Author: Dianne Gregoire

Posted on

Market Activity for May 2-8, 2011

Here is your weekly market activity report. In Lake Oswego last week there were 20 new listings, 14 pending sales, and 9 closed sales.

NEWLY LISTED (May 2-8, 2011)

Address Type Price Sq FT BR Baths
4631 Lakeview Blvd Condo $85,000 753 1 1
47 Eagle Crest Dr #53 Condo $85,000 1024 3 1
86 Kingsgate Rd D204 Condo $89,900 924 2 2
661 6th St Detached $329,000 1824 3 1
9 Churchill Downs Detached $339,900 1914 3 2
13594 Blazer Trail Detached $350,000 1948 3 2
1023 Lund St Detached $379,000 2313 4 2.5
4972 Suntree Ln Detached $390,000 1756 3 2.5
16950 Lakeridge Dr Detached $399,000 2305 4 2.5
26 Briarwood Rd Detached $399,000 2554 4 2.5+.5
39 Becket St Detached $429,000 4746 4 3.5
13340 Auburn Ct Attached $449,000 2451 3 2.5
150 Iron Mtn. Blvd Detached $449,900 2868 3 2.5
19251 Dogwood Ct Detached $469,900 2953 5 2.5
19333 Dogwood Ct Detached $529,900 3234 5 3
13254 Twin Creek Ct Detached $599,500 3470 3 2.5
13124 Knaus Rd Lt 2 Detached 739,900 3016 3 2.5
5765 Victoria Ct Detached $749,000 3560 4 3.5
850 Schukart Ln Detached $875,000 4378 4 3
2735 Glen Eagles Rd Detached $1,098,000 2950 3 3.5

PENDING SALES (May 2-8, 2011)

Address Type Price Sq Ft BR Baths CDOM
104 Oswego Summet Condo $69,900 764 1 1 167
5215 Madrona St Detached $242,500 1325 3 2 105
18690 Don Lee Way Detached $249,900 1136 3 2 22
15245 Boones Way Attached $289,900 1600 3 2.5 292
19250 Maree Ct Detached $294,000 1519 3 2.5 81
5978 Fernbrook Circle Detached $297,000 1612 3 2.5 41
17017 Canal Circle Detached $375,000 2665 4 2.5 48
17055 Crestview Dr Detached $424,900 2575 4 3 287
18955 Bryant Rd Detached $735,000 3647 4 2.5 537
13136 Knaus Rd Lt 3 Detached $794,900 3504 4 3.5 0
13112 Knaus Rd Detached $845,000 3673 5 3.5 0
13112 6th St Detached $899,950 3840 4 3.5 180
17460 Wren Ct Detached $995,900 3305 4 3.5 67
14001 Goodall Rd Detached $1,329,000 5397 4 3.5 31

SOLD (May 2-8, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
4000 Carman Dr #85 $124,900 $105,000 Condo 834 262
16200 Pacific Hsy $160,000 $185,000 Condo 1190 11
53 Oriole Ln $304,900 $240,000 Detached 2072 179
44 Da Vinci St $339,900 $335,000 Detached 14
1851 Kilkenny Dr $389,900 $349,900 Detached 2654 182
14402 Orchard Springs $399,900 $350,000 Detached 2174 45
920 Evergreen Rd $575,000 $463,500 Detached 1622 413
19125 35th Pl $769,000 $745,000 Detached 5153 345
14066 Goodall Rd $1,050,000 $925,000 Detached 4220 66

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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

Posted on

Open Houses for May 8, 2011

It must be Mother’s Day tomorrow because there are just 5 houses being held open. Be sure to celebrate your Mom, and perhaps even take her out to see some beautiful homes.

