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.
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."
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Posted on 23 Apr 2019
by Michael Hyman, Research Data Specialist
NAR released a summary of existing-home sales data showing that housing market activity this March, fell 4.9 percent from February 2019. Despite February’s gains, sales of existing-homes dropped 5.4 percent from March 2018. March’s existing-home sales reached a 5.21 million seasonally adjusted annual rate.
The national median existing-home price for all housing types was $259,400 in March, up 3.8 percent from a year ago. This marks the 85th consecutive month of year-over-year gains.
Regionally, all four regions showed growth in prices from a year ago. The Midwest had largest gain of 4.6 percent followed by the West with a gain of 3.1 percent. The Northeast had an increase of 2.5 percent followed by the South with an incline of 2.4 from March 2018.
March’s inventory figures are up from last month 3.1 percent to 1.68 million homes for sale. Compared with March of 2018, there was a 3.2 percent increase in inventory levels. It will take 3.9 months to move the current level of inventory at the current sales pace. It takes approximately 36 days for a home to go from listing to a contract in the current housing market, up from 30 days a year ago.
From February 2019, all four regions showed declines in sales. The West had the biggest dip in sales at 7.9 percent followed by the West with a decline of 6.0 percent. The South fell 3.4 percent followed by the Northeast with the smallest drop of 2.9 percent.
All four regions showed declines in sales from a year ago. The West had the biggest drop in sales of 10.7 percent followed by the Midwest with a decline of 8.6 percent. The South fell 2.1 percent followed by the Northeast dip of 1.5 percent. The South led all regions in percentage of national sales, accounting for 43.8 percent of the total, while the Northeast had the smallest share at 12.9 percent.
In March, single-family sales were down 4.9 percent and condominiums sales were down 5.3 to last month. Single-family home sales fell 4.7 percent and condominium sales were down 11.5 compared to a year ago. Single-family homes had an increase in price up 3.8 percent at $261,100 and condominiums rose 3.6 percent at $244,400 from March 2018.
The Silent Generation, buyers aged 73 to 93 years, made up the smallest share of buyers by age at only seven percent of all home buyers in 2018. The median age for this group was 76 years old and they were born between 1925 and 1945. They tended to have the smallest families; 96 percent of these buyers had no children living at home under the age of 18 years and they made up the same share of single female buyers as Younger Boomers at 25 percent. Of the generations, buyers 73 to 93 years bought fewer multi-generational home at 13 percent. For those that purchased a multi-generational home, the reason was for the health and caretaking of aging relatives at 13 percent.
The Silent Generation had the smallest share of first-time home buyers at only four percent, which was expected for their age group. Correspondingly, they made up the largest share to move directly from a home that they owned at 82 percent. They also had the lowest median household income at $69,600, likely living off retirement funds. They managed their finances accordingly and bought homes with the secondlowest median home price at $243,000. They also purchased some of the newest homes last year with a median year of 1996.
Buyers aged 73 to 93 years also bought new homes at 14 percent and wanted the amenities of new home construction communities (23 percent). These buyers were the most likely to purchase a duplex, apartment, or condominium at nine percent, or a townhouse at 10 percent. They were also the most likely to buy a home in senior-related housing at 29 percent. These buyers wanted a home convenient to friends and family (47 percent) and for the convenience to shopping (34 percent). They were the least likely to buy homes in an area for the quality of the school district, convenience to schools, or for the convenience to a job. They were also the least likely to compromise on the condition of the home (16 percent). The Silent Generation also bought frequently in a rural area at 23 percent.
The age group of buyers 73 to 93 years were the highest share among the generations to purchase for the desire to be closer to friends and family (27 percent) and for a smaller home (17 percent). They had an expected tenure in the home at a median of 10 years. They were the most likely to move due to a household member’s health and least likely to want a larger home.
Posted on 17 Apr 2019
by Scholastica (Gay) Cororaton, Research Economist
International clients are an important niche market for residential and commercial REALTORS® alike. In the latest 2019 Commercial Real Estate International Business Trends, NAR reported that foreign buyers purchased $4.8 billion of U.S. commercial real estate in 2018. The median value for a buyer-side transaction was $600,000, while the median value for a seller-side transaction was $1 million. The dollar volume of foreign buyer purchases of U.S. commercial property declined in 2018 compared to the $6.7 billion in 2017 and $7.9 billion in 2016 as the economic expansion slowed in Asia (e.g., China, Japan), Canada, Europe (e.g. United Kingdom, Germany, France, Italy, and Spain), and Latin America.
Major Buyers of Commercial Property
Asia was the largest source of U.S. commercial property buyers, accounting for about a third (34 percent; 28 percent in 2017) followed by the Canada and Latin America (29 percent; 25 percent in 2017), Europe (20 percent; 29 percent in 2017), Middle East (10 percent; 12 percent in 2017), Oceania (2 percent; 1 percent in 2017), and from other countries that were not identified by respondents (3 percent; 6 percent in 2017).
The top foreign buyers of commercial property were China (21 percent), Canada (7 percent), Mexico (6 percent), Germany (5 percent), India (5 percent), Israel (5 percent), United Kingdom (5 percent), Venezuela (5 percent), Vietnam (5 percent), and Italy (4 percent).
Major Destinations of Buyers of Commercial Property
Florida was top choice among foreign buyers of U.S. commercial property (20 percent) followed by Illinois (13 percent), Texas (11 percent), and California (9 percent). Other top destinations were Georgia, New York, Virginia, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, and Oklahoma.
Financing and Types of Property Purchased
About half of commercial foreign buyers, 52 percent, made an all-cash purchase (70 percent in 2017), and 25 percent obtained financing from a U.S. source.
International commercial buyers purchased across a variety of property types, but apartment was the most preferred, at apartment (19 percent), followed by retail (16 percent), land (12 percent), industrial (11 percent), office (9 percent), hotel (9 percent), and other types.
The bulk of foreign buyers of commercial property purchased the property as an investment to be rented out (39 percent in 2017), and 33 percent purchased the property for a business they participate in (34 percent in 2017). The Other category, which accounted for 22 percent (16 percent in 2017), includes a purchase of the property for residential and business-related uses.
Reasons Foreign Client Decided Not to Purchase U.S. Commercial Real Estate
One in five international clients decided not to purchase U.S. commercial properties in 2018 (17 percent in 2017). Understandably, the primary reason deterring a purchase is cost and exchange rate changes (36 percent of clients who decided not to purchase; 30 percent in 2017).Other major reasons are the buyer “could not find a property” (31 percent of clients who decided not to purchase), difficulty moving money out of the country (22 percent; 17 percent in 2017), tax-related issues (22 percent; 17 percent in 2017), immigration/visa (9 percent), and difficulty obtaining financing (9 percent).