Oregon Coast Real Estate

Central Oregon Coast - Real Estate market activity for March 2012

2012-04-04T20:10:00Z

Market Activity for Central Oregon Coast real estate during March 2012: (information updated on 04/04/12):

Area	*# of homes sold**	*# of homes pending**	Average Sale Price	Average cummulative days on market	# of active listings
Newport	4	4	$184,475	91	107
South Beach	1	2	$290,000	397	16
Depoe Bay	0	2	N/A	N/A	50
Seal Rock	2	2	$302,500	202	16
Waldport	4	8	$140,475	232	108
Yachats	7	3	$254,657	329	46

Homes listed and sold by various member of the MLS
Information provided by Lincoln County MLS. Information is not guaranteed and should be verified by you.

*Residential/site built homes

If you are interested in purchasing beach property, call me at 541.264.0775 or email me for more information.

Oceanfront cottage, sold furnished, in Waldport

2012-03-24T02:26:00Z

Oceanfront Condo - Sold Furnished

• 1,302 sq. ft., 2 bath, 2 bdrm 2 story - MLS® $425,000 - Price Reduced!

Waldport, Lincoln County - Beautiful oceanfront detached residence, featuring 2 bedrooms, 2 baths, 18 inch tiles in entry and kitchen, fireplace, 2 decks, and the easiest beach access right out your back deck; low maintenance and fees; protective CCRs. Vacation rentals allowed. Sold furnished.

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Oceanfront four-plex, 2 Story, For Sale in Waldport

2012-03-24T02:25:00Z

Oceanfront Fourplex - Sold Furnished

• 2,509 sq. ft., 4 bath, 3 bdrm 2 story - MLS® $599,000 - Great price for 4 units!

Waldport, Lincoln County - For the extended family or office getaway vacation home, this oceanfront detached residence offers 4 separate units, 3 bedrooms, 4 baths, one studio; two full kitchens, two efficiencies; and ocean view decks in each unit. One downstairs unit is handicap accessible. Easy beach access and beautiful ocean views. Low maintenance and fees; protective CCRs. Sold furnished.

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Motel and Condos For Sale in Waldport

2012-03-24T02:22:00Z

Oceanfront motel and condos!

• 12,467 sq. ft. commercial "Motel and Condos" - MLS® $2,188,000 - Price Reduced!

Waldport, Lincoln County - Sanderling by the Sea condos and Terry-A-While Motel: 4.65 ac oceanfront, 342 ft frontage, 8 remodeled units, one 4-plex, one 2 bed/2 bath cottage: a total of 20 bedrooms. Plus 4bed/4bath owners quarters. Many units feature slate, tile,corian, beautiful wood finishes.

Explore the opportunities available with this property: sell the completed condos, run the motel, rent units as vacation rentals or corporate retreat. Lots of potential-add oceanfront to your portfolio!

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6 Tips to Sell Your Home

2012-03-16T21:03:00Z

Tip 1: Understand the market. In strong markets, where demand outstrips supply, home sellers can old out for top dollar. In weak markets the reverse is true—there are many homes on the market and unless you price your home very competitively you'll be very unlikely to attract any buyers. Whatever the current market conditions you will be most likely to get the highest possible price if you are willing to take the time to understand each of the components of a successful home sales campaign so you can assure that you, or a real estate service provider who may be assisting you, are doing everything possible to maximize the effectiveness of the home marketing effort.

Tip 2: Aim for low interest rates. A good time to sell is during a period of low mortgage interest rates, because with lower interest rates more buyers will be qualified to buy your home. Low rates benefit buyers and sellers alike, and if you plan to purchase another home after selling yours, you will be both a seller and a buyer. A “sellers market”, where there are more buyers than homes available for sale, is also helpful. However, if you plan to purchase another home in the same area after selling yours, this competitive advantage will work against you when you become a buyer. The same principle applies in reverse to buyers markets, so if you plan to purchase another home in the same area after selling yours, it really makes little difference in the end whether it’s a buyers or a sellers market.

