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 Cove Beach or as we call it Falcon Cove, the story was the same as Arch Cape and Manzanita. For our report purposes, the real estate data for Cove Beach is as follows.
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 Cove Beach last year was 2 vs 2 this year. Not much to report here.
In terms of reported Numbers Sold, that was also two homes.
The Absorption Rate which is the how long the current inventory will last at the current rate of sales is essentially to 0 months supply. Buyers are on the search and like Manzanita and Arch Cape the time a home appears on a the market is essential the time sellers are considering the offers.
The Average Sales Price for the homes that sold was up 13% to 775K.
The Sold to List Ratio climbed to 100% of asking price.
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 Cove Beach, 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.
