The Landings at Waterford Residential Real Estate Stats for May 2008

The Landings at Waterford Market Report January 1, 2008 through March 31st, 2008

CLOSED SALES	Sq Ft	Bed/Bath	List Price	Sale Price	DOM	Closing Date
7000 Block Bedford Lane	1875	3/2.5	$214,900	$214,900	8	01/07/08
3000 Block Thorndale Loop	1900	3/2	$219,900	$219,900	374	01/10/08
3000 Block Lotze Loop	2525	4/3	$236,585	$219,900	19	01/16/08
4000 Block Princetown Lane	1143	3/2	$153,775	$145,600	130	01/18/08
7000 Block Balta Lane	2563	4/2	$289,230	$306,465	162	01/31/08
7000 Block Bedford Lane	1660	3/2.5	$222,000	$222,000	30	02/01/08
4000 Block Princetown Lane	1152	3/2	$159,895	$160,143	129	02/15/08
4000 Block Bardwell Drive	1143	3/2	$146,700	$146,700	97	02/21/08
3000 Block Lotze Loop	2048	4/3	$199,800	$190,000	54	02/25/08
7000 Block Calamonte Lane	2278	3/2	$184,900	$181,000	56	02/27/08
7000 Block Helms Deep Lane	2536	4/2.5	$289,900	$285,000	14	02/29/08
2000 Block Thorndale Loop	2142	3/2	$279,500	$285,500	56	03/10/08
3000 Block Thorndale Loop	1847	4/2.5	$219,900	$217,900	364	03/14/08
3000 Block Loxton Loop	1617	3/2	$259,900	$250,000	56	03/14/08
7000 Block Balta Lane	2108	4/2.5	$284,900	$287,001	86	03/28/08
3000 Block Loxton Loop	2140	3/2	$289,900	$284,000	20	03/28/08
PENDING SALES	Sq Ft	Bed/Bath	List Price	Sale Price	DOM	Closing Date
3521 Lotze Loop			$186,354	-	156	-
4788 Princetown Lane			$184,400	-	109	-
4444 Bardwell Drive			$166,325	-	109	-
4506 Bardwell Drive			$163,275	-	105	-
4704 Princetown Lane			$180,016	-	104	-
4466 Bardwell Drive			$173,317	-	104	-
4668 Princetown Lane			$157,210	-	102	-
7327 Calamonte Lane			$174,030	-	101	-
4612 Bardwell Drive			$212,770	-	101	-
7903 Banning Lane			$329,900	-	101	-
4586 Princetown Lane			$168,083	-	99	-
4612 Princetown Lane			$165,000	-	99	-
4630 Princetown Lane			$162,500	-	99	-
4470 Princetown Lane			$164,900	-	99	-
4426 Bardwell Drive			$161,900	-	97	-
4450 Princetown Lane			$154,500	-	94	-
4390 Bardwell Drive			$160,610	-	88	-
4686 Princetown Lane			$169,125	-	77	-
4526 Princetown Lane			$155,900	-	73	-
4424 Princetown Lane			$164,210	-	65	-
4488 Princetown Lane			$163,477	-	51	-
4546 Princetown Lane			$165,186	-	37	-
4508 Princetown Lane			$162,705	-	30	-
ACTIVE LISTINGS	Sq Ft	Bed/Bath	Original Price	Current Price	DOM	Price Change
2879 Thorndale Loop	3641	4/2.5	$340,000	$329,860	144	-$10,140
7867 Helms Deep Lane	3974	5/3.5	$394,000	$384,000	119	-$10,000
7976 Carrington Lane	2521	4/2.5	$289,000	$289,000	114	-
3323 Loxton Loop	2515	4/2.5	$384,400	$385,595	113	-$1,195
4045 Lennox Loop	2200	4/2	$295,000	$287,000	109	-$8,000
3487 Manning Loop	2031	4/2.5	$239,900	$239,900	101	-
7790 Fairborne Lane	2031	3/2	$260,870	$260,870	95	-
3402 Lotze Loop	2048	4/3	$200,615	$198,895	91	-$1,720
2910 Thorndale Loop	2638	5/2.5	$293,712	$293,712	88	-
2892 Thorndale Loop	2186	4/2.5	$274,534	$274,534	88	-
7342 Calamonte Lane	1978	4/2.5	$208,335	$204,835	88	-$3,500
7796 Abercrombie Court	2224	4/2.5	$274,900	$268,900	84	-$6,000
4017 Loxton Loop	2071	3/2	$279,900	$259,900	83	-$20,000
4071 Loxton Loop	2013	4/3	$390,000	$390,000	71	-
3325 Thorndale Loop	1472	4/2	$177,000	$174,900	63	-$2,100
3343 Lotze Loop	2048	4/3	$200,150	$200,150	59	-
4201 Wirth Drive	2002	4/2	$242,900	$242,900	52	-
4145 Wirth Drive	1719	3/2	$220,400	$220,400	52	-
4179 Wirth Drive	1722	3/2.5	$220,600	$220,600	52	-
7915 Downing Lane	2553	3/2.5	$286,900	$286,900	52	-
7827 Balta Lane	2036	3/2.5	$245,600	$245,600	52	-
7848 Balta Lane	2475	4/2.5	$280,600	$280,600	52	-
7820 Balta Lane	2718	3/2.5	$299,900	$299,900	52	-
7795 Balta Lane	2016	3/2	$244,000	$244,000	52	-
7877 Balta Lane	2083	3/2	$249,400	$249,400	52	-
7876 Balta Lane	2245	3/2	$262,300	$262,300	52	-
7773 Balta Lane	2012	3/2	$243,700	$243,700	52	-
4566 Princetown Lane	1154	3/2	$168,083	$155,900	51	-$12,183
4701 Princetown Lane	1314	3/2	$171,610	$164,610	38	-$7,000
7463 Bedford Lane	1978	4/2.5	$229,000	$229,000	17	-
4769 Princetown Lane	1101	3/2	$156,610	$156,610	15	-
4657 Princetown Lane	1171	3/2	$158,610	$158,610	15	-
4234 Wirth Drive	2566	4/2	$259,900	$259,900	10	-
L10 B1 Thorndale Loop	2633	4/2.5	$295,000	$295,000	8	-
7867 Carrington Lane	1200	3/2	$166,900	$166,900	1	-
7845 Carrington Lane	1143	3/2	$162,900	$162,900	1	-