Tip 3: Shine your apple. Make your home look as nice as it can. Have a presale yard sale and get rid of as much clutter as possible. Keep only a minimal amount of furniture in each room—it will make the room look bigger. Store any extra furniture. Clean up and repaint with neutral colors if necessary. Open blinds and replace light bulbs with brighter substitutes. If important parts of your home are outdated consider cost effective updates. If your kitchen or bath is old or in bad shape a prudent remodel can often return over 100 percent of the investment and help you sell the home faster. But don’t over improve. There’s not much point in adding a fourth bathroom to a home that is already worth more than most of the others in the neighborhood.

Tip 4: Study. More money hangs in the balance in the selling of your home than in most financial transactions in your life. It therefore makes sense to learn as much as you can about selling your home. No matter whether you’re a self seller, or have an agent, you need to learn enough to be in command of the process. There are many excellent books on the subject in libraries and bookstores. The real estate sections of local newspapers are great sources of information about your local marketplace. The difference between understanding the process as well as your local market, versus not understanding it, can be many thousands of dollars in the eventual selling price.

Tip 5: Price it right. Price your property realistically, especially in slow markets. When markets are slow buyers are psychologically unprepared to overpay—and they apply stringent standards of value. They will heavily discount many expensive and unusual improvements unless they appeal very strongly to their own personal tastes.

Tip 6: Get it in writing. Make sure you don’t prematurely give away any bargaining leverage. All home purchase agreements must be in writing to be binding. If someone asks if you would take a specific lower figure and you agree, that’s not an enforceable contract. All you have done is to lower your asking price. The correct response should be “I’ll consider all written offers.”

Courtesy of the American Homeowners Foundation and the American Homeowners Grassroots Alliance

For Central Oregon Coast home owners: visit BeachHomesOregon.com/Home Evaluation to request a complimentary market analysis.

Central Oregon Coast - Real Estate market activity for February 2012

2012-03-08T22:11:00Z

Market Activity for Central Oregon Coast real estate during February 2012: (information updated on 03/08/12):

Area	*# of homes sold**	*# of homes pending**	Average Sale Price	Average cummulative days on market	# of active listings
Newport	3	5	$138,000	320	101
South Beach	2	2	$255,000	94	17
Depoe Bay	3	1	$256,633	200	44
Seal Rock	1	0	$192,500	53	15
Waldport	6	9	$258,350	315	105
Yachats	0	6	N/A	N/A	44

Homes listed and sold by various member of the MLS
Information provided by Lincoln County MLS. Information is not guaranteed and should be verified by you.

*Residential/site built homes

If you are interested in purchasing beach property, call me at 541.264.0775 or email me for more information.

Case-Schiller Reports U.S. Home Prices at Post-Crisis Lows

2012-02-29T23:46:00Z

U.S. home prices in December fell to their lowest level since the housing crisis, according to the most recent Case-Shiller Index. The report underscores the fact that the current real estate market still represents a prime opportunity for homebuyers.

The S&P/Case-Shiller 20-city composite fell 1.1 percent in December, resulting in an overall 4 percent downturn for 2011. According to journalist Steve Goldstein in yesterday’s Marketwatch, the index hasn’t been this low since February 2003 and has dropped 33.8 percent from its peak.

All cities saw price declines in December, except for Phoenix and Miami, with Atlanta, Las Vegas, Seattle and Tampa reporting record lows. The data on housing prices contrasts with recent reports on activity, possibly showing that the low prices are actually spurring more home sales, according to the Marketwatch article.

Analysts anticipate the possibility of home prices declining even further as unreleased foreclosure and bank-owned properties—referred to as “shadow inventory”—have yet to hit the market. While the foreclosure inventory has reported signs of decreasing over the past two years, there are still a significant number of distressed properties affecting the marketplace and home prices in general.

Local statistics: For the Central Oregon Coast, Lincoln County area, the number of single family residence properties that were bank owned at time of listing, for the last 3 years are:

Year	2009	2010	2011
# of homes listed that were bank owned	147	178	116

For the first 2 months of 2012: 21 homes were listed that were bank owned.

