Coastal Dreams and Salty Air: Exploring Oregon Coast Real Estate!

Join Joe and Makayla as they take you on a captivating journey through the enchanting world of Oregon Coast real estate. With their passion for the coast and its mesmerizing charm, they explore the joys of owning a beach property and the unique experiences it offers. From breathtaking sunsets to cozy beachfront mornings, you'll learn what makes beach homes so special and discover the hidden gems of the Oregon Coast.

 Episode Highlights:

 1.    What's to Love About Beach Properties? Joe and Makayla share their personal love for the beach and how it has become their happy place. They discuss the allure of beachfront properties and the dual benefits of owning a vacation home and turning it into an investment property.

 2.    Weather and Maintenance: The duo delves into the realities of coastal weather and its impact on property maintenance. They touch on the challenges of maintaining homes in a coastal environment and the importance of choosing the right materials and contractors.

 3.    Navigating Towns on the Oregon Coast: Explore the charming towns along the North coast of Oregon, from Pacific City to Gearhart. Learn about the unique characteristics and attractions of each town, making it easier for you to decide on the perfect coastal destination.

• Pacific City: Where Dunes and Dreams Collide!
• Rockaway: Serene Shores and Affordable Joys of the Oregon Coast
• Manzanita: Unveiling the Coastal Gem Where Dogs and Art Lovers Unite!
• Cannon Beach: A Coastal Jewel with Hidden Charms!
•  Seaside: Embrace the Past, Seize the Future!
• Gearhart: A Secluded Oasis of Coastal Relaxation!

LINKS:

Read more details, see photos and real estate stats  about the  Oregon Coast

Thank you for joining us on this thrilling coastal ride. We hope you've caught the coastal bug and are ready to dive into the magical world of Oregon's beaches. Stay tuned for more exciting episodes as we continue to bring you the best insights into the Pacific Northwest's most captivating destinations!

Thank you for listening to this episode. Stay up to date on the latest trends and insights by subscribing to our podcast and following us on social media.

For more information about buying or selling in the Portland Metro real estate market, please visit www.LivPortland.com or contact us directly.

We appreciate your feedback, so please leave a review and let us know what topics you would like to hear more about.

Transcript

00:00:06:10 - 00:00:20:07

Joe

Welcome to off the record Talking real estate with Joe and Makayla. If you're interested in the Portland, Oregon real estate market and want the unvarnished inside scoop, you've come to the right place. Thanks for giving us a listen.

00:00:20:07 - 00:00:23:15

Joe

Okay. Welcome to the show, everyone. Hi, Makayla. How are you?

00:00:23:15 - 00:00:25:23

Makayla

I'm doing good. How about yourself?

00:00:26:01 - 00:00:30:06

Joe

I'm good. I'm good. It's a beautiful day. It's hot in the hornet out there. 

00:00:30:08 - 00:00:34:20

Makayla

Yeah. You're drinking this hot mystery tea that smells like campfire.

00:00:34:20 - 00:00:39:21

Joe

But, you know, they say that if you drink hot fluids during hot times, it cools down your body.

00:00:39:21 - 00:00:40:19

Makayla

Yeah?

00:00:40:20 - 00:00:43:04

Joe

Yeah. Oh, yeah, That's medically proven.

00:00:43:06 - 00:00:46:04

Makayla

Okay. Saying it here. Yeah.

00:00:46:06 - 00:01:09:10

Joe

Don't look that up. Yeah. So, I mean, I'm having a nice cup of tea and yeah, I'm excited about our topic. This is a topic that's near and dear to my heart and we're going to be talking about Oregon Coast real estate. And one of my dreams is to someday get a place on the coast and we've had a few different opportunities and it never quite came together, but it's going to happen.

00:01:09:10 - 00:01:11:13

Makayla

Yes, it will. We're saying it here.

00:01:11:13 - 00:01:26:02

Joe

Yeah, but I know you've had in your family and in your fiance's family, you guys have had some opportunities with some different beach properties that actually Stephanie and I in the family have been lucky to stay at. And it's fantastic. I just love the beach. It's my happy place.

00:01:26:02 - 00:01:42:17

Makayla

Yeah, me too. As a realtor, too. It's so hard to not look, It's so easy to get distracted and just pull up all the properties at the beach and just start scrolling and, you know, doing the math in your head. I'm going to make this work. And so I find myself looking at it probably at least once a week, maybe more.

00:01:42:17 - 00:01:59:03

Joe

I almost feel like I'm as in-tune to the coast if not more than I am doing. A lot of the neighborhoods that we work here because I'm specifically looking at that two, three, four times a week versus we're looking at stuff when we have properties there, when we have clients that are interested, you know what I mean?

00:01:59:03 - 00:02:00:06

Makayla

Yeah, that totally makes sense.

00:02:00:06 - 00:02:31:12

Joe

So before we talk about different towns on the coast and we're just to kind of give some context here, we're going to be talking about the North coast. and the north coast is defined as Cascade Head, which is a little bit north of Lincoln City. So Cascade Head North is the north coast of Oregon. And those are the towns that we'll focus on today because, you know, that's close to Portland here and it just makes a lot of sense for our listener out there. So let's talk first about what's to love about owning a beach home.

00:02:31:14 - 00:02:32:18

Makayla

What's not to love?

00:02:32:21 - 00:02:35:14

Joe

Golly, you're right. I love everything about it.

00:02:35:14 - 00:02:53:01

Makayla

Me too, I think one thing I really took away from our episode with Mindy, which tune in, if you haven't listened to that, it's a great episode. Her recommendation was to if you're going to buy an investment property and make it a short term rental, buy it in a place so you actually want to visit.  And that really resonated with me.I think.

00:02:53:01 - 00:02:54:04

Joe

Right? 100%. 

00:02:54:04 - 00:02:59:16

Makayla

It can be a fun getaway for the family, but you can also turn it into an investment property, which is the best of both worlds.

00:02:59:16 - 00:03:04:01

Joe

Right! Or you can take it off the market and make it your full time, if that's what you want to do.

00:03:04:01 - 00:03:53:10

Joe

I love the feeling, you know, when you're when you're young, when you're little and like waking up to go watch cartoons, that was probably before your time. Right back in the day, we had three stations. Makayla four felt like craziness when they added a fourth, it was like, Oh my gosh, there's so much more TV to watch. But back in the day we would get up to watch cartoons and it was just a happy place. You know, you get your blanket and you get out in the living room and watch your cartoons. The beach is that for me? Waking up at the beach, getting a cup of coffee and especially being beachfront where you can just, just sit in a chair or step outside and see the waves rolling and hear that just mother Nature in overdrive with the waves and the wind and the seagulls and the birds flying everywhere. It's just heaven. I just absolutely love it. 

00:03:53:10 - 00:04:03:22

Makayla

It is! My one thing. If I'm staying at the beach, I like to stay asleep somewhere. I can hear the ocean. Like if I can open the window and hear the ocean, that's a dream come true.

00:04:04:00 - 00:04:38:20

Joe

Oh, my goodness. I'm with you. So as much as it's a dream, it's also different, you know? And this is a real estate podcast. So we are talking real estate and some things to think about when you're getting ready to invest or thinking about investing in a beach home. The biggest thing is the weather. You know, I mean, the weather is just different and everyone knows that. You go out there and it's like, Oh yeah, it's a little bit windier or the storms are a little bit harder or this or that or whatever, but it's nonstop. I  mean, the days that are 75, 80 degrees and sunny, no wind are you can count on one hand, right?

00:04:39:01 - 00:04:39:14

Makayla

Totally.

00:04:39:19 - 00:04:50:08

Joe

And that's what I love about it in a lot of ways. I love the different seasons out there and I'm almost as happy when it's stormy as when it's completely sunny. I love storms that.

00:04:50:09 - 00:04:56:15

Makayla

Oh, that might be a hot take. I like it. Well,  but when you're standing on the beach, 

00:04:56:17 - 00:04:59:00

Joe

I don't mind it. Bring me to my island. I'll bring the gear.

00:04:59:00 - 00:04:59:10

Makayla

Wind in your face.

00:04:59:10 - 00:05:28:01

Joe

The dogs don't like coming, but they can stay back at the house. You know I'm saying, Yeah, I do love the beach as much when it's stormy as when it's, you know, 75 degrees and sunny. Just because it's. I don't know, I just love it. So anyways, but when it comes to a home, you have to take that into effect because your roof, your siding, anything that's outside gets weathered ten times as fast. 20 times as fast or more than what you might find here in town, don't you think?

00:05:28:01 - 00:05:40:08

Makayla

Yeah. I always look at siding on houses that are closer to the beach I will be interested to chat with contractors or even someone who owns a house at the beach and see how long those things last. Versus homes here in town.

00:05:40:11 - 00:06:12:06

Joe

Yeah, the maintenance upkeep because of the weather and the salty air and everything is a factor. I mean, you really have to factor that  in. But the newer houses that they're building out there for the most part, I think are taking that into account. Whereas the older homes, like you see a lot of homes we're going to talk about seaside. it's an older town on the coast and a lot of those homes have been around for a very long time and they were not built with weather in mind. 

So there's constant maintenance that you have to do on them, right? Yeah. What's the other factor of some things to think about? What would you think.

00:06:12:06 - 00:06:28:01

Makayla

Well there's growing restrictions for use right. For short term rental purposes. Like you are always going to be guaranteed to be approved to use it as a short term rental. Yeah. So that could be kind of dicey.

But I mean, isn't that something you take care of when you're in your due diligence process?

00:06:28:01 - 00:06:57:18

Joe

For sure. Yeah, you need to find that out. But I think that's a great point because a lot of it there was this huge rush to buy beach property and turn it into short term rentals and a lot of people had done extremely well. Some of our clients have done really well with that and they're really trying to throttle that back a little bit. So I think that's a real good point. 

You know, the other thing I was thinking about was contractors, too. We talked about maintenance and, all my contractor friends, I love them, but out at the beach, man, they are on beach time. They’ll get to you when they get to you.

00:06:57:18 - 00:06:58:10

Makayla

They don't care.

00:06:58:12 - 00:07:17:07

Joe

They don't care. And guess what? There's not a lot of choices, right? So if you're thinking about building a place or when it comes to maintenance and everything, you just got to be on top of it and don't wait until it gets bad. Because if it gets bad and you're like, I need you here today. Yeah, it just might not happen. You know what I mean?

00:07:17:09 - 00:07:22:23

Makayla

Yeah. My dad is on the roofing gutter company and he.

00:07:23:01 - 00:07:25:12

Joe

JTs West Coat Roof and Gutters.

00:07:25:12 - 00:07:33:15

Makayla

Little plug there. But he found out recently that there's only one roofing company between Jewel and Gearhart.

00:07:33:15 - 00:07:34:04

Joe

Oh, my gosh.

00:07:34:04 - 00:07:50:14

Makayla

And so he got I don't know if you had to get like another certification. I think it was something he had to get to be able to work out there more often. But he's like, Oh, sure, I guess I'll make the drive if there's more work out there. But he just couldn't believe that. Like, think about all the homes that are in that area and require so much maintenance.

00:07:50:16 - 00:07:53:05

Joe

And there was one roofing company. Boy, they were loving it, until JT showed up.

00:07:54:16 - 00:08:05:20

Joe

Okay, well, let's start talking about some of these towns. I think we start from the south and go north. What do you think?

00:08:05:20 - 00:08:49:00

Joe

These are all my I was about to say one of my favorites on the coast, but I'm looking at the we have six property, our six towns that we're going to talk about and all of them are just fantastic in their own way.

So what we're going to do is we're going to tell you what people like

about these towns individually. Then we're going to talk a little bit about the real estate. So we'll give you kind of an overview in case you're listening and you haven't been to this town. Kind of learn a little bit about it and then we'll tell you a little bit about the real estate. And, you if you're familiar with the Oregon north coast and some of these towns, then maybe you learn something a little bit new. But the real estate update for each one of these, I think, will be interesting regardless. So let's talk about Pacific City. What's the first thing that pops your mind when you hear about Pacific City, 

00:08:49:02 - 00:08:52:07

Makayla

That hill? Oh, my gosh, yes. The dune. That is one of my happy places.

00:08:52:09 - 00:08:53:21

Joe

Cape Kiwanda?

00:08:53:23 - 00:09:03:13

Makayla

We've completely hacked it down to the point where we park. We go put our name down at Pelican Pub, which can take an hour, hour and a half, but that's okay.

00:09:03:13 - 00:09:29:02

Joe

Pelican Brewery is one of the items on my list that people love there. Yeah, it's right on the beach, right at the base of the big, huge dune. And people listening go to our website LivPortland.com and you'll see our latest podcast we always include a bunch of pictures and stats and all sorts of stuff.

And the dune, It is huge. And once you get to the top, where do you see? 

00:09:29:05 - 00:09:33:15

Makayla

Everything.It's beautiful. And I mean, that is a hike. There's a solid workout.

00:09:33:16 - 00:09:36:00

Joe

I'll be honest. I've passed on it many a morning.

00:09:36:02 - 00:09:37:06

Makayla

Oh, yeah. I mean.

00:09:37:06 - 00:09:38:19

Joe

Then it's like it's a once.

00:09:38:19 - 00:09:40:18

Makayla

A day maybe kind of thing.

00:09:40:18 - 00:09:48:23

Joe

Maybe it's not your every day, your stay in there. I'm like, Yeah, I'm maybe twice each visit. It's not every day for me because it's, it's daunting.

00:09:49:01 - 00:10:00:12

Makayla

But the hack is that you put your name down at Pelican and you climb the hill, and then by the time you're down the hill, you're ready to get your table. And then you've really earned that beverage.

00:10:00:14 - 00:10:01:19

Joe

You know what my hack is?

00:10:01:23 - 00:10:02:23

Makayla

What's your hack?

00:10:03:01 - 00:10:06:15

Joe

My hack is to be the volunteer to go put our name down, get a pint, and sit out on their patio and watch the rest of my family go up that hill because you can see them the entire way out. You can then you can turn back and wave. Well, hi, Dad. You're doing great, buddy. Keep going.

00:10:19:05 - 00:10:20:03

Makayla

It's an even better hack.

00:10:20:03 - 00:10:20:13

Joe

Right?

00:10:20:13 - 00:10:21:09

Joe

So there you go.

00:10:21:11 - 00:10:22:11

Makayla

What’s your favorite part.

00:10:22:11 - 00:10:26:04

Joe

You know, the dory fishing there? Do you know the dory boat? You ever see the dory boat?

00:10:26:05 - 00:10:27:00

Makayla

That’s’ really cool.

00:10:27:02 - 00:10:36:23

Joe

So Dory Boats are flat, flat bottomed boats that they take out fishing there. And it's like a big deal. And it's. But those are really cool to see those guys go out there and do their dory fishing out there.

00:10:41:10 - 00:11:27:23

Joe

The beaches there are phenomenal. And you can say that pretty much about all of the Oregon coast. The beaches are just absolutely crazy beautiful. But Pacific City also has that small town feel. Yeah, there's a couple of bakeries and maybe a restaurant or two besides the Pelican. I'm sure I'll get in trouble from people saying, Well, what about this? Or what about that? But yeah, I only recognized the Pelican and a couple of other ones, but it's a small town. So Cape Kiwanda State Natural Area is the dunes, but it's a whole bunch more. So if you love hiking, if you love views, Pacific City is absolutely the best. And ocean drive there with all the houses on it right on the beach it's really really cool it's like Malibu of the north I think it.

00:11:27:23 - 00:11:32:00

Makayla

It is! It's pretty hard to beat. And they have a private airport.

00:11:32:00 - 00:11:33:07

Joe

I did not know that. Really. Have you flown there.

00:11:33:16 - 00:11:35:01

Makayla

No.If you have a private plane or you live close and for whatever reason you were a pilot, you can fly right in.

00:11:42:13 - 00:11:45:20

Makayla

Walk on over to your beach house. It's pretty close too.

00:11:45:22 - 00:12:21:06

Joe

So as far as real estate goes, currently there are 19 homes on the market, with six under $600,000. I thought that was pretty good. I didn't think there'd be too much to choose from under $600K, but there were. That market has really slowed down, pretty much to the same tune as Portland. Portland's down 50 - 55%, Pacific City is down 55%, meaning the number of pending sales right now is half of what there was last year at this time. Part of that is inventory. There's just not that many homes on the market.

00:12:21:06 - 00:12:23:23

Joe

Average sale price is $713,000, which is only down about 1%. So prices are holding steady there. It's just .the lack of inventory. Pacific City, great spot

00:12:33:21 - 00:12:36:06

Joe

So let's move up the beach. Just a touch to Rockaway. What do you think?

