1925 Newport home which was listed and sold by Winderemere West Coast Properties in May 2010.
This Lovely 1925 home in the heart of Newport is an example of a great buy on the Coast. Lots of character and lovingly maintained makes this a perfect home for the young dance teacher and her musician husband who are the new owners. The list to sale ratio is close to 96%, a little higher than average due to the unique style of the home. This was not a distressed sale as in bank owned or short sale.
| Property Type | # Sold in May | Average Sales Price | Days on Market | Avg % of List to Sale Price |
| Site Built | 71 | $254,906 | 179 | 94% |
| Manufactured | 5 | $105,780 | 240 | 91% |
| Condos | 1 | $235,000 | 528 | 94% |
| Bank Owned | 11 | $279,190 | 120 | 95% |
We are seeing more closings of bank owned properties as they represent good buys for the informed Buyer. Short sales are disappearing due to the 10 to 18 month wait for bank approval. We can expect to see more bank owned properties come on the market as Sellers are not able to maintain a short sale position for the time required to work through the banking system. Many of these homes will unfortunately go through the foreclosure process. Even in difficult conditions this is an excellent time to Buy on the Oregon Coast.
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