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

Open Houses for February 14th and 15th

This is going to be a great weekend to grab your honey and get out to visit some nice homes.

There is one house being held open on Saturday, according to the RMLS:

56 Greenridge Ct, $345,000, 3 BR, 2.5 BTHS, 1996 square feet, open 1:00-3:30

On Sunday there are 15 open houses being promoted on the RMLS:

5487 Tualata Ct, $264,900, 3 BR, 2 BTHS, 1200 square feet, open 1:00-3:00

5096 Tree St, $334,900, 3 BR, 1.5 BTHS, 1410 square feet, open 2:00-5:00

56 Greenridge Ct, $345,000, 3 BR, 2.5 BTHS, 1996 square feet, open 1:00-3:30

1650 Fircrest Dr, $399,000, 4 BR, 3 BTHS, 2266 square feet, open 1:00-3:00

964 Country Commons, $499,000, 3 BR, 2.5 BTHS, 2065 square feet, open 2:00-4:00

41 Hillshire Dr, $547,000, 4 BR, 3 BTHS, 2670 sqsuare feet, open 1:30-3:30

624 Livingood Ln, $564,900, 4 BR, 3 BTHS, 2596 square feet, open 1:00-3:00

5772 Bay Creek Dr, $599,000, 4 BR, 3 BTHS, 3242 square feet, open 12:00-2:00

17879 Hillside Dr, $674,900, 3 BR, 3 BTHS, 3049 square feet, open 12:00-2:00

15713 Tara Pl, $699,000, 4 BR, 2.5 BTHS, 3442 square feet, open 1:00-4:00

5267 Lakeview Blvd, $750,000, 4 BR, 3.5 BTHS, 3425 square feet, open 1:00-4:00

3030 Westview Ct, $948,000, 4 BR, 2.5 BTHS, 3415 square feet, open 2:00-4:00

17878 Hillside Dr, $995,000, 5 BR, 3 BTHS, 3462 square feet, open 1:00-4:00

5250 Dawn Ave, $1,095,900, 4 BR, 3.5 BTHS, 4333 square feet, open 1:00-3:00

581 Oak Meadow Dr, $1,475,000, 4 BR, 4.5 BTHS, 4745 square feet, open 1:00-3:00

Enjoy the weekend and Happy Valentine’s Day.

Observations on Current Inventory

lake-photoA few days ago I spent some time analyzing inventory. I thought I’d share with you some of my observations.

On the day that I did this, February 6, 2009, there were 418 single family, detached, homes for sale in Lake Oswego. Here is the breakdown by price:

$100,000-$199,999 = 3
$200,000-$299,999 = 13
$300,000-$399,999 = 41
$400,000-$499,999 = 48
$500,000-$599,999 = 44
$600,000-$699,999 = 38
$700,000-$799,999 = 28
$800,000-$899,999 = 30
$900,000-$999,999 = 37
$1,000,000+ = 136

If you have been reading the market activity reports on Mondays here at the propertyblotter, you have probably noticed that for the last several months there have been very few properties sold in the million dollar and over price range. In fact, it has been since early December that a sale has closed at that price point. 136 houses priced over a million dollars just seems like a lot of high-end inventory. In all of 2008, 45 houses sold that were priced at a million dollars or greater. At that rate, it will take a little over 3 years for the current inventory to be sold. What does that mean? It means that if you are in the market for a high-end, luxury home, you have lots of houses to choose from and motivated sellers will be making sacrifices to get their properties sold. I think that the sellers who truly have to sell quickly will be dropping prices and making concessions to secure a good sale.

Having said that, you will also have noticed that in this Monday’s market activity report two high-end homes went sale pending: one for $995,000 and one for $1,995,000.

It is very typical that the market is slow during the holidays. Seeing the two pendings this week can be seen as the market gearing up as we approach spring, which is a very active time for sales.

In doing this, I really enjoyed seeing the break down of the numbers in the more affordable price ranges as well. There are quite a few really nice homes that would not require jumbo loan financing. A jumbo loan is $417,000 or greater and typically has a higher interest rate than a conventional loan.

