Coast river business journal., February 10, 2021, Page 17, Image 17

Coast River Business Journal
REAL ESTATE, CONSTRUCTION & MORE
Top property sold in the Columbia-Pacifi c Region
February 2021 • 17
January 2021
Top Clatsop County Property • $2,200,000
With ocean views, this 3.83-acre property on North Ocean Avenue has fi ve bedrooms, three-and-a-half bathrooms and about 3,386 square feet of fl oor space. Built in 1941, the house is a short walk
away from the beach.
REAL ESTATE UPDATE
County’s home listings slightly up
ASTORIA — There was a slight uptick in Clatsop County’s avail-
able home supply in January but also a substantial increase in the
median selling price.
Seventy-three houses were listed for sale in January, compared to
68 in December and 209 in January 2020, according to data provided
by the Clatsop Association of Realtors.
Thirty-four houses sold in January at a median price of $422,500,
up from $389,500 in December and $354,000 in January 2020.
“Median” means half sold for more and half for less. The average sell-
ing price this January was $471,759, compared to $507,668 in Decem-
ber and $411,420 in January 2020.
Only four active listings were priced under $249,000 in Janu-
ary, with fi ve more priced between $250,000 and $299,999. Half of
the houses for sale in the county in January were priced at more than
$500,000.
The average price of the 48 houses listed this January was
$742,356, down from $771,110 in December but up from $606,231
in January 2020.
The absorption rate — a real estate industry measurement of how
fast sales are burning through the available inventory — rose slightly
above one month to 1.04, compared to 3.04 in January 2019. This
means that unless more houses were listed, it would take about a
month to exhaust the available supply.
PREPARED BY CLATSOP ASSOCIATION OF REALTORS, MLS
The absorption rate — a real estate industry measurement of how fast sales are burning through the available inventory — rose
slightly above one month to 1.04, compared to 3.04 in January 2019.