John's Report

John's Report March 2010

Lincoln County Statistics for 1/1/2009-12/31/2009

	Active	Volume	Average List Price	New	Pending	Sold	Average Sold Price
Residential/Site Built	2,071	$839,711,111	$405,462	1,361	470	427	$300,319
Multi-Dwelling	74	$30,855,370	$416,964	46	11	10	$370,300
Condo or Town Home	394	$124,200,063	$315,229	217	76	76	$224,712
Manufactured	383	$76,836,747	$200,618	254	87	83	$155,034
Land-Residential	1,082	$233,883,537	$216,159	583	97	93	$108,568

Lincoln County Sales Activity & Lincoln County Residential Real Estate Trends

The above and following information was gathered from the Lincoln County Board of Realtors from 2004 through 12/31/2009 from the Multiple Listing Service.

The figures are average for 3 years covering areas from Yachats though South Tillamook County.

This does not include sales considered out of area in the Lincoln County Multiple Listing Service

RESIDENTIAL

01/01/2009-12/31/2009 - 427 sales - average sold price $300,319

01/01/2008-12/31/2008 - 435 sales - average sold price $341,938

01/01/2007-12/31/2007 - 610 sales - average sold price $371,974

01/01/2006-12/31/2006 - 818 sales - average sold price $357,814

01/01/2005-12/31/2005 - 1095 sales -average sold price $290,757

01/01/2004-12/31/2004 - 1107 sales - average sold price 232,061

MANUFACTURED

01/01/2009-12/31/2009 - 83 sales - average sold price $155,034

01/01/2008-12/31/2008 - 98 sales - average sold price $ 158,057

01/01/2007-12/31/2007 - 147 sales - average sold price $166,258

01/01/2006-12/31/2006 - 237 sales - average sold price $ 168,356

01/01/2005-12/31/2005 - 281 sales - average sold price $130,897

01/01/2004-12/31/2004 - 244 sales - average sold price $113,666

CONDO/TOWNHOUSES

01/01/2009-12/31/2009 - 76 sales - average sold price $224,712

01/01/2008-12/31/2008 - 62 sales - average sold price $301,033

01/01/2007-12/31/2007 - 155 sales - average sold price $302,147

01/01/2006-12/31/2006 -180 sales - average sold price $271,004

01/01/2005-12/31/2005 - 173 sales - average sold price $233,724

01/01/2004-12/31/2004 - 145 sales - average sold price $217,805

RESIDENTIAL LAND

01/01/2009-12/31/2009 - 93 sales - average sold price $108,568

01/01/2008-12/31/2008 - 101 sales - average sold price $143,985

01/01/2007-12/31/2007 - 190 sales- average sold price $166,652

01/01/2006-12/31/2006 - 408 sales - average sold price $158,490

01/01/2005-12/31/2005 - 667 sales -average sold price $102,772

01/01/2004-12/31/2004 - 746 sales - average sold price $78,590

FORECLOSURES

In the current real estate market, one of the biggest questions buyers have tends to be in regards to foreclosures and short sales. While most investors are aware that there is an abundance of foreclosed property available most are unaware of the past history of foreclosed properties in Lincoln County. Since 1990, the year with the highest number of foreclosures was in 2009 with an unprecedented 175 foreclosures. If you are wondering when the least number of foreclosures took place with that time frame, you would have to look back to 2006 when only 15 foreclosures occurred. The Lincoln County MLS recently released the following data:

Year	# of Foreclosures
1990	22
1991	34
1992	49
1993	32
1994	28
1995	28
1996	28
1997	44
1998	53
1999	101
2000	116
2001	131
2002	124
2003	128
2004	71
2005	45
2006	15
2007	26
2008	106
2009	175

LINCOLN COUNTY VOLUME OF SALES FROM JANUARY 1995 - DECEMBER 2008

	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	TOTAL


January	152	131	134	125	115	109	126	116	152	168	214	172	122	81	2849
February	140	134	104	133	132	113	104	126	123	173	190	196	124	84	2802
March	199	181	140	155	144	163	121	152	160	243	306	244	161	90	3538
April	156	184	168	143	149	130	142	220	152	260	307	216	161	90	3645
May	195	180	174	165	141	134	142	173	192	279	302	229	191	104	3862
June	186	231	154	153	180	179	168	199	242	321	335	255	179	103	4310
July	166	213	158	186	185	161	185	179	261	316	291	201	156	103	4146
August	202	203	176	193	184	163	207	211	241	339	374	267	170	109	4432
September	206	214	177	185	202	181	158	205	254	336	318	184	164	102	4203
October	206	180	198	183	161	168	158	217	272	292	303	217	142	76	3961
November	157	166	116	136	139	147	130	170	182	218	227	176	99	78	3184
December	157	126	145	152	119	111	132	160	213	265	225	113	90	58	3013

