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. Â 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. Â The list to sale ratio is close to 96%, a little higher than average due to the unique style of the home. Â 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. Â Short sales are disappearing due to the 10 to 18 month wait for bank approval. Â 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. Â Many of these homes will unfortunately go through the foreclosure process. Â Even in difficult conditions this is an excellent time to Buy on the Oregon Coast.
