Lake Oswego Real Estate Blog
Yes, it does say open house and not open houses. It must be Easter Sunday because there is only one house being promoted for an open house this Sunday, in Lake Oswego, by the RMLS. I hope everyone will go by and tell this Realtor that they are giving it a great effort by being there on Easter. The property is at:
26 Westridge, $569,000, 2862 square feet, 4 BR, 3 BTHS, open noon-2:00
Happy Easter
Two weeks ago I posted information about Tryon Creek State Park and mentioned that there are two neighborhoods in Lake Oswego with trail access into the Park. One is First Addition and the other is Forest Highlands. In our archives you’ll find a neighborhood profile for First Addition, and now you will also find this one for Forest Highlands.
Forest Highlands is located on the North side of Lake Oswego. It’s Southern boundary is Country Club Rd. It’s Western boundary is Boones Ferry Rd. It’s Northern boundary is the city limits, and it’s Eastern boundary is First Addition. It is 1.198 square miles in size.
The most striking characteristic of the neighborhood is that the houses are mostly situated on large lots. To put this into perspective, the average density of the population of Lake Oswego is 3410 people per square mile. In Forest Highlands it is 1353 people per square mile. Fewer people and fewer homes means that the area feels spacious: not at all like a subdivision. It feels like an area of fine estates. That is not to say that all of the houses are mansions.
There is, in fact, a beautiful condominium development in Forest Highlands, Red Fox Hills. The condominiums are all townhouse style: they are attached on the sides but do not have neighbors above or below. Amenities include expansive lawns and gardens as well as a pool and a recreation facility. Current pricing ranges from $226,000 for a 2 bedroom, bath and a half unit, to $399,000 for a 3 bedroom, 2 full bath unit. All units have garages.
For detached homes the range is much more broad. The least expensive house currently listed is $439,800. Built in 1973, it has 1812 square feet with 3 bedrooms and 2 baths. It’s on a cul-de-sac and the lot is .28 of an acre. The most expensive currently listed is $2,995,000. It was built in 2006 with 7582 square feet, 6 bedrooms and 5 and a half baths. It’s on 1.89 acres.
Besides large lots, another characteristic of the area is that many homes have Mt. Hood views. The entire neighborhood is located on a gentle slope that faces East. Not all houses have views, but a surprising number of them do.
Then I like the street names: Hideaway Ct, Tippecanoe Ct, Dapple Grey Ln, Pebble Beach Ct, Rockinghorse Ln. Who wouldn’t want to live on Hideaway Ct? Except for Livingood Lane over in the Palisades neighborhood, I think Tippecanoe Ct is my favorite street name in Lake Oswego.
And then there is that wonderful proximity to Tryon Creek Park. The entrance from Forest Highlands is at the turn about at the end of Boca Ratan Dr (right behind Red Fox Hills).
It’s just a very pretty area. As you know if you have been looking at real estate in Oregon, or if you live in Oregon, our land use laws have created fairly high-density housing in order to preserve more of our farms and forests. So when a client asks me to recommend homes with larger lots, lots as big as an acre, the first neighborhood that comes to my mind in Lake Oswego is Forest Highlands.
Last week was spring break for the Lake Oswego School District and it kept the market a bit quiet. 15 new listings, 6 pending sales, and 2 closed listings made for a rather slow week. That being said, once spring break is over, it is traditionally the time of year when the market picks up steam. The daffodils are in full bloom with tulips and rhododendrons soon to follow. Houses really look good in the spring and many home owners time selling their homes around the season when their yards show their home at its best. Both new listings and pending sales should pick up as the weather improves.
