Monday, March 30, 2009

Rockaway Beach Residential Listings Reach 115!

Looking for a home on the Northern Oregon Coast? You might consider taking a look in Rockaway Beach. Of the 395 Active Residential listings in all of Tillamook County, 115 of those, as of March 30, 2009, are in Rockaway Beach! They are not all ocean view, or on the beach, but 115 listings ranging in price from $95,000 - $2.2 Million, is a large number of homes to choose from in one area! I would anticipate prices reductions coming soon! Not just due to the scarcity of buyers, but also the active listing saturation level. High competition between sellers is usually great news for buyers!


I had the opportunity to spend some time in Rockaway Beach showing homes to a prospective buyer this last weekend. If you were on the Oregon Coast, you know the weather on Saturday wasn't good. "Buckets of sideways rain." That's the best description I can give it. Despite the bad weather, the good news I thought was the competition level of seller's in the area -- a true buyer's market! While there are many homes to potentially look at and consider, the buyer I was there to show homes to had a relatively specific, but straight forward criteria -- things most people are in search of: Good ocean view, easy/short walk to beach, 3+ bedrooms, and not in need of major repairs. Of the 115 homes currently for sale, this simple criteria took our home tour down to just five homes. Wow!


With the tour narrowed down to just five homes, the chances of finding a perfect fit for this particular buyer in Rockaway Beach just became a little more difficult. Of these five homes, one did not have a view (eventhough the MLS stated it did), one had gone back to the bank (locks had been changed), one was a vacation rental (with people staying in it -- not open to having it shown) and two we were able to get inside of; one of which was severely overpriced for it's size and view, and the other actually a very nice home and a decent value, but with the potential of losing it's beautiful ocean view in the future.



I was sure with the high number of listings something would meet the needs of almost any buyer truly in search of a home at the beach. I am sure you guessed it already: We completely struck out! Back to Oceanside, Netarts and Cape Meares this time! Updates on these beach communities coming soon....! p.s. I would love to take a buyer to Rockaway Beach not seeking a home that is easy walking distance to the beach! There are many amazing view homes up on the hill overlooking all of Rockaway Beach with exceptionally low prices.

Visit http://www.iWantABeachHome.com/ to view homes and land in Tillamook County on the Northern Oregon Coastline. Use the MLS Search feature, but don’t hesitate to ask for help at any stage of your home search.



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Sincerely,Wendy Stevens

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