Ron Ares May 12th, 2010
Reader Karen sends a note asking for an update on monthly home sales for the year to date, compared to years past. Happy to oblige, Karen!
We’re roughly looking at sales volume equal to that of the 1st four months of 2008, but nothing close to the peak 2007 pace. March and April are definitely trending up due to tax incentives, and May will likely fare well, too. The rest of the year….we’ll see.
I’ll try to follow up with a more comprehensive study on year to date pricing.
Ron Ares May 2nd, 2010
Hello avid West Linn real estate junkies! I am back with a quick 4-week update on market activity.
It appears a number of buyers snapped up short sale and bank-owned properties over the past month. Many of the pending sales, particularly at the low end of the price scale, were REO (real estate-owned), otherwise known as foreclosures.
Pending Sales
| 1626 VILLAGE PARK PL |
$79,000 |
2 |
1 |
928 |
$85 |
CONDO |
14 |
| 1630 Village Park PL |
$110,000 |
2 |
1.1 |
976 |
$113 |
CONDO |
63 |
| 5640 SUMMERLINN WAY |
$136,500 |
1 |
1 |
874 |
$156 |
CONDO |
59 |
| 745 SPRINGTREE LN |
$149,900 |
1 |
1 |
843 |
$178 |
CONDO |
320 |
| 2027 VIRGINIA LN |
$175,000 |
3 |
2.1 |
1,314 |
$133 |
ATTACHD |
5 |
| 2075 SUNRAY CIR |
$175,000 |
2 |
2.1 |
1,671 |
$105 |
ATTACHD |
171 |
| 3660 SUMMERLINN DR |
$178,900 |
2 |
2.1 |
1,418 |
$126 |
CONDO |
532 |
| 4875 WILLAMETTE FALLS DR |
$185,000 |
2 |
1 |
1,260 |
$147 |
DETACHD |
458 |
| 20683 S NOBLE LN |
$210,000 |
3 |
2.1 |
1,493 |
$141 |
ATTACHD |
5 |
| 18365 WILLAMETTE DR |
$210,000 |
3 |
2 |
1,152 |
$182 |
DETACHD |
53 |
| 1670 BUCK ST |
$215,000 |
2 |
1 |
950 |
$226 |
DETACHD |
69 |
| 20416 S NOBLE LN |
$225,000 |
3 |
2.1 |
2,100 |
$107 |
ATTACHD |
63 |
| 2003 MARYLHURST DR |
$229,900 |
3 |
2.1 |
2,294 |
$100 |
DETACHD |
86 |
| 2175 SNOWBERRY RIDGE CT |
$229,900 |
3 |
2 |
1,515 |
$152 |
CONDO |
1076 |
| 2764 SUNSET AVE |
$239,000 |
3 |
2 |
2,460 |
$97 |
DETACHD |
111 |
| 4442 NORFOLK ST |
$239,000 |
3 |
2 |
1,610 |
$148 |
DETACHD |
292 |
| 6275 CLUBHOUSE CIR |
$239,000 |
2 |
2 |
1,310 |
$182 |
CONDO |
178 |
| 2425 HUGHES DR |
$239,000 |
3 |
2 |
1,268 |
$188 |
DETACHD |
6 |
| 1830 16TH ST |
$239,900 |
3 |
1 |
1,080 |
$222 |
DETACHD |
7 |
| 1541 11TH ST |
$244,900 |
3 |
1 |
2,186 |
$112 |
DETACHD |
80 |
| 3477 FAIRVIEW WAY |
$249,000 |
3 |
2 |
1,231 |
$202 |
DETACHD |
6 |
| 22580 S GRAPEVINE RD |
$249,900 |
3 |
2 |
1,296 |
$193 |
RES-MFG |
40 |
| 6753 APOLLO RD |
$254,900 |
4 |
3 |
2,300 |
$111 |
DETACHD |
126 |
| 1106 MEADOWVIEW CT |
$274,950 |
4 |
3.1 |
2,668 |
$103 |
DETACHD |
108 |
| 4000 MAPLETON DR |
$275,000 |
3 |
2.5 |
2,096 |
$131 |
DETACHD |
311 |
| 1766 REGENCY ST |
$275,000 |
3 |
0.2 |
1,450 |
$190 |
DETACHD |
44 |
| 1686 19TH ST |
$275,000 |
4 |
2 |
1,675 |
$164 |
DETACHD |
12 |
| 5642 RIVER ST |
$285,000 |
3 |
2 |
1,401 |
$203 |
DETACHD |
5 |
| 4578 NORFOLK ST |
$315,000 |
3 |
3 |
2,200 |
$143 |
DETACHD |
49 |
| 19451 WILDERNESS DR |
$349,900 |
3 |
2 |
2,016 |
$174 |
DETACHD |
30 |
| 2592 HILLCREST CT |
$349,999 |
3 |
2.1 |
2,475 |
$141 |
DETACHD |
43 |
| 2415 SW Michael CT |
$375,000 |
3 |
2.1 |
2,466 |
$152 |
DETACHD |
18 |
| 19082 OLD RIVER DR |
$389,900 |
3 |
1.1 |
1,713 |
$228 |
DETACHD |
53 |
| 19468 WILDERNESS DR |
$399,000 |
5 |
3.1 |
3,077 |
$130 |
DETACHD |
282 |
| 3262 TOP VIEW CT |
$424,900 |
4 |
4 |
3,292 |
$129 |
DETACHD |
228 |
| 22871 OREGON CITY LOOP |
$425,000 |
4 |
2.1 |
2,912 |
