West Linn Real Estate Market Activity — March 8-14, 2010
Ron Ares March 15th, 2010
Here’s the list of West Linn’s real estate activity for the week March 8 through 14, 2010.
Newly Listed
| ADDRESS |
LIST PRICE
|
# BEDS
|
# BATHS
|
TOTAL SQ FT
|
$ PER SQ FT | TYPE OF HOME |
DATE LISTED
|
| 5581 ALDER CT | $149,999 | 2 | 1.1 | 1,000 | $150 | CONDO | 3/12/10 |
| 765 SPRINGTREE LN | $156,363 | 1 | 1 | 765 | $204 | CONDO | 3/9/10 |
| 6235 MERIDIAN CIR | $179,900 | 2 | 1.2 | 1,203 | $150 | CONDO | 3/8/10 |
| 20687 S NOBLE LN | $226,900 | 3 | 2.1 | 1,562 | $145 | CONDO | 3/8/10 |
| 1296 13TH ST | $325,000 | 3 | 3 | 2,188 | $149 | DETACHD | 3/8/10 |
| 2933 WINKEL WAY | $341,881 | 4 | 2.1 | 2,258 | $151 | DETACHD | 3/12/10 |
| 3266 SABO LN | $585,000 | 4 | 2.1 | 3,426 | $171 | DETACHD | 3/13/10 |
| 2941 BEACON HILL DR | $599,000 | 4 | 2.1 | 3,315 | $181 | DETACHD | 3/13/10 |
| 3075 S ROXBURY DR | $609,900 | 4 | 2.1 | 3,560 | $171 | DETACHD | 3/10/10 |
| 3664 LANDIS ST | $649,900 | 5 | 3.1 | 3,837 | $169 | DETACHD | 3/12/10 |
| 2383 TAYLOR DR | $699,000 | 7 | 4.1 | 4,318 | $162 | DETACHD | 3/9/10 |
| 22555 PONDERAY DR | $699,000 | 2 | 2.1 | 3,927 | $178 | DETACHD | 3/10/10 |
| 2105 RIDGEBROOK DR | $699,900 | 3 | 3 | 4,002 | $175 | DETACHD | 3/14/10 |
| 2429 WOODHAVEN CT | $709,000 | 4 | 2.1 | 4,109 | $173 | DETACHD | 3/10/10 |
| 1140 BLANKENSHIP RD | $729,000 | 5 | 3 | 4,050 | $180 | DETACHD | 3/10/10 |
| 2043 MOUNTAIN VIEW CT | $838,950 | 5 | 3.1 | 4,100 | $205 | DETACHD | 3/10/10 |
| AVERAGES | $512,418 | 2,976 | $170 |
Pending Sales
| ADDRESS |
LIST PRICE
|
TOTAL BEDS
|
TOTAL BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME |
DOM
|
| 575 SPRINGTREE LN | $209,900 | 2 | 2 | 1,283 | $164 | CONDO | 117 |
| 1055 MEEK WAY | $349,900 | 3 | 3 | 1,801 | $194 | DETACHD | 4 |
| 1063 Meek WAY | $359,900 | 3 | 2.1 | 1,801 | $200 | DETACHD | 59 |
| 1850 Joseph Fields ST | $449,900 | 4 | 3 | 2,538 | $177 | DETACHD | 0 |
| 1301 SW SCHAEFFER RD | $599,900 | 4 | 2.1 | 4,474 | $134 | DETACHD | 13 |
| AVERAGES | $393,900 | 2,379 | $174 | 39 |
Closed Sales
| ADDRESS | ORIGINAL PRICE | SOLD PRICE | % CHANGE | # BEDS |
# BATHS
|
TOTAL SQ FT |
$ PER SQ FT
|
TYPE OF HOME | DOM |
| 4406 RIVERVIEW AVE | $294,000 | $201,000 | -32% | 4 | 2 | 1,776 | $113 | DETACHD | 272 |
| 19673 SUN CIR | $340,000 | $320,000 | -6% | 4 | 3.1 | 3,058 | $105 | DETACHD | 76 |
| AVERAGES | $317,000 | $260,500 | -19% | 2,417 | $109 | 174 |
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:
3100 sqft: $320K. Ouch.
Hey Stuart, I’m guessing that particular home, built in the 70′s, probably needed some updates. If you factor in about $100K in updates, then you’re looking at a more “reasonable” $137/sqft. Buyers are really smart, at least from what I’m able to observe in West Linn. They are looking for value, and will pay what the house is worth. Even the sellers realized their home needed updates and priced their home accordingly.
http://finance.yahoo.com/tech-ticker/dick-bove-housing-market-will-fall-10-15-when-fed-stops-subsidizing-home-prices-445098.html?tickers=xhb,tol,len,kbh,^dji,^gspc&sec=topStories&pos=8&asset=&ccode=
“For the past year, the Fed has been buying mortgage-backed securities in an effort to keep mortgage rates low and provide some support to the housing market. On March 31, the Fed says, it will stop buying mortgage-backed securities.
So what will happen to mortgage rates and house prices?”……
“Dick Bove expects that that level is 10%-15% below today’s prices.”