By Tosha Reinmiller, September 24, 2021
My fantastic clients just closed on a house in Manzanita. So I thought it would be fitting to do a quick market overview for other buyers to be in the know.
Current active inventory in Manzanita is very low. Keep this in mind when looking at this report. We’re still in the Seller’s zone, prices have not yet begun to drop. It may take a while to see slack demand for prices to reflect and begin to fall. This week the median list price for Manzanita is $1,400,000 with the market action index hovering around 71. This is about the same as last month’s market action index of 71. Inventory has increased to 2 properties.
*Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory. A balanced has a MAI of 30. Anything above is trending toward a seller’s market and anything below is trending toward a buyer’s market.
Call or email for if you want more info on Buying at the coast
Tosha Reinmiller
541-231-5829
tosha@coastlivingre.com
-Stats charts by Altos
Tosha Reinmiller
Principal Broker | OR
She/Her
ABOUT TOSHA Tosha specializes in the coastal communities of Manzanita, Cannon Beach, Nehalem, Wheeler, Arch Cape, Rockaway Beach and the surrounding areas in Tillamook County...
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- T: 541-231-5829
- F: 503-961-8224
- tosha@coastlivingre.com
F
503-961-8224