In Neahkahnie news the number of homes on the market was even with a 0% change in homes coming to market. Sales were also even, a 0% change from the prior year with 9 homes sold. However, the list price-to-sales price ratio was 108% in Neahkahnie. Competitive bidding was incredible. Two homes went for 140% of the list in MZ for example and it was not uncommon for us to get over 10 bids on a home. Days on the market were lower yet again, 36% lower, to an average of 47 days from listing to close. Neahkahnie, like Manzanita, saw amazing pressure on listed homes.
It was an incredible jump in average sales price. Nearly the largest on the coast. Neahkahnie has come of age.
Record Gains
In Neahkahnie, for 2021, we saw an even number of homes come to market on the back of a record-low inventory during 2020. Prices spiked for a record increase in sold property values. Up 50% from last year. Last year’s numbers (which were the record) were not even close. Neahkahnie is realizing the value it should have as a community.
The market average increase for North Coast communities in 2020 was 20%. We thought that was wild. In the last year, the average sales price up and down our coast increased another 28%. Manzanita saw an increase of 55% and Nehalem was up 29%. The price increases are unprecedented.
Source: FLEX MLS
Seller’s Market
It’s a seller’s market. Demand is high. Prices are at an absolute record. Call us if you want to speak in detail about home sales.
