Oregon Coast real estate sales data – September 2011
The Coastal real estate market remains steady if not exactly vibrant with homes that are priced for the current market getting plenty of activity and offers. As always there is a vast difference between the price the Seller would like to have and the price a [...]
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Activity on the Coast maintained well in August. Selling prices appear to be holding at a ratio of 95% of list to sale price for site built homes. This reflects a serious adjustment on the part of Sellers who have decided to have their homes marketed rather than have them on the market. Average sale prices [...]
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Most real estate professionals agree that the most costly mistake a Seller can make is to over value their property whether it is a home, land or business. Many Sellers are still tempted to overprice the property by several percentage points in order to “have room to negotiate”. This thinking has several serious flaws that [...]
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Sales activity on the Coast is picking up with the season. Prices continue to moderate across the board as Sellers are becoming more willing to price to sell rather than price the property out of the market.
Interest rates remain under 5% on 30 year conventional loans. These loans are there for Buyers who have [...]
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Sales activities in May are improving in numbers and the average sale price is edging up. This is good news for Sellers except for the fact that prices in the market are consistently declining. Traditionally successful real estate transactions are based on a realistic and accurate list price. Correctly priced properties sell faster and [...]
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Central Oregon Coast Property Type Month Avg Sales Price Days on Market Avg % of List to Sale Price Site Built 41 $250,495 194 96% Manufactured 8 $135,500 179 89% Condos 8 $247,562 171 93% Residential Land 4 $60,000 286 77% Multi-Family 0 0 0 0 Bank Owned 12 $245,942 95 95%
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February 2011 proved to be yet another month of good activity on the Coast. Prices are continuing to show the trend which began in 2010, meaning that the closings that occur are somewhat lower priced than historic averages. Interesting to those of us in the real estate business the ratio of list price to selling [...]
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