Lake Oswego Market Activity – March 30th – April 5th, 2009

blogtreeOk, things are starting to get interesting- Lake Oswego saw 29 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). All told, there were 45 that are either truly new, or have been “freshened” showing as new listings. (Dianne and I will have plenty to see on tour tomorrow!) We had 7 go pending, and 6 that closed, so sales remain steady for now at this rate.

The headlines read: “Mortgage Rates Drop to Record Lows”. According to Bankrate.com, the benchmark 30-year fixed-rate mortgage has dropped 6 basis points to 5.13%. The benchmark 15-year, fixed-rate mortgage fell 7 basis points to 4.73%. Mortgage rate applications are up, and many are taking advantage of the 2009 $8,000. tax credit for first time buyers. (Click here for more info from the NAR.)

We can expect to see these factors start to significantly affect market activity. The rise in the number of new listings appears to indicate renewed confidence along with seasonal upswing, and consistent sales activity likely indicates pent-up demand starting to surface, as you’d expect with the incentives of low rates and plentiful options.

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

NEWLY LISTED (March 30—April 5, 2009)

Address List Price # Beds # Baths Tot. SF Prop Type List Date
Address List Price # Beds # Baths Tot. SF Prop Type List Date
Address List Price # Beds # Baths Tot. SF Prop Type List Date
47 EAGLE CREST DR $132,900 2 1 932 CONDO 4/2/2009
86 KINGSGATE RD $155,000 2 2 849 CONDO 4/2/2009
86 KINGSGATE RD $159,900 2 2 924 CONDO 4/3/2009
86 KINGSGATE RD $169,000 2 2 849 CONDO 3/31/2009
165 OSWEGO SMT $199,900 2 2 1,383 CONDO 4/3/2009
4230 COLLINS WAY $289,000 3 2 1,512 DETACHD 4/1/2009
4465 GOLDEN LN $299,900 2 2.1 1,980 CONDO 4/2/2009
6025 SW CARMAN DR $299,900 3 1.1 1,346 DETACHD 4/5/2009
18929 TERRY AVE $374,950 4 2 2,065 DETACHD 3/30/2009
19060 INDIAN SPRINGS CIR $399,900 3 2 1,525 DETACHD 4/1/2009
37 BERWICK RD $425,000 5 2 2,198 DETACHD 3/30/2009
13470 PETERS RD $474,900 3 2.1 2,324 ATTACHD 4/1/2009
2650 DELLWOOD DR $499,000 4 3 3,238 DETACHD 4/1/2009
161 C AVE $549,900 2 2.1 1,719 ATTACHD 4/1/2009
6110 CHILDS RD $550,000 4 3 3,258 DETACHD 4/1/2009
400 LAKE BAY CT $579,900 3 2.1 1,680 DETACHD 4/1/2009
2830 PARK RD $625,000 4 3.1 3,116 DETACHD 3/31/2009
2188 OVERLOOK DR $639,900 4 2.1 2,618 DETACHD 3/30/2009
246 GREENWOOD RD $674,900 3 3 2,125 DETACHD 4/1/2009
15671 VILLAGE DR $724,000 3 2.1 3,390 DETACHD 4/2/2009
16616 LAKE FOREST BLVD $750,000 4 2.1 3,314 DETACHD 4/1/2009
15543 VILLAGE DR $799,000 4 2.1 3,081 DETACHD 3/31/2009
17215 LOWENBERG TER $850,000 4 2.1 2,819 DETACHD 4/2/2009
13711 FIELDING RD 789000 – 898876 3 4 4,649 DETACHD 3/30/2009
511 6TH ST $988,000 5 3.1 4,000 DETACHD 4/2/2009
917 Evergreen ST $1,000,000 4 3.1 2,700 DETACHD 3/30/2009
17960 SARAH HILL LN $1,179,000 5 3.1 4,800 DETACHD 4/1/2009
1099 TROON RD $1,250,000 5 3.1 3,938 DETACHD 3/30/2009
13371 ATWATER LN $1,299,900 4 3 4,795 DETACHD 4/5/2009