Here is your summary of last weeks activity:
NEWLY LISTED (March 23—March 29, 2009)
| Address | List Price | # Beds | # Baths | Tot. SF | Prop Type | List Date | ||
| 7 CRESTFIELD CT | $115,000 | 1 | 1 | 689 | CONDO | 3/28/2009 | ||
| 1033 YATES ST | $199,900 | 4 | 3.1 | 2,500 | DETACHD | 3/26/2009 | ||
| 3433 MCNARY PKWY | $199,950 | 2 | 2.1 | 1,208 | CONDO | 3/27/2009 | ||
| 4041 JEFFERSON PKWY | $229,000 | 1 | 1.1 | 1,041 | ATTACHD | 3/26/2009 | ||
| 4316 BOTTICELLI ST | $274,900 | 3 | 2.1 | 2,098 | CONDO | 3/23/2009 | ||
| 103 KINGSGATE RD | $319,000 | 3 | 2.1 | 1,352 | DETACHD | 3/27/2009 | ||
| 5 PEACOCK PL | $330,000 | 4 | 2.1 | 1,760 | DETACHD | 3/29/2009 | ||
| 3290 WEMBLEY PARK RD | $379,000 | 5 | 3 | 2,614 | DETACHD | 3/23/2009 | ||
| 17311 ASHLEY CT | $385,000 | 4 | 2.1 | 2,160 | ATTACHD | 3/27/2009 | ||
| 18601 WAXWING ST | $447,000 | 4 | 2 | 1,908 | DETACHD | 3/27/2009 | ||
| 1250 PINE ST | $499,000 | 4 | 3 | 2,856 | DETACHD | 3/26/2009 | ||
| 17859 HILLSIDE WAY | $539,000 | 5 | 3 | 3,418 | DETACHD | 3/23/2009 | ||
| 12647 SW 21ST CT | $649,900 | 5 | 2.1 | 3,212 | DETACHD | 3/23/2009 | ||
| 1918 INDIAN TRAIL | $1,095,000 | 3 | 3 | 3,094 | DETACHD | 3/25/2009 | ||
| 3545 RED CEDAR WAY | $1,350,000 | 5 | 4.5 | 4,625 | DETACHD | 3/24/2009 |
PENDING SALES (March 23—March 29, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQFT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 47 EAGLE CREST DR | $137,900 | 2 | 1 | 947 | CONDO | 56 | |||
| 5831 SEVILLE AVE | $199,900 | 4 | 1 | 1,320 | DETACHD | 211 | |||
| 6317 CARMAN DR | $219,900 | 3 | 1.1 | 1,344 | DETACHD | 168 | |||
| 5235 OAKRIDGE RD | $304,900 | 3 | 2.1 | 1,576 | DETACHD | 129 | |||
| 13805 REGENCY CT | $399,000 | 4 | 2.1 | 2,045 | DETACHD | 29 | |||
| 17960 RIDGE LAKE DR | $634,900 | 4 | 2.1 | 3,124 | DETACHD | 271 | |||
SOLD (March 23—March 29, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 4 TOUCHSTONE DR | $194,900 | $153,000 | 3 | 2.1 | 1,351 | CONDO | 45 | ||
| 16840 ALDER CIR | $1,749,000 | $1,555,000 | 4 | 2.1 | 3,563 | DETACHD | 249 |
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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.
According to the RMLS, there will be 13 homes being held open in Lake Oswego this Sunday:
4316 Botticelli St, $274,900, 2098 sq. ft., 3 BR, 2.5 BTHS, open 1-3
56 Greenridge Ct, $315,000, 1996 sq. ft., 3 BR, 2.5 BTHS, open 12:30-3:30
4458 Thunder Vista Ln, $319,000, 2200 sq. ft., 3 BR, 2.5 BTHS, open 12-3
41 Hillshire Dr, $499,000, 2670 sq. ft., 4 BR, 3 BTHS, open 1:30-3:30
3254 Duncan Dr, $575,000, 3997 sq. ft., 4 BR, 3.5 BTHS, open 2-4
340 8th ST, $575,000, 1992 sq. ft., 3 BR, 2 BTHS, open 1-3
5868 Suncreek Dr, $725,000, 3174 sq. ft., 4 BR, 2.5 BTHS, open 1-3
2688 Rivendell Rd, $835,000, 3720 sq. ft., 4 BR, 3 BTHS, open 1-3
2941 Westview Circle, $849,000, 3075 sq. ft., 4 BR, 2.5 BTHS, open 1-3
17878 Hillside Dr, $970,000, 3462 sq. ft., 5 BR, 3 BTHS, open 12-2
13237 Knaus Rd, $999,000, 4909 sq. ft., 3 BR, 3.5 BTHS, open 1-3
943 Atwater Rd, $999,599, 3874 sq. ft., 4 BR, 2.5 BTHS, open 1-3
2300 Childs Rd, $1,099,900, 3183 sq. ft., 4 BR, 2 BTHS, open 1-4
Enjoy the weekend.