TOTAL	2122	2143	1844	1909	1851	1759	1773	2128	2444	3210	3392	2470	1759	1078

LINCOLN CITY RESIDENTIAL REAL ESTATE TRENDS FROM 1995 -2008

MEDIAN SALES REPORT

^{BARE LAND}

Property	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
Type
Oceanfront	$164,000	$160,000	$170,000	$170,000	$179,500	$150,000	$185,000	$185,000	$168,000	$222,500	$275,000	$499,000	$555,000	$595,000
Riverfront	$66,500	$50,000	$55,500	$55,000	$70,000	$43,500	$63,500	$55,000	$64,000	$54,750	$69,000	$91,000	$130,000	$70,000
Lakefront	$90,000	$70,000	$152,000	$97,000	$130,000	$92,000	$96,000	$85,000	$162,000	$150,000	$205,000	$153,000	$98,250	$417,000
View	$45,000	$45,000	$49,500	$50,000	$52,500	$50,000	$56,000	$46,250	$55,000	$60,000	$86,500	$146,750	$161,250	$150,500
Non-View	$27,000	$32,000	$33,000	$35,000	$30,000	$35,000	$35,000	$35,750	$32,000	$39,000	$45,000	$89,900	$76,500	$65,000

^{IMPROVED PROPERTY

Property
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008

Type

Oceanfront
$320,000
$310,000
$267,500
$300,000
$309,500
$339,750
$325,750
$325,000
$415,000
$462,500
$666.500
$780,000
$800,000
$770,000

Riverfront
$117,500
$117,500
$131,000
$132,000
$132,500
$139,500
$125,000
$140,000
$149,000
$163,500
$160,750
$240,000
$225,500
$231,000

Lakefront
$265,000
$175,500
$208,000
$245,000
$230,000
$210,000
$233,000
$272,500
$250,000
$372,500
$477,500
$479,000
$705,000
$600,000

View Homes
$139,000
$140,000
$160,000
$162,750
$162,000
$163,500
$168,500
$165,000
$180,000
$234,000
$275,000
$350,000
$350,000
$350,000

Non-View
$93,000
$100,000
$107,000
$105,000
$110,000
$111,750
$115,000
$124,000
$127,000
$145,500
$184,500
$220,000
$248,000
$247,500

New Constr.
$146,000
$136,000
$156,000
$165,000
$157,500
$179,000
$180,000
$197,000
$214,000
$279,500
$307,000
$391,000
$449,000
$417,500

Per. Prop Mob.
$17,000
$20,000
$25,000
$24,250
$21,500
$13,500
$17,500
$23,000
$27,000
$34,000
$20,000
$21,000
$23,000
$25,000

SnglWide Mob.
$50,000
$53,750
$58,000
$59,500
$55,000
$52,750
$53,000
$51,750
$56,000
$64,500
$72,500
$88,000
$109,000
$89,000

DblWide Mob.
$85,000
$91,500
$93,000
$98,500
$92,000
$104,000
$110,000
$102,500
$113,750
$123,500
$138,750
$168,750
$183,500
$165,000

New Mob.Home
$95,000
$110,000
$90,000
$113,000
$117,500
$106,000
$122,000
$115,000
$126,000
$147,500
$154,500
$198,000
$213,750
$249,750

Condominiums
$105,000
$130,000
$130,000
$154,750
$150,000
$165,000
$156,000
$161,000
$149,500
$195,000
$205,000
$204,000
$231,500
$215,000

All Housing Units

$102,000
$110,500
$125,000
$125,000
$125,000
$130,000
$135,000
$135,000
$146,000
$165,000
$195,000
$240,000
$257,750
$250,000}

BARE LAND
Property	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
Type
Oceanfront	24	27	25	13	26	11	27	30	37	40	22	11	12	2
Riverfront	24	21	17	16	13	10	10	15	25	26	32	20	17	10
Lakefront	7	1	2	8	4	4	2	3	5	5	4	2	2	1
View	149	131	137	129	112	96	84	152	203	356	287	188	98	46
Non-View	223	176	155	128	144	110	101	120	182	285	320	190	82	51

IMPROVED	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
PROPERTY
Oceanfront	41	39	49	51	62	48	52	57	74	82	82	53	34	19
Riverfront	52	42	32	62	55	38	43	51	67	88	74	71	36	32
Lakefront	15	9	15	10	9	14	15	10	24	16	20	14	4	7
View Homes	214	241	241	248	250	258	264	328	348	470	431	354	265	141
Non-View	379	387	303	341	323	268	297	339	393	519	605	431	361	229
New Constr.	86	70	59	55	46	51	47	31	50	101	143	123	138	96
Per.Prop. Mob.	31	34	25	46	48	39	46	51	39	67	82	43	41	38
SnglWdMob.	47	48	37	33	41	36	47	54	37	48	65	49	47	17
DblWdMob.	108	115	100	140	116	118	115	155	190	222	248	216	130	109
New Mobile	30	17	9	15	11	15	19	13	16	37	39	25	29	13
Condominium	83	89	81	104	83	104	81	114	119	149	185	189	140	57

All Housing Units	902	930	831	944	903	846	868	1047	1186	1522	1638	1313	978	544

^{Information for these reports were obtained from the Lincoln County MLS and are deemed to be reliable but are not guaranteed.}

^{All sales in this study are considered arms-length open market transactions}

^{Land categories do not include septic denied or unbuildable parcels. All land included are considered single building sites, not development or forest/farm acreage.}

^{All improved sales include land value except condominiums and the personal property mobile home categories.}

^{The non-view improved category includes only single family stick built residence. Does not include condominiums or mobile homes.}

^{The All Housing Units category includes all improved categories except personal property mobile homes.}

^{I have extensive information available regarding current and historical home, land & commercial sales in Lincoln City and Lincoln County Oregon. I am also able to give you the the sales data for specific areas and neighborhoods. Please e-mail me your requests and I will be happy to obtain the kind of information you seek.

Aloha - John}

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John's Report

JOHN IWAMURA