I also have from time to time compared the inventory of homes priced at $350,000 or less in Lake Oswego to the inventory available in Sellwood, a neighborhood in SE Portland. I have done this because I believe that Lake Oswego is often over-looked for affordable housing because of its reputation for million dollar housing. The first time I made the comparison, last April, there were 20 houses for sale in LO and 18 in Sellwood. The next time I did it, last August, there were 28 in LO and 32 in Sellwood. At the time of this current analysis I have found 36 in LO and 27 in Sellwood. So both areas have more houses for sale priced at $350,000 or less than they did 10 months ago, and Lake Oswego continues to be strong in this price range.

The least expensive house for sale in Lake Oswego, that is not a tear-down fixer, is priced at $189,900. It was built in 1955 and has 1320 square feet with 2 bedrooms and 1 bath. It’s on a very large lot in Lake Grove.

The most expensive house for sale in Lake Oswego is Jantzen Island. A private island in the lake of 5.5 acres with a 10,000 square foot main house and a 3500 square foot guest house. It’s priced at $19,500,000.

I am curious to see how our inventory changes as we go into the spring. With the current economy it is bound to be slower than normal. If anything, the current economy is increasing the number of homes in the more modest price ranges. And for buyers who want and are able to purchase a high-end home, there is great selection and some great deals to be found.

Market Activity Report – February 2-8, 2009

Lake Oswego saw 14 new properties hit the market last week.  We had 6 go pending, and 5 that closed.  Looks like some steady activity is continuing.

I think it’s interesting to note that some of the older inventory is moving, and some of the newer inventory is moving rather quickly, relatively speaking, as evidenced by 3 pending sales that had been on the market for over 8 months, and one other achieving pending status in just 7 days!  The other two were on the market for less than 3 months before getting to pending status.  As for sold/closed properties- one of the 5 had been on the market for over 11 months prior to sale, but we had one sell in about 2 weeks, and 2 that had been on the market for 5 &  a just a little over 5 months.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (February 2—February 8, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Beds # Baths Tot. SF Prop Type List Date
45 OSWEGO Summit $139,900 1 1 764 CONDO 2/2/2009
3882 BOTTICELLI ST $224,900 3 2 1,224 ATTACHD 2/3/2009
204 CERVANTES CIR $259,000 3 1.1 1,138 CONDO 2/3/2009
790 BOCA RATAN DR $269,900 3 2 2,112 DETACHD 2/6/2009
17304 MARJORIE AVE $333,000 3 1.1 1,340 DETACHD 2/3/2009
1685 MAPLELEAF RD $365,000 3 2 1,433 DETACHD 2/2/2009
1299 HIDE A WAY LN $425,000 3 2 1,893 DETACHD 2/8/2009
1510 FERNWOOD DR $595,000 5 3 3,291 DETACHD 2/4/2009
2957 GLEN EAGLES RD 599000 4 3 3,288 DETACHD 2/3/2009
5772 BAY CREEK DR 599000 4 3 3,242 DETACHD 2/5/2009
17879 HILLSIDE DR 674900 3 3 3,049 DETACHD 2/5/2009
1991 COUNTRY CLUB RD 879000 4 4 3,414 DETACHD 2/6/2009
17460 Wren CT 1495000 4 3.1 3,300 DETACHD 2/8/2009
4313 WESTBAY RD 2775000 4 3.1 4,000 DETACHD 2/2/2009

PENDING SALES (February 2—February 8, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Beds # Baths Tot. SF Prop Type List Date CDOM
44 EAGLE CREST DR $114,950 1 1 798 CONDO 1/29/2009 7
95 KINGSGATE RD $310,000 3 2.1 1,669 DETACHD 12/14/2008 51
5291 CHINOOK CT $375,000 7 3 2,331 DETACHD 12/8/2008 286
4761 LAMONT WAY $390,000 3 2 1,816 DETACHD 11/13/2008 83
1555 BAY VIEW LN $995,000 4 4.1 4,775 DETACHD 1/19/2009 277
13200 THOMA RD $1,995,000 5 5.2 7,648 DETACHD 11/4/2008 504

SOLD (February 2—February 8, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # Beds # Baths Tot. SF Prop Type List Date CDOM
3668 SPRING LN $199,900 $164,400 2 2 1,120 CONDO 1/6/2009 16
4206 WOODSIDE CIR $284,900 $284,900 2 2 1,799 ATTACHD 8/3/2008 151
1640 WORTHINGTON ST $359,900 $335,500 4 3 2,342 DETACHD 10/28/2008 66
5079 W SUNSET DR $458,650 $365,000 2 2.1 1,760 ATTACHD 7/25/2008 336
13217 FOX RUN $610,000 $508,200 4 3 2,706 DETACHD 6/23/2008 160

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.