2360 Greentree Rd, $389,000, Detached, 3 BR/2.5 Baths, open 3 to 5
7 Del Prado St, $479,900, Detached, 4 BR/3 Baths, open 2 to 4
5115 Denton Dr., $699,000, Detached, 3 BR/2.5 Baths, open 12 to 3
19124 Megan Pl, $699,000, Detached, 4 BR/2.5 Baths, open 1 to 4
16818 Sylvan Ct, $849,000, Detached 4 BR/2.5 Baths, open 1:30 to 5

Posted on

The Power of Color

It used to be that the rule of thumb when selling your home was paint the walls white. You didn’t want to turn off your potential buyer by having a color on a wall that they would not like. The times have changed, and that just simply is no longer the case. In fact, color is a big feature when selling your home.

So what color is best? Good question.

For the past 5 or so years earth tones have been very popular. Earth tones are just that, colors that are found in nature. Soft shades of green, warm shades of brown and rust, and even deep shades of auburn or red. These have really been en vogue. Curiously, I have noticed in some national advertising by a large home decorating store, crisp blue tones. This has me wondering if the earth tones are headed out and the colder shades of blue and gray might be coming back in.

To know what color to paint your house if you are doing it for the purpose of selling, my suggestion is to visit some new neighborhoods that are currently under construction and tour the model homes. The builders hire designers to select the paint colors and these designers stay on top of the latest trends.

Is white completely wrong? No, not always. White-on-white such as you find in extremely contemporary homes has never gone out of style. What about black? Black can be extremely effective as an accent, but don’t over do it. Both black and white can add elegance and sophistication.

To learn a little bit more about color, I found information from Debbie Zimmer, a contributor to Realtor Magazine and a color expert at the Paint Quality Institute. She has some ideas not just about color but about how color can influence the mood of a room:

Purple can be used effectively in a child’s room and it is known to stimulate brain activity.

Blue has been shown to lower pulse rate and body temperature, making it great for bedrooms. It was used by ancient Egytians and Native Americans to heal.

Green is soothing. Like blue, it is calming and works well in bedrooms.

Yellow makes people happy and represents optimism. Studies have shown it causes the brain to release more serotonin. I want to suggest that you have to be careful with yellow. Keep it soft and buttery. When done right, it is fantastic. When too bright or loud, it is a big mistake. Years ago I heard a statistic that a yellow house (exterior paint) will sell faster than any other color. I am no longer convinced that this is true, but I do know that buyers do respond positively to it, again, when it is done right.

Orange says “look at me”. Muddy shades are very rich and soothing. If it is too bright it will appear raw and flamboyant.

Red has energy and makes people feel excited. It is associated with passion and can be used effectively in a master suite, but also in a dining room.

So don’t be afraid of color, but use it correctly. And I highly encourage you, if you have lived in your home for many years, to consider updating the paint scheme if you are considering selling. Do your research to figure out what is in style. Paint is one of the least expensive things you can do to remodel a home, particularly if you are able to do the painting yourself. Painting is step #1 in preparing your home for selling.

Posted on

Market Activity April 18-24, 2011

Last week Lake Oswego had 16 new listings come onto the market, 18 houses go into pending status, and 12 closed sales. Of note: 3 of the pending sales were at $1,000,000+ and one was at $999,000.

NEWLY LISTED (April 18-24, 2011)

Address Type Price Sq FT BR Baths
15240 Boones Way Condo $164,900 1180 2 2
480 S State St Condo $235,000 1659 2 2
6016 Bonita Rd Detached $239,000 1978 4 2
5311 Tualata Ct Detached $249,000 1387 3 1.5
1637 Laurel St Detached $389,000 1792 6 1
4160 Chapman Way Detached $389,900 1800 3 2
2681 Greentree Rd Detached $395,000 2291 4 3
1580 Woodland Terr. Detached $549,900 2127 4 2.5
19240 Megly Ct Detached $579,900 3633 5 3.5
17658 Brookhurst Dr Detached $589,000 4198 3 3
5542 Dunmire Dr Detached $599,900 3204 4 2.5
5515 Dunmire Dr Detached $629,900 3287 4 3
1541 Maple St Detached $729,000 3215 4 4
16818 Sylvan Ct Detached $849,000 3209 4 2.5
13048 Knaus Rd Detached $875,000 3715 4 3.5
18143 Siena Dr Detached $898,950 3350 4 3.5

