I did a little market research for my builder clients, and in the process found some facts that confirm what most of us already knew: Price is king!
Market Conditions for New Construction SFR: Warrenton, Hammond, Gearhart (East of 101)
Active Listings (New SFR) YTD
$200-249,999
# Active Listings: 10
Avg. List Price: $231,300
Avg. List Price / Sq-Ft: $162.09
$250-299,999
# Active Listings: 12
Avg. List Price: $285,225
Avg. List Price / Sq-Ft: $163.78
Sold Listings (New SFR) YTD
$200-249,999
# Sold Listings: 10
Avg. Sales Price: $226,860
Avg. Sales Price / Sq-Ft: $159.00
Months of Inventory: 6
$250-299,999
# Sold Listings: 2
Avg. Sales Price: $282,675
Avg. Sales Price / Sq-Ft: $142.97
Months of Inventory: 36
source: Clatsop MLS. Information deemed reliable but not guaranteed accurate.
