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.

logsden-home-sold-in-feb-2010elk-in-a-logsden-oregon-backyard

Property
Type

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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