Open Houses for Sunday, Feb. 8, 2009

Ok… no weather predictions from me this time! …Although I hear it’s supposed to be dry & partly cloudy/sunny till the late afternoon on Sunday… Ok, I couldn’t help myself.

There are 25 properties on the Open House list for Sunday. Nearly all of them are detached single family residences.  SW 62nd Ave. is a Portland address with Lake Oswego Schools designation.

Here are those that will be held open according to RMLS:

45 Oswego Summit           $139,900   1 Bd,   1 Ba         Open 1-3

13561 SW 62nd Ave         $294,900   3 Bd,  1  1/2 Ba   Open 10-11:30

4458 Thunder Vista Ln      $319,000    3 Bd,  2  1/2 Ba  Open 12-3

820 McVey Ave                  $335,000   3 Bd,   1  1/2 Ba   Open 1- 3

14371 Holly Springs Rd   $414,900     4 Bd,   2  1/2 Ba  Open 2-4

1651 Larch St                  $429,000     4 Bd,        3  Ba   Open 1-3

15  Masaryk St                 $429,900    4 Bd,        3 Ba    Open 12-3

14431 Orchard Springs Rd$439,900 3 Bd,   2 1/2 Ba    Open 2-4

3 Cellini Ct                        $465,000   4 Bd,  2 1/2 Ba     Open 12-3

14498 Camden Ln            $469,900   4 Bd,   2 1/2 Ba    Open 12-3

5807 Ridgetop Ct             $539,900   5 Bd,   2 1/2 Ba    Open 1-4

624 Livingood Ln              $574,900   3 Bd,         3 Ba     Open 1-3

3254 Duncan Dr               $599,900   4 Bd,    3  1/2 Ba    Open 2-4

17706 Marylbrook Dr        $685,000   3 Bd,  2  1/2 Ba      Open 1-4

15713 Tara Pl                   $729,000   4 Bd    2  1/2  Ba    Open 12-2

15195 Lily Bay Ct              $875,000   4 Bd,   2  1/2 Ba     Open 1-4

18051 Kelok Rd                 $899,000    5 Bd,   3 1/2 Ba     Open 1-4

3030 Westview Ct            $984,500   3 Bd,  2  1/2 Ba     Open 12:30-1:45

1619 Bay View Ln             $959,000   5 Bd,    3  1/2 Ba   Open 1-3

3600 Southshore Blvd      $999,000   3 Bd,  2  1/2 Ba     Open 2:30-4:30

943 SW Atwater Rd         $1,150,000   4 Bd,   2  1/2 Ba   Open 1-4

16359 Chapin Way          $1,398,000    4 Bd,   3 1/2 Ba  Open 1-4

15905 Oswego Shore Ct $1,590,000   4 Bd,  3  1/2 Ba   Open 1-3

1799 SW Atherton Dr       $1,595,000    5 Bd,   5 1/2 Ba  Open 2-4

2500 Glen Eagles Rd        $2,695,000   5 Bd,   4  1/2 Ba Open 1:15-4

Market Activity for January 26 thru February 1, 2009

Last week’s market activity appears to be falling in line with the painfully slow, but still happening, increase in real estate activity that normally occurs in late January and early February. There were 16 new listings, 5 pending sales, and 3 closed sales.