Located along Lake Oswego’s Northern boundary is Tryon Creek State Park. It consists of over 600 acres of natural areas. There are trails for hiking, biking, horseback riding and a paved trail that is designed to be user friendly for people with disabilities. It is a gem in the metro area and it is at our back door.
I have been hiking in the park for years. The trails are varied enough that you can do a short excursion of under a mile or stretch it out to be several miles long. While hiking in the park last Sunday, I was impressed with the condition of the trails. Oregon lottery money has been infused into the maintenance of the park and is easily evident in the well maintained paths and bridges.
Bridges are necessary because the park is layed out around a canyon that contains a natural watershed. The creek at the bottom is one of the few remaining creeks in the area with an active run of steelhead trout.
The history of the park goes back to an early pioneer, Socrates Hotchkiss Tryon (gotta love that name!). He established the first land claim which was sold in the late 19th Century to the Oregon Iron company for $7000. The Oregon Iron Company logged the canyon to provide fuel for the iron foundry in Lake Oswego. Logging continued off and on until 1961.
People locally began to appreciate the value of the natural area and the Friends of Tryon Creek was formed in 1969 to work toward preserving the area in its natural state.
In 1970 a land developer obtained an option on the property to develop it into homesites. This set off a firestorm of volunteer support. In just 3 weeks time 325 volunteers raised $27,000 as the first step in saving the park. Efforts continued throughout the year and on October 26th of that same year, Governor Tom McCall announced the formation of Tryon Creek Park. The state then purchased 600+ acres for nearly $3,000,000. The park was dedicated in 1975.
Today visitors come to the park to enjoy the trails and the nature center. There are classes for children as well as for adults. There is an annual art display called Natural Cycles: Art in the Forest. And then there is the Trillium Festival.
A discussion about Tryon Creek State Park would not be complete without the subject of the native trillium. Trillium Ovatum are a wildflower that grow in the undisturbed shadows of the forest. They are a member of the lily family and bloom in March. They start out white and turn pink as they age. They are a very delicate plant. As a child I recall my grandmother telling me “don’t pick the trillium”. This is because if you pick a the flower, it takes the plant 7 years to recover and to bloom again.
The Trillium Festival is held annually when the forest is in full bloom. It includes a plant sale where you can purchase trillium to put into your own garden. This year’s festival is April 4-6.
Admission to the park is free.
This park is so close to Lake Oswego that it is easily enjoyed. There are trails directly into the park from both the First Addition and Forest Highlands neighborhoods.
Last week in Lake Oswego there were 16 new listings, 8 houses that went pending, and 2 closed sales. A trend I have been watching appears to be continuing. When I look at Days on the Market, it seems like houses are either selling very quickly or very slowly. 3 of the 7 pending sales went into escrow in a week or less of market time. 3 more sold within about 2 months. The last two had extended market time of 236 and 426 days. Of the closed sales, one sold in 4 days and one sold in 243 days. I think this is reflective of changing attitudes of sellers. People who listed their homes in late 2007 and early 2008 are being stubborn about accepting the decline in values that has occured and are either sitting on high prices or dropping prices in such away that they are behind the market trends. Whereas sellers listing today, who are listening to their Realtor and pricing their homes at values that will meet market conditions, are realizing quick sales at or near their asking prices. Buyers are smart. They are watching the market and recognizing value when they see it. Correct pricing is King.