PENDING SALES (March 30—April 5, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address List Price # Beds # Baths Tot. SF Prop Type List Date CDOM
Address List Price # Beds # Baths Tot. SF Prop Type List Date CDOM
3844 BOTTICELLI ST $219,900 2 2 1,132 CONDO 3/31/2009 5
18307 LONGFELLOW AVE $329,900 3 2 1,457 DETACHD 8/23/2008 222
785 5TH ST $399,900 3 2 2,208 DETACHD 11/18/2008 132
13581 GOODALL RD $550,000 3 2 1,220 DETACHD 10/10/2008 575
5772 BAY CREEK DR $574,500 4 3 3,242 DETACHD 2/5/2009 58
12611 BOONES FERRY RD $599,900 5 3.1 4,042 DETACHD 2/17/2009 142
2900 WEMBLEY PARK RD $697,000 4 2.1 3,383 DETACHD 3/31/2009 4
               

SOLD (March 30—April 5, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address Orig Price Sale Price # Beds # Baths Tot. SF Prop Type List Date CDOM
Address O/Price Close Price # Beds # Baths Tot. SF Prop Type CDOM
4 TOUCHSTONE $129,900 $125,000 2 2 979 CONDO 192
4470 CHAPMAN WAY $380,000 $310,000 3 3 2,125 DETACHD 188
2800 WEMBLEY PARK RD $374,500 $342,000 3 2 1,575 DETACHD 10
1228 HALLINAN CIR $389,000 $375,000 4 2 1,932 DETACHD 7
625 CLARA CT $587,500 $542,000 3 2.1 2,532 DETACHD 297
13222 DEERFIELD CT $649,000 $600,000 4 2.1 3,022 DETACHD 331
               
               

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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.

Lake Oswego Open Houses – Sunday, April 5th 2009

It is supposed to by sunny and near 70 degrees on Sunday. Get out there and have some fun!  If looking at properties is on your agenda, there are 12 to see on Sunday in Lake Oswego.  Enjoy!

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

18791 Indian Creek Way$439,900    3 Bd,   2 Ba       Open 1-3

3311 Fir Ridge Rd           $459,000     3 Bd,   2 1/2 Ba Open 1:30-3:30

41 Hillshire Dr                 $499,000     4 Bd,    3 Ba       Open 1:30-3:30

4691 Chelsea Ln            $619,900     4 Bd,    2 1/2 Ba Open 1-3

5868 Suncreek Dr          $694,000     4 Bd,   2 1/2 Ba   Open 1-3

2900 Wembley Pk Rd     $697,000     4 Bd,   2 1/2 Ba  Open 1-3

2 Grouse Ter   $799,000-$850,000    4 Bd,   3  Ba       Open 2:30-4

3030 Westview Ct         $948,000     4 Bd,   2 1/2  Ba  Open 2:30-4:00

13237 Knaus Rd             $999,000    3 Bd,   3 1/2  Ba  Open 1:30-3:30

3114 Douglas Cir          $1,795,000   4 Bd   4 Ba          Open 1-3

975 Lake Front Rd      $1,899,000     3 Bd,   3 Ba         Open 2:30-4:00

2500 Glen Eagles Rd  $2,695,000      5 Bd,   4 1/2 Ba Open 12:15-3:30

Market Activity for March 23 to 29, 2009

Last week was spring break for the Lake Oswego School District and it kept the market a bit quiet.  15 new listings, 6 pending sales, and 2 closed listings made for a rather slow week.  That being said, once spring break is over, it is traditionally the time of year when the market picks up steam.  The daffodils are in full bloom with tulips and rhododendrons soon to follow.  Houses really look good in the spring and many home owners time selling their homes around the season when their yards show their home at its best.  Both new listings and pending sales should pick up as the weather improves.

Here is your summary of last weeks activity:

NEWLY LISTED (March 23—March 29, 2009)

Address List Price # Beds # Baths Tot. SF Prop Type List Date
7 CRESTFIELD CT $115,000 1 1 689 CONDO 3/28/2009
1033 YATES ST $199,900 4 3.1 2,500 DETACHD 3/26/2009
3433 MCNARY PKWY $199,950 2 2.1 1,208 CONDO 3/27/2009
4041 JEFFERSON PKWY $229,000 1 1.1 1,041 ATTACHD 3/26/2009
4316 BOTTICELLI ST $274,900 3 2.1 2,098 CONDO 3/23/2009
103 KINGSGATE RD $319,000 3 2.1 1,352 DETACHD 3/27/2009
5 PEACOCK PL $330,000 4 2.1 1,760 DETACHD 3/29/2009
3290 WEMBLEY PARK RD $379,000 5 3 2,614 DETACHD 3/23/2009
17311 ASHLEY CT $385,000 4 2.1 2,160 ATTACHD 3/27/2009
18601 WAXWING ST $447,000 4 2 1,908 DETACHD 3/27/2009
1250 PINE ST $499,000 4 3 2,856 DETACHD 3/26/2009
17859 HILLSIDE WAY $539,000 5 3 3,418 DETACHD 3/23/2009
12647 SW 21ST CT $649,900 5 2.1 3,212 DETACHD 3/23/2009
1918 INDIAN TRAIL $1,095,000 3 3 3,094 DETACHD 3/25/2009
3545 RED CEDAR WAY $1,350,000 5 4.5 4,625 DETACHD 3/24/2009

PENDING SALES (March 23—March 29, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address List Price # BR # BTHS Total SF Prop Type CDOM
47 EAGLE CREST DR $137,900 2 1 947 CONDO 56
5831 SEVILLE AVE $199,900 4 1 1,320 DETACHD 211
6317 CARMAN DR $219,900 3 1.1 1,344 DETACHD 168
5235 OAKRIDGE RD $304,900 3 2.1 1,576 DETACHD 129
13805 REGENCY CT $399,000 4 2.1 2,045 DETACHD 29
17960 RIDGE LAKE DR $634,900 4 2.1 3,124 DETACHD 271

SOLD (March 23—March 29, 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
4 TOUCHSTONE DR $194,900 $153,000 3 2.1 1,351 CONDO 45
16840 ALDER CIR $1,749,000 $1,555,000 4 2.1 3,563 DETACHD 249

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. CDOM stands for cumulative days on market, which includes any re-listing and measures from the initial listing date.

Lake Oswego Open Houses – Sunday, March 22, 2009

There are 15 properties to see on Sunday in Lake Oswego.  Enjoy!

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

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

47 Eagle Crest Dr #12    $139,900     2 Bd,    1 Ba      Open 1-4

11 Oswego Summit         $194,900     2 Bd,    2 Ba     Open 1-3

750 1st St  #23              $197,500     2 Bd,    2 Ba       Open 2-4

166 Oswego Summit      $229,900     2 Bd,    2  Ba      Open 1-3

197 Oswego Summit      $264,197      2 Bd,    2  Ba     Open 1-3

5096 SW Tree St            $334,900      3 Bd,    1 1/2 Ba   Open 2-5

5785 SW Carman Dr       $364,800    3 Bd,    1 1/2  Ba  Open 1-3

5675 Childs Rd               $419,000     2 Bd, 2 1/2  Ba  Open 1-4

1462 Worthington St     $424,000      4 Bd,     3 Ba        Open 3-5

1009 Cumberland Pl      $469,000      4 Bd,     3 Ba      Open 1-4

3254 Duncan Dr             $575,000      4 Bd   3 1/2 Ba Open 2-4

17950 Ridge Lake Dr    $634,900        4 Bd   2 1/2 Ba  Open 12-2

18051 Kelok Rd             $899,000        5 Bd  3 1/2 Ba  Open 3:30-5:30     

17282 Lake Haven Dr  $1,349,950      4 Bd   2 1/2 Ba  Open 1-3

Market Activity for March 9-15, 2009

Last week in Lake Oswego there were 16 new listings, 8 houses that went pending, and 2 closed sales.  A trend I have been watching appears to be continuing.  When I look at Days on the Market, it seems like houses are either selling very quickly or very slowly.  3 of the 7 pending sales went into escrow in a week or less of market time. 3 more sold within about 2 months.  The last two had extended market time of 236 and 426 days.  Of the closed sales, one sold in 4 days and one sold in 243 days.  I think this is reflective of changing attitudes of sellers.  People who listed their homes in late 2007 and early 2008 are being stubborn about accepting the decline in values that has occured and are either sitting on high prices or dropping prices in such away that they are behind the market trends.  Whereas sellers listing today, who are listening to their Realtor and pricing their homes at values that will meet market conditions, are realizing quick sales at or near their asking prices.   Buyers are smart.  They are watching the market and recognizing value when they see it.  Correct pricing is King.

