an offer which is at market value. There is a perceived huge discount on the property (priced at $180/sqft, but got it at $140/sqft !!), but in reality, the price of the home was always $140/sqft. If you price the home at $140/sqft from the start, then either the home will get snatched up, or someone will come in with a $120/sqft offer. Coincidence, or planned ? You be the judge…

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