NEWLY LISTED (January 26, 2009 – February 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
44 EAGLE CREST DR $114,950 1 1 798 CONDO 1/29/2009
4 TOUCHSTONE DR $141,750 3 2.1 1,351 CONDO 1/26/2009
205 CERVANTES $164,900 2 2.1 1,216 CONDO 1/27/2009
16651 LAKE FOREST BLVD $287,900 2 1 1,230 DETACHD 1/27/2009
1684 BOCA RATAN DR $314,900 3 2 1,611 ATTACHD 1/30/2009
16 PARTRIDGE LN $418,900 3 2.1 2,304 DETACHD 1/30/2009
668 MCVEY AVE $460,000 3 1.1 992 CONDO 1/28/2009
340 8TH ST $575,000 3 2 1,992 DETACHD 1/26/2009
5535 BAY CREEK DR 580000 4 2.1 2,328 DETACHD 1/29/2009
4941 HASTINGS DR 589000 4 2.1 2,530 DETACHD 1/29/2009
17154 LOWENBERG TER 849900 5 3.1 3,350 DETACHD 1/29/2009
17281 LOWENBERG TER 849900 4 3.1 3,035 DETACHD 1/29/2009
17110 LOWENBERG TER 850000 4 2.1 2,678 DETACHD 1/26/2009
645 COUNTRY CLUB RD 899000 4 2.1 3,262 DETACHD 1/26/2009
17364 RIDGEVIEW CT 1425000 4 3.1 4,436 DETACHD 1/30/2009
112 NORTHSHORE CIR 2850000 4 4.2 3,558 DETACHD 1/26/2009

PENDING SALES (January 26, 2009 – February 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
3433 MCNARY PARKWAY $184,500 2 2.1 1,208 CONDO 105
2071 BONNIEBRAE DR $314,995 3 2 1,611 ATTACHD 226
353 ASH ST $409,900 3 3.1 2,765 DETACHD 434
12974 KNAUS RD $450,000 3 3.1 3,792 DETACHD 131
5441 DENTON DR $599,000 3 2.1 3,331 DETACHD 242

SOLD (January 26, 2009 – February 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
1120 HALLINAN CIR $365,000 $332,000 3 2 1,600 DETACHD 153
5254 TIMBERGROVE ST $399,500 $365,000 4 2 1,854 DETACHD 87
17845 HILLSIDE WAY $628,500 $560,000 5 3 2,820 DETACHD 263

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.

Open Houses for the weekend of 1/31-2/1

This being Superbowl Sunday, the list of open houses is fairly short. However, if you are not a football fan, getting out and touring some homes may be just the diversion you are looking for.

On Saturday, January 31st, there are two houses promoted to be open on the RMLS:
17960 Ridge Lake Dr, $669,000, 4 BR, 2.5 BTHS, open 12-2
15713 Tara Place, $729,000, 4 BR, 2.5 BTHS, open 1-3

On Sunday, February 1st, there are four houses promoted to be open on the RMLS:
86 Kingsgate Rd, $169,900, 2 BR, 2 BTHS, open 1-2:30
1650 Fircrest Dr, $399,000, 4 BR, 3 BTHS, open 1-3
745 4th St, $579,000, 3 BR, 2 BTHS, open 12-2
13222 Deerfield Ct, $649,000, 4 BR, 2.5 BTHS, open 1-3

Have a great weekend!

Lake Oswego Hunt

lohuntLake Oswego is home to a very unique and beautiful facility, Lake Oswego Hunt.  The Lake Oswego Hunt is an equestrian training program and a riding school for children and adults of all ages.  Unlike many facilities that focus on one discipline, Lake Oswego Hunt works with Combined Training, Dressage, and Hunter/Jumper.  So if you have a love for horses, and you want to have access to horses in your life, there is a way to do that here in Lake Oswego.

While I love the beauty of horses, and have ridden horses on a couple of occassions, what I love about Lake Oswego Hunt is the gorgeous arena and barn.  As you drive along Iron Mountain Blvd. you can not help but notice the beautiful white barn and fences tucked into 19 acres of meadow at the base of Iron Mountain.  It is just extremely picturesque.