NEWLY LISTED (March 9—March 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
4 TOUCHSTONE $159,900 3 2.1 1,350 ATTACHD 3/11/2009
4000 CARMAN DR $184,500 2 2 1,100 CONDO 3/9/2009
166 OSWEGO SMT $229,900 2 2 1,506 CONDO 3/13/2009
668 MCVEY AVE $260,000 3 1.1 985 CONDO 3/12/2009
140 TOUCHSTONE CT $339,900 3 2.1 1,964 ATTACHD 3/12/2009
4366 WOODSIDE CIR $349,000 3 2 1,762 ATTACHD 3/12/2009
16890 CORTEZ CT $349,000 4 3 2,016 DETACHD 3/13/2009
4420 GOLDEN LN $349,000 3 3.1 2,165 ATTACHD 3/10/2009
5402 CARMAN DR 369900 3 1 1,720 DETACHD 3/9/2009
45 TANGLEWOOD DR 399999 5 3.1 3,166 DETACHD 3/12/2009
1462 Worthington ST 424000 4 3 1,800 DETACHD 3/9/2009
2961 DELLWOOD DR 525000 3 3 2,476 DETACHD 3/14/2009
2550 SOUTHSHORE BLVD 550000 4 3.1 3,472 DETACHD 3/11/2009
1699 VILLAGE PARK LN 675000 3 2.2 2,936 DETACHD 3/9/2009
115 BERWICK RD 998000 4 3.1 4,000 DETACHD 3/13/2009
356 9TH ST 1199000 3 3.1 3,647 DETACHD 3/10/2009

PENDING SALES (March 9—March 15, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQFT
PROP TYPE
DOM
Address List Price # BR # BTHS Total SF Prop Type CDOM
4 TOUCHSTONE $76,500 3 2.1 1,351 CONDO 7
127 OSWEGO SMT $184,900 2 2 1,212 CONDO 0
5487 TUALATA CT $259,000 3 2 1,200 DETACHD 236
790 BOCA RATAN DR $259,900 3 2 2,112 DETACHD 35
1140 HALLINAN CT $339,895 3 2 1,875 DETACHD 3
845 LAKE FOREST DR $399,000 3 1.1 1,359 DETACHD 68
662 9 th ST $975,000 5 3.1 4,108 DETACHD 63
14066 Goodall RD $1,629,000 4 3.1 4,220 DETACHD 426

SOLD (March 9—March 15, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM

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Address O/Price Close Price # BR # BTHS Total SF Prop Type CDOM
16978 CANAL CIR $350,000 $350,000 3 2 1,962 DETACHD 4
22 HOTSPUR ST $799,000 $627,325 6 3.1 4,259 DETACHD 243

Criteria: Statistics given above are obtained from the Realtor’s Multiple Listing Service by searching condos, attached homes, manufactured homes and detached homes in the 97034 and the 97035 zip codes. DOM means Days on the Market and CDOM means Cumulative Days on the Market.

Open Houses for Sunday, March 15th

According to the RMLS, there will be 21 houses held open in Lake Oswego this Sunday, including my listing at 4447 Golden Lane in Mt. Park.  It’s a very nice1600 square foot townhouse with 2 bedrooms and 2.5 baths.  I’ll be there from 2 to 5 pm.  I’d love to have you come by.