00:12:36:10 - 00:13:01:10

Makayla

Oh, My favorite. I'm going to say that I'm going to say that to about every single one of these. One of these, but this one is so near and dear to my heart. We have a good friend who has a beach house here, so we get to go quite often. That is my happy place. It's so private, like the beach. It's just you can't even compare it to, some of these other towns because, yeah, you just don't run into people. I mean, you can sit on the beach for hours and not see a single soul.

00:13:01:10 - 00:13:20:07

Joe

And the waves there are a little bit tamer, I've noticed in like Pacific City or some of the other spots, you can actually go in and swim and not get thrown around by the waves a little bit. But the beaches are perfect sand like everywhere else there. I think that the atmosphere there is really kind of under the radar.

00:13:20:07 - 00:13:21:07

Makayla

And it's sleepy.

00:13:21:10 - 00:13:23:12

Joe

Very sleepy, very relaxed.

00:13:23:12 - 00:13:24:15

Joe

They got that cool beach train that goes up and down. They ever done that?

00:13:27:01 - 00:13:27:20

Makayla

No.

00:13:27:21 - 00:13:28:20

Joe

I haven't either.

00:13:28:22 - 00:13:30:19

Makayla

But always tons of people on the beach.

00:13:30:19 - 00:13:39:21

Joe

I know I want to do it sometime when there's like no one on it. But yeah, I might wait a while I guess. Whale watching is pretty big in that spot as well. 

00:13:40:16 - 00:13:52:19

Joe

And Rockaway, listen to this. Real estate wise, 41 homes on the market with 16 under $600,000. It is definitely one of the most affordable places on the coast.

00:13:52:19 - 00:13:56:15

Makayla

You know, I don't want to tell anyone that, though. Yeah. So little secret spot.

00:13:56:17 - 00:14:05:16

Joe

That's right. Sales are down 24% just because of the the lack of inventory. But listen to this average sale price for $459,000, which is up 6%. So it's going up, people. Okay. It's not a secret.

00:14:10:05 - 00:14:11:04

Makayla

Yeah, not anymore.

00:14:11:17 - 00:14:18:10

Makayla

Okay, next going on up, we have Manzanita. Joe, what's your favorite part about Manzanita?

00:14:18:10 - 00:14:23:16

Joe

And it's one of my favorite towns on the Oregon coast.

00:14:23:18 - 00:14:25:07

Makayla

Shocker

00:14:25:09 - 00:14:35:02

Joe

Uh, so I. Manzanita does have a special place in my heart just because we've spent so many long weekends. Ah, weeks there with, one of our best favorite family friend, the Montgomerys, and they've been out there with us countless times, and we just love everything about it. It's so just laid back. It's kind of artsy. There's some really nice restaurants there, really cool shops to kind of just kind of mosey around. It's under 2 hours from Portland and under an hour and a half for us here in Hillsboro where I live. So it's really, really cool. And the beach can get a little windy compared to some spots.

00:15:03:17 - 00:15:05:14

Joe

But here's a little hack for you people.If you go to the north there in most part of the Manzanita Beach, it's like a cove in there. there's not much wind right there. So we always try to say stay on the northern side of town be able to get out to that northern part of the beach where the wind is a little bit less.

But it is gorgeous. And that drive coming down 101,when you're coming south, it feels like miles above. But when you come around the corner, you can see, look down on the Manzanita. It's a famous photo. Do you know what I'm talking about?

00:15:34:03 - 00:15:37:10

Makayla

I do, yeah. Beautiful.

00:15:37:10 - 00:15:41:05

Joe

I love that. So that's what I love about it and what most people love about it. So, real estate wise, not very affordable.

00:15:45:05 - 00:15:46:12

Makayla

Not at all.

00:15:46:14 - 00:15:57:00

Joe

Not at all. The Secret was out in the seventies, I think. And it's just, you know, So there's only 20 homes on the market with the price point starting at around $800,000.

00:15:57:00 - 00:16:03:04

Makayla

And they have one bedroom and one bath, I’m just kidding. I mean they're tiny.

00:16:03:06 - 00:16:18:15

Joe

They're pretty small. If you want a big honkin, you know, two family rental, you're $1.5M-$1.6M  or more something like that. So pending sales are down about 10%. So they've been outperforming, Portland market by far.

00:16:20:17 - 00:16:21:13

Makayla

Interesting.

00:16:21:13 - 00:16:23:04

Joe

Tell us what the average sale price is.

00:16:23:04 - 00:16:27:17

Makayla

$927,000! Wow.

00:16:27:17 - 00:16:30:16

Joe

Which is flat. So they haven't seen a decline in prices and they haven't seen increase. So it's interesting. Manzanita is a great spot. The Two dogs winery there you know.

00:16:36:22 - 00:16:38:17

Makayla

Oh yeah. We went there last time we were in town

00:16:38:17 - 00:16:43:09

Joe

That’s one of my favorite wine glasses here at home. We bought some there, but I love that spot.

00:16:43:09 - 00:16:44:16

Joe

So that's the other thing about Manzanita that I really like is it's so dog friendly. Most of the rentals are dog friendly. The entire town is cool. A lot of the shops, you can take your pets in there. Lots of really cool things about Manzanita 

00:16:57:22 - 00:17:28:23

Joe

So we're going to go up the coast a little bit like what, 20 minutes north? Oh yeah, of Manzanita. There's Arch Cape in the middle of that, which I kind of consider, Cannon Beach South, but Arch Cape is its own separate little community that fantastic. It's tucked away super private. the beach is fantastic, but most people don't know about it. Cannon Beach is where most people go when they come visit the state of Oregon and want to go to the Oregon coast. Tell me what and I know you love Cannon Beach, Makayla.