Built in 1936, the indoor arena is the largest and oldest bow-truss structure West of the Mississippi.  It is 90′ x 220′.  When you look up at the roof from inside you can not help but be struck by the barrel vaulting.  There are cathedrals in Europe with similar ceilings.  This one just happens to be made out of wood.  In 1987 this unique structure was recognized with a listing on the National Registry of Historic Places.  There is currently a very active effort being made to preserve and to restore the building.  A Historic Preservation Committee has been formed that is hard at work to keep this facility in good repair.

horsestallsWhen I stopped in to visit the Lake Oswego Hunt, besides the beautiful arena and barn, I was also struck by the warmth and friendliness of the people that I met.  Everyone was gracious and welcoming.  I was very taken with the attitude that this is a place that wants to be a part of our community.  They made it very clear that they love to have people come in and that they are happy to give you a tour.  Along with a calendar of events that includes horse shows and parties, there are occassional open houses that invite the general public to come and see what is happening at Lake Oswego Hunt.  The next open house is scheduled for February 7th, from 9am to 5pm.

There are a couple of ways to be a part of Lake Oswego Hunt.  You can join as a full member and have the ability to board your horse and have full access to the club room and all of the facility.  You can also join on a social membership to enjoy the horse shows and be a part of the social programs that include brunches and parties.  Finally, the riding school is open to the public.

I have a love for old buildings and architecture.  I think that Lake Oswego Hunt is a facility that is deserving of our support.  If you’ve never visited, stop by.  I think you’ll be impressed by what you see.  If you’d like more information, you can visit the Lake Oswego Hunt website by clicking here.

Market Activity Report – January 19-25, 2009

News today indicates a “Surprise to the Upside” in US housing sales.

Check it out: http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/us-home-sales-surprise-to-the-upside-2009012676338/

Here in Lake Oswego we have a total of 20 properties newly on the market as of this last week, and 7 pending sale as of the same week. I culled any property listed as “new” that had not been off the market for at least 30 days, and many of those categorized as such below are brand new listings.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (January 19—January 25, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Beds # Baths Tot. SF Prop Type List Date
26 CRESTFIELD CT $172,700 2 2 995 CONDO 1/23/2009
13880 SUNDELEAF DR $234,500 2 1 976 DETACHD 1/23/2009
666 9th ST $425,000 2 1 1,850 DETACHD 1/23/2009
14431 ORCHARD SPRINGS RD $439,900 3 2.1 1,960 CONDO 1/23/2009
3 CELLINI CT $465,000 4 2.1 2,531 DETACHD 1/19/2009
39 SPINOSA $479,900 3 2.1 2,069 DETACHD 1/21/2009
627 1ST ST $499,000 2 2 2,090 DETACHD 1/25/2009
2360 GREENTREE RD $499,995 3 2.1 2,207 DETACHD 1/21/2009
14 NORTHVIEW CT $537,500 4 3.1 3,279 ATTACHD 1/22/2009
3745 TEMPEST DR $547,500 4 3 2,834 DETACHD 1/21/2009
14412 MEADOW GRASS ST $575,000 4 2.1 3,563 DETACHD 1/19/2009
554 5TH ST $759,000 3 3.1 2,166 ATTACHD 1/19/2009
556 5TH ST $759,000 3 3.1 2,166 ATTACHD 1/19/2009
15847 SPRINGBROOK CT $938,000 3 3 2,705 DETACHD 1/19/2009
730 KENOLA CT $1,085,000 4 3.1 4,319 DETACHD 1/19/2009
2326 Oswego Glen CT $1,495,000 4 4 4,178 DETACHD 1/20/2009
15905 OSWEGO SHORE CT $1,590,000 4 4 3,869 DETACHD 1/19/2009
1098 CHANDLER RD $2,195,000 4 3.1 3,696 DETACHD 1/21/2009
18414 RIVER WOODS PL $2,999,000 4 4.2 6,498 DETACHD 1/23/2009
17110 LOWENBERG TER $850,000 4 2.1 2,678 DETACHD 1/22/2009