44 Eagle Crest Dr, $129,900, 798 sq. ft., 1 BR, 1 BTH, open 1-3

4447 Golden Ln, $264,900, 1600 sq. ft., 2 BR, 2.5 BTHS, open 2-5

5054 Foothills Dr, $278,500, 1312 sq. ft., 2 BR, 2 BTHS, open 1-3

1685 Mapleleaf Rd, $365,000, 1433 sq. ft., 3 BR, 2 BTHS, open 1-4

15 Masaryk St., $375,000-$399,000, 3680 sq. ft., 4 BR, 3 BTHS, open noon-3

5675 Childs Rd, $419,000, 1644 sq. ft., 2 BR, 2.5 BTHS, open 1-4

2838 Greentree Rd, $429,950, 1781 sq. ft., 4 BR, 2.5 BTHS, open 1-3

14431 Orchard Springs Rd, $439,900, 1960 sq. ft., 4 BR, 2.5 BTHS, open 2-4

41 Hillshire Dr, $499,000, 2670 sq. ft., 4 BR, 3 BTHS, open 1:30-3:30

8 Walking Woods Dr, $499,900, 3402 sq. ft., 4 BR, 3 BTHS, open 1-4

5807 Ridgetop Ct, $519,900, 2660 sq. ft., 5 BR, 2.5 BTHS, open 1-4

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

3254 Duncan Dr, $575,000, 3997 sq. ft., 4 BR, 3.5 BTHS, open 2-4

550 Middlecrest Rd, $749,900, 2240 sq. ft., 3 BR, 2.5 BTHS, open noon-2

15422 Boones Way, $879,000, 2586 sq. ft., 4 BR, 2.5 BTHS, open 1-5

18051 Kelok Rd, $899,000, 3670 sq. ft., 5 BR, 3.5 BTHS, open 11-1

3030 Westview Ct, $948,000, 3415 sq. ft., 4 BR, 2.5 BTHS, open 2:30-4

18106 Pilkington Rd, $1,095,000, 3575 sq. ft., 4 BR, 4.5 BTHS, open 11-1

17600 Upper Cherry Ln, $1,163,000, 3867 sq. ft., 4 BR, 3.5 BTHS, open 2-4

100 Girabaldi St, $1,199,000, 4669 sq. ft., 5 BR, 3 full + 2 half BTHS, open 1-4

785 7th St, $1, 290,000, 4043 sq. ft., 4 BR, 3.5 BTHS, open 1-4

Have a great weekend!

3.875% Fixed Rate Mortgages

banner-bankThere is currently in Lake Oswego a very large volume of new construction, “spec” homes that are for sale.  A spec house is a house built by a builder who does not yet have a buyer at the time it is built.  The idea is that they will be able to sell the house while it is being built or as soon after it is constructed as possible.  In a good real estate market it is pretty low risk and allows builders to make a good living.  But when the market is slow, like it is right now, it is extremely high risk and forces builders into bankruptcy and the unsold homes into foreclosure.    There is a local lender, Banner Bank, that is trying to do something about this problem.

What they are doing is offering 30-year, fixed-rate mortgages, at 3.875% (APR is 3.973%) to buyers who purchase one of the spec houses on which they are holding the construction loan.  They have over 250 houses that this applies to in Oregon and Southwest Washington, 46 of which are here in Lake Oswego.

These loans are made possible because Banner Bank has borrowed money from the US Government that is available as a result of the TARP (Troubled Asset Relief Program) money.  While I hate the fact that our country is in the mess that it is currently in, I am pleased to see that the government stimulus is finally trickling down to a tangible level.

The properties upon which these loans can be made here in Lake Oswego inlcude some very nice condominiums in First Addition, a great new neighborhood in Palisades, and quite a few luxury homes.  It really is an opportunity that will benefit people who are ready and able to buy right now.   While standard interest rates are currently hovering at right around 5%, getting an interest rate at 3.875% would have a direct impact on how much house you can afford to buy.  Here’s an example:  buying a $600,000 house, putting 20% down, and getting a standard loan at 5%, would give you a house payment of $2576 (principle and interest).  Using the same scenario, but using the 3.875% interest rate, that same home would now have a payment of $2,257.  The savings in over $300 per month.

This program is available in amounts up to $1,000,000 with no increase in rate for a jumbo mortgage.  A jumbo mortgage in standard lending is a loan amount that is greater than $417,000 and can have interest rates that are substantially higher than rates for homes that are under $417,000.  So the savings becomes even greater if the loan is in the jumbo category.

Buyers do need to qualify for these mortgages with verifiable income and sound credit.  If a buyer has less than 20% to put down, there are additional options for them that involve a slightly higher interest rate of 4.875%.

It is also important to know that this program is currently being offered with a deadline of March 22nd.  The program exists because Banner Bank wants to get these houses sold and they want them sold now.

If you would like additional information about this program, please visit the Banner Bank website by clicking here.  If you would like addtional information about the homes that are for sale and that are offering this financing, please contact either Linda or myself, and we would be happy to send you a list of properties.

Lake Oswego Open Houses – Sunday March 8th, 2009

There are 11 properties to see on Sunday in Lake Oswego.  Enjoy!

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

44 Eagle Crest Dr             $129,900     1 Bd,    1 Ba       Open 1-3

3311 Fir Ridge Rd             $459,000     3 Bd,    2 1/2 Ba Open 1-3

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

624 Livingood Ln              $559,000     4 Bd,    3 Ba       Open 1:30- 3:30

3254 Duncan Dr               $575,000     4 Bd,    3 1/2  Ba Open 2-4

17960 Ridge Lake Dr       $634,900      4 Bd,    2 1/2  Ba Open 1-3

13222  Deerfield Ct         $649,000      4 Bd,    2 1/2 Ba   Open 1-3

5267 Lakeview Blvd         $750,000     4 Bd,    3 1/2  Ba  Open 11-1

14133 Amberwood Cir $750,000-800,000  4 Bd, 2 1/2  Ba  Open 1-4

14067 Goodall Rd        $1,149,000      4 Bd,     3 1/2 Ba    Open 12-4

100 Garibaldi               $1,199,000      5 Bd,   3 & 2 1/2 Ba  Open 2-4

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.