Gearhart Oregon Real Estate Update 6/20/2009 (and Seaside too)

The last update I posted on the recent new home sales activity seemed to give a optimistic outlook for new home sales on the coast, and it’s not a hot market by any means some inventory is moving. The one bright spot is that vacant land is starting to move finally, especially in Thompson Falls Estates in Seaside, Oregon.

New home sales appearing in the MLS for April/May/June not previously reported:

  • 470 Haney Ct in The Reserve at Gearhart- Closed for $409,000 on 5/11/09
  • 295 Kershul Cir. in Gearhart, Oregon- Closed for $325,000 on 6/5/09
  • 2166 Middle Fork Cir. in Thompson Falls Estates Seaside- Closed for $392,500 on 6/11/09
  • 1319 Bailey Lane in Gearhart- Closed for $297,500 on 6/17/200

Vacant land (residential) sales appearing in the MLS for April/May/June not previously reported:

  • V/L (between 2nd & 3rd) Marion Ave in Gearhart, Oregon- Closed for $265,000 on 4/10/09
  • V/L 1363 12th St. in Seaside, Oregon- Closed for $60,000 on 4/27/09
  • Lot 51 Thompson Falls Estates in Seaside, Oregon- Closed for $100,000 on 4/29/09
  • Lot 42 & Lot 47 Thompson Falls Estates in Seaside, Oregon- Closed for $90,000 on 6/4/09
  • Lot 34 Thompson Falls Estates in Seaside, Oregon- Closed for $75,000 on 6/12/09
  • Lot 37 Thompson Falls Estates in Seaside, Oregon-Closed for $75,000 on 6/15/2009

Other recent real estate transactions of note in Seaside and Gearhart, Oregon:

  • 1327 N Cottage Ave. in Gearhart- Closed for $372,000 on 4/14/09
  • 138 N Cottage Ave. in Gearhart- Closed for $275,000 on 4/24/09
  • 258 W. Kershul Cir.** in Gearhart- Closed for $385,000 on 4/30/09
  • 348 W. Kershul Cir.** in Gearhart- Closed for $309,900 on 5/18/09
  • 161 S. Cottage Ave. in Gearhart- Closed for $499,900 on 5/27/09
  • 1217 Chinook Rd.** in Gearhart- Closed for $350,000 on 5/29/09
  • 157 N. Ocean Ave. in Gearhart- Closed for $1,625,000 on 6/10/09
  • 2980 Evergreen Ave. in Seaside- Closed for $810,000 on 6/12/09

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** reported to be REO or short sale transaction.

source: 2009 Clatsop MLS, data deemed reliable but not guaranteed accurate.