$146 |
DETACHD |
12 |
| 1815 CARRIAGE WAY |
$435,000 |
4 |
3 |
2,438 |
$178 |
DETACHD |
270 |
| 1093 EPPERLY WAY |
$439,000 |
3 |
2.1 |
2,663 |
$165 |
DETACHD |
417 |
| 3226 WINKEL WAY |
$484,900 |
4 |
3 |
3,146 |
$154 |
DETACHD |
204 |
| 2060 ALPINE DR |
$494,800 |
4 |
2.1 |
2,865 |
$173 |
DETACHD |
190 |
| 2640 RENAISSANCE CT |
$519,900 |
5 |
3.1 |
4,418 |
$118 |
DETACHD |
344 |
| 2288 Rogue WAY |
$539,900 |
3 |
3.1 |
3,173 |
$170 |
DETACHD |
419 |
| 2805 POLO CT |
$549,900 |
4 |
2.1 |
3,369 |
$163 |
DETACHD |
18 |
| 2652 BEACON HILL DR |
$565,000 |
4 |
2.1 |
2,856 |
$198 |
DETACHD |
72 |
| 2731 Ridge LN |
$569,900 |
3 |
2.1 |
2,347 |
$243 |
DETACHD |
166 |
| 3822 FAIRHAVEN DR |
$575,000 |
4 |
2.1 |
3,306 |
$174 |
DETACHD |
186 |
| 1913 Sunburst TER |
$589,900 |
4 |
2.1 |
3,850 |
$153 |
DETACHD |
134 |
| 2651 BEACON HILL DR |
$648,950 |
4 |
2.1 |
3,307 |
$196 |
DETACHD |
49 |
| 4407 CALAROGA DR |
$725,000 |
3 |
2.1 |
2,950 |
$246 |
DETACHD |
53 |
| 4035 S RIDGE CT |
$749,900 |
5 |
3.1 |
4,118 |
$182 |
DETACHD |
7 |
| 2397 TAYLOR DR |
$825,000 |
5 |
5 |
5,616 |
$147 |
DETACHD |
538 |
| AVERAGES |
$349,596 |
|
|
2,223 |
$159 |
|
158 |
Closed Sales
| 4395 NORFOLK ST |
$224,900 |
$196,500 |
-13% |
4 |
2 |
1,475 |
$133 |
DETACHD |
85 |
| 5595 SUMMERLINN WAY |
$229,000 |
$209,000 |
-9% |
2 |
2 |
1,276 |
$164 |
CONDO |
216 |
| 20575 S NOBLE LN |
$239,900 |
$225,000 |
-6% |
3 |
2.1 |
2,201 |
$102 |
ATTACHD |
201 |
| 2191 HIDDEN SPRINGS CT |
$324,900 |
$229,000 |
-30% |
4 |
3 |
2,534 |
$90 |
DETACHD |
276 |
| 1735 Dollar |
$239,900 |
$230,000 |
-4% |
3 |
2.1 |
1,305 |
$176 |
CONDO |
297 |
| 2677 YORK ST |
$365,000 |
$237,400 |
-35% |
4 |
2 |
2,608 |
$91 |
DETACHD |
468 |
| 3740 RIDGEWOOD WAY |
$297,000 |
$267,000 |
-10% |
3 |
2 |
1,259 |
$212 |
DETACHD |
43 |
| 1312 SHERRI CT |
$349,900 |
$320,500 |
-8% |
4 |
3 |
2,636 |
$122 |
DETACHD |
57 |
| 18350 LOWER MIDHILL DR |
$339,900 |
$328,000 |
-4% |
4 |
2 |
1,967 |
$167 |
DETACHD |
203 |
| 1692 19TH ST |
$335,000 |
$340,000 |
1% |
4 |
2.1 |
2,004 |
$170 |
DETACHD |
30 |
| 1353 TROON DR |
$374,950 |
$365,000 |
-3% |
4 |
2.1 |
3,121 |
$117 |
DETACHD |
106 |
| 2562 PIMLICO DR |
$375,000 |
$375,000 |
0% |
4 |
2.1 |
2,126 |
$176 |
DETACHD |
0 |
| 1895 DEANA DR |
$399,000 |
$385,000 |
-4% |
3 |
2.1 |
2,386 |
$161 |
DETACHD |
103 |
| 6351 PALOMINO WAY |
$399,000 |
$407,000 |
2% |
4 |
3 |
2,690 |
$151 |
DETACHD |
133 |
| 23067 S BLAND CIR |
$464,900 |
$421,000 |
-9% |
4 |
2.1 |
2,680 |
$157 |
DETACHD |
348 |
| 3125 WINKEL WAY |
$524,900 |
$450,000 |
-14% |
5 |
2.1 |
3,119 |
$144 |
DETACHD |
182 |
| 1062 Meek WAY |
$469,900 |
$460,000 |
-2% |
3 |
3 |
2,852 |
$161 |
DETACHD |
389 |
| 6310 HAVERHILL CT |
$490,000 |
$463,000 |
-6% |
4 |
3 |
3,105 |
$149 |
DETACHD |
9 |
| 1201 12th ST |
$499,000 |
$469,900 |
-6% |
4 |
2.1 |
2,801 |
$168 |
DETACHD |
176 |
| 2845 RAWHIDE CT |
$543,950 |
$508,950 |
-6% |
4 |
2.1 |
3,347 |
$152 |
DETACHD |
262 |
| 2101 PEREGRINE CT |
$750,000 |
$560,000 |
-25% |
5 |
3.1 |
5,000 |
$112 |
DETACHD |
626 |
| 1301 SW SCHAEFFER RD |
$599,900 |
$596,000 |
-1% |
4 |
2.1 |
4,474 |
$133 |
DETACHD |
13 |
| 21357 WATERFORD PL |
$749,900 |
$635,000 |
-15% |
4 |
2.1 |
3,317 |
$191 |
DETACHD |
81 |
| 889 SW HOFFMAN RD |
$995,000 |
$700,000 |
-30% |
4 |
2.1 |
3,659 |
$191 |
DETACHD |
434 |
| AVERAGES |
$440,867 |
$390,760 |
-10% |
|
|
2,664 |
$150 |
|
197 |
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.
Ron Ares April 6th, 2010
Presenting this week’s real estate activities for West Linn. A nice, healthy dose of pending sales in this report.
Newly Listed
| 20910 FAWN CT |
$148,900 |
2 |
2 |
1,068 |
$139 |
CONDO |
4/1/10 |
| 2075 SUNRAY CIR |
$175,000 |
2 |
2.1 |
1,671 |
$105 |
ATTACHD |
3/30/10 |
| 2027 VIRGINIA LN |
$175,000 |
3 |
2.1 |
1,314 |
$133 |
ATTACHD |
4/4/10 |
| 4875 WILLAMETTE FALLS DR |
$185,000 |
2 |
1 |
1,260 |
$147 |
DETACHD |
4/1/10 |
| 6275 CLUBHOUSE CIR |
$239,000 |
2 |
2 |
1,310 |
$182 |
CONDO |
4/2/10 |
| 1562 8TH ST |
$248,000 |
3 |
1.1 |
1,352 |
$183 |
DETACHD |
3/31/10 |
| 2431 TULANE ST |
$259,000 |
3 |
1.1 |
1,200 |
$216 |
DETACHD |
4/2/10 |
| 19451 WILDERNESS DR |
$349,900 |
3 |
2 |
2,016 |
$174 |
DETACHD |
3/30/10 |
| 22881 OREGON CITY LOOP |
$399,000 |
3 |
2 |
2,375 |
$168 |
DETACHD |
3/29/10 |
| 18183 UPPER MIDHILL DR |
$448,500 |
3 |
3 |
3,204 |
$140 |
DETACHD |
4/3/10 |
| 6637 APOLLO RD |
$449,000 |
4 |
2.1 |
3,538 |
$127 |
DETACHD |
3/29/10 |
| 3040 WINKEL WAY |
$459,900 |
4 |
3 |
2,905 |
$158 |
DETACHD |
3/30/10 |
| 2060 ALPINE DR |
$494,800 |
4 |
2.1 |
2,865 |
$173 |
DETACHD |
4/2/10 |
| 3491 COEUR D ALENE DR |
$495,000 |
3 |
2.1 |
3,159 |
$157 |
DETACHD |
4/1/10 |
| 18490 HILLSIDE CT |
$525,000 |
4 |
2.2 |
4,029 |
$130 |
DETACHD |
4/1/10 |
| 4035 S RIDGE CT |
$749,900 |
5 |
3 |
4,118 |
$182 |
DETACHD |
4/2/10 |
| 21420 WILLAMETTE DR |
$749,900 |
1 |
2 |
2,500 |
$300 |
DETACHD |
4/1/10 |
| 3404 CHELAN DR |
$768,000 |
4 |
3.1 |
4,183 |
$184 |
DETACHD |
4/1/10 |
| 22400 MCKENZIE CT |
$774,900 |
4 |
2.2 |
4,200 |
$185 |
DETACHD |
3/31/10 |
| 630 S ROSEMONT RD |
$829,950 |
3 |
2.1 |
2,870 |
$289 |
DETACHD |
3/29/10 |
| AVERAGES |
$446,183 |
|
|
2,557 |
$174 |
|
|
Pending Sales
| 20030 MARIGOLD CT |
$129,900 |
2 |
2 |
1,068 |
$122 |
CONDO |
33 |
| 2784 SUNSET AVE |
$139,000 |
2 |
1 |
736 |
$189 |
DETACHD |
112 |
| 3355 Summerlinn DR |
$145,900 |
1 |
1 |
883 |
$165 |
CONDO |
11 |
| 3850 SUMMERLINN DR |
$179,900 |
2 |
2.1 |
1,418 |
$127 |
CONDO |
82 |
| 2191 HIDDEN SPRINGS CT |
$229,000 |
4 |
3 |
2,534 |
$90 |
DETACHD |
276 |
| 6283 TACK CT |
$334,850 |
3 |
2.1 |
1,862 |
$180 |
DETACHD |
10 |
| 18350 LOWER MIDHILL DR |
$339,900 |
4 |
2 |
1,967 |
$173 |
DETACHD |
203 |
| 6351 PALOMINO WAY |
$399,000 |
4 |
3 |
2,690 |
$148 |
DETACHD |
133 |
| 6106 CHURCHILL DOWNS DR |
$399,850 |
4 |
2.1 |
3,199 |
$125 |
DETACHD |
227 |
| 3500 CHELAN DR |
$450,000 |
3 |
3.1 |
2,977 |
$151 |
DETACHD |
10 |
| 1056 Epperly WAY |
$459,900 |
3 |
3 |
2,486 |
$185 |
DETACHD |
211 |
| 4524 MAXFIELD DR |
$494,900 |
4 |
2.1 |
3,139 |
$158 |
DETACHD |
101 |
| 21357 WATERFORD PL |
$635,000 |
4 |
2.1 |
3,317 |
$191 |
DETACHD |
81 |
| AVERAGES |
$333,623 |
|
|
2,175 |
$154 |
|
115 |
Closed Sales
| 2422 SOUTHSLOPE WAY |
$289,000 |
$279,000 |
-3% |
4 |
3 |
2,502 |
$112 |
DETACHD |
12 |
| 2112 BRIDLE WAY |
$379,000 |
$299,000 |
-21% |
4 |
3 |
2,521 |
$119 |
DETACHD |
114 |
| 21305 MILES DR |
$484,900 |
$385,000 |
-21% |
4 |
3 |
3,157 |
$122 |
DETACHD |
192 |
| 1070 Meek WAY |
$482,875 |
$430,000 |
-11% |
4 |
3 |
2,595 |
$166 |
DETACHD |
372 |
| 21425 PARKVIEW TER |
$593,950 |
$556,000 |
-6% |
5 |
2.1 |
3,612 |
$154 |
DETACHD |
128 |
| 2770 SW SCHAEFFER RD |
$600,000 |
$580,000 |
-3% |
3 |
2.1 |
2,832 |
$205 |
DETACHD |
59 |
| 5122 GREGORY CT |
$725,000 |
$725,000 |
0% |
5 |
4 |
4,336 |
$167 |
DETACHD |
|
| AVERAGES |
$507,818 |
$464,857 |
-9% |
|
|
3,079 |
$149 |
|
146 |
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.
Ron Ares March 31st, 2010
Not exactly the happiest headline, I will admit.
For my own curiosity, I ran numbers for the West Linn market, and found that nearly 1 in 5 homes for sale is either listed at a price below the mortgage payoff amount (short sale) or has been foreclosed on and is now owned by the bank.
Here’s the breakdown from the RMLS database as of March 29, 2010:
- 384 active properties for sale in West Linn
- 54 short sale properties (14%)
- 19 bank-owned (REO) properties (5%)
I wish I had a way to compare this to previous samples, but the data isn’t easily attainable. The local multiple listing service, RMLS, only recently instituted the ‘short sale’ field in the database, allowing brokers to distinguish these from bank-owned properties. Going forward, these numbers will be more accurate.
Please note, this sample is only for homes actively being marketed, and doesn’t include homes that are merely in default or held off the market by banks as part of the their ‘shadow inventory’ (if it exists).
Ron Ares March 29th, 2010
A relatively quiet beginning of the spring season for West Linn, with just 2 closed sales. A few more will likely trickle in over the next few days to complete the month of March.
Newly Listed
| 20910 FAWN CT |
$109,900 |
1 |
1 |
720 |
$153 |
CONDO |
3/23/10 |
| 20020 MARIGOLD CT |
$150,000 |
2 |
2 |
1,068 |
$140 |
CONDO |
3/26/10 |
| 2828 TREE TOP LN |
$151,500 |
2 |
1.1 |
1,141 |
$133 |
CONDO |
3/24/10 |
| 1757 DOLLAR ST |
$289,900 |
3 |
2.1 |
1,604 |
$181 |
CONDO |
3/26/10 |
| 1736 SW GREENWAY CIR |
$300,000 |
4 |
2 |
1,644 |
$182 |
DETACHD |
3/26/10 |
| 1753 JAMIE CIR |
$319,000 |
3 |
2 |
1,841 |
$173 |
DETACHD |
3/26/10 |
| 6283 TACK CT |
$334,850 |
3 |
2.1 |
1,862 |
$180 |
DETACHD |
3/22/10 |
| 2112 WEBB ST |
$335,000 |
4 |
2.1 |
2,492 |
$134 |
DETACHD |
3/24/10 |
| 19436 WILDERNESS DR |
$349,943 |
3 |
2.1 |
2,139 |
$164 |
DETACHD |
3/26/10 |
| 1353 TROON DR |
$374,950 |
4 |
2.1 |
3,121 |
$120 |
DETACHD |
3/23/10 |
| 2005 16TH ST |
$399,000 |
3 |
2 |
2,338 |
$171 |
DETACHD |
3/24/10 |
| 707 MARYLHURST CIR |
$425,000 |
4 |
3 |
1,933 |
$220 |
DETACHD |
3/25/10 |
| 3500 CHELAN DR |
$450,000 |
3 |
3.1 |
2,977 |
$151 |
DETACHD |
3/22/10 |
| 1344 TROON DR |
$475,000 |
3 |
2 |
2,600 |
$183 |
DETACHD |
3/23/10 |
| 3651 LANDIS ST |
$489,000 |
3 |
2.1 |
2,911 |
$168 |
DETACHD |
3/24/10 |
| 2282 Rogue WAY |
$514,900 |
4 |
2.1 |
3,100 |
$166 |
DETACHD |
3/26/10 |
| 2254 Rogue WAY |
$524,900 |
4 |
2.1 |
3,000 |
$175 |
DETACHD |
3/26/10 |
| 3424 CHELAN DR |
$524,900 |
4 |
2.1 |
3,157 |
$166 |
DETACHD |
3/26/10 |
| 3053 S ROXBURY DR |
$549,000 |
4 |
3.1 |
3,108 |
$177 |
DETACHD |
3/22/10 |
| 2805 POLO CT |
$549,900 |
4 |
2.1 |
3,369 |
$163 |
DETACHD |
3/26/10 |
| 2984 SUNBREAK LN |
$569,000 |
4 |
2.1 |
3,111 |
$183 |
DETACHD |
3/23/10 |
| 1140 BLANKENSHIP RD |
$729,000 |
5 |
3 |
4,050 |
$180 |
DETACHD |
3/26/10 |
| 5005 MAPLETON DR |
$999,000 |
4 |
3 |
3,387 |
$295 |
DETACHD |
3/24/10 |
| AVERAGES |
$431,028 |
|
|
2,464 |
$172 |
|
|
Pending Sales
| 5640 SUMMERLINN WAY |
$136,500 |
1 |
1 |
874 |
$156 |
CONDO |
39 |
| 2003 MARYLHURST DR |
$229,900 |
3 |
2.1 |
2,294 |
$100 |
DETACHD |
52 |
| 1735 Dollar |
$239,900 |
3 |
2.1 |
1,305 |
$184 |
CONDO |
297 |
| 22115 CHELAN LOOP |
$369,900 |
3 |
2.1 |
1,740 |
$213 |
ATTACHD |
97 |
| 1895 DEANA DR |
$399,000 |
3 |
2.1 |
2,386 |
$167 |
DETACHD |
103 |
| 3150 SABO LN |
$399,000 |
4 |
3 |
2,572 |
$155 |
DETACHD |
26 |
| 2101 PEREGRINE CT |
$575,000 |
5 |
3.1 |
5,000 |
$115 |
DETACHD |
626 |
| AVERAGES |
$335,600 |
|
|
2,310 |
$156 |
|
177 |
Closed Sales
| 2525 SUNSET AVE |
$298,388 |
$290,000 |
-3% |
5 |
2.1 |
2,157 |
$134 |
DETACHD |
127 |
| 1225 12TH ST |
$449,000 |
$432,000 |
-4% |
4 |
2.2 |
3,157 |
$137 |
DETACHD |
17 |
| AVERAGES |
$373,694 |
$361,000 |
-3% |
|
|
2,657 |
$136 |
|
72 |
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.
Ron Ares March 21st, 2010
Happy Spring Break to you all!
If you’re still in town and reading this….then here’s the week’s activity: 26 new listings, 9 pending sales, and 4 closed transactions.
Newly Listed
| 3355 Summerlinn DR |
$145,900 |
1 |
1 |
883 |
$165 |
CONDO |
3/18/10 |
| 2818 TREE TOP LN |
$161,900 |
2 |
1.1 |
1,141 |
$142 |
CONDO |
3/17/10 |
| 4240 SUMMERLINN DR |
$180,700 |
3 |
2 |
1,095 |
$165 |
CONDO |
3/20/10 |
| 2590 LANCASTER ST |
$248,900 |
3 |
2 |
1,040 |
$239 |
DETACHD |
3/15/10 |
| 20419 S Hoodview AVE |
$249,000 |
3 |
2.1 |
2,076 |
$120 |
ATTACHD |
3/16/10 |
| 6533 Lowry DR |
$259,900 |
3 |
2 |
1,337 |
$194 |
DETACHD |
3/16/10 |
| 4176 IMPERIAL DR |
$264,900 |
3 |
2.1 |
1,877 |
$141 |
DETACHD |
3/17/10 |
| 4609 RIVERVIEW AVE |
$264,900 |
3 |
2 |
2,739 |
$97 |
DETACHD |
3/15/10 |
| 2108 BUCK ST |
$279,900 |
4 |
2 |
2,817 |
$99 |
DETACHD |
3/17/10 |
| 22580 S GRAPEVINE RD |
$299,900 |
3 |
2 |
1,296 |
$231 |
RES-MFG |
3/18/10 |
| 1736 SW GREENWAY CIR |
$300,000 |
4 |
2 |
1,644 |
$182 |
DETACHD |
3/16/10 |
| 2007 WILLAMETTE VIEW CT |
$319,900 |
4 |
2.1 |
1,792 |
$179 |
DETACHD |
3/15/10 |
| 5470 GROVE ST |
$325,000 |
3 |
2 |
2,684 |
$121 |
DETACHD |
3/16/10 |
| 1406 ROSE MARIE DR |
$332,900 |
3 |
2.1 |
1,842 |
$181 |
DETACHD |
3/20/10 |
| 5217 SUMMIT ST |
$364,500 |
3 |
2.1 |
2,580 |
