A stunning house in Depoe Bay recently set a new record as the most expensive residential real estate sale on the northern Oregon coast, fetching a whopping $1.6 million. This sale was part of a total of 55 residential real estate transactions that occurred in the area in the past week, with an average price of $542,349 per property and an average price per square foot of $328.
Some notable sales from the week include a single-family residence at 4550 Blue Heron Way in Neskowin, which sold for $737,000 at $394 per square foot. In Arch Cape, a detached house at 31968 Shanks Lane sold for $840,000 at $469 per square foot. In Seaside, a single-family home at 164 Alpine Street fetched $875,000 at $312 per square foot. Additionally, a property at 24486 Bridge Court in Philomath sold for $907,000 at $249 per square foot, and a house at 844 Greenridge Street in Manzanita was sold for $955,000 at an impressive $575 per square foot.
The top sale before the $1.6 million Depoe Bay property was a single-family residence at 177 College Ave in Manzanita, which sold for $1 million at $538 per square foot.
These sales data were generated by Real Estate Newswire, a service by United Robots that utilizes machine learning to analyze data from Propmix, a national real estate data aggregator. The report provides insight into the recent real estate market trends and transactions on the northern Oregon coast.
Source
Photo credit www.oregonlive.com