There are currently 36 homes for salein The Landings at Waterford, with an absorption rate of 6.8 months. Absorption rate means that if no other homes became available for sale in The Landings at Waterford, it would take 6.8 months to sell the 36 that are currently for sale. Current homes for sale range in price from $155,900 to $390,000. Days on market range from 1 to 144.

If you want your home in The Landings at Waterford to sell in 3 months or less, you must price it lower than any other comparable within The Landings at Waterford and price it in the bottom 1% of prices for surrounding comparables. Don’t forget, new construction is your competition.

Homes that have sold and closed are averaging $120.30 per square foot with an average of 103 days on the market. Current homes for sale are listed for an average of $121.90 per square foot with an average of 62 days on the market as of today. What does this mean? It means that currently listed homes on average are priced appropriately for the market.

Our advise for owners – sell but price competitively. If you are interested in selling your home in The Landings at Waterford, now would be a good time to give it a whirl. As we all know, the market can and does change on a dime, but it appears to be going in the right direction and advantageous to home owners.

If you would like to know the sell-able market value of your home in The Landings at Waterford, connect with us, there is no obligation.

More North Idaho residential real estate stats for May 2008:

County:
Kootenai County

By Town:
Coeur d’Alene/Dalton Gardens | Post Falls | Hayden | Rathdrum/Hauser

By Community:
Coeur d’Alene Place | Harmony Place | Hawks Nest | Sunshine Meadows | The Landings at Waterford | Broadmoore Estates | Best Hill Meadows | Bentwood Park | Armstrong Park | Fieldstone | Prairie Falls | Woodbridge | Avalon Estates | Greensferry Landing | Riverside Harbor | Hunters Glen | Northridge |

Don’t see your community? Let me know.

(Information provided by the North Idaho Dream Team (www.blogcda.com * 208.819.2965). Information deemed reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)