PENDING SALES (April 18-24)

Address Type Price Sq Ft BR Baths CDOM
200 Burnham Rd #203 Condo $129,000 1160 2 1 1302
4425 Thunder Vista Ln Condo $149,900 1518 2 2.5 110
4281 Cobb Way Detached $249,900 1626 3 2 7
7 Bloch Terr. Attached $285,000 2062 3 2.5 191
1 Hidalgo St Detached $349,900 2489 2 2.5 253
1766 Fern Pl Detached $365,000 1937 3 2 18
510 5th St Attached $375,000 1524 2 2.5 53
19 Grouse Terr. Detached $419,900 3383 3 2.5 283
6132 Summer Woods Detached $489,900 2778 4 2.5 10
1643 Village Park Ln Detached $639,900 4505 4 3.5 440
1088 Westward Ho Rd Detached $648,000 1837 2 2 226
1930 Indian Trail Detached $669,000 3260 3 3 332
5160 Woodcrest Ln Detached $691,488 3575 4 3.5 0
17614 Blue Heron Detached $797,500 3150 4 3 42
425 Northshore Rd Detached $999,000 3270 4 3 450
14066 Goodall Rd Detached $1,050,000 4220 4 3.5 66
2778 Glenmorrie Dr Detached `$1,150,000 6263 5 4.5+.5+.5 471
1956 Cheryl Ct Detached $1,295,000 5173 4 4.5+.5 16

SOLD (April 18-24, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
668 McVey Ave #82 $109,250 $120,000 Condo 992 46
4 Touchstone #136 $174,950 $159,500 Condo 1351 822
5530 Bonita Rd $295,000 $200,000 Detached 1200 64
103 3rd St $349,900 $242,500 Condo 1006 317
3165 Douglas Circle $325,000 $265,000 Detached 1764 3
4342 Woodside Circle $285,000 $285,000 Attached 1643 2
18929 Indian Springs $435,000 $405,000 Detached 3380 51
1692 Fircrest Ct $450,000 $450,000 Detached 2569 0
5434 Rosalia Way $559,000 $477,000 Detached 2600 245
17754 Treetop Ln $550,000 $535,000 Detached 3668 7
2757 Lakeview Blvd $725,000 $675,000 Detached 3321 540
444 Ridgeway Rd $850,000 $810,000 Detached 2099 541

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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

Posted on

Open Houses for April 24, 2011

It’s a beautiful day in Lake Oswego. We may get a lot of rain, but boy do we appreciate the first perfect days of spring!
Tomorrow there are 6 houses being held open. Enjoy.

Address Type Price BR Baths Open
16090 SW Kimball Ave Detached $329,995 4 1.5 1 to 3
19443 Kikanee Ct Detached $474,700 4 2.5 12 to 4
19487 Dogwood Ct Detached $479,900 4 3 10 to 5
19285 Megly Ct Detached $539,900 5 3 10 to 5
19200 Megly Ct Detached $569,900 6 3 10 to 5
5542 Dunmire Dr Detached $599,900 4 2.5 10 to 5
17884 Kelok Rd Detached $668,000 5 3.5 2 to 4
5533 Fieldstone Ct Detached $668,950 4 2.5 1:30 to 4
5321 Amberwood Ct Detached $669,900 4 3 1 to 3
5320 Southwood Dr Detached $695,000 4 3 1 to 3
15622 Fieldstone Dr Detached $698,950 3 2.5 1:30 to 4
5115 Denton Dr Detached $719,000 3 2.5 12 to 3
18222 Siena Dr Detached $1,189,000 4 3.5 1 to 3
2572 Glen Eagles Pl Detached $1,895,000 5 4.5+.5 1 to 3
Posted on

Basements

Photo courtesy of Google Images
One of the most frequently asked question I hear when I am working with buyers who are relocating to Oregon from other states is why don’t our newer homes have basements? It’s simple really. It’s because we have such a mild climate that our frost line is not very deep below the surface. House foundations need to be footed below the frost line to prevent the building from shifting during the freeze-thaw cycle. In really cold climates such as you find in the mid-West or back East, the frost line is quite deep. Because the builder has to take the foundation down so far into the earth, it makes economic good sense to utilize the space created by also putting in a basement.