Lincoln County data:Homes listed and sold by various member of the MLS
Information provided by Lincoln County MLS. Information is not guaranteed and should be verified by you.

Oregon Coast Real Estate: Market Activity for January 2012

2012-02-24T05:50:00Z

Looking to buy beach property? Call Emilia at 541.264.0775 for more information.

Market Activity for Oregon Coast real estate for during January 2012: (information updated on 02/01/12):

Area	*# of homes sold**	*# of homes pending**	Average Sale Price	Average cummulative days on market	# of active listings
Newport	2	2	$237,000	211	107
South Beach	0	1	N/A	N/A	19
Depoe Bay	0	3	N/A	N/A	48
Seal Rock	0	2	N/A	N/A	15
Waldport	2	7	$207,750	194	103
Yachats	1	1	$375,000	270	44

Homes listed and sold by various member of the MLS
Information provided by Lincoln County MLS. Information is not guaranteed and should be verified by you.

*Residential/site built homes

Gen Y to Spur Real Estate Growth

2012-02-23T21:37:00Z

According to experts with the University of Southern California Lusk Center for Real Estate, population growth and demographic shifts, particularly the ongoing maturation of a diverse, well-educated Gen Y, will drive improvements in the real estate market over the next 10 years.

Additionally, Lusk Center Chairman of the Board Stan Ross points out that immigrants were responsible for 25 percent of America's high-tech startup companies between 1995 and 2005 and 25 percent of American's international patents.

Despite a slight dip in immigration during the recession of 2007-09, the 2010 Census showed the U.S. population grew 9.7 percent to 308,745,538 with another 3.4 percent growth predicted for 2011. Ross points out that with its 77.4 million members, Gen Y (current 15-32 year olds) is roughly equal in size to the baby boomers (current 46-64 year olds), but more educated and diverse.

Ross believes that related demographic shifts will support economic growth and market improvements in the region and nationally:

Together, baby boomers and Gen Y comprise 50 percent of the population and will soon be part of the largest U.S. wealth transfer ever
60 percent of Gen Y goes to college
More than 38 million U.S. residents (12 percent of the population) are foreign born
33 percent of all PhDs and 57 percent of all post-doctorates in science and engineering were awarded by U.S. universities to foreign students
About 4.3 million Gen Y residents reached age 22 in 2010

As more of this group enters the workforce over the next 10 years, they will produce a massive increase in housing demand. However, Ross points out that Gen Y will be relatively prudent when it comes to real estate investment.

Gen Y will produce market potential for every residential product except senior housing, an assertion made by the Summer 2010 ULI/Lachman Associates Survey, which found 37 percent are renters; 35 percent are homeowners; 26 percent live with parents/siblings or student housing; and 2 percent live in mobile homes.

Survey Reveals Consumer Attitudes Towards Homeownership, Design and Function

2012-02-15T00:52:00Z

Better Homes and Gardens magazine recently released proprietary research and insights into the ideas, inspirations, and strategies driving consumers as they consider the function, style and efficiency of their homes.

In a presentation given at the International Builders Show, Jill Waage, editorial director for Home Content for Better Homes and Gardens revealed survey results about consumer attitudes towards home ownership, upkeep and renovations, design and personalization, and more. A primary point revealed in the presentation shows that, despite continuing economic uncertainty, consumer thoughts toward homeownership remain strong with 8 in 10 saying home ownership is still a good investment and an important part of the American Dream. The BHG survey also found that consumers are more proactive in designing and curating their homes and, in fact, are spending more time planning design changes for the home (up to 38% from 33% the year prior).

Among the survey's key findings:
• Owning a home is still an important part of the American Dream (According to 8 in 10 surveyed).
• Consumers are taking more time to plan for home improvement projects (39% in 2011 compared to 33% in 2010) and are shopping around for more deals and bargains before committing to home improvement plans (42% in 2011 compared to 40% in 2010).
• Consumers find it more important than ever to get the most value out of every dollar (61% in 2011, up from 56% in 2010), and will spend more time looking for bargains and deals in order to get the most value for their money (Up to 54% in 2011, from 52% in 2010).
• Consumers are more willing to get rid of excess "stuff" and not willing to mortgage for more storage space. Multi-purpose rooms are a necessity in the home. Consumers aren't interested in "bonus rooms" or "media rooms" unless they have a multi-functional purpose.
• Style upgrades claim even greater prominence as being the most important feature in consumers' upcoming home improvement plans, followed by storage. For future projects, style upgrades on countertops, flooring, faucets and fixtures is up to 55% in 2011 from 50% in 2010. Expanded/improved storage space stayed flat at 39% in 2011, same as in 2010.
• In terms of remodeling priorities for consumers, baths are outpacing kitchens. Bathroom remodeling stayed constant in 2011 and 2010 (31%) and kitchen remodeling was stable at 25% in 2011, compared to 24% in 2010.

Single Story For Sale in Waldport

2012-02-13T16:15:00Z

Oceanfront

• 1,208 sq. ft., 2 bath, 2 bdrm single story - MLS® $395,000

Waldport - Ocean Front quality built home in Sandpiper Shores. Two bedrooms with 1.5 bath. Great open floor plan with ocean views from most rooms. Easy beach access in the common community area. Perfect home for relaxation, enjoying wonderful sunsets, entertaining, and more.

Property information

Oregon Coast: Real Estate market update

2012-01-12T00:53:00Z

Market Activity for select cities on Central Oregon Coast, for December 2011:

Area	Homes* sold	Homes* pending	Average Sale Price	Average cummulative days on market	Active listings
Newport	4	2	$189,250	128	125
South Beach	2	2	$168,900	90	24
Depoe Bay	2	2	$380,000	92	58
Seal Rock	1	2	$95,000	159	22
Waldport	1	3	$150,000	84	110
Yachats	2	1	$260,750	494	49

*Residential/site built homes

A bike ride on the Central Oregon Coast

2011-11-11T04:37:00Z

It's been a nice fall and sometimes a bike ride is just the way to spend a Sunday morning. From our house in Waldport, taking Highway 101 south toward Yachats is an easy start. The bike lane is generous and riding by the ocean is just beautiful. You can hear the waves crash on the shore, the seagulls flying high. The ride itself is not terribly taxing. The road is mostly flat, with a few rolling hills.

On the way, while riding at bike speed, there are many things to notice: the beach, of course, but also the large green areas, the hills to the east, as well as the various art galleries, motels, and oceanfront homes. Arriving in Yachats, it becomes obvious why this small town is call the "Gem of the Oregon Coast": a quaint village, with small shops, cafes, and restaurants, and even a farmer's market on Sundays.

We took Marine Drive off the highway and ended the ride at Yachats State Park, where views of the ocean, rocky shore, and tide pools are just beautiful, and it's a good time to take a well deserved break before the return ride home to Waldport.

Over 4 acres, oceanfront, For Sale in Waldport

2011-09-02T04:13:00Z

Oceanfront!

• 9,925 sq. ft. commercial - MLS® $2,200,000 - Price Reduced!

Waldport, Lincoln County - 4.65 ac oceanfront, 342 ft frontage. 8 remodeled units, 4-plex, 2 bed/2 bath cottage: a total of 20 bedrooms. Plus 4bed/4bath owners quarters. Many units feature slate, tile,corian, beautiful wood finishes.

Opportunities with this unique property: sell the completed condos, run the motel, rent units as vacation rentals or corporate retreat. Lots of potential-add oceanfront to your portfolio!

Property information

Oceanfront cottage For Sale in Waldport

2011-09-02T04:11:00Z

Oceanfront Condo - Sold Furnished

• 1,335 sq. ft., 2 bath, 2 bdrm 2 story - MLS® $425,000 - Price Reduced!

Property information