Market Activity for February 9-15, 2009

Last week’s activity was slow, to put it mildly. There were 9 genuine new listings: meaning that they were not previously listed either by another Realtor or at a higher price. There were 4 houses that went pending, and zero closed sales. Probably the most interesting thing I observed is that of the pending sales, 3 out of the 4 sold in 35 days or less. I checked the market history on all of them and these sales really did happen that quickly. So there is a place where market demand meets current economic conditions and properties sell. I also think that buyers who are in the market are watching the inventory and jumping on the good deals. On the flip side is the 4th pending sale. It took 574 days to receive an accepted offer. It was originally listed for $1,199,000 and finally priced dropped, after such a long market time, to $689,000 in order to get it gone.

NEWLY LISTED (February 9, 2009 – February 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
92 GALEN ST $119,500 1 1 689 CONDO 2/13/2009
45 EAGLE CREST DR $119,900 1 1 600 CONDO 2/15/2009
11 CRESTFIELD CT $149,000 1 1 650 CONDO 2/13/2009
5051 FOOTHILLS DR $249,999 2 2 991 ATTACHD 2/9/2009
1960 MAPLELEAF RD $325,000 3 2 1,210 DETACHD 2/9/2009
178 PINE VALLEY RD $475,000 5 3.1 2,999 DETACHD 2/12/2009
17196 KELOK RD $750,000 3 2.1 2,500 DETACHD 2/13/2009
2400 DELLWOOD DR $899,000 4 3 3,180 DETACHD 2/10/2009
17590 KELOK RD 1749000 5 4 5,000 DETACHD 2/9/2009

PENDING SALES (February 9, 2009 – February 15, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
4 TOUCHSTONE DR $114,000 2 2 984 CONDO 35
750 1ST ST $196,500 2 2 1,350 CONDO 34
16978 CANAL CIR $350,000 3 2 1,962 DETACHD 4
4155 CANAL RD $689,000 4 2.1 3,736 DETACHD 574

There were no closed sales the week of February 9-15, 2009.

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.

If links to ACTIVE properties do not bring up property information, the listing may no longer be active, but rather expired, cancelled, pending, or sold

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