This is shaping up to be a record year for home and condo sales in Manzanita/Neahkahnie. Our previous home/condo sale record was in 2002 with 72 sales. This year there have been 74 sales with another 5 that are sale pending that should close by the end of the year. Although we are seeing record numbers of sales, I now consider this to be a balanced market with close to six months of inventory. Perhaps, at some point in 2015, this will cross over into a Seller’s market (with less than 6 months of inventory).
Lot sales have shown some improvement this year with 15 sales. As the U.S. economy continues to get healthier and fill people with more confidence, lot sales and construction will increase.