In the earlier days of housing in Oregon, pretty much prior to about 1940, the people building homes often had come West and were building what they were familiar with. So in the Portland area, and even here in Lake Oswego, the houses built prior to 1940 usually do have a basement. But homes built later than 1940 rarely do.

Basement of Chillon Castle Photo courtesy of Wikipedia
The exception is a house built on a lot that slopes down from the street. Even in today’s new homes this sort of a lot is usually taken full advantage of by building a “daylight” basement. A daylight basement is different from a traditional basement in that it has at least one side that is fully above the ground. So you can have full size doors to the outside as well as full size windows.

Finished vs Unfinished
In many parts of the country basement square footage is not included in the total square footage of the house unless it is finished as living area. In Portland I think this was the case about 20 years ago. Gradually, as Realtors and sellers included unfinished basement square footage in the total square footage of the house, this became acceptable. So if you are looking at a house with a basement, you’ll want to figure out if the basement is finished or not.

Unfinished basements do have value. They are great areas for storage and utilities. But they are also great as a space that can be used roughly: for exercise, play area, and hobbies. Do they have the same value as living area that is above the ground? No. I put the question directly to an appraiser early in my career. He told me he felt an unfinished basement had about half the value per square foot as finished living area above ground. A finished basement can equal the value of the living area above ground if it is done with quality and if it has ceiling height, plenty of light, and windows that are large enough and close enough to the floor for safe exit in a fire.

Keep It Dry
The biggest issue with a basement is that it can be prone to water intrusion. Is there such a thing as a basement that will never leak? Perhaps today with codes that are better and if the proper measures are taken to ensure dryness. Probably the single most important thing to keep a basement dry is to keep gutters on the roof clean and working properly. This will take water away from the house and keep it from saturating the ground next to the foundation. The next consideration to a dry basement are drainage systems around the foundation and perhaps even the installation of a sump-pump to take water away from the house. Leaky basements can be fixed.

I really love basements. My own home has a finished basement that has been a great rec room over the years for everyone in the family. It stays cool in the summer and warm in the winter. And when my kids were teenagers, it was the neighborhood hangout. I was one of the Moms who liked having all of the kids over because I had a place they could hang out.

Let me know if you have any questions.
Dianne

Posted on

Market Activity for April 4-10, 2011

Last week Lake Oswego had 23 new listings come onto the market, 14 properties enter into pending status, and 10 closed sales. When Linda and I do these reports, we check the property history to make sure the listing is in fact new (hasn’t been on the market in the last 30 days). What I found interesting this week is that of the 23 new listings, easily a third were in the market last fall, pulled off for the winter, and are now being relisted to participate in the spring market.

See below for further details according to RMLS:

NEWLY LISTED (April 4-10, 2011)

Address Type Price Sq FT BR Baths
4640 Lower Dr Condo $139,900 1170 2 1.5
750 1st St #32 Condo $152,000 985 1 1
1115 Laurel St Detached $299,900 1928 4 2
6317 Alyssa Terrace Attached $299,900 1560 3 2.5
3305 Upper Dr Detached $324,900 1484 3 2
12 Hotspur St Detached $325,000 1876 3 2
2745 Greentree Rd Detached $325,000 1219 2 2
335 Lake Bay Ct Detached $337,000 968 3 1
16266 Inverurie Rd Detached $339,900 2503 3 2
4908 Mulholland Dr Attached $399,900 2498 3 2.5
3601 Wren St Detached $425,000 2220 3 2.5
5008 Hampton Ct Detached $448,000 2446 3 2.5
8 Morningview Circle Detached $474,500 2206 3 2.5
962 Country Commons Ln Detached $499,000 1832 3 2
3815 Southshore Blvd Detached $548,000 2638 4 2
2063 Ridgewood Rd Detached $564,500 2532 4 2.5
13161 Twin Creek Ct Detached $574,900 3083 4 2.5
3240 Westview Ct Detached $575,000 3092 4 3.5
8 Del Prado St Detached $585,000 3637 5 3
5115 Denton Dr Detached $719,000 3069 3 2.5
629 Iron Mountain Blvd. Detached $745,000 1988 3 2
4169 Casey Ct Detached $749,000 3770 4 3.5
1956 Cheryl Ct Detached $1,295,000 5173 4 4.5+.5

PENDING SALES (April 4-10, 2011)

Address Type Price Sq Ft BR Baths CDOM
16250 Pacific Hwy #81 Condo $84,000 841 1 1 111
53 Oriole Ln Detached $250,000 2072 3 2.5 179
18462 Don Lee Way Detached $299,500 1904 4 2 17
3165 Douglas Circle Detached $325,000 1764 2 1 3
14251 Camden Ln Detached $349,000 2179 3 2.5 276
1851 Kilkenny Dr Detached $349,900 2654 4 3 182
12562 Orchard Hill Rd Detached $354,900 2574 4 2.5 133
775 Boca Ratan Dr Detached $414,900 2727 4 3.5 162
785 5th St Detached $445,000 2112 3 2 55
3718 Rivers Edge Dr Detached $529,900 2536 3 2.5 40
3435 Lake Grove Ave Detached $549,000 2751 4 3 3
13090 Knaus Rd Detached $749,900 3504 4 3.5 52
1600 Country Commons Detached $1,195,000 5389 4 3.5 266
882 North Shore Rd Detached $1,850,000 3842 4 4.5 6

SOLD (April 4-10, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
79 Galen St $69,900 $70,000 Condo 995 208
48 Eagle Crest Dr 4E $208,000 $125,000 Condo 1489 723
19211 Marlin Ct $258,500 $258,500 Detached 2091 9
18 Summit Ridge Ct $299,000 $260,000 Attached 1548 321
14418 Orchard Springs $358,900 $345,000 Detached 1710 13
29 Walking Woods Dr $410,000 $404,000 Detached 2311 8
2705 Orchard Hill Ln $499,350 $405,000 Detached 2841 408
13991 Chelsea Dr $544,500 $529,999 Detached 3354 294
553 2nd St #208 $774,960 $620,000 Condo 1816 786
4700 SW Dogwood Dr $1,499,900 $1,225,000 Detached 5401 322

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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings

Posted on

Open Houses for April 10, 2011

There are 29 scheduled open houses for Lake Oswego tomorrow. Enjoy!

Address Type Price BR Baths Open
6927 Montauk Circle Attached $129,000 2 1 1 to 3
4316 Botticelli Attached $209,000 2 2.5 2 to 4
17401 Hill Way Detached $249,900 3 2 11:30 to 1:30
8 Condolea Dr Attached $259,900 2 2 1 to 3
19420 Marlin Ave Detached $264,795 3 1 1 to 3
3305 Upper Dr Detached $324,900 3 2 11 to 1
1766 Fern Pl Detached $365,000 3 2 1 to 3
1830 Cloverleaf Rd Detached $367,000 5 2 12:30 to 2
1820 Kilkenny Dr Detached $379,000 4 3 12 to 4
1416 Cherry Crest Dr Detached $419,900 4 3 1 to 3
2360 Greentree Rd Detached $429,000 3 2.5 2 to 5
19443 Kokanee Ct Detached $474,700 4 2.5 12 to 4
12 Scarborough Dr Detached $479,900 4 2.5 1:30 to 4
7 Del Prado St Detached $479,900 4 3 10 to 4
1119 Oak St Detached $499,500 4 2.5 2 to 4
19319 SW Dogwood Ct Detached $499,900 4 2.5 10 to 5
19200 Megly Ct Detached $569,900 6 3 10 to 5
9 Abelard St Detached $599,000 5 3.5 1 to 3
1217 Tyndall Ct Detached $599,000 4 4 2 to 4
173 Furnace St Attached $619,900 2 2.5 1 to 3
17896 Kelok Rd Detached $668,000 5 5.5 2 to 4
17884 Kelok Rd Detached $668,000 5 3.5 2 to 4
5533 Fieldstone Ct Detached $668,950 4 2.5 1:30 to 4
5321 Amberwood Ct Detached $669,900 4 3 1 to 3
5320 Southwood Dr Detached $695,000 4 3 1 to 3
15622 Fieldstone Dr Detached $698,950 3 2.5 1:30 to 4
5115 Denton Dr Detached $719,000 3 2.5 12 to 3
18222 Siena Dr Detached $1,189,000 4 3.5 1 to 3
2572 Glen Eagles Pl Detached $1,895,000 5 4.5+.5 1 to 3
Posted on