$141 |
DETACHD |
3/15/10 |
| 2215 CRESTVIEW DR |
$364,900 |
3 |
2 |
2,451 |
$149 |
DETACHD |
3/16/10 |
| 19910 ROAN CIR |
$399,900 |
4 |
3.1 |
2,962 |
$135 |
DETACHD |
3/15/10 |
| 1815 CARRIAGE WAY |
$450,000 |
4 |
3 |
2,438 |
$185 |
DETACHD |
3/19/10 |
| 2060 ALPINE DR |
$499,900 |
4 |
2.1 |
2,850 |
$175 |
DETACHD |
3/16/10 |
| 1715 Joseph Fields ST |
$509,900 |
3 |
2.1 |
2,595 |
$196 |
DETACHD |
3/17/10 |
| 2253 LOIS LN |
$559,900 |
5 |
2.1 |
3,784 |
$148 |
DETACHD |
3/19/10 |
| 6482 EVERGREEN DR |
$569,950 |
4 |
2.1 |
3,337 |
$171 |
DETACHD |
3/18/10 |
| 1829 MANCHESTER CT |
$585,000 |
4 |
2.1 |
3,060 |
$191 |
DETACHD |
3/19/10 |
| 2440 BELLEVUE TER |
$648,800 |
4 |
2.2 |
3,688 |
$176 |
DETACHD |
3/19/10 |
| 3689 FAIRVIEW WAY |
$719,000 |
4 |
2.3 |
3,968 |
$181 |
DETACHD |
3/19/10 |
| 19682 WILDWOOD DR |
$799,900 |
5 |
3.1 |
4,428 |
$181 |
DETACHD |
3/15/10 |
| AVERAGES |
$388,667 |
|
|
2,400 |
$165 |
|
|
Pending Sales
| 1985 HILLCREST DR |
$246,900 |
5 |
3.1 |
3,300 |
$75 |
DETACHD |
109 |
| 1901 ROCKRIDGE DR |
$298,000 |
4 |
2.1 |
2,520 |
$118 |
DETACHD |
135 |
| 1051 MEEK WAY |
$409,900 |
3 |
3 |
2,179 |
$188 |
DETACHD |
11 |
| 1056 Epperly WAY |
$459,900 |
3 |
3 |
2,486 |
$185 |
DETACHD |
196 |
| 3841 FAIRHAVEN DR |
$464,900 |
4 |
2.1 |
2,746 |
$169 |
DETACHD |
15 |
| 1062 Meek WAY |
$469,900 |
3 |
3 |
2,852 |
$165 |
DETACHD |
389 |
| 3125 WINKEL WAY |
$479,900 |
5 |
2.1 |
3,119 |
$154 |
DETACHD |
182 |
| 2051 BAY MEADOWS DR |
$575,000 |
5 |
3 |
3,664 |
$157 |
DETACHD |
48 |
| 23720 SW STAFFORD HILL DR |
$865,000 |
5 |
3.2 |
5,105 |
$169 |
DETACHD |
290 |
| AVERAGES |
$474,378 |
|
|
3,108 |
$153 |
|
153 |
Closed Sales
| 4174 IMPERIAL DR |
$259,900 |
$235,000 |
-10% |
3 |
3 |
1,912 |
$123 |
DETACHD |
57 |
| 1245 BEXHILL ST |
$315,000 |
$305,000 |
-3% |
3 |
2.1 |
1,823 |
$167 |
DETACHD |
23 |
| 3292 NOMIE WAY |
$499,900 |
$445,000 |
-11% |
5 |
3.1 |
3,984 |
$112 |
DETACHD |
358 |
| 18888 OLD RIVER DR |
$779,000 |
$685,000 |
-12% |
4 |
3.1 |
3,508 |
$195 |
DETACHD |
212 |
| AVERAGES |
$463,450 |
$417,500 |
-9% |
|
|
2,807 |
$149 |
|
163 |
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.
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
| 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
| 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
| 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.
Ron Ares March 8th, 2010
Thirty-eight properties make up this week’s list. Twenty-eight new listings, four pending sales, and six closed transactions. Seven of the new listings are new construction homes in the Arbor Cove development off Willamette Falls Drive.
Bargain hunters ruled the week with 4 properties sold at discounts over 25% of the original list price. The property sold on Hall Street was a bank-owned home. The Stafford Hill home was actually originally listed at $3,999,000 going back to July 2005 (1,649 days on market).
