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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The number of closings on the Oregon Coast is holding fairly steady for 2011 as Sellers begin to understand the pricing philosophy that Realtors have been promoting for many years. The days of overpricing and hoping to negotiate to a lower price [...]
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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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One of the “must stop” sites in Newport is actually two. The Rogue Ales Brewery in South Beach on Yaquina Bay and Rogue Ales Brew Pub on the Bayfront. In the brewery tours are available of the unique process of creating handcrafted beers and ales which incorporates [...]
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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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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 [...]
