West Linn Real Estate Market Activity — October 26 – November 1, 2009
Ron Ares November 2nd, 2009
Last week’s sale pending and sold properties nearly equaled new listings added to the West Linn real estate market — a good effort as we head into the slower season.
On a dollar-per-square-foot basis, prices are averaging well south of the $200 mark that was typical of 2006 and 2007. While this isn’t the only guide to valuation, it is a trend that has persisted. At this time last year, prices were averaging closer to $190 per square foot.
Newly Listed
| ADDRESS |
LIST PRICE
|
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DATE LISTED
|
| 2010 16TH ST | $154,900 | 4 | 1 | 1,874 | $83 | DETACHD | 10/26/09 |
| 3650 SUMMERLINN DR | $185,000 | 2 | 2 | 1,429 | $129 | CONDO | 10/28/09 |
| 2395 SNOWBERRY RIDGE CT | $239,900 | 3 | 2 | 1,695 | $142 | CONDO | 10/26/09 |
| 2092 5TH AVE | $299,000 | 3 | 1 | 1,254 | $238 | DETACHD | 10/29/09 |
| 1723 KILLARNEY DR | $329,000 | 3 | 2 | 1,845 | $178 | DETACHD | 10/28/09 |
| 2112 BRIDLE WAY | $379,900 | 4 | 3 | 2,521 | $151 | DETACHD | 10/27/09 |
| 5182 NELCO CIR | $419,900 | 4 | 2.1 | 2,736 | $153 | DETACHD | 10/26/09 |
| 3000 HUNTER CT | $429,000 | 5 | 3 | 3,666 | $117 | DETACHD | 10/30/09 |
| 6265 BARLOW ST | $545,000 | 4 | 3.1 | 3,944 | $138 | DETACHD | 10/30/09 |
| 2903 RAWHIDE ST | $568,700 | 5 | 4 | 3,540 | $161 | DETACHD | 10/30/09 |
| 3735 FAIRHAVEN DR | $619,000 | 3 | 2.1 | 3,555 | $174 | DETACHD | 10/28/09 |
| 4033 S WILD ROSE DR | $689,900 | 5 | 3.1 | 3,586 | $192 | DETACHD | 10/26/09 |
| 6537 SW FAILING ST | $895,000 | 5 | 3.1 | 4,365 | $205 | DETACHD | 10/30/09 |
| 3501 SW TURNER RD | $1,100,000 | 4 | 3.1 | 4,374 | $251 | DETACHD | 10/30/09 |
| 22718 SW JOHNSON RD | $1,295,000 | 4 | 4.2 | 5,767 | $225 | DETACHD | 10/30/09 |
| 1095 SW SCHAEFFER RD | $1,999,999 | 6 | 5.1 | 7,651 | $261 | DETACHD | 10/26/09 |
| 27044 SW PETES MOUNTAIN RD | $3,950,000 | 6 | 8.2 | 12,337 | $320 | DETACHD | 10/28/09 |
| AVERAGES | $829,365 | 3,891 | $184 |
Pending Sales
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME |
DOM
|
| 20110 LARKSPUR LN | $115,000 | 1 | 1 | 723 | $159 | CONDO | 177 |
| 20120 LARKSPUR LN | $147,500 | 2 | 2 | 1,068 | $138 | CONDO | 60 |
| 19888 VIEW DR | $150,000 | 2 | 1 | 1,065 | $141 | DETACHD | 61 |
| 6820 APOLLO RD | $362,500 | 4 | 2.1 | 2,502 | $145 | DETACHD | 62 |
| 28282 SW MOUNTAIN RD | $440,550 | 4 | 3 | 2,864 | $154 | DETACHD | 13 |
| 22640 PONDERAY DR | $450,000 | 4 | 2.1 | 3,147 | $143 | DETACHD | 4 |
| 3303 S RIDGE LN | $472,000 | 3 | 2 | 2,948 | $160 | DETACHD | 376 |
| 2637 BEACON HILL DR | $475,000 | 4 | 3.1 | 3,250 | $146 | DETACHD | 188 |
| AVERAGES | $326,569 | 2,196 | $148 | 118 |
Closed Sales
| ADDRESS | ORIGINAL PRICE | SOLD PRICE | % CHANGE | # BEDS |
# BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME | DOM |
| 20020 MARIGOLD CT | $125,000 | $112,000 | -10% | 1 | 1 | 723 | $155 | CONDO | 307 |
| 20020 MARIGOLD CT | $146,500 | $140,500 | -4% | 2 | 2 | 1,068 | $132 | CONDO | 12 |
| 2350 DEBOK RD | $269,000 | $167,000 | -38% | 3 | 2 | 1,400 | $119 | DETACHD | 24 |
| 2032 VIRGINIA LN | $199,950 | $178,000 | -11% | 2 | 2.1 | 1,152 | $155 | ATTACHD | 101 |
| 18460 VISTA DR | $234,900 | $230,000 | -2% | 3 | 1 | 1,248 | $184 | DETACHD | 13 |
| 2185 RIVER HEIGHTS CIR | $499,900 | $484,900 | -3% | 4 | 2.1 | 2,912 | $167 | DETACHD | 178 |
| 2732 Ridge LN | $460,530 | $498,864 | 8% | 4 | 2.1 | 2,412 | $207 | DETACHD | 0 |
| 2779 RIDGE LN | $559,352 | $559,352 | 0% | 4 | 2.1 | 3,061 | $183 | DETACHD | 0 |
| AVERAGES | $311,892 | $296,327 | -8% | 1,747 | $163 | 79 |
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:
22718 SW JOHNSON RD is not a new listing. The original listing is still archived in this wonderful blog from back in March 2008. Original listing price was a nosebleeding 2.25 million. I guess after a year with no offers the bank must have taken it back. The listing says that it’s 700K below cost.
The number of these 2-3 million dollars mansions coming on the market around this time of the year is a little surprising.
The ultra high end is really hurting I think.
The renaissance homes on Ridge Lane and Coho are moving again. Another reader posted that they were offering to pay people’s existing mortgage for up to a year to get people moved in. Oh man, that’s really good
incentive. At least it has the appearance of keeping prices above 500K.
David