NEWLY LISTED (March 9—March 15, 2009)
| 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 | ||
| 4 TOUCHSTONE | $159,900 | 3 | 2.1 | 1,350 | ATTACHD | 3/11/2009 | ||
| 4000 CARMAN DR | $184,500 | 2 | 2 | 1,100 | CONDO | 3/9/2009 | ||
| 166 OSWEGO SMT | $229,900 | 2 | 2 | 1,506 | CONDO | 3/13/2009 | ||
| 668 MCVEY AVE | $260,000 | 3 | 1.1 | 985 | CONDO | 3/12/2009 | ||
| 140 TOUCHSTONE CT | $339,900 | 3 | 2.1 | 1,964 | ATTACHD | 3/12/2009 | ||
| 4366 WOODSIDE CIR | $349,000 | 3 | 2 | 1,762 | ATTACHD | 3/12/2009 | ||
| 16890 CORTEZ CT | $349,000 | 4 | 3 | 2,016 | DETACHD | 3/13/2009 | ||
| 4420 GOLDEN LN | $349,000 | 3 | 3.1 | 2,165 | ATTACHD | 3/10/2009 | ||
| 5402 CARMAN DR | 369900 | 3 | 1 | 1,720 | DETACHD | 3/9/2009 | ||
| 45 TANGLEWOOD DR | 399999 | 5 | 3.1 | 3,166 | DETACHD | 3/12/2009 | ||
| 1462 Worthington ST | 424000 | 4 | 3 | 1,800 | DETACHD | 3/9/2009 | ||
| 2961 DELLWOOD DR | 525000 | 3 | 3 | 2,476 | DETACHD | 3/14/2009 | ||
| 2550 SOUTHSHORE BLVD | 550000 | 4 | 3.1 | 3,472 | DETACHD | 3/11/2009 | ||
| 1699 VILLAGE PARK LN | 675000 | 3 | 2.2 | 2,936 | DETACHD | 3/9/2009 | ||
| 115 BERWICK RD | 998000 | 4 | 3.1 | 4,000 | DETACHD | 3/13/2009 | ||
| 356 9TH ST | 1199000 | 3 | 3.1 | 3,647 | DETACHD | 3/10/2009 |
PENDING SALES (March 9—March 15, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQFT
|
PROP TYPE |
DOM
|
| Address | List Price | # BR | # BTHS | Total SF | Prop Type | CDOM | |||
| 4 TOUCHSTONE | $76,500 | 3 | 2.1 | 1,351 | CONDO | 7 | |||
| 127 OSWEGO SMT | $184,900 | 2 | 2 | 1,212 | CONDO | 0 | |||
| 5487 TUALATA CT | $259,000 | 3 | 2 | 1,200 | DETACHD | 236 | |||
| 790 BOCA RATAN DR | $259,900 | 3 | 2 | 2,112 | DETACHD | 35 | |||
| 1140 HALLINAN CT | $339,895 | 3 | 2 | 1,875 | DETACHD | 3 | |||
| 845 LAKE FOREST DR | $399,000 | 3 | 1.1 | 1,359 | DETACHD | 68 | |||
| 662 9 th ST | $975,000 | 5 | 3.1 | 4,108 | DETACHD | 63 | |||
| 14066 Goodall RD | $1,629,000 | 4 | 3.1 | 4,220 | DETACHD | 426 |
SOLD (March 9—March 15, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | # BR | # BTHS | Total SF | Prop Type | CDOM | ||
| 16978 CANAL CIR | $350,000 | $350,000 | 3 | 2 | 1,962 | DETACHD | 4 | ||
| 22 HOTSPUR ST | $799,000 | $627,325 | 6 | 3.1 | 4,259 | DETACHD | 243 |
Criteria: Statistics given above are obtained from the Realtor’s Multiple Listing Service by searching condos, attached homes, manufactured homes and detached homes in the 97034 and the 97035 zip codes. DOM means Days on the Market and CDOM means Cumulative Days on the Market.
According to the RMLS, there will be 21 houses held open in Lake Oswego this Sunday, including my listing at 4447 Golden Lane in Mt. Park. It’s a very nice1600 square foot townhouse with 2 bedrooms and 2.5 baths. I’ll be there from 2 to 5 pm. I’d love to have you come by.
44 Eagle Crest Dr, $129,900, 798 sq. ft., 1 BR, 1 BTH, open 1-3
4447 Golden Ln, $264,900, 1600 sq. ft., 2 BR, 2.5 BTHS, open 2-5
5054 Foothills Dr, $278,500, 1312 sq. ft., 2 BR, 2 BTHS, open 1-3
1685 Mapleleaf Rd, $365,000, 1433 sq. ft., 3 BR, 2 BTHS, open 1-4
15 Masaryk St., $375,000-$399,000, 3680 sq. ft., 4 BR, 3 BTHS, open noon-3
5675 Childs Rd, $419,000, 1644 sq. ft., 2 BR, 2.5 BTHS, open 1-4
2838 Greentree Rd, $429,950, 1781 sq. ft., 4 BR, 2.5 BTHS, open 1-3
14431 Orchard Springs Rd, $439,900, 1960 sq. ft., 4 BR, 2.5 BTHS, open 2-4
41 Hillshire Dr, $499,000, 2670 sq. ft., 4 BR, 3 BTHS, open 1:30-3:30
8 Walking Woods Dr, $499,900, 3402 sq. ft., 4 BR, 3 BTHS, open 1-4
5807 Ridgetop Ct, $519,900, 2660 sq. ft., 5 BR, 2.5 BTHS, open 1-4
624 Livingood Ln, $559,000, 2596 sq. ft., 4 BR, 3 BTHS, open 1-3
3254 Duncan Dr, $575,000, 3997 sq. ft., 4 BR, 3.5 BTHS, open 2-4
550 Middlecrest Rd, $749,900, 2240 sq. ft., 3 BR, 2.5 BTHS, open noon-2
15422 Boones Way, $879,000, 2586 sq. ft., 4 BR, 2.5 BTHS, open 1-5
18051 Kelok Rd, $899,000, 3670 sq. ft., 5 BR, 3.5 BTHS, open 11-1
3030 Westview Ct, $948,000, 3415 sq. ft., 4 BR, 2.5 BTHS, open 2:30-4
18106 Pilkington Rd, $1,095,000, 3575 sq. ft., 4 BR, 4.5 BTHS, open 11-1
17600 Upper Cherry Ln, $1,163,000, 3867 sq. ft., 4 BR, 3.5 BTHS, open 2-4
100 Girabaldi St, $1,199,000, 4669 sq. ft., 5 BR, 3 full + 2 half BTHS, open 1-4
785 7th St, $1, 290,000, 4043 sq. ft., 4 BR, 3.5 BTHS, open 1-4
Have a great weekend!
There is currently in Lake Oswego a very large volume of new construction, “spec” homes that are for sale. A spec house is a house built by a builder who does not yet have a buyer at the time it is built. The idea is that they will be able to sell the house while it is being built or as soon after it is constructed as possible. In a good real estate market it is pretty low risk and allows builders to make a good living. But when the market is slow, like it is right now, it is extremely high risk and forces builders into bankruptcy and the unsold homes into foreclosure. There is a local lender, Banner Bank, that is trying to do something about this problem.
What they are doing is offering 30-year, fixed-rate mortgages, at 3.875% (APR is 3.973%) to buyers who purchase one of the spec houses on which they are holding the construction loan. They have over 250 houses that this applies to in Oregon and Southwest Washington, 46 of which are here in Lake Oswego.
These loans are made possible because Banner Bank has borrowed money from the US Government that is available as a result of the TARP (Troubled Asset Relief Program) money. While I hate the fact that our country is in the mess that it is currently in, I am pleased to see that the government stimulus is finally trickling down to a tangible level.
The properties upon which these loans can be made here in Lake Oswego inlcude some very nice condominiums in First Addition, a great new neighborhood in Palisades, and quite a few luxury homes. It really is an opportunity that will benefit people who are ready and able to buy right now. While standard interest rates are currently hovering at right around 5%, getting an interest rate at 3.875% would have a direct impact on how much house you can afford to buy. Here’s an example: buying a $600,000 house, putting 20% down, and getting a standard loan at 5%, would give you a house payment of $2576 (principle and interest). Using the same scenario, but using the 3.875% interest rate, that same home would now have a payment of $2,257. The savings in over $300 per month.
