http://www.move2westlinn.com/2010/03/08/west-linn-real-estate-market-activity-march-1-7-2010/ News, Statistics, and Commentary about West Linn Oregon Real Estate Wed, 23 Jun 2010 15:10:28 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.move2westlinn.com/2010/03/08/west-linn-real-estate-market-activity-march-1-7-2010/comment-page-1/#comment-1007 dj Tue, 09 Mar 2010 00:49:22 +0000 http://www.move2westlinn.com/?p=1337#comment-1007 I forgot to mention that last month, 1900 Hall St. was listed at $380K. It sold for $390K. Looks like there were multiple bids on the property and the bank came back with a best-and-final offer on the home, which pushed the price up to $390K. Most likely this was a cash transaction. Good price for the buyer. But not sure what condition the property is in if they couldn't get offers higher than $81/sqft. Anyone seen this property ? Mold issues ? Water damage ? Stripped to the studs ? I forgot to mention that last month, 1900 Hall St. was listed at $380K. It sold for $390K. Looks like there were multiple bids on the property and the bank came back with a best-and-final offer on the home, which pushed the price up to $390K. Most likely this was a cash transaction. Good price for the buyer. But not sure what condition the property is in if they couldn’t get offers higher than $81/sqft. Anyone seen this property ? Mold issues ? Water damage ? Stripped to the studs ?

]]> http://www.move2westlinn.com/2010/03/08/west-linn-real-estate-market-activity-march-1-7-2010/comment-page-1/#comment-1006 dj Tue, 09 Mar 2010 00:31:36 +0000 http://www.move2westlinn.com/?p=1337#comment-1006 "Bargain hunters ruled the week with 4 properties sold at discounts over 25% of the original list price." With the exception of 1900 Hall St. @ $81/sqft, I wouldn't categorize the other homes as bargains. Rather, I would say they sold for fair market value, and that the original list prices were overly optimistic and inflated. But, it does seem that the market has stabilized. I hope this is sustainable. “Bargain hunters ruled the week with 4 properties sold at discounts over 25% of the original list price.” With the exception of 1900 Hall St. @ $81/sqft, I wouldn’t categorize the other homes as bargains. Rather, I would say they sold for fair market value, and that the original list prices were overly optimistic and inflated. But, it does seem that the market has stabilized. I hope this is sustainable.

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