Market Activity for February 23-March 1, 2009

Linda and I work very hard to have our weekly market activity reports posted on Mondays. Yesterday was full of computer challenges and created a delay. So you are getting the report on Tuesday. Thanks for your patience.

Lake Oswego had 16 New Listings, 9 Pending Sales, and 9 Closed Sales:

NEWLY LISTED (February 23—March 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
5063 FOOTHILLS DR $230,000 2 2 991 CONDO 2/23/2009
15010 TWIN FIR RD $294,900 8 4 3,526 DETACHD 2/25/2009
13805 REGENCY CT $419,000 4 2.1 2,045 DETACHD 2/27/2009
16026 PARKER RD $425,000 3 1 1,670 DETACHD 3/1/2009
3311 FIR RIDGE RD $459,000 3 2.1 2,112 DETACHD 2/25/2009
20 NORTHVIEW CT $499,999 3 3.1 2,827 ATTACHD 2/26/2009
2084 RIDGEWOOD RD $519,900 3 2.1 2,117 DETACHD 2/28/2009
12836 SIERRA VISTA DR $529,000 3 2.1 2,166 DETACHD 2/26/2009
3140 ROSEMARY LN 619000 4 2.1 3,000 DETACHD 2/27/2009
17675 CARDINAL DR 699000 3 3 3,458 DETACHD 2/23/2009
17751 MARYLCREEK DR 719000 4 3 3,505 DETACHD 2/23/2009
5868 SUNCREEK DR 749900 4 2.1 3,174 DETACHD 2/23/2009
4114 CASEY CT 949000 4 2.1 3,405 DETACHD 2/27/2009
1176 TROON RD 985000 3 2 3,022 DETACHD 2/23/2009
3203 Southshore BLVD 1299900 4 3.1 3,773 DETACHD 2/23/2009
17147 OLD RIVER DR 2795000 5 4.2 5,961 DETACHD 2/25/2009

PENDING SALES (February 23—March 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
4640 LOWER DR $115,000 2 1.1 1,170 CONDO 572
4 TOUCHSTONE DR $159,500 3 2.1 1,351 CONDO 45
2800 WEMBLEY PARK RD $374,500 3 2 1,575 DETACHD 10
1228 HALLINAN CIR $389,000 4 2 1,932 DETACHD 7
4 OTHELLO ST $399,900 4 3 2,184 DETACHD 111
221 HIDALGO ST $419,500 3 2.1 2,628 DETACHD 54
16919 LAKERIDGE DR $449,900 5 3 2,710 DETACHD 189
762 3RD ST $650,000 3 2.1 2,710 DETACHD 198
1670 PINE ST 679987 4 3.1 3,286 DETACHD 565

SOLD (February 23—March 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
44 EAGLE CREST DR $114,950 $114,950 1 1 798 CONDO 7
86 KINGSGATE RD $145,000 $145,000 2 2 938 CONDO 31
15848 PARKER RD $187,500 $177,000 3 2 1,318 DETACHD 17
1400 PARRISH ST $299,999 $290,000 3 2.1 1,880 CONDO 143
6067 CLAIRMONT CT $529,000 $510,000 4 2.1 2,344 DETACHD 11
5624 SOUTHWOOD DR $740,000 $525,000 4 3 3,120 DETACHD 514
5299 WESTFIELD CT $799,900 $555,000 3 2.1 2,865 DETACHD 156
17561 SHEPHERDS CT $765,900 $589,000 4 2.1 3,011 DETACHD 347
5406 LANGFORD LN 795000 795000 3 2.1 3,341 DETACHD 0

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, March 1st

There are 15 houses being promoted on the RMLS as open houses for this Sunday:

 

5487 Tualata Ct., $264,900-$279,876, 1200 SF, 3 BR, 2 BTHS, open 1-4

4458 Thunder Vista Ln., $319,000, 2200 SF, 3 BR, 2 1/2 BTHS, open 1-4

16 Partridge Ln., $418,900, 2304 SF, 3 BR, 2 1/2 BTHS, open 1-3

14431 Orchard Springs Rd., $439,900, 1960 SF, 4 BR, 2 1/2 BTHS, open 1-4

624 Livingood Ln., $559,000, 2596, 4 BR, 3 BTHS, open 1:30-3:30

3254 Duncan Dr., $575,000, 3997 SF, 4 BR, 3 1/2 BTHS, open 2-4

340 8th St., $575,000, 1992 SF, 3 BR, 2 BTHS, open 1-3

13222 Deerfield Ct., $649,000, 3022 SF, 4 BR, 2 1/2 BTHS, open 1-3

17751 Marylcreek Dr., $719,000, 3505 SF, 4 BR, 3 BTHS, open 2-4

2688 Rivendell Rd., $835,000, 3720 SF, 4 BR, 3 BTHS, open 1-4

15422 Boones Way, $879,000, 2586 SF, 4 BR, 2 1/2 BTHS, open 1-4

2400 Dellwood Dr., $899,000, 3180 SF, 4 BR, 3 BTHS, open 1-3

3030 Westview Ct., $948,000, 3415 SF, 4 BR, 2 1/2 BTHS, open 2:20-4

5677 Bonita Rd., $968,400, 3603 SF, 4 BR, 3 1/2 BTHS, open 2-4

943 Atwater Rd., $1,150,000, 3874 SF, 4 BR, 2 1/2 BTHS, open 1-4

 

