As we saw in the neighboring Astoria report this has been an incredible year in real estate for the North Oregon Coast. Every year we post a summary of activity pre-spring for your consideration. This year in Warrenton, the pressure was high. We will provide the results graphed for clarity below but needless to say it was and remains a Sellers Market.
Warrenton was busy and the Sold to List Prices were in many cases over 100%.
Last Year : 2/27/19 - 2/27/20
This Year : 2/27/20 - 2/27/21
Here are the high points.
The Number of Active Listings in Warrenton last year was 135 vs 119 or down -11% this year. New listings were down -8%. Remember there is always carry over from prior years.
In terms of Numbers Sold we saw a decrease from 164 to 195 single family homes. A -8% decrease.
The Absorption Rate in Warrenton which is the how long the current inventory will last at the current rate of sales is down -39.27% to 1.67 months from 2.75 months supply. Buyers are still on the search here.
Prices have increased with the Average Sales Price up from 318K to 398K. An increase of 25%
The Average List Price was up a whopping +53.96% as well. This means that not only are the number of homes that came to market going fast but sellers took advantage and many higher quality homes came to market.
The Sold to List Ratio, the amount a property was listed for and then sold for by percentage increased 2% from 98% to 100%.
The Average Days on the Market increased, 88% from 71 days to 134 days.
It’s still a Sellers Market in Warrenton and looks to continue that way for the spring listing season in 2021.
If you are looking for a home in Warrenton, you need quality representation and immediate real time notification of any property that comes to market, which we can provide as an alert. Call us and let us assist you. We’re here to make your Home by the Sea a reality.
Ready to list and take advantage of this strong sellers market? Call us. We’re the top North Coast team. Even though it’s a sellers market, we provide full service interior, exterior and aerial video and photography as well as top online placement and distribution to market your home. We’re here to help you realize your maximum financial potential. We’re the top North Coast listing team. Home + Sea Team, Cascade Sotheby’s International Realty.