Clatsop Real Estate Stats 5/21/09
From time to time I like to take a look at the various market stats here in Clatsop County, some mostly for entertainment value and a few actually have some concrete impact on buying and selling homes in our market. The stats I follow the closest are SFR (Single Family Residence, ie houses not land or commercial) because that's the segment of the market I have the heaviest involvement. I pulled data together for the entire county, which includes Astoria, Gearhart, Warrenton, Hammond, Seaside and Cannon Beach homes for sale.
The most telling statistic that paints a pretty accurate picture of what's happening today is the YTD sales figures and median sales price when compared with the same time period one year ago.
SFR Closed Sales YTD
2009- 86
2008- 137
SFR Median Sales Price* YTD
2009- $243,000
2008- $284,900
* one important thing to keep in mind when talking average or median sales prices is that no two homes are the same, it's not that the same home is worth $50,000 less than last year- It's what part of the market is most active. Although values have certainly declined in the past year.
I'm a chart kind of guy, so here's a couple of charts that show the where the inventory is and trends in that regard:
On a side note the weather forecast for the upcoming holiday weekend is fantastic! Enjoy the weekend everybody!
source: Clatsop MLS. Info is deemed reliable but not guaranteed accurate.