PENDING SALES (January 19—January 25, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type List Date CDOM
4 TOUCHSTONE DR $114,000 2 2 984 CONDO 1/10/2009 11
3668 SPRING LN $199,900 2 2 1,120 CONDO 1/6/2009 16
1400 PARRISH ST $297,500 3 2.1 1,880 CONDO 9/1/2008 143
4672 WINTHROP CT $399,900 3 2 1,680 DETACHD 9/30/2008 114
1480 HEMLOCK ST $428,850 4 3 2,246 DETACHD 3/24/2008 305
6067 CLAIRMONT CT $529,000 4 2.1 2,344 DETACHD 1/12/2009 11
17561 SHEPHERDS CT $675,000 4 2.1 3,011 DETACHD 5/15/2008 347

SOLD (January 19—January 25, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # Beds # Baths Total SF Prop Type List Date CDOM
13915 SUNDELEAF DR $998,000 $895,000 4 3.1 4,090 DETACHD 10/1/2008 797

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.

Market Activity for January 12-18, 2009

Here is your market activity report for last week. There are 17 new listings, 9 pending sales, and 2 closed sales. When I did my search for new listings the report originally contained over 50 properties, which seemed way high to me. So I explored the market history on each of them and found that only 17 were truly new listings and all of the rest were old listings that were pulled and then re-listed with new RMLS numbers to “refresh” them. It’s a common practice to stimulate sales activity. However, I think it is helpful to see what is a actually a new listing versus this marketing technique. I can not promise that time will always permit me to take this extra step, but when I can, I will. I was also pleased to see 9 pending sales, which is a bit of a gain over what we were seeing in the holidays.

NEWLY LISTED (January 12, 2009 – January 18, 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
57 GALEN ST $129,500 1 1 689 CONDO 1/17/2009
136 OSWEGO SMT $142,000 1 1 764 CONDO 1/15/2009
4 TOUCHSTONE DR $194,900 3 2.1 1,351 CONDO 1/13/2009
545 HEMLOCK ST $339,900 3 1.1 984 DETACHD 1/12/2009
3 SAINT HELENS CIR $359,000 2 2 1,472 DETACHD 1/12/2009
1234 MAPLE ST $379,000 3 2 1,947 DETACHD 1/14/2009
1052 YATES ST $389,900 3 1.1 1,286 DETACHD 1/12/2009
14498 CAMDEN LN $469,900 4 2.1 1,918 DETACHD 1/15/2009
6067 CLAIRMONT CT 529000 4 2.1 2,344 DETACHD 1/12/2009
1862 KILKENNY DR 549900 3 2.1 2,485 DETACHD 1/15/2009
827 5TH ST 550000 3 2 2,124 DETACHD 1/16/2009
745 4TH ST 579000 3 2 2,662 DETACHD 1/12/2009
4116 ORCHARD WAY 683950 5 3.1 4,078 DETACHD 1/16/2009
15713 TARA PL 729000 4 2.1 3,442 DETACHD 1/17/2009
13601 GOODALL RD 875000 3 1.1 2,662 DETACHD 1/14/2009
17404 BERGIS FARM DR 1297000 5 4.1 5,394 DETACHD 1/17/2009
13770 CAMEO CT 2298000 4 5.1 6,929 DETACHD 1/14/2009

PENDING SALES (January 12, 2009 – Janaury 18, 2009, 2008)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price #BR #BTHS Total SF Prop Type CDOM
5225 JEAN RD $189,875 2 2 1,100 CONDO 168
6291 HARRINGTON AVE $249,900 3 2 1,472 DETACHD 99
4451 BERNARD ST $349,950 3 2 1,800 DETACHD 190
5079 W SUNSET DR $379,950 2 2.1 1,760 ATTACHD 336
18971 INDIAN SPRINGS CIR $399,950 3 2 1,525 DETACHD 9
4 BRITTEN CT $429,000 3 2.1 1,972 ATTACHD 74
1265 ROCKINGHORSE LN $444,000 4 3 2,402 DETACHD 189
5364 LANGFORD LN $715,950 3 2.1 3,022 DETACHD 258
14270 EDENBERRY DR 749900 4 2.1 2,935 DETACHD 104

SOLD (January 12, 2009 – January 18, 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
7050 CHILDS RD $498,000 $385,000 2 2 1,693 DETACHD 573
2584 PARK RD $679,000 $480,000 4 2 2,302 DETACHD 279

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.