Coast River Business Journal BUSINESS NEWS Oregon and Washington commercial Dungeness crab fishermen cap strong season November 2020 • 11 Clatsop home prices up 23% Market summary: Single-family residential October 2020 F/V Cutting Edge crew member Christopher Hinojosa offloads crab at Ilwaco Landing in February. Oregon and Washington commercial Dungeness fishermen delivered approximately 35 million pounds combined during the 2019-2020 season. Story & photo by Luke Whittaker Coast River Business Journal lwhittaker@crbizjournal.com PACIFIC NORTHWEST — Commercial Dungeness crab fishermen in the Pacific Northwest had a relatively strong 2019-20 season, catching a combined 35 million pounds in Oregon and Washington, approximately 15% more than 2018-19. Oregon Oregon commercial Dungeness crab fishermen caught 19,980,932 pounds during the 2019-2020 season with an ex-vessel value of $72.7 million. The 2019-2020 catch was approximately 1.3 million pounds more than 2018-2019, according to the Oregon Department of Fish and Wildlife (ODFW). The season average price was $3.64, the highest since 2014 ($4.12), according to ODFW. Strong early season January had the heaviest landings, accounting for 12,970,306, or 64% of the season total. The January haul of 12.9 million pounds was the second-highest single month since February 2017- 2018, when 13.8 million pounds were brought in. Astoria and Seaside had their highest landings in January, when 2.8 million pounds were caught, accounting for approximately 21% of the catch statewide. Newport, Waldport and Depoe Bay had the highest January landings among all Oregon ports with a combined total of 6.1 million pounds, nearly 50% of landings for the heaviest month that tallied 12.9 million pounds across Oregon docks. Washington Washington commercial Dungeness crab fishermen caught approximately 15.7 million pounds during the 2019-2020 season, the best season total since 2016-2017 (16.4 million) and exceeding seven out of the past eight years, according to figures from Pacific Fisheries Information Network (PACFIN). In 2019-2020 commercial crabbers delivered nearly six million more pounds of crab in Washington — a roughly 25% increase — compared to 2018-2019. The majority was delivered to Washington Coastal Ports (CWA), nearly 8 million pounds, approximately 50% of the overall catch. North Puget Sound Ports (NPS) accounted for 3.8 million, with a $4.78 average price, approximately 24% of overall catch. Washington Columbia River Ports (CLW) had 2.4 million pounds with an average price of $3.51, accounting for 15% of the overall catch. Other or unknown Washington Ports (WA5) had 710,000 pounds, about 4% of the overall catch, with a $4.69 average. COMMERCIAL ADJUSTMENT C O M PA N Y “When Time is Money...and you have collection problems, we can help!” Kurt Birdeno Collection Specialist 20+ Years experience ASTORIA — The seller’s market for Clatsop County houses continued without a pause in October, with average prices climbing 23% from a year earlier and the supply tightening. There were only 101 active residential listings countywide in October, down 63.5% from the 277 on the market in October 2019, according to data from the Clatsop Association of Realtors. The average selling price was $520,729 this October, nearly $100,000 more than it was a year earlier. The median selling price — the point at which half sold for more and half for less — reached $420,500, up 12% from October 2019’s median of $375,000. The median is sometimes considered a more accurate market snapshot, since it compensates for the way a few high-price houses can skew the average. Clatsop houses are selling more quickly, spending a median of 63 days from list to close, more than a month faster than the year before. Looking at results for the entire first 10 months of 2020, the median sales price is up about $40,000 or 11.5% to $389,950. Eighty-eight home sales were completed in October, up from 70. However, for the year to date sales are roughly the same as in the first 10 months of 2019 — 689 this year compared to 692 last year. The business business Pros Pros to to Know! Know! The Here When You Need Us! Long Beach Astoria i and d Seaside id 360.642.1090 503.861.6555 David Clyde Equipment Laura Smith Working Capital NMLS # 422241 VP Commercial Loan Officer VP Commercial Banking Officer Pam Rush VP Sr Business Banking Officer NMLS # 422239 Credit Lines Construction Treasury Management Medical • Commercial • NSF Checks • Wholesale • Retail Outstanding rental obligations Recovering large or small assets 901 Marine Drive • PO Box 57, Astoria, OR www.commercialadjustment.com Email: kurt@commercialadjustment.com Ph: 503-325-0511 • Fax: 503-325-9501 Long Beach Astoria Seaside www.BankofthePacic.com All loans subject to credit approval. Certain fees and restrictions may apply.