As we begin the new year let’s take a quick review of the Astoria Oregon real estate market for 2011.
We didn’t see big changes in 2011 compared with the previous year, mostly more of the same. The overall number of listings in Astoria did decrease a little (a good thing) while the overall number of sales and the respective sold prices also decreased a little (not a good thing).
Many metro areas around the county that were leading indicators of the coming collapse back in 2006 are beginning to show signs of price stabilization and decreased inventory levels- all signs that point to a recovery of some kind. While nobody can accurately predict what a recovery looks like or when one might occur in the Astoria area I do believe we are getting closer. The next 6 months could be rough as a surge of bank owned properties hit the market but once those are cleared out (sold) there’s a good chance the second half of next year will begin to look brighter.
Here’s a big picture look at how last year compared to 2010:
| 97103 Zipcode, SFR | 2010 | 2011 | % change |
| New Listings | 362 | 309 | (-14%) |
| Units Sold | 126 | 122 | (-3%) |
| Total Sold Volume | $26M | $24M | (-7%) |
| Median Sold Price | $191,500 | $183,750 | (-4%) |
I should also note that the average number of active listings also decreased by 8% in 2011. The main thing I take away from those stats is decreasing inventory levels and a slower rate of decline.
The stats above take in to account every single family detached sale reported in the Clatsop MLS for the 97103 zipcode Jan. 1-Dec 31, including outlying areas like Knappa and Olney.
2010 vs. 2011 Astoria real estate statistics broken down by neighborhood:
| Astoria Neighborhood | 2010 Units Sold | 2011 Units Sold |
| -Astoria (city limits) | 82 | 86 |
| -John Day | 1 | 2 |
| -Knappa/Svensen | 19 | 15 |
| -Lewis & Clark/Y.R. | 16 | 7 |
| -Olney | 3 | 3 |
| -Jeffers Garden | 1 | 2 |
| -River Point | 2 | 4 |
| Total All Areas | 126 | 122 |
No monumental changes at the neighborhood level either with the exception of fewer sales in the outlying areas overall. I did compute changes in median sold price for these areas too. The low number of sales means the output is very easily skewed and the result is misleading so I won’t post it here.
Of the 122 single family detached homes sold in Astoria during 2011 I did dig up a few fun facts:
- Oldest Home: built in 1865
- Newest Home: built in 2010
- Most Expensive: $797,000
- Least Expensive: $10,000
- Largest Home: 5,500 sq-ft
- Smallest Home: 600 sq-ft
- Quickest Sale: 15 days list to close
- Longest Sale: 997 days list to close
Download the complete report
Included in the 2011 Astoria Oregon real estate report:
- address, list price and sold price for each Astoria home reported in the Clatsop MLS
- charts showing trends over the past 12 months including asking and sold price
- changes in the number of listings are sales by month for all of 2011
- lots of great info for home buyers and current home owners
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