Oregon Coast Real Estate Blog - Living on the Oregon Coast » admin

April Home Sales on the Oregon Coast

admin — Sun, 02 May 2010 23:48:11 +0000

Oregon coast real estate sales are looking up for Spring. The return of commercial and sport fishing of chinook salmon along the coast for the first time in three years is bound to have an impact on local income and breathe some life in to the local economy.

The Windermere Real Estate Gallery in Seal Rock was pleased to handle this entire home sale in April, representing both buyers and sellers.

Property Type	# Sold in April	Average Sales Price	Days on Market	Avg % of List to Sale Price
Site Built	42	$266,235	236	92%
Manufactured	11	$152,591	158	94%
Condos	4	$239,875	219	90%
Land Residential	5	$177,400	168	87%
Bank Owned	65	$230,807	164	94%

Oregon Coast Beach Cleanup 2010

admin — Tue, 23 Feb 2010 02:01:19 +0000

This year’s Spring beach cleanup is slated for March 20th. Volunteers come on their own or form up in teams on beaches from Astoria to the California border under the leadership of SOLV. This effort brings nearly 4,000 Oregonians out to help keep our beaches in pristine condition for residents and visitors alike. Consider forming a group amongst your friends, family or co-workers this year! Â This effort, which began in 1984, has expanded to a statewide effort and has helped make Oregon a great place to live.

This year, they’ve divided the coastline up into 43 Check-in Locations in 14 Zones. Zones 6, 7 and 8 correspond to the Central Oregon Coast where I live (and play). Each zone has a coordinator who will actually pre-assign a location to groups of 20 or more, so get in touch early if you’re putting together a team.

Zone 6 (Lincoln City & Depoe Bay)
Mark Saelens Â 541-574-1285 (w)
msaelens@co.lincoln.or.us

Zone 7 (Newport)
Charlie Plybon 541-961-8143 (w)
cplybon@surfrider.org

Zone 8 (South Beach through Yachats)
Doug Sestrich 541-867-7451 (w)
doug.sestrich@state.or.us

If you’d rather go to another part of the Coast, hereâ€™s the complete list of the check-in sites and zones. Either way, plan to pre-register online this year (a new feature) to streamline the check-in process.

And while youâ€™re in the neighborhood lending a hand, take time to check out some significant buys here on the Central Oregon Coast. E-mail or give me a call to set up a time to meet.

January 2010 Sales Data: Oregon Coast Real Estate Is Selling

admin — Wed, 03 Feb 2010 05:34:09 +0000

The results for Oregon Coast Real Estate in January 2010 are showing some interesting trends for the start of the year.

Site built sale prices are up slightly over the 2009 average
Manufactured homes are selling for a little less.
Condos remain in the doldrums with lower selling prices.
Land improved slightly in number of sales with flat prices.
Multi family, a fairly rare commodity, is beginning to show up.
As of this month I will begin reporting on bank owned properties.
Days on market indicates that January showed the beginning of a clearing out of some older inventory. Only the manufactured category showed any decrease in days on market.

Property Type	Sold in January	Avg Sales Price	Days on Market	List to Sale Price
Site Built	28	310,375	273	93%
Manufactured	1	112,000	53	97%
Condos	3	202,667	469	83%
Land	9	145,778	264	77%
Multi family	1	200,000	280	80%
Bank Owned	8	278,125	179	95%

If you would like to viewÂ other central Oregon coast homes like this one, please feel free to give me a call at 541-270-3304Â orÂ drop an e-mail my way.

December 2009 Oregon Coast Real Estate Sales Data

admin — Tue, 05 Jan 2010 13:57:05 +0000

The year finished strong with more closings in December than the previous month. December sales follow the trend that began in late Summer: properties that were appropriately priced received a great deal of attention from qualified Buyers. Part of this has to do with the Tax Credit incentives both for first time Buyers and current homeowners. Low mortgage rates combined with these incentives make this an excellent time to invest in Oregon Coast Real Estate. Visit us again over the coming weeks for more detail on Coastal Real Estate Trends and the Tax Credit Incentive Programs.

Property Type	Sold in December	Avg Sales Price	Days on Market	List to Sale Price
Site Built	54	316,441	177	94%
Manufactured	7	175,254	183	96%
Condos	2	274,450	209	90%
Land	11	89,800	199	83%
Multi family	1	174,900	5	86%
Commercial	1	138,000	249	87%

If you would like to viewÂ other central Oregon coast homes like this one, please feel free to give me a call at 541-270-3304Â orÂ drop an e-mail my way.

