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Mary McDonald
Lincoln City Realty, LLC
1621 NW Hwy 101
Lincoln City, OR 97367
Cell: 541-992-2748
Office: 541-992-2748
Fax: 541-994-3984
Email: Lc.Mary@gmail.com
www.MaryMacRealtor.com

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Welcome

  If you're thinking of buying an income property or a vacation rental on the Central Oregon Coast, Mary is a past owner of beach vacation rental properties and formerly owned a vacation rental company,  so she has the knowledge and experience to assist you with purchasing Oregon coast real estate.  There are restrictions on rentals in several areas, so if owning an income property is your goal in the Roads end, Depoe Bay, or Lincoln County area, Mary has the experience to assist you.  For advice on second homes in the Lincoln City area, vacation homes, 1031 exchange, or beach investment property, call, text, or email Mary and you'll get an answer.

   Mary specializes in Depoe Bay and Lincoln City Oregon Real Estate and that includes the communities of Little Whale Cove, Bayview, Gleneden Beach, Salishan Golf Course, Lincoln Beach, Roads End, Olivia Beach, Belhaven, Bella Beach and Villages at Cascade Head.  Her area also extends south to
Newport, Waldport, & Yachats and north to Neskowin, Sahhali Shores, Cloverdale and Pacific City. 

   Buying a home or property on or near the beach?  The Real Estate market in Lincoln City, Oregon is saturated with a fine selection of homes, it's a great time to buy!  And if you're a seller with a single level Ocean view home in the Lincoln City area, you may have just the piece of Lincoln City real estate on the Oregon coast that people are looking for.  Call Mary today!
 

 

Use Mary's map tool to assist you with your search for Real Estate on the Central Oregon Coast.

Looking for Central Oregon Coast real estate foreclosures? Click here for Lincoln County Bank Owned Listings .
 

The payoff for quality service is in repeat business and referrals given to friends by customers. Fifty percent of Mary's business in the Lincoln City area comes from referrals and repeat business.

Searching for a home on the Oregon coast? Use this great MLS Search tool with maps to search for Oregon Coast Real Estate.
Searching for a home can be a time-consuming and tedious process. Sign up for "Latest Listings", provide a few parameters and Mary and her assistant can provide you with a "HOT SHEET" nightly of everything activated in the MLS system during the day that meets your criteria. New properties will be automatically E-mailed to you every evening.

Mary and her assistants are committed to listening carefully to your needs and will set an individualized and unique plan into action to help you achieve your real estate objectives. They pledge to you the highest level of service possible while maintaining honesty and integrity in all that they do.

Buying or selling a house can be a daunting experience. That's why Mary has assembled a wealth of information and tools to assist you with all of your Real Estate needs.  If you're thinking at relocating or looking for advice on home buying or commercal property, Mary has 13 years of top producing sells experience in Lincoln City Oregon Real Estate to assist you. 

   If you'd like to receive reports on how the Oregon Coast Real Estate market is performing in your neighborhood we'll be glad to email you reports upon your request.

"As a top Lincoln City, Depoe Bay and Pacific City, Oregon Coast REALTOR®, I have the experience and track record you are looking for. If you're searching for an Ocean front or ocean view property in the Lincoln City area on the Central Oregon coast, I'm on your team.  Please let me help."

Welcome to the premier resource for all real estate information and services in the area. I hope you enjoy your visit and explore everything my realty website has to offer, including Lincoln City real estate listings, information for homebuyers and sellers, and more About Us, your professional Lincoln City Realtor.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

Real Estate News!!!

Latest Realty News from NAR

September 2018 Existing-Home Sales

  • NAR released a summary of existing-home sales data showing that housing market activity this September was down 3.4 percent from last month, and dropped 4.1 percent from last year. September’s existing-home sales reached a 5.15 million seasonally adjusted annual rate, which was the lowest since November 2015 when the index reached 4.78 million.

  • The national median existing-home price for all housing types was $258,100 in September, up 4.2 percent from a year ago. This marks the 79th consecutive month of year-over-year gains.

  • Regionally, all four regions showed growth in prices from a year ago, with the West and Northeast both having the biggest advance of 4.1 percent. The South had a gain of 3.0 percent. The Midwest had the smallest gain of 1.9 percent from September 2017.
  • September’s inventory figures are down from last month to 1.88 million homes for sale. Compared with September of 2017, there was a 1.1 percent increase in inventory levels. It will take 4.4 months to move the current level of inventory at the current sales pace. It takes approximately 32 days for a home to go from listing to a contract in the current housing market, down from 34 days a year ago.

  • From August 2018, three of the four regions experienced declines in sales. The South had the biggest decline of 5.4 percent followed by the West with a dip in sales of 3.6 percent. The Northeast had a dip of 2.9 percent. The Midwest region was flat showing no change in sales.
  • All four regions showed declines in sales from a year ago. The West had the biggest drop in sales of 12.2 percent. The Northeast had a decline of 5.6 percent followed by the Midwest with a decline of 1.5 percent. The South had the smallest drop in sales of 0.5 percent. The South led all regions in percentage of national sales, accounting for 41.0 percent of the total, while the Northeast had the smallest share at 13.2 percent.

  • In September, single-family and condominiums sales were both down 3.4 percent compared to last month. Single-family home sales fell 4.0 percent and condominium sales were down 5.0 compared to a year ago. Both single-family and condominiums had an increase in price with single-family up 4.6 percent at $260,500 and condominiums up 1.50 percent at $239,200 from September 2017.