00:17:29:01 - 00:17:30:08

Makayla

More than any of them.

00:17:30:14 - 00:17:31:18

Joe

What do you love about it?

00:17:31:18 - 00:17:37:03

Makayla

Oh, the shops and the beach itself is beautiful. It's hard to beat Haystack Rock.

00:17:37:03 - 00:17:39:20

Joe

And Haystack Rock is just iconic.

00:17:39:22 - 00:17:46:09

Makayla

It is. So I don't know if we get lucky every time I go there, but I feel like it's not as windy as other beaches

00:17:46:09 - 00:17:51:06

Makayla

Yeah, you know what? Is that cougar that got stranded on. Did you see that?

00:17:51:08 - 00:17:52:12

Makayla

That was crazy.

00:17:52:12 - 00:17:57:14

Joe

You're going to date our podcast here because it'll be old news here after a little while. But there was a cougar that at low tide went out to Haystack Rock and was just chillin.

00:18:01:16 - 00:18:02:20

Makayla

Totally vibing.

00:18:03:00 - 00:18:05:20

Joe

Waiting on a late lunch, you know? Yeah.

00:18:05:20 - 00:18:10:02

Joe

And some people saw it and were like, That guy is new. And the, the park rangers there came up and closed it all off. So that no one got made dinner. But then they showed on the news. They showed him swimming away.

00:18:20:19 - 00:18:24:10

Makayla

Yeah, I didn't see that swimming by the rock, but.

00:18:24:10 - 00:18:44:13

Joe

Yeah, he didn't need to wait for low tide. He's just like, Yeah, I'm out. Wow, I'm good. There's too many people here now. Too touristy.

And that's kind of how I feel. I love Cannon Beach, but there are so many people there. Yeah, but it is the quintessential beach town, you know what I mean? Like Martha's Vineyard, all that. That's Cannon Beach.

00:18:44:19 - 00:18:46:13

Makayla

Yeah, it's a good point.

00:18:46:15 - 00:18:47:12

Joe

Have you stayed there Mak?

00:18:47:12 - 00:18:52:18

Makayla

Yeah. Yeah. Oh, yeah, Yeah. That's our first pick. If we can find a rental.

00:18:52:20 - 00:18:57:20

Joe

The Stephanie Inn. Have you ever been there? Oh, it's such a cool little hotel.

00:18:58:02 - 00:18:59:13

Makayla

I even like the Hallmark.

00:18:59:13 - 00:19:00:19

Joe

Yeah, the Hallmark's cool too.

00:19:00:19 - 00:19:09:07

Joe

The downtown is filled with so many shops. Boutiques. The restaurants are fantastic. It's, you know, just like Manzanita, it's super dog friendly.

00:19:09:07 - 00:19:10:19

Joe

let's talk real estate, though.

You thought Manzanita was expensive, people. Good Lord. 19 homes on the market with just two below $900,000 right now.

00:19:20:01 - 00:19:21:01

Makayla

Ouch.

00:19:21:03 - 00:19:28:13

Joe

Yeah. July of 2023 to below $900,000 pending sales are down almost 60%. That's a function of the inventory and that's also interest rate, Cannon beach is a place where I've seen more high end sales being financed than anywhere else on the coast.And I think that's really hurt them. Right. Most other places on the coast, when you're talking a million or more, there's a lot of cash sales, right?

00:19:48:11 - 00:19:49:00

Makayla

Okay.

00:19:49:02 - 00:20:01:23

Joe

$1.5 million-$2 million. There's just a lot of cash sales. That's how it works. You know, people save up for their second home and boom, plop it down. Cannon is the spot where I see a lot of financing. And I don't know if that's just in the last six months.

00:20:01:23 - 00:20:14:20

Makayla

Interesting. I was going to ask you why it's so different than Manzanita, because those are pretty two comparable beach towns, especially in terms of location and price point. So I was surprised that there's such a big difference there.

00:20:14:22 - 00:20:24:17

Joe

The average sale price is $1.05 million, which is actually up 4%. So that down 60% in sales has not done anything. People are still paying premium and sometimes over four properties at Cannon Beach. Right.

00:20:36:01 - 00:20:36:20

Makayla

It's wild.

00:20:36:21 - 00:20:47:22

Joe

It is wild, but it's that cool of a place and that sought after when people go to buy a beach house on the Oregon coast, for the most part, they're starting their search at Cannon.

00:20:48:02 - 00:20:51:22

Makayla

Oh yeah, right. Then you quickly back off the deal price and.

00:20:52:00 - 00:20:55:20

Joe

Then you're like, Can we widen this search? Yeah, of course we can.

00:20:55:20 - 00:21:00:17

Joe

And usually the area that we widen it to is our next place up.

00:21:00:18 - 00:21:01:14

Makayla

Yes, it's true.

00:21:01:15 - 00:21:02:11

Joe

Right?

00:21:02:11 - 00:21:07:08

Joe

is it, another 20 minutes north or is it 15, 15 minutes north?

00:21:07:11 - 00:21:11:10

Makayla

I make that drive a lot from seaside to my favorite breakfast spot in Cannon Beach. 

00:21:11:10 - 00:21:19:02

Joe

And so Seaside is one of the oldest. It's an old school beach town. I mean, people have been setting up shop there and building homes since the late 1800s. Did you know that?

00:21:23:19 - 00:21:24:10

Makayla

I did not.

00:21:24:15 - 00:21:29:16

Joe

Yeah. There's an old, old homes, lots of historic cottages and just some really cool places there.

