Last week’s activity was slow, to put it mildly. There were 9 genuine new listings: meaning that they were not previously listed either by another Realtor or at a higher price. There were 4 houses that went pending, and zero closed sales. Probably the most interesting thing I observed is that of the pending sales, 3 out of the 4 sold in 35 days or less. I checked the market history on all of them and these sales really did happen that quickly. So there is a place where market demand meets current economic conditions and properties sell. I also think that buyers who are in the market are watching the inventory and jumping on the good deals. On the flip side is the 4th pending sale. It took 574 days to receive an accepted offer. It was originally listed for $1,199,000 and finally priced dropped, after such a long market time, to $689,000 in order to get it gone.
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
LIST DATE
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | List Date | ||
| 92 GALEN ST | $119,500 | 1 | 1 | 689 | CONDO | 2/13/2009 | ||
| 45 EAGLE CREST DR | $119,900 | 1 | 1 | 600 | CONDO | 2/15/2009 | ||
| 11 CRESTFIELD CT | $149,000 | 1 | 1 | 650 | CONDO | 2/13/2009 | ||
| 5051 FOOTHILLS DR | $249,999 | 2 | 2 | 991 | ATTACHD | 2/9/2009 | ||
| 1960 MAPLELEAF RD | $325,000 | 3 | 2 | 1,210 | DETACHD | 2/9/2009 | ||
| 178 PINE VALLEY RD | $475,000 | 5 | 3.1 | 2,999 | DETACHD | 2/12/2009 | ||
| 17196 KELOK RD | $750,000 | 3 | 2.1 | 2,500 | DETACHD | 2/13/2009 | ||
| 2400 DELLWOOD DR | $899,000 | 4 | 3 | 3,180 | DETACHD | 2/10/2009 | ||
| 17590 KELOK RD | 1749000 | 5 | 4 | 5,000 | DETACHD | 2/9/2009 |
PENDING SALES (February 9, 2009 – February 15, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
|||
| 4 TOUCHSTONE DR | $114,000 | 2 | 2 | 984 | CONDO | 35 | |||
| 750 1ST ST | $196,500 | 2 | 2 | 1,350 | CONDO | 34 | |||
| 16978 CANAL CIR | $350,000 | 3 | 2 | 1,962 | DETACHD | 4 | |||
| 4155 CANAL RD | $689,000 | 4 | 2.1 | 3,736 | DETACHD | 574 | |||
There were no closed sales the week of February 9-15, 2009.
Criteria: Homes in the 97034 and 97035 zip code, listed, pending 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.
If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold