- A comparison of Sept ’10 and the previous month in Portland Metro shows an increase in Closed Sales of 1.3%
- Average sales price in Portland Metro fell by 3.5% comparing Sept. 2009 with Sept 2010.
- Comparing the 3rd quarter of 2009 with 3rd quarter 2010, Closed Sales in Portland Metro dropped 24.7%
- Comparing the 3rd quarter of 2009 with 3rd quarter 2010, Metro Listings increased by 1.2%
- Average Metro Closed Price in Sept 2010 was $279,900
- Average Lake Oswego/West Linn Closed Price in Sept 2010 was $432,200
- Metro “Time on Market” for Sept 2010 was 131 days
- Lake Oswego/West Linn “Time on Market” for Sept 2010 was 186 days
- Metro Active Listings as of Sept 2010 was 14, 714
- Lake Oswego/West Linn Active Listings as of Sept 2010 were 1,025
- From Oct 1, ’09 to Sept 30 ’10, Lake Oswego/West Linn Average Sale Prices declined by 9.3%
- Portland Metro saw 1,399 Closed Sales in Sept. 2010
- Lake Oswego and West Linn saw 71 Closed Sales in Sept 2010
- All data derived from RMLS Market Action Report
Market Activity for October 18-24, 2010
I can really feel the change of seasons. With that it always seems like the market starts to slow. I am seeing a slow down of new listings with just 14, but 14 pending sales and 8 closed sales is on pace with what we have been seeing since the end of summer.
See below for further details:
NEWLY LISTED (Oct 18-24, 2010)
| Address | List Price | Bedrooms | Baths | Sq feet | Prop Type | ||
| 20 CERVANTES CIR | $79,900 | 2 | 1.5 | 912 | CONDO | ||
| 5061 FOOTHILLS DR | $199,000 | 2 | 2 | 991 | CONDO | ||
| 18244 PILKINGTON RD | $254,900 | 3 | 1.5 | 1,200 | DETACHD | ||
| 5852 LAKEVIEW CT | $259,000 | 3 | 1 | 1,032 | DETACHD | ||
| 1 EAGLE CREST DR | $259,900 | 3 | 2 | 1,265 | DETACHD | ||
| 4141 COBB WAY | $279,900 | 3 | 2 | 1,236 | DETACHD | ||
| 3684 RED CEDAR WAY | $289,900 | 3 | 2.5 | 1,830 | DETACHD | ||
| 4281 CHAPMAN WAY | $301,907 | 3 | 2.5 | 2,010 | DETACHD | ||
| 4500 GALEWOOD ST | 420000 | 3 | 3 | 2,408 | DETACHD | ||
| 13819 PROVINCIAL HILL DR | 449000 | 4 | 2.5 | 2,096 | DETACHD | ||
| 875 PALISADES TERRACE DR | 499000 | 4 | 3 | 2,165 | DETACHD | ||
| 19019 BRYANT RD | 739900 | 4 | 3.5 | 3,326 | DETACHD | ||
| 16847 GREENBRIER RD | 1595000 | 3 | 2.5+.5 | 2,315 | DETACHD | ||
| 939 TERRACE DR | 1850000 | 4 | 3.5 | 4,780 | DETACHD |
PENDING SALES (Oct 18-24, 2010)
| Address | List Price | Bedrooms | Baths | Sq feet | Prop Type | ||
| 16 MOUNTAIN CIR | $129,900 | 2 | 2 | 1,065 | ATTACHD | ||
| 200 BURNHAM RD | $139,000 | 2 | 2 | 1,325 | CONDO | ||
| 221 CERVANTES | $144,000 | 2 | 1.5 | 1,180 | CONDO | ||
| 1416 CHERRY CREST DR | $259,000 | 5 | 3 | 2,559 | DETACHD | ||
| 37 BLOCH TER | $300,000 | 3 | 2.5 | 1,972 | ATTACHD | ||
| 743 10th ST | $325,000 | 2 | 1 | 1,019 | DETACHD | ||
| 1899 WOODLAND TER | $369,000 | 5 | 3.5 | 3,031 | DETACHD | ||
| 72 CONDOLEA WAY | $375,000 | 2 | 2.5 | 2,958 | CONDO | ||
| 3885 UPPER DR | 469000 | 4 | 2.5 | 3,122 | DETACHD | ||
| 5758 CHARLES CIR | 479900 | 3 | 2 | 2,371 | DETACHD | ||
| 4709 Lakeview BLVD | 549900 | 4 | 2.5 | 2,725 | DETACHD | ||
| 4685 UPPER DR | 550000 | 3 | 2 | 3,341 | DETACHD | ||
| 563 2ND ST | 635000 | 2 | 2.5 | 1,748 | CONDO | ||
| 16990 ALDER CIR | 640000 | 3 | 2.5 | 1,926 | DETACHD |
SOLD (Oct 18-24, 2010)
| Address | Original Price | Close Price | CDOM | Sq Feet | Prop Type | BR | BTHS | ||
| 200 BURNHAM RD | $264,000 | $137,500 | 866 | 1,335 | CONDO | 2 | 2 | ||
| 1496 BOCA RATAN DR | $249,000 | $249,000 | 3 | 1,403 | ATTACHD | 3 | 1.5 | ||
| 2634 ORCHARD HILL PL | $449,500 | $423,500 | 13 | 2,573 | DETACHD | 3 | 2.5 | ||
| 5553 KILCHURN AVE | $679,900 | $640,000 | 25 | 3,274 | DETACHD | 4 | 2.5 | ||
| 5657 VICTORIA CT | $689,900 | $645,000 | 45 | 3,421 | DETACHD | 4 | 3 | ||
| 490 COUNTRY CLUB RD | $999,999 | $750,000 | 115 | 3,052 | DETACHD | 5 | 4 | ||
| 17537 CARDINAL DR | $895,000 | $800,000 | 407 | 5,282 | DETACHD | 5 | 4 | ||
| 2569 GLEN EAGLES PL | $1,349,000 | $1,115,000 | 114 | 4,591 | DETACHD | 5 | 4.5+.5 |
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
Foreclosure Freeze/Shortsales/Market Conditions
The news has been full of headlines about the new crisis in the mortgage industry, this time affecting foreclosures. So it seems like an opportune time to look at not only foreclosures, but also shortsales and the latest market update from RMLS.
The Foreclosure Freeze
There is now discussion that the foreclosure process, which has pretty much swamped the big lenders like Bank of America and Wells Fargo, has been mishandled. The accusation is that the paperwork involved in the foreclosures was often reviewed and processed by unqualified people and by people who did not read what they were signing. I do not know if this is true or not, but I do know that I have counseled people who are in foreclosure who have not only felt powerless, but have felt that the bank was not answering their letters, returning their phone calls, or being responsive. Obviously there is going to be anger for a person in this position. That combined with the current media coverage does make me feel that we will see litigation.
Gregor Watson, a principal with McKinley Partners, recently gave a best to worst case assessment of what this means:
Best case: this is only a technical glitch. It will require some re-tooling of the process, but the process will get back on track and foreclosures will resume. This is needed to allow the glut of foreclosures to work their way through the market and then be out of the inventory.
Medium case: people will enter into significant litigation that could take years to sort out. This could slow and extend the downturn of the housing market.
Worst case: the housing market is brought to a halt because Title Companies refuse to insure mortgages involving foreclosed homes. (This would not bring the entire market to a halt: simply the foreclosures. Still, a big problem)
On the positive side the Philidelphia Inquirer reported yesterday that Bank of America intends to begin resuming foreclosure proceedings stating that they have a legal right to do so despite accusations that documents used in the process are flawed. This bodes well for the possibility that the better scenario may result. We shall see….
Shortsales
When the whole shortsale phenomenon began a few years ago I will admit that I was a skeptic. It reminded me of the buy-a-house-with-credit-cards schemes. Just too simple to be true. Really? You could just ask your bank to forgive part of your mortgage so that you could sell it for less? Really? As time has gone by I have come to see that not only are shortsales here to stay, they are a significant part of the market.
I think shortsales do present remarkable opportunity, as do foreclosures. It allows a house to be sold for market value and not have an asking price that is based upon a value/debt that is several years old. But shortsales are not for everyone. I want to make if very clear that if you are a homeowner considering a shortsale, you need professional and legal advice far beyond the scope of what I am discussing here. So I want to directly address buyers.
The buyer best suited to benefit from a shortsale is the investor. This is because the shortsale is so uncertain and the process takes months. A buyer who is shopping for a home may have the patience for this, but is usually not in a position to wait 3-5 months and then learn that they lost the house to another bid or that the shortsale was not approved. Whereas an investor is not waiting with a moving truck full of furniture. If it works, it works. If not, that’s OK too. For the investor able to be patient, it can present real opportunity. I have personally seen several homes here in Lake Oswego that sold for values that made my jaw drop in the shortsale scenario. Just know what you are getting into.
Keeping it Local
Here in Lake Oswego we currently have an active listing inventory of 626 listings (condos and houses). Of those 37 are Bank-owned Foreclosures and 70 are shortsales. And this means that about 82% of the market is neither a foreclosure nor a shortsale. It’s a home owned by someone who is not in it upside down and who has perhaps even taken loving care of it. So there is a house out there for you whether you are an investor, a home buyer looking for a personal residence, or even a home buyer looking for a personal residence with the patience of an investor.
Also keeping it local, the latest RMLS Market Action Report offers the following information about area 147, which is Lake Oswego and West Linn Combined
Total active listings = 1025
Total pending sales = 84, a decrease of 24.3% over the same time one year ago
Average sales price = $432,200
Average days on the market = 186
Change in values over the same time last year = -9.3%
Change is closed sales, year to date = -22.3%
I consider myself to be a very positive person. The thing to do in this economy is look for how it can work in your favor. That may mean waiting, but that may also mean pouncing on opportunity. The subject today is pretty complex. Please contact Linda or myself for more information, to ask questions, or to get property information. We are here to be of help.
Dianne
Lake Oswego Market Activity ~ Oct 11-17, 2010
Pretty robust activity last week. Lake Oswego saw 17 New listings, 19 Pending sales, and 8 Closed sales according to RMLS.
See below for further details:
NEWLY LISTED (Oct 11-17, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 3433 MCNARY PKWY #204 | $107,500 | 2 | 2 | 1008 | CONDO |
| 73 GALEN ST #73 | $115,950 | 2 | 2 | 995 | CONDO |
| 4000 CARMAN DR #3 | $119,900 | 1 | 1 | 836 | CONDO |
| 221 CERVANTES | $144,000 | 2 | 1.1 | 1180 | CONDO |
| 6120 SHAKESPEARE ST | $185,000 | 3 | 1.1 | 999 | DETACHD |
| 12802 BOONES FERRY RD | $287,500 | 3 | 2.1 | 1548 | DETACHD |
| 7 BLOCH TER | $292,000 | 3 | 2.1 | 2062 | ATTACHD |
| 17350 KELOK RD | $379,000 | 3 | 1.2 | 1415 | DETACHD |
| 15824 BOONES WAY | $384,900 | 3 | 2 | 1895 | DETACHD |
| 5490 ROYAL OAKS DR | $425,000 | 3 | 2 | 1761 | DETACHD |
| 1094 ERICKSON ST | 424900 – 474876 | 4 | 3 | 2769 | DETACHD |
| 3210 FIR RIDGE RD | $499,000 | 4 | 3.2 | 2832 | DETACHD |
| 1132 TROON RD | $569,000 | 3 | 2.1 | 1585 | DETACHD |
| 13711 FIELDING RD | $719,000 | 3 | 4 | 4649 | DETACHD |
| 754 5TH ST | $775,000 | 3 | 2 | 2186 | DETACHD |
| 18260 RIVER EDGE CT | $835,000 | 3 | 3.1 | 4711 | DETACHD |
| 199 FURNACE ST (Upper) | $2,590,000 | 3 | 3.1 | 5772 | CONDO |
PENDING SALES (Oct 11-17, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 16250 PACIFIC HWY #77 | $139,000 | 2 | 2 | 1327 | CONDO | 1115 |
| 200 BURNHAM RD #204 | $149,000 | 2 | 2 | 1313 | CONDO | 890 |
| 85 OSWEGO SMT #85 | $159,000 | 2 | 2 | 1212 | CONDO | 290 |
| 212 RIDGEWAY RD | $169,900 | 1 | 1 | 778 | CONDO | 483 |
| 18462 DON LEE WAY | $179,900 | 4 | 2 | 1904 | DETACHD | 369 |
| 848 6th ST | $262,000 | 2 | 1 | 1648 | DETACHD | 413 |
| 5713 SW KENNY ST | $279,900 | 3 | 2 | 1384 | DETACHD | 42 |
| 427 9TH ST | $299,900 | 4 | 2 | 2130 | DETACHD | 30 |
| 1073 HALLINAN ST | $349,000 | 3 | 2.1 | 1828 | DETACHD | 124 |
| 2021 CEDAR CT | $350,000 | 4 | 3.1 | 4114 | DETACHD | 205 |
| 32 CHURCHILL DOWNS | $379,900 | 4 | 2.1 | 3016 | DETACHD | 247 |
| 3541 RED CEDAR WAY | $404,900 | 3 | 3 | 1963 | DETACHD | 14 |
| 5916 SUNBROOK DR | $459,900 | 3 | 2.1 | 2617 | DETACHD | 9 |
| 17930 MEADOWLARK LN | $539,900 | 4 | 4 | 3300 | DETACHD | 282 |
| 5188 MADRONA ST | $549,000 | 3 | 3 | 3183 | DETACHD | 36 |
| 17455 BLUE HERON RD | $575,000 | 3 | 2 | 2572 | DETACHD | 519 |
| 15915 WALUGA DR | $598,950 | 3 | 2.1 | 2939 | DETACHD | 261 |
| 444 6TH ST | $899,000 | 4 | 4.1 | 4541 | DETACHD | 314 |
| 15444 Boones WAY | $998,500 | 3 | 2.1 | 3364 | ATTACHD | 0 |
SOLD (Oct 11-17, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 47 EAGLE CREST DR #59 | $105,000 | $76,500 | 3 | 1 | 1024 | CONDO | 203 |
| 200 BURNHAM RD #200 | $229,000 | $90,000 | 1 | 1 | 897 | CONDO | 1362 |
| 4000 CARMAN DR #A5 | $117,500 | $102,000 | 2 | 2 | 973 | CONDO | 202 |
| 2245 GLEN HAVEN RD | $328,500 | $270,000 | 3 | 1.1 | 1276 | DETACHD | 346 |
| 16149 PEARCY ST | $329,000 | $305,000 | 3 | 2 | 1250 | DETACHD | 35 |
| 13045 PRINCETON CT | $429,000 | $417,000 | 3 | 2.1 | 2900 | DETACHD | 5 |
| 3188 S GLENMORRIE DR | $519,750 | $495,000 | 3 | 3 | 3066 | DETACHD | 133 |
| 3114 DOUGLAS CIR | $1,350,000 | $1,145,000 | 4 | 4 | 5542 | DETACHD | 700 |
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
Market Activity 10/4-10/10
Market activity in Lake Oswego last week brought us 19 new listings, 7 pending sales, and 6 closed sales.
See below for further details:
NEWLY LISTED (Oct 4-Oct 10, 2010)
| Address | List Price | Bedrooms | Baths | Sq feet | Prop Type | ||
| 668 MCVEY AVE | $129,900 | 2 | 1.5 | 992 | CONDO | ||
| 159 OSWEGO SMT | $175,000 | 2 | 2 | 1,506 | CONDO | ||
| 1416 CHERRY CREST DR | $259,000 | 5 | 3 | 2,559 | DETACHD | ||
| 14138 KNAUS RD | $296,573 | 4 | 2 | 2,001 | DETACHD | ||
| 53 ORIOLE LN | $304,900 | 3 | 2.5 | 2,072 | DETACHD | ||
| 17952 Cardinal DR | $309,900 | 3 | 2 | 1,702 | DETACHD | ||
| 743 10th ST | $325,000 | 2 | 1 | 1,019 | DETACHD | ||
| 5311 CHILDS RD | $349,000 | 4 | 2 | 1,764 | DETACHD | ||
| 28 PREAKNESS CT | 350000 | 5 | 4 | 2,871 | DETACHD | ||
| 72 CONDOLEA WAY | 375000 | 2 | 2.5 | 2,958 | CONDO | ||
| 880 BOCA RATAN DR | 399900 | 5 | 3 | 2,364 | DETACHD | ||
| 5916 SUNBROOK DR | 459900 | 3 | 2.5 | 2,617 | DETACHD | ||
| 1189 SUNNINGDALE CT | 484900 | 3 | 2.5 | 2,072 | DETACHD | ||
| 18064 JENIFERS WAY | 549950 | 3 | 2.5 | 2,639 | DETACHD | ||
| 22 SW DEL PRADO ST | 559900 | 5 | 3.5 | 4,056 | DETACHD | ||
| 5371 LANGFORD LN | 694950 | 4 | 2.5 | 2,950 | DETACHD | ||
| 18094 PILKINGTON RD | 739950 | 3 | 3.5 | 3,505 | DETACHD | ||
| 5087 LAKEVIEW BLVD | 749000 | 4 | 2.5 | 3,200 | DETACHD | ||
| 4256 LAKEVIEW BLVD | 1095000 | 4 | 3.5 | 3,117 | DETACHD |
PENDING SALES (Oct 4-Oct 10, 2010)
| Address | List Price | Bedrooms | Baths | Sq feet | Prop Type | ||
| 44 CRESTFIELD CT | $75,000 | 2 | 1 | 923 | CONDO | ||
| 86 KINGSGATE RD | $94,900 | 2 | 2 | 924 | ATTACHD | ||
| 15139 QUARRY RD | $224,900 | 3 | 2 | 1,328 | DETACHD | ||
| 5160 TUALATA LN | $304,900 | 3 | 2 | 1,470 | DETACHD | ||
| 1740 YARMOUTH CIR | $510,000 | 2 | 2.5 | 1,960 | DETACHD | ||
| 13596 STREAMSIDE DR | $579,900 | 4 | 2.5 | 3,430 | DETACHD | ||
| 2811 ARROWHEAD CT | $1,000,000 | 4 | 3.5 | 3,740 | DETACHD | ||
SOLD (Oct 4-Oct 10, 2010)
| Address | Original Price | Closed Price | BD/BATH | Sq feet | Prop Type | CDOM | ||
| 6125 FERNBROOK ST | $264,999 | $230,000 | 3/1.5 | 1,271 | DETACHD | 180 | ||
| 1684 BOCA RATAN DR | $248,900 | $240,000 | 3/2.0 | 1,611 | ATTACHD | 531 | ||
| 17683 ARBOR LN | $339,900 | $305,000 | 3/2.0 | 1,946 | DETACHD | 70 | ||
| 875 LEE ST | $378,900 | $345,500 | 3/2.0 | 2,200 | DETACHD | 483 | ||
| 2329 STONEHURST CT | $539,900 | $530,000 | 4/3.0 | 3,275 | DETACHD | 12 | ||
| 5700 CHILDS RD | $749,900 | $749,900 | 4/2.5 | 2,865 | DETACHD | 98 | ||
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
Market Activity ~ Sept 27-Oct 3, 2010
Market activity last week brought Lake Oswego 10 new listings, 9 pending sales, and 12 closed sales according to RMLS.
See below for further details:
NEWLY LISTED (Sept 27-Oct 3, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 44 CRESTFIELD CT | $75,000 | 2 | 1 | 923 | CONDO |
| 572 S STATE ST #8C | $180,000 | 2 | 1 | 914 | CONDO |
| 5054 FOOTHILLS DR #69E | $215,000 | 3 | 2 | 1252 | CONDO |
| 44 ORIOLE LN | $270,000 | 4 | 2.1 | 2224 | DETACHD |
| 3541 RED CEDAR WAY | $404,900 | 3 | 3 | 1963 | DETACHD |
| 17890 KELOK RD | $417,900 | 4 | 2.1 | 3095 | DETACHD |
| 4978 MULHOLLAND DR | $419,000 | 3 | 2.1 | 2498 | ATTACHD |
| 135 5th ST | $539,900 | 4 | 1 | 2200 | DETACHD |
| 17606 WOODHURST PL | $598,000 | 5 | 3.1 | 4488 | DETACHD |
| 15578 VILLAGE DR | $799,000 | 3 | 2.1 | 3630 | DETACHD |
PENDING SALES (Sept 27-Oct 3, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 79 GALEN ST | $69,900 | 2 | 2 | 995 | CONDO | 35 |
| 668 MCVEY AVE #54 | $140,000 | 3 | 1.1 | 992 | CONDO | 5 |
| 2 MOUNTAIN CIR | $160,000 | 2 | 1.1 | 1504 | ATTACHD | 21 |
| 6447 MCEWAN RD | $169,900 | 2 | 1 | 912 | DETACHD | 115 |
| 6173 WASHINGTON CT | $314,000 | 3 | 2 | 1440 | DETACHD | 10 |
| 1462 GREENTREE CIR | $389,900 | 4 | 2.1 | 2507 | DETACHD | 138 |
| 571 2ND ST #307 | $631,000 | 2 | 2 | 1561 | CONDO | |
| 16461 CHAPIN WAY | $749,900 | 4 | 2.1 | 4271 | DETACHD | 488 |
| 3151 DOUGLAS CIR | $1,185,000 | 5 | 4.2 | 4400 | DETACHD | 125 |
SOLD (Sept 27-Oct 3, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 512 S STATE ST | $129,900 | $90,000 | 1 | 1 | 829 | CONDO | 106 |
| 510 S STATE ST | $117,500 | $95,100 | 1 | 1 | 829 | CONDO | 58 |
| 16790 LAKE FOREST BLVD | $155,000 | $120,000 | 2 | 1 | 780 | DETACHD | 32 |
| 4201 COLLINS WAY | $279,000 | $278,000 | 3 | 2 | 1230 | DETACHD | 53 |
| 15265 BOONES WAY | $324,500 | $300,000 | 2 | 2.1 | 1560 | ATTACHD | 21 |
| 4664 FIRWOOD RD | $379,900 | $347,900 | 3 | 2 | 1640 | DETACHD | 53 |
| 231 LAUREL ST | $425,000 | $388,000 | 3 | 3 | 2244 | DETACHD | 119 |
| 17778 MARYLCREEK DR | $459,900 | $400,000 | 3 | 2.1 | 2741 | DETACHD | 49 |
| 325 3RD ST | $499,900 | $441,500 | 2 | 2.1 | 1937 | ATTACHD | 189 |
| 15 SCARBOROUGH DR | $549,000 | $494,000 | 5 | 3.1 | 3310 | DETACHD | 58 |
| 1050 Schukart LN | $599,000 | $561,015 | 3 | 3.1 | 5847 | DETACHD | 207 |
| 17281 KELOK RD | $1,195,000 | $845,000 | 3 | 3 | 2682 | DETACHD | 370 |
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
Market Activity Sept. 20-26, 2010
Last week brought 19 new listings onto the market, 11 pending sales, and 11 closed sales.
There is a new listing worth getting excited about. It’s a condo right on the lake at the East end off of McVey. It was previously listed for $549,000, and is now a foreclosure listed for $140,000. Seriously, waterfront for $140,000. My guess is that the bank who now owns it knows that with the lake level lowered right now for the sewer replacement project, they know it will not show well. But if you are willing to look at a mud bog until next summer when the lake is refilled, you could get yourself one screaming deal. It’s just 992 square feet, with 3 bedrooms and 1 1/2 baths. Give Linda or myself a call if you want more info.
In the mean time, here is last week’s report.
See below for further details.
NEWLY LISTED (Sept 20-26, 2010)
| Address | List Price | Bedroom | Baths | Sq Feet | Prop Type | ||
| 44 EAGLE CREST DR | $100,000 | 2 | 1 | 908 | CONDO | ||
| 668 MCVEY AVE | $140,000 | 3 | 1.5 | 992 | CONDO | ||
| 4085 JEFFERSON PKWY | $168,900 | 2 | 2.5 | 1,851 | CONDO | ||
| 10 ORIOLE LN | $299,500 | 3 | 2 | 1,654 | DETACHD | ||
| 6173 WASHINGTON CT | $314,000 | 3 | 2 | 1,440 | DETACHD | ||
| 16026 PARKER RD | $330,000 | 3 | 1 | 1,620 | DETACHD | ||
| 4260 SOUTHSHORE BLVD | $349,000 | 2 | 2 | 1,268 | DETACHD | ||
| 106 KINGSGATE RD | $349,900 | 3 | 2.5 | 1,669 | DETACHD | ||
| 2602 ORCHARD HILL PL | 409900 | 3 | 2.5 | 2,568 | DETACHD | ||
| 17187 CARLSON CT | 435000 | 4 | 3 | 2,082 | DETACHD | ||
| 979 DEVON LN | 457000 | 4 | 3.5 | 2,162 | DETACHD | ||
| 2250 PARK RD | 499000 | 3 | 2 | 2,072 | DETACHD | ||
| 19263 MEGLY CT | 559900 | 5 | 3 | 3,213 | DETACHD | ||
| 17981 MEADOWLARK LN | 584900 | 3 | 2.5 | 3,250 | DETACHD | ||
| 5975 NEWCASTLE DR | 649000 | 4 | 2.5 | 3,339 | DETACHD | ||
| 1969 PALISADES TERRACE DR | 775000 | 4 | 2.5 | 3,930 | DETACHD | ||
| 312 9th ST | 782850 | 4 | 2.5 | 2,640 | DETACHD | ||
| 453 9th ST | 797950 | 4 | 3.5 | 2,859 | DETACHD | ||
| 3030 Childs RD | 999950 | 5 | 4.5 | 7,076 | DETACHD |
PENDING SALES (Sept 20-26, 2010)
| Address | List Price | Bedrooms | Baths | Sq Feet | Prop Type | ||
| 200 BURNHAM RD | $149,000 | 2 | 2 | 1,335 | CONDO | ||
| 18462 DON LEE WAY | $179,900 | 4 | 2 | 1,904 | DETACHD | ||
| 16200 PACIFIC HWY | $184,900 | 2 | 2 | 1,190 | CONDO | ||
| 1070 HALLINAN | $321,000 | 3 | 1.5 | 1,653 | DETACHD | ||
| 32 CHURCHILL DOWNS | $379,900 | 4 | 2.5 | 3,016 | DETACHD | ||
| 1000 ATWATER RD | $389,900 | 4 | 3 | 2,200 | DETACHD | ||
| 17491 BLUE HERON DR | $459,900 | 4 | 2 | 2,396 | DETACHD | ||
| 230 4TH ST | $475,000 | 3 | 3 | 2,165 | DETACHD | ||
| 13143 VERMEER DR | 499000 | 3 | 2.5 | 2,288 | DETACHD | ||
| 14246 KIMBERLY CIR | 615000 | 4 | 2.5 | 3,520 | DETACHD | ||
| 844 5TH ST | 829000 | 3 | 3 | 2,590 | DETACHD |
SOLD (Sept 20-26, 2010)
| Address | Orig. Price | Close Price | CDOM | Sq Feet | Prop Type | |||
| 6011 SHAKESPEARE ST | $195,000 | $196,000 | 1 | 1,318 | DETACHD | |||
| 5060 FOOTHILLS DR | $229,500 | $210,000 | 32 | 1,252 | CONDO | |||
| 18929 INDIAN SPRINGS RD | $324,900 | $324,900 | 7 | 3,380 | DETACHD | |||
| 595 6TH ST | $349,000 | $349,000 | 3 | 893 | DETACHD | |||
| 19 FALSTAFF ST | $500,000 | $405,000 | 169 | 3,207 | DETACHD | |||
| 19451 SW DOGWOOD CT | $559,900 | $527,900 | 104 | 3,547 | DETACHD | |||
| 577 2ND ST | $595,000 | $535,000 | 211 | 1,459 | CONDO | |||
| 3030 WESTVIEW CT | $859,000 | $727,500 | 677 | 3,415 | DETACHD | |||
| 5288 DENTON DR | $759,000 | $739,000 | 62 | 3,240 | DETACHD | |||
| 3540 RED CEDAR WAY | $919,000 | $740,000 | 177 | 4,100 | DETACHD | |||
| 1318 HORSESHOE CURV | $1,275,000 | $1,090,000 | 165 | 3,554 | DETACHD |
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
Market Activity ~ Sept 13-19, 2010
Market activity last week brought us 16 new listings, 2 pending sales, and 14 closed sales.
Two of the New Listings, Eagle Crest & Southwood, had been off the market for just a little less than 30 days & took a $30,000 price drop & approx $10,000 respectively. Cameo was only off the market for a few days, but took a $250,000 price drop. All show as New Listings with new Realtors as well.
See below for further details.
NEWLY LISTED (Sept 13-19, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type |
| 44 EAGLE CREST DR #1 | $110,000 | 2 | 1 | 908 | CONDO |
| 3433 McNary PKWY #504 | $189,900 | 2 | 2.1 | 1136 | CONDO |
| 37 ORIOLE LN | $274,900 | 2 | 2 | 1520 | DETACHD |
| 1095 CORNELL ST | $299,500 | 2 | 1 | 1416 | DETACHD |
| 427 9TH ST | $299,900 | 4 | 2 | 2130 | DETACHD |
| 4760 LOWER DR | $345,000 | 4 | 3 | 2500 | DETACHD |
| 13901 SUNDELEAF DR | $350,000 | 4 | 0.3 | 1877 | DETACHD |
| 151 DEL PRADO ST | $439,000 | 4 | 2.1 | 2447 | DETACHD |
| 326 LAKE BAY CT | $474,900 | 3 | 2 | 1410 | DETACHD |
| 777 BERWICK CT | $475,000 | 3 | 2 | 2324 | DETACHD |
| 14361 SHERBROOK PL | $569,000 | 3 | 2.1 | 2100 | DETACHD |
| 5705 SOUTHWOOD DR | $598,000 | 4 | 2.1 | 3360 | DETACHD |
| 15566 VILLAGE PARK CT | $709,900 | 5 | 3.1 | 4692 | DETACHD |
| 193 FURNACE ST | $769,950 | 2 | 2.1 | 2215 | CONDO |
| 13795 CAMEO CT | $1,400,000 | 4 | 5.2 | 7190 | DETACHD |
| 1677 LESLIE LN | $2,599,000 | 5 | 5.1 | 7534 | DETACHD |
PENDING SALES (Sept 13-19, 2010)
| Address | List Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 4664 FIRWOOD RD | $349,900 | 3 | 2 | 1640 | DETACHD | 53 |
| 17670 MARYLBROOK DR | $499,000 | 4 | 3 | 3067 | DETACHD | 261 |
SOLD (Sept 13-19, 2010)
| Address | O/Price | Close Price | # Beds | # Baths | Total SF | Prop Type | CDOM |
| 47 EAGLE CREST DR #31 | $84,950 | $71,000 | 2 | 1 | 1009 | CONDO | 104 |
| 205 CERVANTES | $164,900 | $120,000 | 2 | 1.1 | 1216 | CONDO | 145 |
| 16200 PACIFIC HWY #8 | $279,900 | $221,500 | 2 | 2 | 1208 | CONDO | 120 |
| 3388 EDGEMONT RD | $359,900 | $250,000 | 3 | 2.1 | 1968 | DETACHD | 283 |
| 4236 HARVEY WAY | $399,500 | $348,000 | 3 | 2.1 | 1870 | DETACHD | 110 |
| 15580 PARTRIDGE DR | $378,000 | $350,000 | 3 | 2.1 | 2245 | DETACHD | 267 |
| 17518 REDFERN AVE | $409,000 | $365,000 | 3 | 2 | 1831 | DETACHD | 715 |
| 24 PARTRIDGE LN | $449,000 | $450,000 | 4 | 2.1 | 3224 | DETACHD | 40 |
| 5678 CHARLES CIR | $580,000 | $520,000 | 3 | 4 | 3455 | DETACHD | 495 |
| 14158 KIMBERLY CIR | $530,000 | $530,800 | 5 | 3 | 3648 | DETACHD | 40 |
| 19288 SW Megly CT | $579,900 | $562,400 | 5 | 3 | 3594 | DETACHD | 149 |
| 1425 CHANDLER RD | $978,000 | $750,000 | 4 | 3 | 3384 | DETACHD | 43 |
| 4912 FIRWOOD RD | $999,900 | $950,000 | 4 | 4 | 5640 | DETACHD | 21 |
| 19000 BRYANT RD | $965,000 | $965,000 | 5 | 3.1 | 5874 | DETACHD | 3 |
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
Market Activity September 6-12, 2010
Market activity last week brought us 10 new listings, 11 pending sales, and 3 closed sales.
See below for further details.
NEWLY LISTED (September 6-12, 2010)
| Address | List Price | Bedrooms | Baths | Sq. Feet | Prop Type | ||
| 2 MOUNTAIN CIR | $160,000 | 2 | 1.5 | 1,504 | ATTACHD | ||
| 5063 FOOTHILLS DR | $225,000 | 2 | 2 | 991 | CONDO | ||
| 17335 ASHLEY CT | $294,900 | 3 | 2.5 | 2,161 | ATTACHD | ||
| 532 2ND ST | $350,000 | 2 | 2.5 | 1,394 | CONDO | ||
| 1551 WOODLAND TER | $499,000 | 4 | 2 | 2,712 | DETACHD | ||
| 5188 MADRONA ST | $549,000 | 3 | 3 | 3,183 | DETACHD | ||
| 17682 MARYLBROOK DR | $649,900 | 4 | 2.5 | 3,799 | DETACHD | ||
| 3883 TAMARACK LN | $669,000 | 4 | 2.5 | 2,898 | DETACHD | ||
| 13978 Westcott CT | 675000 | 3 | 3 | 3,361 | DETACHD | ||
| 1088 WESTWARD HO RD | 725000 | 2 | 2 | 1,837 | DETACHD |
PENDING SALES (September 6-12, 2010)
| Address | List Price | Bedrooms | Baths | Sq Feet | Prop Type | ||
| 200 BURNHAM RD | $139,000 | 2 | 1 | 1,216 | CONDO | ||
| 16250 PACIFIC HWY | $139,000 | 2 | 2 | 1,327 | CONDO | ||
| 6125 FERNBROOK ST | $239,000 | 3 | 1.5 | 1,271 | DETACHD | ||
| 1496 BOCA RATAN DR | $249,900 | 3 | 1.5 | 1,403 | ATTACHD | ||
| 875 LEE ST | $349,900 | 3 | 2 | 2,200 | DETACHD | ||
| 2329 STONEHURST CT | $539,900 | 4 | 3 | 3,275 | DETACHD | ||
| 18263 ANDUIN TER | $575,000 | 4 | 3 | 3,100 | DETACHD | ||
| 550 MIDDLECREST RD | $584,900 | 3 | 2.5 | 2,240 | DETACHD | ||
| 13566 STREAMSIDE DR | 598000 | 3 | 2.5 | 3,123 | DETACHD | ||
| 5657 VICTORIA CT | 689900 | 4 | 3 | 3,421 | DETACHD | ||
| 1641 ENGLEWOOD DR | 695000 | 4 | 2.5 | 4,204 | DETACHD |
SOLD (September 6-12, 2010)
| Address | List Price | Closed Price | Bedrooms | Prop Type | Baths | Sq Feet | CDOM | |||
| 745 BERWICK CT | $549,000 | $520,000 | 3 | DETACHD | 2 | 1988 | 143 | |||
| 2125 RIDGE POINTE DR | $879,000 | $790,000 | 4 | DETACHD | 3.5 | 3489 | 171 | |||
| 13764 KNAUS RD | $1,375,000 | $1,200,000 | 4 | DETACHD | 4.5 | 4805 | 52 | |||
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
Market Activity Aug 30-Sept 5, 2010
Market activity last week brought us 16 new listings, 12 pending sales, and 13 closed sales.