This program is available in amounts up to $1,000,000 with no increase in rate for a jumbo mortgage. A jumbo mortgage in standard lending is a loan amount that is greater than $417,000 and can have interest rates that are substantially higher than rates for homes that are under $417,000. So the savings becomes even greater if the loan is in the jumbo category.
Buyers do need to qualify for these mortgages with verifiable income and sound credit. If a buyer has less than 20% to put down, there are additional options for them that involve a slightly higher interest rate of 4.875%.
It is also important to know that this program is currently being offered with a deadline of March 22nd. The program exists because Banner Bank wants to get these houses sold and they want them sold now.
If you would like additional information about this program, please visit the Banner Bank website by clicking here. If you would like addtional information about the homes that are for sale and that are offering this financing, please contact either Linda or myself, and we would be happy to send you a list of properties.
Linda and I work very hard to have our weekly market activity reports posted on Mondays. Yesterday was full of computer challenges and created a delay. So you are getting the report on Tuesday. Thanks for your patience.
Lake Oswego had 16 New Listings, 9 Pending Sales, and 9 Closed Sales:
NEWLY LISTED (February 23—March 1, 2009)
| 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 | ||
| 5063 FOOTHILLS DR | $230,000 | 2 | 2 | 991 | CONDO | 2/23/2009 | ||
| 15010 TWIN FIR RD | $294,900 | 8 | 4 | 3,526 | DETACHD | 2/25/2009 | ||
| 13805 REGENCY CT | $419,000 | 4 | 2.1 | 2,045 | DETACHD | 2/27/2009 | ||
| 16026 PARKER RD | $425,000 | 3 | 1 | 1,670 | DETACHD | 3/1/2009 | ||
| 3311 FIR RIDGE RD | $459,000 | 3 | 2.1 | 2,112 | DETACHD | 2/25/2009 | ||
| 20 NORTHVIEW CT | $499,999 | 3 | 3.1 | 2,827 | ATTACHD | 2/26/2009 | ||
| 2084 RIDGEWOOD RD | $519,900 | 3 | 2.1 | 2,117 | DETACHD | 2/28/2009 | ||
| 12836 SIERRA VISTA DR | $529,000 | 3 | 2.1 | 2,166 | DETACHD | 2/26/2009 | ||
| 3140 ROSEMARY LN | 619000 | 4 | 2.1 | 3,000 | DETACHD | 2/27/2009 | ||
| 17675 CARDINAL DR | 699000 | 3 | 3 | 3,458 | DETACHD | 2/23/2009 | ||
| 17751 MARYLCREEK DR | 719000 | 4 | 3 | 3,505 | DETACHD | 2/23/2009 | ||
| 5868 SUNCREEK DR | 749900 | 4 | 2.1 | 3,174 | DETACHD | 2/23/2009 | ||
| 4114 CASEY CT | 949000 | 4 | 2.1 | 3,405 | DETACHD | 2/27/2009 | ||
| 1176 TROON RD | 985000 | 3 | 2 | 3,022 | DETACHD | 2/23/2009 | ||
| 3203 Southshore BLVD | 1299900 | 4 | 3.1 | 3,773 | DETACHD | 2/23/2009 | ||
| 17147 OLD RIVER DR | 2795000 | 5 | 4.2 | 5,961 | DETACHD | 2/25/2009 |
PENDING SALES (February 23—March 1, 2009)
| ADDRESS |
LIST PRICE
|
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | List Price | #BR | #BTHS | Total SF | Prop Type | CDOM | |||
| 4640 LOWER DR | $115,000 | 2 | 1.1 | 1,170 | CONDO | 572 | |||
| 4 TOUCHSTONE DR | $159,500 | 3 | 2.1 | 1,351 | CONDO | 45 | |||