00:21:31:14 - 00:21:34:02

Makayla

Lewis and Clark settled there right?

00:21:34:08 - 00:21:36:06

Joe

Did they? Wow!

00:21:36:08 - 00:21:39:06

Makayla

There’s a whole thing.

00:21:39:08 - 00:21:40:04

Joe

I'm going to have Rica fact check it.

00:21:40:04 - 00:21:44:12

Makayla

There is a Lewis and Clark Road that you walk.

00:21:44:15 - 00:21:47:00

Joe

There’s a Lewis and Clark Road in every town in Oregon.

00:21:47:00 - 00:21:58:10

Makayla

No. Then there's this little thing where they like made salt from the water. We walk by every single time. Mm. And it's all preserved.

00:21:58:16 - 00:22:02:17

Joe

I'm going to, I'm going to go with you on this one. Okay. Okay.

00:22:02:19 - 00:22:03:10

Makayla

Could be totally.

00:22:03:10 - 00:22:08:17

Joe

Right. You know, I'll be fact checking it later. Texting you. Makayla, we're going to have to go redo the pod.

00:22:08:17 - 00:22:12:02

Makayla

Just cut it out.

00:22:12:04 - 00:22:14:09

Joe

I don't think anyone's going to be suing us over that.

00:22:14:09 - 00:22:15:21

Makayla

Yeah, I know.

00:22:15:23 - 00:22:23:05

Joe

So that's what I love about Seaside is the old school vibe, the old prom, the promenade. How cool is that?

00:22:23:05 - 00:22:23:23

Makayla

So cute.

00:22:24:05 - 00:22:32:09

Joe

So for you guys that don't know, there's a promenade, like they call it the prom, and it's has the old, old street lamps and, you know, every juncture on it, and it just. It's so cool. It's paved. It's got some really old concrete work. And you can walk pretty much the stretch of the city, can't you?

00:22:43:22 - 00:22:45:04

Makayla

It’s a long walk too.

00:22:45:04 - 00:22:58:02

Joe

And it's big and wide. So there's bicyclists going. There's lots of people walking, people walking their dogs. Our little Walter, who made a guest appearance on the show a few episodes ago, that was his first beach trip to Seaside and walked on the prom.

00:22:58:02 - 00:22:59:01

Makayla

Yeah, so cute.

00:22:59:05 - 00:23:00:15

Joe

He got barked at by big dogs.

00:23:00:15 - 00:23:01:04

Joe

Oh, did he

00:23:01:06 - 00:23:06:01

Joe

Yeah. That was his first foray into. Oh, well, there's big, huge dogs here.

00:23:06:03 - 00:23:09:17

Makayla

Oh, I love walking that and looking at all the houses. 

00:23:09:23 - 00:23:32:01

Joe

Yeah. And you know, there are a lot of opportunities in Seaside Homes that with a little bit of love and a little bit of creative, design could really be beautiful. And there are some people that have really done some amazing things with homes, but I'm always amazed when we walk that prom how many are still available and we'll be turning over here probably not too long.

00:23:32:01 - 00:23:32:08

Joe

So, Seaside is also town that host all sorts of activities like basketball tournaments it's the finished of the hood to coast relay.

00:23:40:03 - 00:23:41:06

Makayla

The volleyball tournament.

00:23:41:07 - 00:23:43:05

Joe

The volleyball tournaments. There's fishing stuff going on there all the time.

00:23:45:18 - 00:23:47:19

Makayla

Sea Perch Season right now.

00:23:47:19 - 00:23:48:10

Joe

It's what?

00:23:48:10 - 00:23:49:18

Makayla

Sea perch season.

00:23:49:18 - 00:23:50:19

Joe

I didn't know that was a thing.

00:23:50:19 - 00:24:04:05

Makayla

You can fish from the ocean. Put waiters on and go about  waist deep. Oh yeah you can fish there. And watch people do it. 

00:24:04:07 - 00:24:04:22

Joe

Beverage in hand at the prom. That is going to say you are not a Sea Percher

00:24:09:03 - 00:24:53:11

Joe

So Seaside is fantastic. I just I love it at the downtown is really old school. It's got a lot of like you know it's family friendly. There's arcades, amusement parks. It's almost like a carnival type atmosphere. And so. Fun, hot and candy. The smell of caramel in the air. They read it and I forgot the name of this place. I should have looked at that before we did this. But that right on the main drag there is a old theater that they turned into a brewery. Oh yeah. And they still have the big screen and they do like sporting events and movies and stuff like that.

And you can go into the brewery and have a really nice meal and a beverage or two and watch your event or movie or whatever, and it's just really, really cool.

00:24:53:11 - 00:24:56:18

Makayla

That is a really cool spot and that's going to bug me that I can't remember the name.

00:24:56:20 - 00:25:02:15

Joe

I know apologies will put it on the website. Yeah. Okay. So that's Seaside, 46 homes available with seven below $600,000. So seven below $600,000, which is great. Pending sales are down about 20%, which, you know, it's not bad compared to Portland and the rest of the state, that's for sure. Average sale price is a little over $600,000, which surprised me a little bit with they're only being seven below $600,000. How's the average price still?

00:25:27:17 - 00:25:32:10

Makayla

Yeah, that's confusing. Yeah. So so many of those little homes tucked in there. Yeah.

00:25:32:12 - 00:25:45:01

Joe

Huh. Inventory, I think is an issue on that one. Again, prices are down 10%, which kind of surprised me a little bit. but that's okay. So it was over $600k.

00:25:45:01 - 00:25:52:15

Joe

Good stuff. All right. The last Oregon coast town and this one might be my favorite town on the Oregon coast.