Newly Listed
| 20080 LARKSPUR LN |
$139,900 |
2 |
2 |
1,068 |
$131 |
ATTACHD |
3/5/10 |
| 2616 SW MOSSY BRAE RD |
$150,000 |
2 |
1.1 |
968 |
$155 |
DETACHD |
3/2/10 |
| 2035 TITAN TER |
$197,000 |
2 |
2.1 |
1,409 |
$140 |
ATTACHD |
3/1/10 |
| 2431 TULANE ST |
$269,000 |
3 |
1.1 |
1,200 |
$224 |
DETACHD |
3/2/10 |
| 1766 REGENCY ST |
$279,900 |
3 |
0.2 |
1,450 |
$193 |
DETACHD |
3/5/10 |
| 3074 CLUBHOUSE CT |
$300,000 |
2 |
2.1 |
1,660 |
$181 |
ATTACHD |
3/4/10 |
| 5686 SUMMIT ST |
$312,900 |
3 |
2.1 |
2,580 |
$121 |
DETACHD |
3/6/10 |
| 19685 SUN CIR |
$325,000 |
3 |
2.1 |
1,905 |
$171 |
DETACHD |
3/3/10 |
| 1055 MEEK WAY |
$349,900 |
3 |
3 |
1,801 |
$194 |
DETACHD |
3/5/10 |
| 1063 Meek WAY |
$359,900 |
3 |
2.1 |
1,801 |
$200 |
DETACHD |
3/5/10 |
| 2592 HILLCREST CT |
$374,999 |
3 |
2.1 |
2,475 |
$152 |
DETACHD |
3/5/10 |
| 2915 CARRIAGE WAY |
$375,500 |
3 |
2.1 |
2,505 |
$150 |
DETACHD |
3/2/10 |
| 19622 SUN CIR |
$379,000 |
3 |
2.1 |
2,048 |
$185 |
DETACHD |
3/6/10 |
| 1059 MEEK WAY |
$379,900 |
4 |
3 |
2,012 |
$189 |
DETACHD |
3/5/10 |
| 1822 5TH AVE |
$389,900 |
2 |
2 |
1,675 |
$233 |
DETACHD |
3/4/10 |
| 3150 SABO LN |
$399,000 |
4 |
3 |
2,572 |
$155 |
DETACHD |
3/2/10 |
| 1051 MEEK WAY |
$409,900 |
3 |
3 |
2,179 |
$188 |
DETACHD |
3/5/10 |
| 3262 TOP VIEW CT |
$424,900 |
4 |
4 |
3,292 |
$129 |
DETACHD |
3/6/10 |
| 3715 FAIRVIEW WAY |
$438,000 |
3 |
3 |
2,628 |
$167 |
DETACHD |
3/3/10 |
| 1850 Joseph Fields ST |
$449,900 |
4 |
3 |
2,538 |
$177 |
DETACHD |
3/5/10 |
| 1056 Epperly WAY |
$459,900 |
3 |
3 |
2,486 |
$185 |
DETACHD |
3/5/10 |
| 1062 Meek WAY |
$469,900 |
3 |
3 |
2,852 |
$165 |
DETACHD |
3/5/10 |
| 21360 HORTON CT |
$475,900 |
4 |
3 |
3,075 |
$155 |
DETACHD |
3/3/10 |
| 3880 ROSEPARK DR |
$499,900 |
4 |
2.1 |
3,152 |
$159 |
DETACHD |
3/1/10 |
| 19722 BELLEVUE WAY |
$549,000 |
6 |
3.1 |
4,121 |
$133 |
DETACHD |
3/5/10 |
| 1924 SUNBURST TER |
$617,500 |
5 |
4 |
6,354 |
$97 |
DETACHD |
3/4/10 |
| 21462 SW SAINT JAMES PL |
$879,000 |
5 |
5.2 |
8,319 |
$106 |
DETACHD |
3/2/10 |
| 967 WILLAMETTE FALLS DR |
$1,600,000 |
5 |
4.1 |
5,793 |
$276 |
DETACHD |
3/3/10 |
|
AVERAGES
|
$437,700 |
|
|
2,711 |
$168 |
|
|
Pending Sales
| 5595 SUMMERLINN WAY |
$219,500 |
2 |
2 |
1,276 |
$172 |
CONDO |
216 |
| 23067 S BLAND CIR |
$449,000 |
4 |
2.1 |
2,680 |
$168 |
DETACHD |
348 |
| 4123 IMPERIAL DR |
$465,000 |
4 |
3.1 |
3,356 |
$139 |
DETACHD |
5 |
| 6310 HAVERHILL CT |
$490,000 |
4 |
3 |
3,105 |
$158 |
DETACHD |
9 |
| AVERAGES |
$405,875 |
|
|
2,604 |
$159 |
|
145 |
Closed Sales
| 1900 HALL ST |
$599,900 |
$390,000 |
-35% |
5 |
3.1 |
4,825 |
$81 |
DETACHD |
282 |
| 4023 IMPERIAL DR |
$585,000 |
$435,000 |
-26% |
3 |
2.1 |
2,711 |
$160 |
DETACHD |
255 |
| 21381 S GRAPEVINE RD |
$635,000 |
$475,000 |
-25% |
3 |
2.1 |
2,297 |
$207 |
DETACHD |
369 |
| 1761 Joseph Fields ST |
$509,425 |
$511,696 |
0% |
3 |
3 |
2,766 |
$185 |
DETACHD |
|
| 2308 FALCON DR |
$574,900 |
$540,000 |
-6% |
4 |
2.1 |
3,401 |
$159 |
DETACHD |
54 |
| 23232 SW STAFFORD HILL DR |
$2,695,000 |
$2,000,000 |
-26% |
5 |
5.3 |
9,722 |
$206 |
DETACHD |
1649 |
| AVERAGES |
$933,204 |
$725,283 |
-22% |
|
|
4,287 |
$169 |
|
522 |
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.
Ron Ares March 2nd, 2010
The month-end flurry for February brought nine pending and eight closed sales in the final week.
I’m still working on a solution to link you directly to active properties and hope to solve that by next week’s report.
