Inventory on the Oregon Coast and Vacation Rentals for sale remains extremely low

[AJ Wong]

With the turn of the new year and mortgage rates improving buyer activity on the OR & CA coasts, particularly for short term vacation rental eligible homes, is accelerating.

The Oregon Coast is an extremely small market to begin with, but here are some surprising statistics about current inventory:

Bandon - 36 Total Residential listings

Florence- 34 

Lincoln City - 80 

Rockaway Beach - 12!?

Seaside - 33 

Cannon Beach - 13

Keep in mind that a fraction of these properties are eligible for vacation rental permissions.

Our current list counts roughly 15-20 properties that are currently utilized as vacation rentals for sale and another 15 or so that are eligible for a reliable permit. 

Is inventory still limited in your areas? 

Do you anticipate more demand for fewer properties if mortgage rates continue to improve? 

[AJ Wong]

Quote from @Michael Baum:

That is pretty tight @AJ Wong.

Which of those little towns make the most sense as a STR market?

We almost bought in Lincoln City, but flood insurance was insane.

I have a very tight list of both licensed coastal STR's and eligible active listings. Roughly 35 total for the central to north OR Coast. For little towns right now, there are a few permit slots in Nehalem and Seaside for the moment.