00:25:52:15 - 00:25:55:20

Joe

No, just making fun of you. 

00:25:55:22 - 00:26:01:02

Makayla

Like you said, 5 out of 6, 4 of the six towns.

00:26:01:02 - 00:26:17:07

Joe

I know, because the first two, you said it, you're like, Oh, this is my favorite town. Then the very next one, he said, Oh, this is my favorite day. I'm sorry, I shouldn't be making fun of you. That's okay. All right. But Gearhart is an amazing town. It is. It's so much fun. It's the sleepy as they're in town.

00:26:17:07 - 00:26:24:01

Joe

It's small, it's sleepy. They've got a couple of coffee shops, a couple of bakeries, maybe a restaurant or two.

00:26:24:02 - 00:26:27:21

Makayla

Hold on. What's your favorite thing? Now, let's just be honest. Honest?

00:26:28:02 - 00:26:30:03

Joe

The golf course. Yes, Yes.

00:26:30:05 - 00:26:31:12

Makayla

Beautiful golf course.

00:26:31:13 - 00:26:34:10

Joe

Beautiful golf course. Yeah.

00:26:34:10 - 00:26:47:21

Joe

The McMenamins that's right there. Sand trap bar that looks out over the golf course. It's spectacular. It really is a cool spot. And the herds of deer that come through there. Have you seen that?

00:26:47:21 - 00:26:50:18

Makayla

No. That's a known thing.

00:26:52:05 - 00:26:55:19

Joe

Yeah. Oh, wow. I have pictures. I'm going to add it to the website.

00:26:55:19 - 00:26:56:12

Makayla

Please do.

00:26:56:13 - 00:27:21:07

Joe

Yeah. So, yeah, deer are famous for going, you know that. And Gearhart, they're around the golf course. Herds of deer come walking through there. And those things can jump. So, like, there's no fence that you can put up. They have some deer fence, but that's got to be 8 to 10 feet. If it's below eight feet, sorry, They're coming over and they're eating whatever they want. Yeah, it's kind of crazy, but beautiful.

00:27:21:07 - 00:27:25:04

Makayla

Have you experienced that, like staying there or just like, golf.

00:27:25:06 - 00:27:40:06

Joe

Driving around there? Yeah, I well, we stayed there one time years ago when remember getting up. We had an early game and I'm driving kind of fast through right by the golf course and come around this corner and there's just a herd of like 20 deer 

00:27:41:12 - 00:27:42:03

Makayla

That's crazy.

00:27:42:03 - 00:27:51:10

Joe

With like a couple of big what, they weren't moose or anything like that, but they were huge The coup le of the male, the bucks. Yeah, yeah, yeah.

00:27:51:10 - 00:28:19:18

Joe

So, yeah, it was very, very crazy. But people love, love, love Gearhear for how relaxed it is. The golf courses right there. They also have a bunch of historic cottages and homes and they go back to the 1800s as well. So I've shown some properties there to friends and clients that have been looking to buy there. And it's difficult because sometimes there is restrictions, historical restrictions on what you can do with those homes.

00:28:19:20 - 00:28:29:12

Joe

So like if it's a two bedroom, one bath, there, not going to allow you to go in and put another bedroom and another bath in there. And it's if it's historical, you're going to have to keep it the way it is.

00:28:29:14 - 00:28:34:05

Makayla

Oh, interesting, Isn't there a lot of like people who live there full time, too?

00:28:34:05 - 00:28:43:02

Joe

Yes, a lot of full time people there. A lot of full time people there. But I think that speaks volumes about how mellow and just relaxed it is.

00:28:43:05 - 00:28:44:01

Makayla

Yeah, that's true.

00:28:44:06 - 00:28:51:15

Joe

And a little bit north of here, you can actually drive on to the beach. They allow you to drive your your car, your truck onto the beach.

00:28:51:15 - 00:29:02:13

Joe

I remember Stephanie and I did that years ago when we had our lab and let him run around and have a little picnic and everything on the on the back tailgate of our truck that we had at the time.

00:29:02:15 - 00:29:04:20

Makayla

That's fun. 

00:29:04:20 - 00:29:28:12

Joe

Yeah, it's really fun. So let's talk Gearhart Real estate, 26 homes available with eight below $800,000. So a little bit, you know, not quite the same as Cannon, Definitely not the same as Seaside. Pending sales are down 20%. Average sale price is around $900,000, with prices are actually up 13%.

00:29:28:14 - 00:29:31:13

Makayla

The average sale price is $900k?

00:29:31:13 - 00:29:33:07

Joe

And that's up 13% over last year.

00:29:33:07 - 00:29:37:08

Makayla

That's insane. it really is a good spot.

00:29:37:12 - 00:30:08:01

Joe

It really is a good spot. They, you know, we talked up at the top of the podcast about restrictions and stuff. Gearhart is being more restrictive on short term rentals, but a lot of those in there, they have these zones now. And if you buy a home in the zone, the short term rental can be passed along.And I think that's part of the pricing up 13% because people are saying, oh, if I want a short term rental and can be guaranteed of a permit, boom, I can buy in this area here.

00:30:08:02 - 00:30:09:20

Makayla

Oh yeah, that's a no brainer. 

00:30:10:01 - 00:30:16:04

Joe

Yeah.. So and like the rest of the Oregon coast, the beaches there are fantastic. Unbelievably cool

00:30:16:06 - 00:30:20:00

Joe

Like white sand. So pretty.