Opera on the Oregon Coast: The Tales of Hoffman

admin — Wed, 09 Dec 2009 19:56:50 +0000

The Met comes to Newport again with a stellar performance. Â Tony AwardÂ® winner Bartlett Sher (South Pacific) directs this new production. The opera is Offenbachâ€™s fictionalized take on the life and loves of the German Romantic writer E.T.A. Hoffmann — a fascinating psychological journey.

10:00 AM 2:00 PM â€¢ December 19, 2009
Admission General $20 – Senior $17 – Students $10
Newport Performing Arts Center

Call 541-265-ARTS to reserve seats (seating chart)

Our weather is crisp and cold and dry. How about making a trip to see this fabulous opera and enjoy a Winter weekend here on the pristine Oregon Coast?

Favorite Places to Dine on The Oregon Coast

admin — Tue, 17 Nov 2009 03:08:16 +0000

A top favorite of visitors and locals alike is Panache at 2nd and Coast Streets in Nye Beach Newport. This thoughtfully restored 1919 house is a visual treat Â – not to mention the “Northwest Cuisine with a Twist”. This delightful menu is created by Chef Tom and wife Linda and serves up local Northwest seafoods, poultry and meat including locally grown organic greens and vegetables. Yes, it does make a difference. This is the place to go for a true fine dining experience and superb service. The works of local artists are on display and local musicians add to the ambiance. I have been to Panache for both business and social gatherings and never ever have I come away disappointed. There is always something new and creative at Panache. Come on over to Newport and and enjoy the very best.

Oregon Coast Real Estate Sales October 2009: Increased Activity from Informed Buyers

admin — Tue, 03 Nov 2009 03:05:54 +0000

Closings are increasing slightly, with average sales prices hovering between $250,000 and $280,000. People are feeling more optimistic — with good reason: mortgages are coming to the closing table in under 45 days. In addition, the condo market is seeing more closings than we have all year, as banks are willing to make loans on them again.

Property Type	Sold in October	Avg Sales Price	Days on Market	Under Contract
Site Built	57	277,899	181	96%
Manufactured	6	141,917	208	90%
Condos	9	241,611	155	97%
Land	11	80,800	310	68%
Multi family	2	372,500	95	87%
Commercial	2	176,000	478	64%

Even though the Featured Sold Property this month was a Short Sale, we donâ€™t see a lot of distressed properties on the Coast. They are incredibly complicated transactions and I don’t often recommend people pursue this type of purchase. If you’re looking for a bargain — I have many properties I can recommend.Â Just get in touch.

This home sold in October.

Go Fly a Kite! Seriously… at Lincoln City this Weekend

admin — Thu, 08 Oct 2009 01:25:02 +0000

The Fall Kite Festival returns this weekend, October 10th & 11th. This is Lincoln City’s “original” kite festival — it’s 31st to be exact! Come observe demonstrations by expert fliers, let the kids learn how to make their own kites, watch the Running of the Bols, and more. Activities are held at the D-River State Recreation Area – also known as the D-River Wayside.

Come join the fun October 10th & 11th

Return of the Multiple Offer Market: Oregon Coast Real Estate September 2009

admin — Tue, 06 Oct 2009 00:54:34 +0000

There is a pattern of good activity in the price range of $250,000 to $380,000 Â – with some properties getting multiple showings
and even a few multiple-offer situations which have been absent for two years. The prevailing Buyers are those who offer with pre-qualifications or all cash. The key word is to work with your real estate broker and your lender to be fully prepared prior to entering into a sales aggreement. It is a waste of time and money to try and find the perfect property and then figure out how to pay for it. Just as Buyers are more sophisticated so are Sellers. So be prepared to deal.

Property Type	# Sold in Sept	Avg Sales Price	Days on Market	Avg % of List to Sale Price
Site Built	49	$310,288	117	92%
Manufactured	8	$184,438	132	95%
Condo	10	$185,338	155	94%
Land Residential	8	$306,425	77	75%
Multi Family	2	$139,500	115	80%

This home, which sold in September, featured architecture inspired by Mt. Hood's Timberline Lodge. And its location and view were equally inspiring (see picture above left.) If you're looking to buy or build something equally inspiring, get in touch! This wasn't the only spectacular home on the market!

Back out to Sea from Nye Beach

admin — Mon, 17 Aug 2009 01:35:05 +0000

The fishing vessel Lori Ann which ran aground Tuesday 8/11 was successfully pulled off the beach and towed to navigable waters Thursday 8/13. A helicopter carried a line to a tug waiting offshore while the Coast Guard monitored the operation including offloading fuel from the boat leaving some 60 gallons on board to allow the FV to reach port for inspections. All’s well that ends well.