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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Not much change in the prices of sold properties over 2010 as yet. The picture is of a condo that my company had listed and I sold. Great example of a well priced listing in very good condition. This sale was cash which is typical of most of the closed transactions for January. Lenders (banks) [...]
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December brought us the second highest number of closings for a single month in 2010 — exceeded only by May 2010. The number of closings averaged slightly lower than the years’ average which seems to reflect a good Buyer’s market. The sales were predominantly either cash or [...]
Oregon Coast Real Estate is alive and well contrary to popular perceptions. While sales are slower than most Sellers would like properties are closing at realistic and accurate prices. The averages are well in line with previous years even considering the overheated 2005-2007 market. List prices are moderating to levels [...]
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October did not prove to be a particularly active month for closings although there was some activity in Land Commercial and Multi-Family sales. Both of these categories have been flat for several months. The indicator of commercial land investment is a positive note. This is [...]
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If you check out the attached spread sheet (Excel file) you will see market activity since January 2010. The average sale price including bank owned homes is $274,060 and 160 days on the market. The average list to sell ratio is 93%.
These numbers are consistent with prices over [...]
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The market remains very flat in all categories. Historically, August is a very active month with as many as 150-200 closings. Prices are trending downward as Buyers continue to negotiate sale prices well under true market value. On the properties that do sell, we are seeing more Seller concessions in addition to price for extended [...]
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