Properties are selling on the Coast. The higher price ranges are continuing to be slow when compared to the $250,000 and under bracket. Bank owned homes are selling for lower prices compared to individually owned. We are seeing some welcome movement in the condo segment of the market.
The home I’m featuring from amongst those sold in February is a great example of the variety in home styles and locations we enjoy. Located 20 miles East of Newport near Logsden, this 19+ acres parcel is home to frequent visitors such as the Roosevelt Elk seen grazing in the rear yard.
|
Property |
February 2010 |
Avg Sales Price | Days on Market | Avg % of List to Sale Price |
| Site Built | 27 | $222,309 | 181 | 89% |
| Manufactured | 6 | $188,417 | 163 | 93% |
| Condos | 8 | $147,000 | 123 | 83% |
| Land Residential | 3 | $147,000 | 100 | 92% |
| Multi Family | - | - | - | - |
| Bank Owned | 9 | $208,333 | 143 | 93% |
If you have a desire to establish your own corner of paradise on the Oregon Coast, come on over or give me a call. I’m happy to help.
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