according to the Clatsop MLS:
33252 Silver Spot Lane closed 4/28/2008 for $400,000. Silver Spot was on the market for 242 days and had an original list price of $498,000.
and…..
89945 Ocean Drive is back under contract as of 4/24/2008.
images courtesy of the Clastop MLS.
The market here seems to be picking up, although the first quarter market report doesn’t reflect this.
As of 3/31/2008:
For comparison, I searched the Clatsop MLS for residential properties priced between $500-999,000 active during the first quarter in all parts of the county.
souce: Clatsop MLS
It is certainly a tough market for Sellers, but Buyers are getting some great deals. With inventory still above normal, many Sellers are coming to terms with a tough market and pricing their properties accordingly. On the flip side, Buyers seem to be less tolerant to haggling and tend to move on quickly to another property if they can’t come to terms. This seems to be the rule in most of the area especially Surf Pines, Gearhart and Seaside. Large developments like The Reserve at Gearhart and Thompson Falls give buyers even more options: Now that building has slowed, home builders are eager to get back to building true custom homes to suit on a lot purchased by the Buyer.
The new construction home for sale at 89945 Ocean Drive in Surf Pines is under contract as of 3/13/2008.
It’s great to see some action in Surf Pines, I think we’re going to see things pickup as we move into spring.
edit: home is back on market as of 3/27/08
33252 Silverspot Lane, Surf Pines is currently Sale Pending as of 2/21/08!
We’ll update you soon when this home closes escrow.
New Listings: 7
Sale Pending: 2
Closed Sales: 2
Active Listings as of October 1st: 10
Active Residential Listings as of October 1, 2007: 553
Active Residential Listings one year ago: 397
Source: Clatsop Mutliple Listing Service