THE WAY I SEE IT.: ARE BEACH HOME PRICES ON THE VERGE OF RECOVERY?

Home Sales Data from the Tillamook County MLS

{September 26^th to September 25^th Year to Date}

# of home sold Average price of sold homes

2003-2004............................436 $188,830

2004-2005........................... 481 $226,027

2005-2006............................443 $275,021

2006-2007........................... 335 $308,283

2007-2008............................267 $270,914

2008-2009............................183 $226,481

2009-2010............................232 $240,686

2010-2011............................227 $217,649

2011-2012............................265 $219,151

2012-2013............................315 $230,573

--------Based on the data above could the following be true?---------

2013-2014 xxx $xxx,xxx

2014-2015 xxx $xxx,xxx

Only time will tell what the future holds for home prices on the North Oregon Coast,

but in the meantime I will continue to be encouraged by the number of homes

that sold in Tillamook County between 9/12-9/13. We haven't experienced

home sale numbers in Tillamook County over the 300 mark since 2006-2007!

As of today, there are 525 homes for sale in Tillamook County and 60 pending sale --

A great improvement over several years past, where there were just as many homes

listed for sale, but only 20 pending at any given time. We're getting there! If you are

considering purchasing a home on the coast there is no doubt this would be great timing

with a large inventory and prices still low. From what I've identified above, which you can

see for yourself, it looks like we may be on the verge of recovery. What do you think?

See you at the beach!

~Wendy

THE WAY I SEE IT.