Price Per Square Foot

Price per square foot is a handy tool when trying to calculate value for a house. It is commonly used by Realtors, home buyers and sellers, and Appraisers. It can also be a bit misleading. So I thought it was time to take a good hard look at it.

Two weeks ago I got an e-mail from a reader wanting to know if Lake Oswego had an average price per square foot that houses were selling for. Trying to be helpful, I went back into the previous week’s sold properties (3/7-3/13) and found that they had sold for an average of $133 per square foot. However, this lumped all of the solds together (condos and detached houses), and was only a 1 week snap shot. Wanting to delve deeper, I re-did this exercise and broke it up into condos, detached houses, and waterfront. Again, these are averages.

This snap shot reflects sales in the last 30 days:
Condos
18 condos have sold in the last 30 days. The least expensive per square foot was $68. The most expensive was $389. The average sold price per square foot was $158.

Single Family Homes
33 single family homes have sold in the last 30 days. The least expensive per square foot was $92. The most expensive was $279. The average was $174 per square foot.

The average/average (in other words both condos and detached houses) was $167 per square foot.

Now, some clarification. These are some widely swinging values. What separates the low values from the high values are variables such as age, condition, and location. A house that is brand new is generally worth more than a house that is 50 years old. A house in a high-demand location like First Addition is going to be worth more than a house on a busy street in Lake Grove. These averages do not take into consideration these variables.

When you value a house using price per square foot, you really need to be comparing that property to others that are as similar to it as possible. But averages are interesting. It kind of creates a lens through which to look. If the average for houses in LO is $174 per square foot, and you are looking at a house that is priced either greater or less, why is there the difference? Is it worth more because it’s a fantastic house? Are you getting a chance to get a screaming great deal?

Waterfront
I purposely left out waterfront properties from these averages because I think that they have their own unique valuation. We happen to have both a lake and a river in Lake Oswego, so waterfront is an important part of our market. To look at waterfront averages, I went back 6 months in order to have enough properties in the study to make it useful. I found a low per square foot of $73 (OK, that is just amazing!) and a high of $571. The average sold price per square foot was $287.

Then there is the issue of measuring
With all of this emphasis on value per square foot, one of the realities is that measuring a house is not an exact science. Two highly qualified professionals can measure the same house and arrive at different numbers. Do you count a staircase twice? After all it exists on more than one level. Yet, it really is only floor space that is used as a single level. Then there are tricky floorplans with cut outs and overhangs that can not be measured from the ground. To measure, you end up doing estimates based upon other measurements of either the interior or surrounding walls that can be measured. I am currently involved in a sale that is new construction. The builder, based upon architectural plans, has a measurement of 3650 square feet. The appraiser who was at the house last week found a measurement of 3823 square feet. Just using the average in LO as I calculated above, that’s an additional value of $30,000.

Ultimately my perspective is that looking at price per square foot can be helpful, but it needs to be taken with some understanding that it is not an exact science. As a buyer or a seller, you also need to factor in the obvious things like age, condition, and location, but also how much do you love the house. Is it worth to you what is being offered? Because ultimately a house is worth what a seller is willing to sell it for and what a buyer is willing to pay for it. These are human decisions and not scientific ones.

Thanks for reading. Send us your questions and allow Linda and I to address them here. We would so much rather be writing about things that are of interest to you. Again, thanks for reading.
Dianne

Posted on

Market Activity Report: 3/21-3/27

New listings were way down last week with just 12: probably due to Spring Break. Pending sales were strong at 16, and closed sales were also solid at 14. It’s nice to see more pendings and solds than new listings. Must be the sweet smell of spring.

See below for further details according to RMLS:

NEWLY LISTED (Mar 21-27, 2011)

Address Type Price Sq FT BR Baths
45 Eagle Crest Dr #520 Condo $135,000 768 1 1
5322 Charleton Ct Detached $274,900 1633 3 2.5
7 Britten Ct Attached $280,000 2046 4 2
5978 Fernbrook Circle Detached $309,000 1612 3 2.5
1820 Kilkenny Dr Detached $379,000 3040 4 3
2360 Greentree Rd Detached $429,000 2207 3 2.5
17360 Hunter Ct Detached $478,500 3322 4 2.5
1454 Glenmorrie Dr Detached $505,000 3372 3 2.5
557 2nd St Condo $625,000 1833 2 2.5
1700 Village Park Ln Detached $769,900 4945 4 4
12439 SW 22nd Ave Detached $849,900 4118 4 3.5
340 Ridgeway Rd Detached $1,495,000 3796 4 3

PENDING SALES (Mar 21-27, 2011)

Address Type Price Sq Ft BR Baths CDOM
79 Galen St Condo $69,900 995 2 2 208
668 McVey Ave #82 Condo $109,250 992 2 1.5 46
54 Galen St Condo $119,485 995 2 2 346
5064 Foothills Dr H Condo $209,900 1252 3 2 14
10 Polonius St Detached $264,900 2028 4 3 3
1571 Woodland Terr. Detached $299,900 2400 3 2 106
44 Da Vinci St Detached $339,900 2005 4 2 14
151 Del Prado St Detached $399,000 2447 4 2.5 191
18929 Indian Springs Rd Detached $410,000 3380 4 3 51
6 Churchill Downs Detached $439,950 2922 5 3.5 320
920 Evergreen Rd Detached $475,000 1622 2 2 413
17645 Oak Meadow Ln Detached $510,000 3510 4 2.5 392
5 Cellini Ct Detached $649,900 4895 5 3.5 300
691 Carrera Ln Detached $699,000 3704 5 3.5 255
17833 Marylcreek Dr Detached $749,000 5495 5 4.5 45
18260 River Edge Ct Detached $789,000 4711 4 3.5 160

SOLD (Mar 21-27, 2011)

Address Orig. Price Sold Price Type Sq Ft CDOM
4631 Lakeview Blvd $93,000 $51,000 Condo 753 177
49 Oswego Summit $75,000 $67,500 Condo 720 127
18021 Tualata Ave Auction $176,400 Detached 1410 338
575 Hemlock St $289,000 $285,000 Detached 1175 289
5204 Rosewood St $344,900 $337,000 Detached 1683 11
30 Wilbur St $412,900 $355,000 Detached 2664 79
326 Lake Bay Ct $439,500 $390,000 Detached 1400 159
13595 Knaus Rd $489,000 $469,000 Detached 3339 226
547 2nd St #202 $559,000 $535,000 Condo 1529 388
2607 Palisades Crest Dr $760,000 $750,000 Detached 5650 244
1309 Horseshoe Curve $849,000 $800,000 Detached 3087 58
585 2nd St #404 $999,000 $835,000 Detached 2147 396
744 9th St $1,075,000 $950,000 Detached 4255 465
13795 Cameo Ct $1,400,000 $1,100,000 Detached 7190 706

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, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings