Market Activity for May 31 to June 6, 2010

Last week found 16 new listings, 13 pending sales, and 7 closed sales. I would have to say that it was a bit of a celebration week for many of the sellers who closed transactions. This group of homes included quite a few that had been on the market for an extremely long time. It is good that they were sold, finally. And the closed selling prices were certainly reflective of the new reality with values. I feel that is further reflected in the pricing with the new listings, many of which look to be really good values.

Here is last week’s report: (see below the tables for additional notes):

NEWLY LISTED (May 32-June 6, 2010)

Address List Price Year Built Total SF Prop Type BR & BTH
37 CRESTFIELD CT $94,900 1980 923 CONDO 2 & 1
200 BURNHAM RD $219,000 1966 1,173 CONDO 2 & 2
74 GREENRIDGE CT $289,900 1973 2,868 ATTACHD 3 & 2.5
37 BLOCH TER $314,500 1972 1,972 ATTACHD 3 & 2.5
19431 TUALAMERE AVE $334,000 1964 1,308 DETACHD 3 & 1.5
16725 CARNEGIE AVE $335,000 1968 2,134 DETACHD 3 & 2
1018 HEMLOCK ST $349,900 1965 1,950 DETACHD 4 & 2
1621 LARCH ST $399,900 1971 3,040 DETACHD 3 & 2.5
17387 CANYON DR 479000 1966 1,955 DETACHD 3 & 2.5
1740 YARMOUTH CIR 550000 1985 1,960 DETACHD 2 & 2.5
4 INDEPENDENCE AVE 564900 1969 3,482 DETACHD 4 & 3.5
13596 STREAMSIDE DR 649999 1989 3,430 DETACHD 3 & 2.5
712 LAKE FOREST DR 665000 1949 1,640 DETACHD 2 & 2
15725 TARA PL 665000 2006 3,372 DETACHD 4 & 2.5
14370 PFEIFER DR 669000 1993 3,318 DETACHD 3 & 2.5
144 LEONARD ST 799000 2004 3,451 DETACHD 3 & 1.5+.5

PENDING SALES (May 31-June 6, 2010)

Address List Price Year Built Total SF Prop Type BR & BTH
34 CONDOLEA DR $219,000 1978 1,420 CONDO 2 & 2
12 POLONIUS ST $246,600 1971 3,275 DETACHD 4 & 2.5
4236 HARVEY WAY $359,000 1979 1,870 DETACHD 3 & 2.5
15580 PARTRIDGE DR $360,000 1989 2,245 DETACHD 3 & 2.5
2031 LILLI LN $499,000 1968 3,262 DETACHD 3 & 3.5
17471 CARDINAL DR $545,000 1973 3,056 DETACHD 4 & 2.5
13460 SNOWBERRY CT $564,000 1989 3,327 DETACHD 3 & 2.5
731 F AVE $699,900 1998 2,668 DETACHD 4 & 2.5
331 CHANDLER PL 810000 1962 2,428 DETACHD 4 & 2.5
1580 BONNIEBRAE DR 849000 1972 3,800 DETACHD 4 & 3
3820 SOUTHSHORE BLVD 925000 2008 4,855 DETACHD 5 & 4
3140 DOUGLAS CIR 950000 2004 4,310 DETACHD 4& 3.5
1340 CHERRY LN 1348888 2007 5,922 DETACHD 4 &4.5+.5

SOLD (May 31-June 6, 2010)

Address Closed Price Original Price Year Built Total SF Prop Type CDOM
775 BOCA RATAN DR $155,000 $204,750 1975 2,401 DETACHD 249
200 BURNHAM RD $168,000 $298,850 1962 1,328 CONDO 942
1597 BONNIEBRAE DR $180,000 $230,000 1969 998 ATTACHD 261
1640 WORTHINGTON ST $338,900 $515,000 1961 2,394 DETACHD 473
3075 ROYCE WAY $392,000 $699,850 1975 3,667 DETACHD 577
2109 WEMBLEY PARK RD $640,000 $649,900 1955 3,129 DETACHD 2
17540 RIDGEVIEW LN $1,025,000 $1,350,000 2006 4,345 DETACHD 316

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.

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