| 2800 WEMBLEY PARK RD | $374,500 | 3 | 2 | 1,575 | DETACHD | 10 | |||
| 1228 HALLINAN CIR | $389,000 | 4 | 2 | 1,932 | DETACHD | 7 | |||
| 4 OTHELLO ST | $399,900 | 4 | 3 | 2,184 | DETACHD | 111 | |||
| 221 HIDALGO ST | $419,500 | 3 | 2.1 | 2,628 | DETACHD | 54 | |||
| 16919 LAKERIDGE DR | $449,900 | 5 | 3 | 2,710 | DETACHD | 189 | |||
| 762 3RD ST | $650,000 | 3 | 2.1 | 2,710 | DETACHD | 198 | |||
| 1670 PINE ST | 679987 | 4 | 3.1 | 3,286 | DETACHD | 565 |
SOLD (February 23—March 1, 2009)
| ADDRESS | ORIG. PRICE | SALE PRICE |
TOT. BEDS
|
TOT. BATHS
|
TOT. SQ FT
|
PROP TYPE |
DOM
|
| Address | O/Price | Close Price | #BR | #BTHS | Total SF | Prop Type | CDOM | ||
| 44 EAGLE CREST DR | $114,950 | $114,950 | 1 | 1 | 798 | CONDO | 7 | ||
| 86 KINGSGATE RD | $145,000 | $145,000 | 2 | 2 | 938 | CONDO | 31 | ||
| 15848 PARKER RD | $187,500 | $177,000 | 3 | 2 | 1,318 | DETACHD | 17 | ||
| 1400 PARRISH ST | $299,999 | $290,000 | 3 | 2.1 | 1,880 | CONDO | 143 | ||
| 6067 CLAIRMONT CT | $529,000 | $510,000 | 4 | 2.1 | 2,344 | DETACHD | 11 | ||
| 5624 SOUTHWOOD DR | $740,000 | $525,000 | 4 | 3 | 3,120 | DETACHD | 514 | ||
| 5299 WESTFIELD CT | $799,900 | $555,000 | 3 | 2.1 | 2,865 | DETACHD | 156 | ||
| 17561 SHEPHERDS CT | $765,900 | $589,000 | 4 | 2.1 | 3,011 | DETACHD | 347 | ||
| 5406 LANGFORD LN | 795000 | 795000 | 3 | 2.1 | 3,341 | DETACHD | 0 |
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.
There are 15 houses being promoted on the RMLS as open houses for this Sunday:
5487 Tualata Ct., $264,900-$279,876, 1200 SF, 3 BR, 2 BTHS, open 1-4
4458 Thunder Vista Ln., $319,000, 2200 SF, 3 BR, 2 1/2 BTHS, open 1-4
16 Partridge Ln., $418,900, 2304 SF, 3 BR, 2 1/2 BTHS, open 1-3
14431 Orchard Springs Rd., $439,900, 1960 SF, 4 BR, 2 1/2 BTHS, open 1-4
624 Livingood Ln., $559,000, 2596, 4 BR, 3 BTHS, open 1:30-3:30
3254 Duncan Dr., $575,000, 3997 SF, 4 BR, 3 1/2 BTHS, open 2-4
340 8th St., $575,000, 1992 SF, 3 BR, 2 BTHS, open 1-3
13222 Deerfield Ct., $649,000, 3022 SF, 4 BR, 2 1/2 BTHS, open 1-3
17751 Marylcreek Dr., $719,000, 3505 SF, 4 BR, 3 BTHS, open 2-4
2688 Rivendell Rd., $835,000, 3720 SF, 4 BR, 3 BTHS, open 1-4
15422 Boones Way, $879,000, 2586 SF, 4 BR, 2 1/2 BTHS, open 1-4
2400 Dellwood Dr., $899,000, 3180 SF, 4 BR, 3 BTHS, open 1-3
3030 Westview Ct., $948,000, 3415 SF, 4 BR, 2 1/2 BTHS, open 2:20-4
5677 Bonita Rd., $968,400, 3603 SF, 4 BR, 3 1/2 BTHS, open 2-4
943 Atwater Rd., $1,150,000, 3874 SF, 4 BR, 2 1/2 BTHS, open 1-4
I am going to mention the property at the top of the list, on Tualata Ct. You’ll notice that the pricing is $264,900-$279,876. This is what is called “value-range pricing”. The representation is that the sellers will consider offers within that range. This is a method of marketing that is occassionally used. I believe it is based upon the theory that the range of pricing will bring in more offers and more quickly. I don’t know that I buy into that school of thought, but it is why it is done.