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Brookings, Oregon ~ Real Estate Market Report for May 2008

By
Services for Real Estate Pros with Real Estate Consultant
Brookings, Oregon

Market Report May 2008 for Brookings, Oregon
Information gathered from Regional Multiple Listing Service

5/1/2008- 5/31/2008 There were 16 residential homes sold in these areas:
City of Brookings, Airport, Marina Heights, North Bank Chetco River, Harbor, Whinchuck,
South Bank Chetco River, Carpenterville, Cape Ferrello and Whaleshead.

The average sales price was $306,063 and the average days on market was 256.
The sales price versus listing price average was 93.69%.

There are 324 active residential home listings in these same neighborhoods and the
average list price is $434,520.

Luke Rummell
A1 Realty.Com - Newport, OR

 WE MISS JB WHITE AND THE UPPER AND LOWER  WINCHUCK' WE MISS DONNIE DOTSON A SUPERB AND AWESOME K-9 OFFICER, WE MISS THE SALMON AND THE CRABBING, AND THE OUTDOOR LIFE.. WE LOVE BROOKING AND HARBOR AND ALSO THE SMITH RIVER AREA...

Jun 04, 2008 11:40 AM
Jesse Clifton
Jesse Clifton & Associates - Fairbanks, AK

Wow... that's a steep DOM.  Sounds like prices still need to go down a little.  That's also a pretty big disparity between the sold price and the actives.  

Jun 04, 2008 12:41 PM
Lori Franks
Real Estate Consultant - Brookings, OR
Brookings, Oregon

Luke- Thanks for the call, it's always nice to talk to you. If you miss it so much you should come home!

Jesse- Pricing properties right is the key to selling them! And I am seeing price reductions almost every day. Coupled with the increase of solds I am very optimistic about the summer selling season.

Jun 05, 2008 05:59 AM