Cannon Beach Market Data – February 21 2024
Date: February 22, 2024
Market Overview
As of the last 90 days, the real estate market in Cannon Beach has seen a total of 22 homes sold. This brief analysis aims to provide you with valuable insights into the current market trends, helping you make informed decisions when selling your property.
Days on Market Analysis
The average Days on Market (DOM) for all homes sold in Cannon Beach during the last 90 days stands at 81, with the median DOM slightly lower at 78. Interestingly, 10 of the 22 homes sold were on the market for longer than the average, indicating a varied pace in sales activity. This suggests that while some properties are selling relatively quickly, others may require more time and strategic marketing to attract the right buyers.
Price Analysis
The price per square foot for homes sold ranges from $32.43 to an impressive $1320.73, showcasing the wide variety of properties within the area. The average selling price among these homes was $1,090,045, with the median price at $997,000. These figures highlight the premium nature of Cannon Beach’s real estate market, reflecting the desirability and unique appeal of properties in this locale.
Insights and Recommendations
For sellers, understanding these metrics is crucial. The variation in days on market indicates the importance of pricing your home correctly and marketing it effectively to stand out in a competitive landscape. Given the broad price range per square foot, sellers should also consider the unique features and potential upgrades of their homes to maximize their property’s value.
Considering the current market dynamics, sellers in Cannon Beach are positioned to achieve favorable outcomes, particularly if they strategize effectively. Engaging with a knowledgeable real estate professional who understands the local market nuances can further enhance your selling journey, ensuring your property is showcased to its fullest potential.
