West Linn Real Estate Market, September 21-27, 2009
Jody McLeod September 28th, 2009
The weekly review of West Linn real estate market shows new listings slowing a bit. This would be an expected an expected event at the end of summer. It will be interesting to see what happens at the end of November when the $8,000 tax credit ends.
Below are new listings, pending sales, and closed sales for the week September 21 through September 27.
Newly Listed
| ADDRESS |
LIST PRICE
|
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DATE LISTED
|
| 2818 TREE TOP LN | $164,900 | 2 | 1.1 | 1,141 | $145 | CONDO | 9/26 |
| 1562 8TH ST | $240,000 | 3 | 1.1 | 1,352 | $178 | DETACHD | 9/23 |
| 2742 MARK LN | $283,950 | 3 | 2 | 1,619 | $175 | DETACHD | 9/23 |
| 1401 ROSE MARIE DR | $325,000 | 4 | 2 | 2,068 | $157 | DETACHD | 9/26 |
| 18890 MARYLHURST CT | $439,900 | 5 | 3 | 3,101 | $142 | DETACHD | 9/26 |
| 2252 Haskins RD | $499,900 | 4 | 2.1 | 3,100 | $161 | DETACHD | 9/27 |
| 2700 Ridge (lot 11) LN | $544,900 | 4 | 2.1 | 2,351 | $232 | DETACHD | 9/26 |
| 19783 WILDWOOD DR | $549,000 | 3 | 3 | 3,334 | $165 | DETACHD | 9/26 |
| 3424 CHELAN DR | $599,900 | 4 | 2.1 | 3,157 | $190 | DETACHD | 9/21 |
| 22555 PONDERAY DR | $769,000 | 4 | 2.1 | 3,927 | $196 | DETACHD | 9/24 |
| AVERAGES | $441,645 | 4 | 2 | 2,515 | $174 |
Pending Sales
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME |
DOM
|
| 20130 LARKSPUR LN | $130,000 | 2 | 2 | 1,068 | $122 | CONDO | 439 |
| 18460 VISTA DR | $217,000 | 3 | 1 | 1,248 | $174 | DETACHD | 13 |
| 2416 SUNSET AVE | $238,000 | 3 | 2 | 1,380 | $172 | DETACHD | 62 |
| 21280 SERANGO DR | $399,000 | 3 | 3 | 2,945 | $135 | DETACHD | 676 |
| 1907 SUNBURST TER | $498,900 | 4 | 2.1 | 3,275 | $152 | DETACHD | 204 |
| 2258 ROGUE WAY | $649,900 | 4 | 2.2 | 4,005 | $162 | DETACHD | 440 |
| AVERAGES | $355,467 | 3 | 2 | 2,320 | $153 | 306 |
Closed Sales
| ADDRESS | ORIGINAL PRICE | SOLD PRICE | % CHANGE | # BEDS |
# BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME | DOM |
| 2165 SW PATTULO WAY | $347,000 | $267,400 | -23% | 2 | 2 | 1,365 | $196 | DETACHD | 467 |
| 5547 SINCLAIR ST | $299,000 | $285,000 | -5% | 4 | 2 | 2,016 | $141 | DETACHD | 9 |
| 5496 RIVER ST | $649,000 | $350,000 | -46% | 3 | 3 | 2,548 | $137 | DETACHD | 558 |
| 2913 Winkel WAY | $564,900 | $389,531 | -31% | 4 | 2.1 | 2,451 | $159 | DETACHD | 1014 |
| 3852 FAIRHAVEN DR | $679,000 | $455,000 | -33% | 5 | 2.1 | 3,140 | $145 | DETACHD | 198 |
| 5095 TERRITORIAL DR | $759,700 | $489,000 | -36% | 3 | 2 | 1,900 | $257 | DETACHD | 770 |
| 1940 HALL ST | $649,000 | $530,000 | -18% | 3 | 3.1 | 4,385 | $121 | ATTACHD | 194 |
| AVERAGES | $563,943 | $395,133 | -27% | 3 | 2 | 2,544 | $165 | 459 |
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.
Related posts:
- West Linn Real Estate Market Activity, September 7-13, 2009
- West Linn Real Estate Market Activity – September 28-October 4, 2009
- West Linn Real Estate Market Activity – September 15-21, 2008
- West Linn Real Estate Market Activity – September 29 – October 5, 2008
- West Linn Real Estate Market Results, September 8-14
Thank you for the update Jody. 1940 HALL ST is a mystery. I mean it’s a TOWNHOUSE. And it sold for 530K?
I have to wonder what the buyer saw in that townhouse. You can buy a SFH of the same size with a large lot for the same price. I mean the DR HORTON homes are selling for $160 a square foot. They could have purchased a brand new single family home on Winkel for around 400K. The lots are small on Winkel but it’s even smaller on HALL ST. And it has two shared walls.
David
RE: 1940 HALL ST – I had a church friend who lived on Hall ST a while ago when these properties were selling for $750K+. The views of the river are quite pleasant, although back yards are non-existent. The properties make up for this by having covered decks. Technically I’d describe them as “common wall” duplexes (but the common walls seemed pretty well constructed to reduce noise) and they were very well tricked out in terms of interior fixtures and fittings. $530K is a hell of a price ($121/sqft) if you don’t want much of a back yard to deal with and don’t mind the ire of your H2-driving E-Class-leasing neighbors who just saw their houses take a $200K haircut.
Figured I should back the lease comment up. In 2008, Business Week studied the “lease penetration” of luxury brands and put together data on what percentage of cars are leased, as opposed to purchased either with financing or cash. the Top 10 were:
BMW 7 Series: 85%
Saab 9-7x: 82%
Audi A6: 74%
BMW Z4: 71%
Mercedes E-Class: 70%
Range Rover: 70%
BMW 6-series: 69%
Audi A4: 68%
BMW X3: 67%
Jaguar XJ: 66%
Things that make you go: “Hmmmmmm”.
(source: http://images.businessweek.com/ss/08/08/0826_most_leased_cars/2.htm)
This is the first time I’ve heard of a duplex unit that’s 4300 sq foot in size. The interior must be pretty nice to make up for the fact that it’s a duplex. Personally if I’m going to pay 530K for a house it would not be a duplex/townhouse no matter how well equipped it is inside.
If you look at maps.google.com and then go streetview on 1940 HALL ST, you’ll see that there’s a BMW and what looks like an AUDI parked on the drive way. The neighbor next door doesn’t drive a Hummer H2, but he does drive a FORD EXPEDITION. It’s equally big and obnoxious and has about the same mileage (10 miles a gallon?
David