How much of my income goes towards housing?

With rates rising and home price growth starting to slow, I started to consider how much income is used towards housing in this current economic climate. Mortgage rates are trending upwards to near the highs of 2011 at 4.98 percent, home prices are still rising but at a slower pace, and the median income has been steadily rising although an even more modest pace than house prices. These factors go into how much of a person’s income goes towards housing expenditures and whether housing is a burden for potential homebuyers. This blog will highlight some of the factors and show states and regions where housing is less of a financial burden.

Home Price vs Median Family Incomes

Home prices since 2000 started to outpace in comes but started to turn towards the end of 2007, until home prices plummeted during the Great Recession. In 2008, incomes grew making it favorable for potential homeowners to buy a home. It took home prices about 4 years to recover, beginning in 2012. Around 2014 home price growth began to bloom and once again, prices started to outpace incomes. This pace has continued until recently, as home price growth has slowed making owning a home affordable. As of the second quarter of 2018, family incomes have increased by 52 percent since 2000, while housing prices have increased by 95 percent, or nearly doubled the level in 2000.

Payment to Income and Mortgage Rates

Let us look at the amount of money homeowners had to commit from their income to be able to afford a home. In 2000, when interest rates were 7.90 percent, homeowners had to spend about 19.6 percent of their income to be able to afford a home. In 2006 when rates were around 6.50 percent, homeowners had to spend 22 and up to 24 percent of their income on a home. In the wake of the Great Recession in 2009-2010, mortgage rates started to fall, so the share of income that went to paying a mortgage declined. In 2013 when rates were down to 3.47 percent, the mortgage payment on a median priced home was 11 percent of the median family income, putting less pressure on household incomes. Since that time rates have continued to decline, much to the benefit of potential homeowners. Anything above 30 percent is considered burdensome on households, but below that range would be typically affordable. On a regional level, the West requires a higher portion of your income, which has eclipsed the 35 percent mark. The Midwest, being the most affordable region, requires the least percentage of median family incomes. The Midwest started around 15 percent and, at times, dipped below 10 percent and is currently hovering back around 15 percent.

House price to Income Ratio

A ratio between 2.5 and 4 is normal and healthy price to income ratio for the housing market. As of August 2018, the median price of existing homes sold was 3.5 times of the median family income. The Harvard University Joint Center for Housing Studies (JCHS) produced a map showing the US home price to income ratios. The ratios range from under two to over eight. As the map below illustrates, costal markets have much higher ratios, indicating significantly higher home prices compared with incomes. The West Coast region has affordability issues, with several areas posting ratios above eight, including San Diego, Los Angeles and the San Francisco metropolitan area. Small pockets in the Northeast reach above five, mostly clustered around New York City and Boston. The Miami/ South Florida Region also posts low affordability. In comparison, The Midwest region has ratios in the 2-3 range, in line with historical averages.

Jobs generated vs GDP Growth rate

The Gross domestic product (GDP) has hovered around 3 percent and has had to withstand the tech bubble, wars and several crises. In 2009, both jobs and GDP took a dive but rebounded the following year. GDP and jobs have grown solidly after the Great Recession. Unemployment has been below 6 percent ever since 2014, which is good for economic progress and potential homebuyers.

Even with rising rates and higher home prices, potential homebuyers have plenty of reason to join the market. Real Estate is still affordable in several states and regions. The job market is strong, GDP is at a healthy level and consumer confidence is high. New homes and existing inventory figures are now improving, although still modestly, but the increase in inventory is helping tame price growth.

August 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.78 percent this August, up 14.1 percent compared to 4.19 percent a year ago.

  • Housing affordability declined from a year ago in August moving the index down 8.3 percent from 153.9 to 141.2. The median sales price for a single family home sold in August in the US was $267,300 up 4.9 percent from a year ago.
  • Nationally, mortgage rates were up 59 basis point from one year ago (one percentage point equals 100 basis points).

  • The payment as a percentage of income was down to 17.7 percent this August but up from 16.2 percent from a year ago. Regionally, the West has the highest payment at 24 percent of income. The South had the second highest payment at 17 percent followed by the Northeast at 16.5 percent. The Midwest had the lowest payment as a percentage of income at 14.2 percent.

  • Regionally, the West recorded the biggest increase in home prices at 5.2 percent. The Midwest had an increase of 4.2 percent while the South had a gain of 3.6 percent. The Northeast had the smallest growth in price of 0.1 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Midwest had the biggest drop in affordability of 7.8 percent. The West had a decline of 7.7 percent followed by the South that fell 7.0 percent. The Northeast had the smallest drop of 5.5 percent.
  • On a monthly basis, affordability is up from last month in three of the four regions. The Northeast had biggest gain of 6.2 percent. The South had an incline of 2.4 percent followed by the West with a slight increase of 0.1 percent. The Midwest had the only dip in affordability of 4.8 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 175.7. The least affordable region remained the West where the index was 101.2. For comparison, the index was 146.7 in the South, and 151.2 in the Northeast.

  • Mortgage applications are currently down. Mortgage rates are still rising along with rents. Foot traffic is up which shows there is interest from future homebuyers. Job creation remains steady and new homes sales are continuing to incline. Home prices are up 4.9 percent outpacing median family incomes that are growing 3.0 percent.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

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CRS - Certified Residential SpecialistEqual Housing OpportunityGRI - Graduate, REALTOR® Institute

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