I am going to mention the property at the top of the list, on Tualata Ct.  You’ll notice that the pricing is $264,900-$279,876.  This is what is called “value-range pricing”.  The representation is that the sellers will consider offers within that range.  This is a method of marketing that is occassionally used.  I believe it is based upon the theory that the range of pricing will bring in more offers and more quickly.  I don’t know that I buy into that school of thought, but it is why it is done.

Foreclosures vs. Shortsales

   

With the state of the current economy, there is a lot of attention being paid to the volume of foreclosures as well as shortsales.  These are two different situations that are often confused.  I thought it would be helpful to clarify what they are.

 

A foreclosure is a bank-owned property (also referred to as an REO property).  The process of foreclosing on a delinquent home owner has been completed and the bank has the full title to the property and the right to sell that property.  A quick look at foreclosures.com shows the very sobering statistic that in Lake Oswego right now there are 90 bank-owned properties, there are 17 properties in pre-foreclosure (behind in their house payments) and 587 properties scheduled for auction.  When a home owner falls behind in his or her house payments, there is a multi-month process where the homeowner is notified of the delinquency.  The final step of the forclosure is public auction where the mortgage holder takes the property back for the amount of money that is owed on it.  Bear in mind that the process takes about nine months.  Many of the people currently delinquent or scheduled for auction will find a way to either bring their payments up to date, renegoiate the terms of their loan, or sell the property.  So not all of the homes currently delinquent will become bank owned.  I’d also like to put these numbers in perspective.  Lake Oswego has a population of about 35,000 people.  With an average of 2.3 people per household, that is about 15,000 households.  And with 694 households either in pre-foreclosure or already bank owned, that is about 5% of the households.  Yep, that is sobering.

 

A shortsale is a house that has a market value of less than what is owed on it and the home owner is attempting to negotiate with their mortgage holder to take a discounted amount so that the property can be sold at current market value.  In this instance, the sale of the home will require a third-party approval (the bank), and may or may not happen.  The process to get this third party approval can take months (I worked with one that took 6 months), so if you are wanting a home that is a shortsale, be prepared to be patient and realize that the approval may or may not occur.

 

I am often asked how a buyer can find foreclosure and shortsale properties.  The reality is that 99% of them are listed with Realtors and made available on the RMLS.  People who are in distress and trying to sell their home as a shortsale hire Realtors.  And banks with bank-owned properties hire Realtors to sell their inventory of foreclosures.  You don’t need to buy a secret publication or pay for a special list.  These properties are available to the public on the RMLS and any Realtor can gather information on them to help assist you with finding that great deal.

 

Having said that, I have two areas of caution.  First, a foreclosure is a much better prospect for purchase if you have a time-line you are trying to accomplish.  A foreclosed property that is listed for sale can be purchased within a normal transaction period of 30 to 60 days.  Whereas a shortsale can take months and then may not occur at all.  Second, when you buy a foreclosure it really is buyer beware.  Banks make no representations about the condition of the property and often have their own sale agreements with extensive waivers to protect them from any future liablity.  In both circumstances you should be able to make your offer subject to a home inspection.

 

OK, I have a third thought.  Be aware that people who loose their homes are people in financial distress.  They go through an extended period where they have no resources to make their house payment much less fix the leaky roof or remodel the ancient kitchen.  So be prepared to see houses that are dirty and in need of repair.  In addiiton, it is not uncommon for these houses to be stripped of appliances and fixtures.  Not all foresclosures and shortsales are project properties, but many are.

 

So you are looking for the great deal?  Sure, check out the foreclosures and the short sales, but don’t close your mind to the good old homeowner who needs to move and is motivated.  These people will also often sell at great prices, close in a reasonable time frame, and maybe even vaccume the carpet and polish the granite on their way out.  To make the most of the market, look at the entire market.

 

 

 

 

 

 

 

Market Activity Update – February 16 – 22, 2009

Lake Oswego saw 16 new properties hit the market last week (these are properties that are brand new on the market -or- have been off the market for a minimum of 30 days). We had 7 go pending, and 4 that closed.

As in my last Market Activity Report on Feb. 9th, we’ve got a good mix of properties that have been on the market for quite awhile selling and going to Pending status, as well as a good number that have been on the market a relatively short period of time.  For what it’s worth, my interpretation of this is that prices are coming in line with consumer demand, i.e., homes that have been on the market awhile are at prices agreeable to buyers, and newer listings are starting out at prices that are more in line with buyer expectations.  That said, we can’t really see what the Pending sale prices will be until they actually close. So…   stay tuned to the Blotter for that info as it becomes available.

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

NEWLY LISTED (February 16—February 22, 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
44 EAGLE CREST DR $135,900 1 1 798 CONDO 2/20/2009
1615 HALLINAN ST $285,000 3 1.1 1,500 DETACHD 2/17/2009
18543 LONGFELLOW AVE $339,900 3 1.1 1,279 DETACHD 2/16/2009
2800 WEMBLEY PARK RD $374,500 3 2 1,575 DETACHD 2/17/2009
1228 HALLINAN CIR $389,000 4 2 1,932 DETACHD 2/19/2009
200 BURNHAM RD $399,000 3 2 1,960 CONDO 2/18/2009
19210 MAREE CT $415,000 3 2.1 1,634 DETACHD 2/17/2009
221 HIDALGO ST $419,500 3 2.1 2,628 DETACHD 2/16/2009
131 WILBUR ST $450,000 2 2 1,312 DETACHD 2/22/2009
905 COUNTRY CLUB RD 399000 – 458876 3 2.1 2,817 DETACHD 2/19/2009
18055 CENTRAL AVE $495,000 3 1 1,202 DETACHD 2/17/2009
8 WALKING WOODS DR $519,900 4 3 3,402 DETACHD 2/17/2009
497 ASH ST $598,800 6 3 3,840 DETACHD 2/18/2009
4605 CHELSEA LN $752,000 4 2.1 3,411 DETACHD 2/17/2009
1065 LUND ST $869,000 5 3.1 4,584 DETACHD 2/17/2009
17540 RIDGEVIEW LN $1,285,000 4 3.1 4,345 DETACHD 2/19/2009

PENDING SALES (February 16—February 22, 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
17304 MARJORIE AVE $333,000 3 1.1 1,340 DETACHD 2/3/2009 16
178 PINE VALLEY RD $475,000 5 3.1 2,999 DETACHD 2/12/2009 6
964 COUNTRY COMMONS LN $499,000 3 2.1 2,065 DETACHD 1/23/2009 27
4676 WINTHROP CT $557,750 4 2.1 3,112 DETACHD 11/18/2008 172
625 CLARA CT $587,500 3 2.1 2,532 DETACHD 9/4/2008 297
731 F AVE $624,900 4 2.1 2,668 DETACHD 1/16/2009 327
17860 CRESTLINE DR $2,795,000 4 5.2 6,810 DETACHD 10/21/2008 485

SOLD (February 16—February 22, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # Beds Tot. Baths Tot. SF Prop Type List Date CDOM
3 THE GROTTO $300,000 $292,000 3 2 1,688 DETACHD 11/5/2008 274
4451 BERNARD ST $349,950 $330,000 3 2 1,800 DETACHD 10/29/2008 190
4 BRITTEN CT $429,000 $399,000 3 2.1 1,972 ATTACHD 11/4/2008 74
4280 CHAPMAN WAY $469,000 $441,000 3 2 1,947 DETACHD 12/15/2008 105

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 – Sunday, February 22, 2009

There are 18 properties to see on Sunday in Lake Oswego.  Enjoy!

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

5487 Tualata Ct  $264,900-$279,876  3 Bd,    2 Ba         Open 1-4

19251 Indian Creek Ave $335,000     4 Bd,    2 Ba          Open 1-4

18543 Longfellow Av      $339,900      3 Bd,    1  1/2 Ba Open 2-4

1685 Mapleleaf Rd          $365,000      3 Bd,    2 Ba          Open 1- 4

2800 Wembley Park Rd $374,500        3 Bd,   2  Ba         Open 1-3

1260 Larch St                 $399,000      3 Bd,    2 1/2  Ba  Open 2-4

221 Hidalgo St                $419,500      3 Bd,    2 1/2 Ba   Open 1-3

1265 Rockinghorse Ln   $444,000      4 Bd,    3  Ba          Open 1-3

111 3rd St                      $459,900       2 Bd,    2  Ba         Open 1-4

17083 Fernwood Dr       $525,000      5 Bd,     3 Ba         Open 2-4

21 Condolea Dr              $579,000      3 Bd,   2 1/2 Ba    Open 1-3

17960 Ridge Lake Dr     $669,000      4 Bd,   2 1/2 Ba    Open 1-3

15713 Tara Pl                 $699,000   4 Bd,      2  1/2   Ba          Open 12-2

15422 Boones Way        $879,000   4 Bd,  2  1/2 Ba       Open 1-4

3030 Westview Ct          $948,000   4 Bd    2  1/2  Ba     Open 2:30-4

18106 Pilkington Rd  $1,095,000   4 Bd,   3  1/2 Ba     Open 12-2

5250 Dawn Ave            $1,095,900    4 Bd,   3 1/2 Ba     Open 1-3

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

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.

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!