Manzanita Real Estate | Cascade Sotheby's International Realty
No sooner did we post the final January market summary for Manzanita than the weather turned nice and we went into summer mode with quite a few new listings and strong buyer activity to match. We have reached a nearly balanced market. For every new listing, we are closing on another listing, leaving the inventory hovering around 35 residential units for the last four months. One change to note is that we have seen a spike in the sold to list price ratio from January through March. The listed vs. sold price moved upward from 94% to 97% across all closed units. The average list price was 527K up 4.2% YTD Y/Y. Most interesting in Manzanita, and the reason we have not been posting on time, is the number of sold units YTD. Closed residential homes are up 60% for the month Y/Y and a solid 27.3% Y/Y. That has been keeping us very busy. If you are considering listing your home this is a good month to do it. Activity is strong and new listings YTD are down 16%. Please call us for an evaluation of your property value if you are considering a change.
Below is an example of the videos we make for every listing. See our Property Video Page to view the Natural View Videos of our current listings.