See below for further details.
NEWLY LISTED (August 30-Sept 5, 2010)
| Address | List Price | Bedrooms | Baths | Prop Type | |||
| 49 OSWEGO SMT | $85,000 | 1 | 1 | CONDO | |||
| 3924 CARMAN DR | $199,000 | 2 | 2.5 | ATTACHD | |||
| 23 GREENRIDGE CT | $235,000 | 2 | 1.5 | ATTACHD | |||
| 5713 SW KENNY ST | $284,900 | 3 | 2 | DETACHD | |||
| 4347 SILVER CT | $312,000 | 3 | 2.5 | CONDO | |||
| 9 ORIOLE LN | $335,000 | 3 | 3 | DETACHD | |||
| 132 MIDDLECREST RD | $364,900 | 3 | 1 | DETACHD | |||
| 12139 SW ORCHARD HILL WAY | $399,000 | 4 | 2.5 | DETACHD | |||
| 200 BURNHAM RD | 429000 | 3 | 2 | CONDO | |||
| 1900 GREENTREE RD | 449000 | 4 | 3 | DETACHD | |||
| 2634 ORCHARD HILL PL | 449500 | 3 | 2.5 | DETACHD | |||
| 1033 YATES | 549900 | 4 | 3.5 | DETACHD | |||
| 17590 BLUE HERON DR | 850000 | 4 | 3 | DETACHD | |||
| 100 GARIBALDI ST | 999500 | 5 | 3.5+.5 | DETACHD | |||
| 4464 LAKEVIEW BLVD | 1399000 | 3 | 4 | DETACHD | |||
| 1300 FAIRWAY RD | 4490000 | 4 | 3.5 | DETACHD |
PENDING SALES (Aug 30-Sept 5, 2010)
| Address | List Price | Bedrooms | Baths | Prop Type | |||
| 512 S STATE ST | $99,900 | 1 | 1 | CONDO | |||
| 45 EAGLE CREST DR | $119,900 | 1 | 1 | CONDO | |||
| 41 GREENRIDGE CT | $175,000 | 3 | 2.5 | ATTACHD | |||
| 74 GREENRIDGE CT | $259,900 | 3 | 2.5 | ATTACHD | |||
| 541 2ND ST | $499,000 | 2 | 2 | CONDO | |||
| 15 SCARBOROUGH DR | $499,000 | 5 | 3.5 | DETACHD | |||
| 577 2ND ST | $535,000 | 2 | 2 | CONDO | |||
| 339 6TH ST | $549,900 | 3 | 3.5 | ATTACHD | |||
| 1050 Schukart LN | 599000 | 3 | 3.5 | DETACHD | |||
| 3030 WESTVIEW CT | 795000 | 4 | 2.5 | DETACHD | |||
| 490 COUNTRY CLUB RD | 869900 | 5 | 4 | DETACHD | |||
| 16772 ALDER CIR | 1995000 | 4 | 3.5 | DETACHD |
SOLD (August 30-Sept 5, 2010)
| Address | Orig./Price | Close/Price | Bedrooms | Prop Type | Baths | CDOM | |||
| 5857 CARMAN DR | $190,000 | $162,000 | 2 | DETACHD | 1 | 92 | |||
| 668 MCVEY AVE | $329,998 | $252,000 | 3 | CONDO | 1.5 | 647 | |||
| 116 TOUCHSTONE TER | $299,000 | $270,000 | 3 | CONDO | 2.5 | 327 | |||
| 1851 KILKENNY DR | $450,000 | $305,000 | 4 | DETACHD | 3 | 2 | |||
| 75 CONDOLEA WAY | $389,000 | $369,000 | 3 | CONDO | 3 | 133 | |||
| 1480 Hemlock ST | $388,800 | $369,000 | 4 | DETACHD | 3 | 92 | |||
| 16 PARTRIDGE LN | $419,000 | $385,000 | 3 | DETACHD | 2.5 | 104 | |||
| 13909 MAJESTIC CT | $399,900 | $415,000 | 4 | DETACHD | 3 | 126 | |||
| 26 INDEPENDENCE AVE | $574,000 | 495,000 | 4 | DETACHD | 3 | 117 | |||
| 5722 CHARLES CIR | $599,900 | 560,000 | 4 | DETACHD | 2.5 | 69 | |||
| 17446 BRYANT RD | $795,000 | 730,000 | 4 | DETACHD | 4 | 1515 | |||
| 13777 Cameo CT | $1,950,000 | 1,400,000 | 5 | DETACHD | 4.5 | 411 | |||
| 95 IRON MOUNTAIN BLVD | $1,550,000 | 1,400,000 | 4 | DETACHD | 5.5 | 631 |
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