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 Arch Cape, there was a lot of action. Inventory numbers really tell all. For our report purposes, the real estate data for Arch Cape is as follows.
Last Year : 2/27/19 - 2/27/20
This Year : 2/27/20 - 2/27/21
With so few homes changing hands data to plot is a bit sparse but we’ll do what we can here.
The Number of Active Listings in Arch Cape last year was 16 vs 10 or down 37% this year. Remember there is some carry over from prior years.
In terms of Numbers Sold we saw a decrease from 14 to 8 single family homes. A -42% decrease.
The Absorption Rate is hard to plot. With one home on the market we'll have to put this generously at less than one month supply every month for the last 7 months. Buyers are pouncing on homes in Arch Cape.
Average Sales Price also means little in the case of Arch Cape as the only current listing is just under 2 million. Last years average was 549K.
The Sold to List Ratio climbed for the year and was up 1% increasing to 100%.
The Average Days on the Market were also way down. A few homes lasted just over a month but for the most part homes pended within a week or two while the offers were sorted though.
Unfortunately for buyers, the number of Active Homes on the Market year has also been squeezed to ONE.
It’s a Sellers Market and looks to continue that way for the spring listing season in 2021.
If you are looking for a home in Arch Cape, you need quality representation and immediate real time notification of any property that comes to market, which we can provide as an instant 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 unprecedented 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.