Market Activity for November 29-December 5, 2010

Moving into the full logistics of the holidays, market activity slowed down significantly last week. We had 7 new listings, 2 pending sales, and 6 closed sales.

We receive a weekly accounting of lockbox activity every Monday. It consists of a tally of the number of times that lockboxes were opened and the percentage change from the week prior. Last week saw a 39% decrease. So showings are way down. Having said that, I always like to point out that while there may be fewer buyers out looking, those that are doing so at the holidays are serious buyers. People don’t take the time to look at this time of year unless they are motivated to buy.

See below for further details:

NEWLY LISTED (Nov 29-Dec 5, 2010)

Address Price Type BR Bath Sq Feet
4000 Carman Dr #108 $109,900 Condo 1 1 767
4305 Silver Ct $339,000 Attached 3 2.5 1835
4198 Glacier Lily St $389,000 Detached 4 3 2806
17 Hidalgo $429,000 Detached 4 3.5 3428
1217 Tyndall Ct $699,000 Detached 4 4 5181
15622 Fieldstone Dr $725,000 Detached 3 2.5 3113
582 9th St $838,950 Detached 2 3.5 2841

PENDING SALES (Nov 29-Dec 5, 2010)

Address Type Price BR Bath Sq. Feet
156 Greenwood Rd Detached $309,900 2 2 3722
4114 Casey Ct Detached $785,000 4 2.5 3405

SOLD (Nov 29-Dec 5, 2010)

table >

Address Orig. Price Sold Price type Sq Feet CDOM
692 2nd St $299,000 $255,000 Detached 1700 213
5188 Madrona St $549,000 $514,500 Detached 3183 36
1704 Glenmorrie Terr. $599,000 $575,000 Detached 3885 124
5001 Denton Dr $759,000 $753,000 Detached 3303 2
14089 Edenberry Dr $840,000 $840,000 Detached 3276 0
15446 Boones Way $998,500 $936,000 Attached 3364 84

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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