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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

Thanksgiving 2018: How family and friends can influence the home purchase

This Thanksgiving we look at how recent buyers are choosing their homes, and how their friends and family can influence their decision. While we don’t all get to see our families every day, for many home buyers having the option to do so can impact the home they purchase. Based on data from the recently released 2018 Profile of Home Buyers and Sellers, we can see how multi-generation homes are becoming more common and the importance of living close to friends and family.

  • This year 12 percent of all buyers purchased a multi-generational home, and multi-generational buyers were typically 51 years old. Eighty-three percent of the multi-generational homes purchased were single-family homes.
  • Multi-generational homes were typically 2,070 square feet and were purchased for $264,100. Buyers of multi-generational homes typically expected to live in their home for 20 years. Forty-seven percent of buyers owned their previous home.
  • Thirty-nine percent of buyers of multi-generational homes had children under the age of 18 living in the home.
  • Among all multi-generational buyers, the desire to own a home of their own was the primary reason for purchasing (29 percent). The majority of multi-generational buyers were married couples (63 percent), and single females (19 percent).
  • The main reasons for purchasing a multi-generational home were for to care for aging family members (44 percent), and children or relatives over 18 moving back into the house/never left home (37 percent).
  • Ten percent of buyers of multi-generational homes purchased their home to be closer to friends and family. Single females (12 percent) and married couples (nine percent) purchased their homes to be close to friends and family.
  • The convenience to friends and family for single females (47 percent), married couples (38 percent), and unmarried couples (35 percent) was an influencing factor of their neighborhood choice.

For more information on home buyers see the 2018 Profile of Home Buyers and Sellers and the Recent Buyer Profiles.

 

Amazon’s New HQ Impact

After a year of anticipation, Amazon decided to split its new headquarters between Arlington County, VA and Long Island City, NY. Since Amazon picked not one but two locations for its second home, these two areas are expected to equally share the anticipated 50,000 well-paid jobs Amazon expects to add in the next 10 years. Can these areas accommodate the newcomers?

In the last 20 years, the Washington, DC metro area and New York City have created about 50,000 new jobs on average every year. Amazon expects to add 2,500 new jobs in each of these two areas annually during the next 10 years. However, in regional economics, whenever a new job is created, additional jobs may also be created via increased demand for local goods and services. This increase in jobs, over and above the new hires by Amazon, is referred to as the multiplier effect. While the multiplier varies by industry and area of the country, a back-of-the-envelope estimate is that the multiplier impact is somewhere between 2 and 4[1]. In other words, each additional hire by Amazon can be expected to add 2 to 4 additional jobs to the local economy.

Assuming the size of the multiplier effect is between 2 and 4 additional jobs for each job that Amazon creates, then 7,500 to 12,500[2] new jobs are expected to be added in each of these two markets every year. Thus, for the next 10 years, Amazon will boost employment every year about 17 to 28 percent in the Washington, DC area and 15 to 25 percent in New York City.

But in recent years, housing production has not kept up with population and employment growth pushing up home prices. New York City’s population hit a record high of 8.6 million in 2017 due to growth of 5.2 percent since 2010. Population in the Washington, DC metro area grew about 11 percent between 2010 and 2017, compared to 8 percent on average for the 20 largest metro areas. Moreover, vacancy rates are low in both areas (6 percent in the Washington, DC metro area and 10 percent in the New York metro area) compared to the national level (13 percent) as a result of housing underproduction. Thus, an additional 25,000 jobs, plus additional jobs of 50,000 to 100,000 due to the multiplier impact, in each of these two areas will add new challenges in both places.

Housing production in Washington, DC metro area

Specifically, in the last three years, permits for 42,000 single-family and 33,500 multifamily units were issued in the Washington, DC metro area. Historically, about 56,000 single-family unit permits are issued on average in a three-year timeframe. Thus, in recent years, single-family construction has been 28 percent below the historical average.

Let’s now compare employment growth with housing production. Recently[3], about 55,300 jobs on average have been added in the metro area every year. However, permits for about 25,300 total units, 13,400 single-family and 11,900 multifamily units, were issued on average each year. If the size of the multiplier effect is between 2 and 4 additional jobs for every Amazon job, this means that 7,500 to 12,500 new jobs will be actually added each year. We estimate that permits for an additional 1,800 to 3,000 single-family and 1,600 to 2,700 multifamily units will be needed each year for the next 10 years in order to keep the same ratio of employment growth to housing production in the Washington, DC metro area.

Housing production in New York City

In New York City, since 98 percent of housing units are multifamily units, we see that permits for 1,520 single-family and 93,410 multifamily units were issued in the last three years[4]. Comparing recent[5] employment growth with housing production, about 100,000 jobs on average were created every year while permits for 31,600 total units (500 single-family and 31,100 multifamily units) were issued each year. If the size of the multiplier effect is between 2 and 4 additional jobs for every Amazon job, this means that these 7,500 to 12,500 new jobs will require an additional 40 to 60 single-family and 2,300 to 3,900 multifamily units every year for the next 10 years in order to keep the same ratio of employment growth to housing production in New York City.

If home production does not rise sufficiently then home prices will be pressured to increase at a stronger pace in both the Washington, DC metro area and New York City. Additionally an influx of high-earning employees is expected to increase home prices even more. As Amazon mentioned, these additional 25,000 employees will typically earn more than $150,000 per year. By comparison, the median household income was nearly $100,000 and $60,000 in 2017 in the Washington, DC metro area and New York City, respectively. The increase in high-income households will likely make it more difficult for both low- and middle-income households to find homes they can afford.

Taking a closer look at the housing market in Seattle, where the first Amazon headquarter is located, we see that home prices rose 27 percent in the last 10 years. While many factors affect home prices, no doubt the rapid growth of Amazon has been a significant influence. By comparison, home prices declined 2 percent in the Washington, DC metro area while prices dropped 10 percent in the New York metro area in the same period. Have you wondered what would be the median home price today if Seattle’s Amazon experience was replicated in these two areas 10 years ago? The value of a typical home in Washington, DC would today be $550,000 instead of $430,000 while in the New York metro area buyers would see a median price of $600,000 instead of $430,000.

How the impact of Amazon’s expansion into Washington, DC and New York City affects local housing markets will be worth watching in the years ahead.

View the highlights infographic on the potential affect on Washington, DC

View the highlights infographic on the potential affect on New York City

 


[1] According to Enrico Moretti, highly skilled sectors such as technology have the highest multiplier effect with five non-tradable jobs for each technology job.

Moretti, Enrico. The New Geography Of Jobs.

However, under low unemployment rate conditions, we believe that the multiplier effect will be smaller. Both the Washington, DC metro area and New York metro area have an unemployment rate below 4 percent. Areas with an unemployment rate below 4 percent are considered to be under full employment.

[2] 2,500 Amazon jobs are expected to be added every year in each marketfor the next 10 years. Due to the multiplier effect, 5,000 to 10,000 additional service jobs (skilled and unskilled) will be created in each area.

[3] In the last 3 years.

[4] Source: U.S. Bureau of the Census, Manufacturing and Construction Division, Building Permits Branch

[5] Average annual job creation in the last 3 years.

Workforce Migration and Affordability: A Closer Look

The workforce is moving to less affordable areas.

– In the last 12 months, more than 1.7 million LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place.

– Denver, San Francisco and Seattle were the top destinations for LinkedIn members.

Although housing affordability is still weakening in many local areas, particularly in the West, as a result of the ongoing supply and demand imbalances, a NAR analysis shows that many workers are actually moving to less affordable areas such as San Francisco and Seattle. According to LinkedIn migration data[1], more than 1.7 million LinkedIn members[2] moved to a less affordable area in the last 12 months. In 13 of the largest 20 areas, a majority of the workforce moved from a less expensive place to a more expensive place.

For instance, the San Francisco area was the most popular destination for workers moving from Detroit. More than 36,000 LinkedIn members from Detroit moved to the San Francisco area in the last 12 months. Based on the REALTORS® Affordability Distribution Curve and Score (RADCS), the affordability score for Detroit was 0.95 in September 2018 while the affordability score for the San Francisco area was 0.48. But what does this mean? The higher the score, the more affordable the area is. For example, a household earning $100,000 in Detroit can afford to buy 72% of homes currently listed for sale while the same household can afford to buy only 8% of homes for sale in San Francisco area.

San Francisco was also the top destination for workers from Philadelphia. Although Philadelphia is more affordable than San Francisco, nearly 27,000 LinkedIn members moved from Philadelphia to San Francisco in the last 12 months. The visualization below allows you to compare the affordability of the area of origin with the affordability of the destination area. Among the 20 largest areas, see in which areas workers decided to move to a less affordable place. Please bear in mind that the higher the score, the more affordable the area is.

While people in general are moving less these days, we also see that fewer people move for an employment-related reason. However, due to a strong economy, it seems that people get better jobs and decide to move to the most attractive areas across the United States.  The good news is that new construction is increasing even in areas with serious housing supply issues. For example, the three-year issuance of single-family permits increased 2 percent in the San Francisco metro area. Based on the NAR Housing Shortage Tracker, when we compare permit issuance with employment growth, we see that in November 2018 a single-family permit was issued for every 12 new jobs compared to 15 jobs in November 2017.


[1] LinkedIn Workforce Report (October 2018).

[2] From the 20 largest areas as far as LinkedIn membership.

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