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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The Beaver Creek Natural Area, which was dedicated in the Spring of 2010, has already become one of the brightest gems in the crown of attractions on the Central Oregon Coast. More than 300 acres of marsh, uplands and meadows in this coastal waster shed provides an [...]
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Sales are increasing slightly in the current market. Lenders are becoming more able to fund new loans and interest rates remain below 5% in most cases. Requirements are stringent with regard to Buyer qualifications of excellent credit and income. Once these hurdles are jumped new loans are moving fairly swiftly [...]
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The crowning jewel is about to be mounted in the crown of the Oregon Coast Community College. A new Aquarium Science building is slated to be completed this fall to support the OCCC’s nationally-recognized Aquarium Science Program and other animal husbandry initiatives. The project’s use of recirculated heat from the laboratories and [...]
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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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