Tualatin Fox Hill Neighborhood Weekly Real Estate Report 1/30/12-2/5/12
This report will only reflect the happenings though from 1/30-2/5 2012, so the changes after this will be reflected in next weeks report.
The current inventory/absorption rate according to the RMLS Market Trend Report is at 3.8 months down from 4.0 which is pretty darn good. A 5-6 month inventory would be considered an even market, anything over this is considered a buyer's market and under a seller's market.
The average days on the market for the Fox Hill neighborhood is currently 138.5 days for all properties (down from 179 in my last report) That breaks down the following way:
*Active Properties: averaged 168 days (this number is skewed by one property that's been on the market for over 360 days while the others are under 198 days.
*Pending Properties: Two properties currently pending on the market for an average of 50 days ** Note this short sale has been pending since 9/1/11 This one is hangin in there! This is a perfect example of how some short sales are LONG to close..on the other hand, the home on 49th Ave. went pending in 3 days!! Nice!!
*Sold Properties: this property was on the market for 166 days.
This report, Two properties new on the market with one of them going pending in 3 days. There were a couple of price reductions as well.
Homeowners..If you're thinking of putting your home on the market, now is a great time! I have buyers looking for homes in this neighborhood..so I'm thinking other agents do too!
Please feel free to contact me with any questions or to schedule showings of any of the properties on the market.
* Info taken from the RMLS (Regional Multiple Listing Service) and can change after this posting.
Tualatin, Oregon (pronounced Tu-aah-la-tin) has several sections and neighborhoods but this post highlights the Fox Hill neighborhood. I will admit that I am partial to it as I had the pleasure of living there for several years and got to know several very nice people. I loved that this was the type of neighborhood that people got to know you and your family..and vice versa.
Fox Hill is tucked behind the Legacy Meridian Park Hospital and is bordered between Borland Rd. and Nyberg Ave. This neighborhood is an established neighborhood with most of the homes having been built in the mid to late 80's.
Sitting in a fantastic location for easy access to both I-5 and I-205, this Tualatin Fox Hill neighborhood has it all. Within minutes you can visit Browns Ferry Park with it's natural bird sanctuary that runs along the Tualatin River. I have walked many a mile here!
Unlike many newer neighborhoods, you will find homes in Fox Hill that have larger lots, mature, established landscaping, and tree lined streets. I have started to see some changing here as many of the original owners are starting to downsize and younger families are moving in
Fox Hill is actually comprised of two seperate sections with SW 50th Ave. being the divider. Fox Hill and Bridgeport section falls in the Tigard-Tualatin school district and Fox Hill Park in the West Linn-Wilsonville School District (although there is a tiny section on Suam Way that is Tigard/Tualatin schools). Both are in Clackamas county whereas most of Tualatin is in Washington county.
I can't talk about Fox Hill without mentioning the annual 4th of July parade. This starts and ends at Bridgeport Elementary and all the neighbors line up every year to watch all the marchers, fireman, and neighborhood police. This is not just for folks that live in here, people from all over Tualatin come for the fun.
If you are looking to move to Tualatin, take a drive through the Fox Hill neighborhood and check it out. Feel free to contact me for more information on any of these homes or Tualatin.
Here are a few links that you might find helpful: