Luxury Home Sales Trends

According to The Institute for Luxury Home Marketing formulas, the following trends have emerged:

Clatsop, OR. MLS: The average price for a residential luxury home in Clatsop County was: $ 490,000 for the time frame of: 9/25/08 through 9/25/09.  This figure is calculated by review of all closed sale for that time frame & represents the top 10% of sale for the market. Anything sold at: $ 500,000 and above would be considered an "upper tier" listing.  This number has adjusted significantly from the previous sales cycle of: 9/25/07 through 9/25/08 that reflected a average luxury home sales price of: $ 659,950. 

Evidence shows that the economy has had a huge impact on upper tier sales in this resort destination community where purchase of secondary homes drives the marketplace conditions. 

Marianne Pittard
RE/MAX River & Sea
Certified Luxury Home Marketing Specialist