Dear Clients and Prospective Homeowners,
Today, I'm excited to shine a spotlight on the gem of Warrenton, Oregon - the Surf Pines gated community. I contribute quarterly real estate to the Surf Pines community, and want to extend this information to my clients as well.
Nestled along the breathtaking North Oregon Coast just North of Gearhart, Surf Pines is more than just a residential haven; it's an exclusive neighborhood that embodies the essence of coastal elegance. Surf Pines offers a unique blend of sophistication and natural beauty. From the soothing sounds of the Pacific Ocean, to the lush coastal landscapes and beaches that stretch for miles. This gated community is a sanctuary for those seeking privacy, security, and a connection to the serene coastal environment.
What sets Surf Pines apart is not only its picturesque setting but also the diverse range of properties therein. Whether you're envisioning a cozy beachfront cottage, a spacious family home with distant ocean views, or a tranquil retreat on the lake, Surf Pines may have the perfect beach home to match your dreams.
As you dive into exploring Surf Pines, I invite you to reach out to me with any questions or to schedule a private tour of available properties. Let TOTEM Properties be your gateway to the coastal lifestyle you've always dreamed of.
FOR SALE NOW IN SURF PINES
(click addresses below to view property photos & details)
RECENTLY SOLD IN SURF PINES
89742 Ocean Drive $950,000 (Listed by TOTEM Properties)
Since the last publication of the Surf Pines neighborhood newsletter in mid-October 2023, two homes have sold in Surf Pines. Although it's a small sample size, these properties sold for an average of 93% of the original list price and spent an average of 126 days on the market. There were no vacant land sales during this period.
Let’s take a broader look at real estate in Clatsop County. Right now in mid-January 2024, there are currently 115 homes on the market in active status and 40 are pending. By the end of December 2023, homes were selling for an average of 95% of their list price, according to the Clatsop MLS. The median sale price in December 2023 was $518,275 compared to a median sale price in December 2022 of $560,000, which represents a 7.4% decrease for the month. During that same period, average days on the market increased from 99 to 110 days.
Interest rates are on the decline for the past few months, which is inviting some buyers back to the market. However, this is a real estate market which requires patience on the part of sellers. Paired with long winter market times for unsold homes, the seeming lack of buyer interest is placing some downward pressure on prices and we’re beginning to see more “healthy” negotiations taking place between buyers and sellers. As interest rates continue to drop, we expect more buyers to re-enter the market based on affordability. When this happens, competitive situations may emerge again, causing overall prices to rise.
So, is it a good time to buy? Is it a good time to sell? When is the best time for you to make a move? It truly all depends on your situation, the specifics of your property and what’s happening with the competition in your neighborhood’s sub-market. Consulting with a local real estate professional to guide you through making these big life decisions is always a smart idea.
Our team of local Totem Properties agents is here to guide you through the process of buying or selling within this exclusive community. We understand the unique appeal of Surf Pines and are committed to helping you make informed real estate decisions that align with your lifestyle.
Thank you for allowing Totem Properties to be your guide in the North Oregon Coast real estate journey.
Warm Regards-
Julia Radditz
Courtesy of Julia Radditz, Principal Broker/Owner, TOTEM Properties
Market data provided by Clatsop MLS. Current as of 1/14/24