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Brookings, Oregon Market Report ~ October 2008

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Market Report May Brookings, Oregon

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

10/1/2008- 10/31/2008 There were 11
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 $280,033 and the average days on market was 337.
There are 10 pending sales and 26 new listings.
There is a total of 293 active residential home listings in these same neighborhoods.

Comparing October 2008 with October 2007, pending
sales fell 55.9%. Closed sales also fell 45.9% and new
listings decreased 21.6%.

Comments (2)

Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

That is some scary numbers...DOWN 55%? That is not good, how many agents do you have down in your area? 11 Sales, I'm guessing there are a lot more agents than that!

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Nov 14, 2008 10:59 PM
Lori Franks
Real Estate Consultant - Brookings, OR
Brookings, Oregon

Todd- It is very super scary. We have just over 100 agents and PB's combined. Also did you notice the days on market....that really jumped up from last month.

Nov 15, 2008 01:50 AM