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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Interesting trends are occurring in the Oregon Coast Real Estate Market. Sales have remained level for the past 60 days with an increase in average sale price. Condo and Manufactured home sales have decreased slightly probably due to lack of financing options for Buyers. Residential land sales continue to be [...]
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The Newport Farmer’s Market is in full swing again this year. Saturdays for 9:00 AM to 1:00 PM at 101 and Angle St, right next to City hall in Newport. This is the place to find the very best local produce and fruits and bakery products. Perennials of all sorts as well as vegetable [...]
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July 9th,10th & 11th at the Newport Middle School is the site of an annual event sure to please the whole family. This is the Willamette Agility Group (WAG) trials. In these events, dog athletes and their handlers run a timed course of obstacles including jumps, ramps, tunnels and pole weaving designed to test their speed and agility.
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The number of closed sales in June is down slightly from May while the average price increased. As I see it, the drop in sales is due to the expiration of the “Home Buyer Federal Tax Credit” program. The credit expired on April 30, which led to a higher number of May closings. Congress extended [...]
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It’s here at last. After a bit of political tap dancing by leaders in competing cities, Newport has won the NOAA stamp of approval for the establishment of a new Pacific Fleet Home Port. On 6/4 an official groundbreaking ceremony was conducted to the background noise of earth moving equipment doing site preparation.
Those in attendance [...]
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This Lovely 1925 home in the heart of Newport is an example of a great buy on the Coast. Lots of character and lovingly maintained makes this a perfect home for the young dance teacher and her musician husband who are the new owners. The list to sale ratio is close to 96%, a little [...]
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