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Yesterday I went over the first of three critical elements if you want to generate a quick sale in today’s Astoria housing market. You see, contrary to the belief of some Sellers today you want your house “sold” not “for sale”. The second ingredient is product. Our local market on the Oregon Coast is very competitive, especially in Clatsop County. We were cruising along at 8-10 months of inventory, but in the last three months residential inventory has nearly doubled. How does that effect somebody with an Astoria home for sale? It means instead of 20 homes directly completing with yours in terms of price and location, you would now have 35. That’s right, a Buyer for your home would have 35 other homes that also meet their search criteria. What now? If you priced your home correctly, you’ll have a slight upper hand on the competition.
The next element you can control as a Seller is product, or your home. The rest of the story
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Most sellers, if given a choice of when to sell their home, would pick a much hotter coastal market than we have today. Here in Astoria, we’re much better off than many parts of the country but it doesn’t mean your home will sell itself. In my opinion, there’s three critical elements to generating a sale in today’s Astoria, Oregon real estate market.
The first and most important element is…. price. A wise man once told me any home in any market will sell quickly if you price it correctly. It’s true for most items, even non-housing related if you think about it. Read the rest here.
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A quick look at the real estate market here in N. Clatsop County, more specifically Astoria, Oregon. I believe we're looking at the market continuing to improve as we move into spring, likely the rate will be dependant on what rates do.
In the last 30 days, the area of Astoria:
Active- 85
Sold- 4
Under Contract- 10
Back on Market- 4
Expired- 20
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