Newly Listed
| 20030 MARIGOLD CT |
$129,900
|
2
|
2
|
1,068
|
$122
|
CONDO |
2/25/10 |
| 3660 SUMMERLINN DR |
$178,900
|
2
|
2.1
|
1,418
|
$126
|
CONDO |
2/23/10 |
| 18365 WILLAMETTE DR |
$217,500
|
3
|
2
|
1,152
|
$189
|
DETACHD |
2/26/10 |
| 1790 BRITTON ST |
$287,000
|
2
|
2
|
1,680
|
$171
|
DETACHD |
2/28/10 |
| 19359 VIEW DR |
$289,000
|
4
|
2
|
1,920
|
$151
|
DETACHD |
2/22/10 |
| 22195 CHELAN LOOP |
$315,000
|
2
|
2.1
|
1,609
|
$196
|
ATTACHD |
2/28/10 |
| 2607 UMPQUA LN |
$325,000
|
3
|
2.1
|
2,304
|
$141
|
DETACHD |
2/28/10 |
| 4578 NORFOLK ST |
$333,000
|
3
|
3
|
2,200
|
$151
|
DETACHD |
2/22/10 |
| 6th AVE |
$415,000
|
4
|
2
|
1,810
|
$229
|
DETACHD |
2/23/10 |
| 19874 BENNINGTON CT |
$449,000
|
4
|
3.1
|
3,630
|
$124
|
DETACHD |
2/25/10 |
| 4123 IMPERIAL DR |
$465,000
|
4
|
3.1
|
3,356
|
$139
|
DETACHD |
2/28/10 |
| 28353 SW MOUNTAIN RD |
$469,000
|
3
|
2
|
2,636
|
$178
|
DETACHD |
2/26/10 |
| 4128 CALAROGA DR |
$489,500
|
3
|
2.1
|
2,064
|
$237
|
DETACHD |
2/25/10 |
| 19735 SUNCREST DR |
$544,950
|
4
|
3.1
|
3,224
|
$169
|
DETACHD |
2/22/10 |
| 19618 WILDWOOD DR |
$565,000
|
4
|
2.1
|
3,531
|
$160
|
DETACHD |
2/24/10 |
| 1301 SW SCHAEFFER RD |
$599,900
|
4
|
2.1
|
4,474
|
$134
|
DETACHD |
2/24/10 |
| 2651 BEACON HILL DR |
$648,950
|
4
|
2.1
|
3,307
|
$196
|
DETACHD |
2/28/10 |
| 448 SW ALDERWOOD DR |
$749,000
|
4
|
3.1
|
3,243
|
$231
|
DETACHD |
2/26/10 |
| 3869 SOUTH HAMPTON CT |
$769,900
|
4
|
3.1
|
4,031
|
$191
|
DETACHD |
2/25/10 |
| 19150 NIXON AVE |
$1,149,500
|
4
|
3.1
|
3,463
|
$332
|
DETACHD |
2/23/10 |
| AVERAGES |
$469,500
|
|
|
2,606
|
$178
|
|
|
Pending Sales
| 4395 NORFOLK ST |
$209,900
|
4
|
2
|
1,475
|
$142
|
DETACHD |
85 |
| 4174 IMPERIAL DR |
$249,900
|
3
|
3
|
1,912
|
$131
|
DETACHD |
57 |
| 1312 SHERRI CT |
$339,900
|
4
|
3
|
2,636
|
$129
|
DETACHD |
57 |
| 1692 19TH ST |
$340,000
|
4
|
2.1
|
2,004
|
$170
|
DETACHD |
30 |
| 1070 Meek WAY |
$489,900
|
4
|
3
|
2,595
|
$189
|
DETACHD |
372 |
| 1201 12th ST |
$489,900
|
4
|
2.1
|
2,801
|
$175
|
DETACHD |
176 |
| 2252 Haskins RD |
$499,900
|
4
|
2.1
|
3,100
|
$161
|
DETACHD |
|
| 21381 S GRAPEVINE RD |
$525,000
|
3
|
2.1
|
2,297
|
$229
|
DETACHD |
369 |
| 21425 PARKVIEW TER |
$568,950
|
5
|
2.1
|
3,612
|
$158
|
DETACHD |
128 |
| AVERAGES |
$412,594
|
|
|
2,492
|
$165
|
|
159 |
Closed Sales
| 2165 SNOWBERRY RIDGE CT |
$122,955
|
$120,000
|
-2%
|
1
|
1
|
716
|
$168
|
CONDO |
44 |
| 3430 Summerlinn DR |
$174,900
|
$178,500
|
2%
|
2
|
2.1
|
1,321
|
$135
|
CONDO |
2 |
| 2255 LEONARD ST |
$224,000
|
$215,000
|
-4%
|
3
|
2.1
|
1,796
|
$120
|
ATTACHD |
54 |
| 1066 Meek WAY |
$454,900
|
$429,900
|
-5%
|
3
|
3
|
2,155
|
$199
|
DETACHD |
312 |
| 1834 Joseph Fields ST |
$469,900
|
$475,000
|
1%
|
4
|
2.1
|
2,573
|
$185
|
DETACHD |
|
| 1064 Epperly DR |
$485,350
|
$485,350
|
0%
|
3
|
3
|
2,538
|
$191
|
DETACHD |
|
| 4782 COHO LN |
$649,900
|
$620,000
|
-5%
|
5
|
3.1
|
3,611
|
$172
|
DETACHD |
10 |
| 2475 BELLEVUE TER |
$749,900
|
$717,000
|
-4%
|
4
|
3.1
|
4,364
|
$164
|
DETACHD |
78 |
| AVERAGES |
$416,476
|
$405,094
|
-2%
|
|
|
2,384
|
$167
|
|
83 |
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.
Ron Ares February 26th, 2010
A reader recently posed a question, asking when the peak real estate market would begin in West Linn.
You might find the graph below charting the number of sales per month interesting:
I would have guessed that 2008′s trending (in red) would have been the standard curve–closed sales peaking in July.
It’s interesting to see how 2009 turned out, with almost an inverse of what you would have expected — higher sales volume at the end of the year.
First-time homebuyer credits? Pent-up demand? Your thoughts?