00:30:20:02 - 00:30:40:13

Joe

I kind of feel like that's an unknown thing outside of Oregon. You know, people come here and I always ask them, Have you been to the Oregon coast? Not yet. And I'm like, Well, you should go the beaches there. Unbelievable. What's so great about them? Like, it's just incredible. And the beaches are sand real fine, wonderful sand. They're like, Oh, really?

00:30:40:15 - 00:30:46:16

Joe

Especially in Washington. You know, I went to high school in Washington and we would go to the Washington coast. It's all rock. 

00:30:46:16 - 00:30:47:23

Makayla

It's not the same.

00:30:47:23 - 00:30:57:08

Joe

Yeah, it's all rocks and gooeys and seaweed. Yeah, Yeah. I've come down to the Oregon coast and it's like, Oh, okay, this is nice.

00:30:57:08 - 00:31:01:02

Makayla

I can almost feel like you're at a California beach if you close your eyes. Enough.

00:31:01:04 - 00:31:04:02

Joe

Yeah. Without the California prices.

00:31:04:03 - 00:31:06:18

Makayla

This is true. 

00:31:06:20 - 00:31:20:23

Joe

Yeah. Yeah. So, uh, I have to ask McKayla. I know every time I say that it's a tough question for you,If you had one beach to go to for the rest of your life that we just went over, which one would it be?

00:31:20:23 - 00:31:24:07

Makayla

I think I would still go with Cannon. Really?

00:31:24:07 - 00:31:25:04

Joe

Wow.

00:31:25:04 - 00:31:32:10

Makayla

But if I had to, like, run away for some reason and go into hiding, I would go to Rockaway. 

00:31:32:12 - 00:31:33:22

Joe

So you're talking Witness Protection?

00:31:33:22 - 00:31:44:17

Joe

Yeah. Uh. Yeah. You've told me stories about your times in Rockaway, so I could see how that would be a good fit.

00:31:44:17 - 00:31:47:07

Makayla

Yeah. Good. Okay, I have to flip the script.

00:31:47:11 - 00:31:48:13

Joe

Yeah, yeah, yeah.

00:31:48:13 - 00:31:50:16

Makayla

You probably have already been thinking about it.

00:31:50:20 - 00:31:52:07

Joe

I have been.

00:31:52:07 - 00:32:09:14

Joe

You know, it's a tough one for me because I love all six of these. I've spent some amazing times in Pacific City, Cannon, Seaside, Gearhart. You know, Rockaway. I haven't spent that much. I shouldn't say that I have spent I have a friend that has a place there that we stayed at on the lake across 101 though.

00:32:09:16 - 00:32:11:22

Makayla

Oh, yeah. That's fun. Yeah. Different experience.

00:32:11:22 - 00:32:18:07

Joe

Yeah, it is a little bit different. I think if, if I just had one place, it'd probably be Manzanita.

00:32:18:09 - 00:32:24:02

Makayla

Hmm. Yeah. It's just hard to beat when you have a beautiful beach and all the shops and the good restaurants.

00:32:24:02 - 00:32:25:05

Joe

And the good restaurant.

00:32:25:05 - 00:32:26:14

Makayla

You really don't need anything else.

00:32:26:14 - 00:32:36:23

Joe

Yeah, and it's the perfect size. I do love Cannon, and I would not pass up a place there if someone said you have to buy something here and gave me %1,000,005. Right?

00:32:37:02 - 00:32:38:11

Makayla

That's the key.

00:32:38:13 - 00:32:44:11

Joe

But it's a little busy for me. When I go to the beach, I want to kind of do my own thing.

00:32:44:13 - 00:32:51:16

Makayla

Yeah. I feel like Manzanita has been busy lately. Plus, um, I've been there. Yeah, pretty busy.

00:32:51:18 - 00:32:54:03

Joe

Plus, they have the Two Dogs Winery.

00:32:54:03 - 00:32:56:11

Makayla

Okay, where would you go into Witness Protection.

00:32:56:13 - 00:32:59:18

Joe

Rockaway, for sure.

00:32:59:20 - 00:33:04:01

Makayla

Should we buy one now? Just in case? I had probably go in houses.

00:33:04:03 - 00:33:14:12

Joe

Knowing our lifestyle right now and how crazy this pod has become, we might have to be on the lam sometime soon. I don't know. We'll see.

00:33:14:12 - 00:33:23:14

Joe

All right. We've come to the end of our Oregon Coast Real Estate Podcast and I'm a happier person just thinking about the coast.

00:33:23:14 - 00:33:26:13

Makayla

You know that I am, too. I feel a little bit lighter living this.

00:33:26:13 - 00:33:28:20

Joe

You look lighter. I think you look happy. Thanks.

00:33:28:20 - 00:33:29:04

Makayla

Good.

00:33:29:07 - 00:33:35:18

Joe

Okay. Nice. All right, everyone. Thank you so much. Any. Any parting words, Makayla, before I sign this off.

00:33:35:20 - 00:33:36:19

Joe

Thank you for listening.

00:33:36:23 - 00:34:07:03

Joe

Yeah. And if you have any interest or any questions or want information on any properties out at the coast, let us know. Reach out. Go to LivPortland.com hit the contact us button and um and we'll be right with you of course to help out however we can but LivPortland.com is where you can find a ton of information on the coast and about the podcast thank you all for listening we really appreciate it and thanks for all the kind words and the mentions and everything.

00:34:07:03 - 00:34:12:16

Joe

Everyone's been very kind so that's wonderful. Thanks so much. We'll talk to you next time. 

00:34:12:16 - 00:34:26:11

Makayla

Thanks for joining us today. If you're interested in finding out more about Joe, myself or the live Portland team, you can go to LivPortland.com Thanks for giving us a listen and see you next time on the Off the Record podcast.