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Preforeclosure Homes in Cannon Beach, OR 97110

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Living in Cannon Beach, OR

Cannon Beach, a charming coastal town in Oregon, is renowned for its stunning ocean views and unique resident lifestyle. This picturesque destination is famous for Haystack Rock, a massive sea stack on the beach that draws tourists and nature lovers alike. The town offers a vibrant arts scene, delightful shops, and locally sourced dining options, creating an inviting atmosphere for both residents and visitors.

Current Market Conditions in Cannon Beach, OR

The real estate market in Cannon Beach is showing steady growth, with increased interest from both homebuyers and investors. As a highly desirable coastal location, properties in Cannon Beach often see competitive bidding, leading to rising prices. The town's blend of stunning natural beauty, creative culture, and community spirit continue to attract a diverse range of buyers.

As with many markets, the recent rise in interest rates has somewhat impacted the pace of sales in Cannon Beach, but demand remains strong. The annual appreciation of property values has remained positive, and although inventory levels are lower than usual, homes that are well-maintained and priced appropriately tend to sell quickly.

Home Value Estimator For Cannon Beach, OR

There are currently 1,719 real estate properties in Cannon Beach, OR, with a median automated valuation model (AVM) price of $1,024,405.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cannon Beach, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cannon Beach, OR, is $1,218,372.00, with the most expensive house in Cannon Beach, OR, topping out at $6,293,200.00 and the cheapest home in Cannon Beach, OR, clocking in at $88,081.00. In other words, there’s something for every potential homebuyer or savvy investor in Cannon Beach, OR!

Rent Prices In Cannon Beach, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cannon Beach, OR, is on a rollercoaster ride. The average rent price in Cannon Beach, OR, is $1,619.00. Indeed, when looking to rent in Cannon Beach, OR, you can expect to pay as little as $720.00 or as much as $3,820.00, with the average rent median estimated to be $1,580.00. The good news is that finding an affordable and desirable property to rent in Cannon Beach, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cannon Beach, OR 97110 Preforeclosure Homes


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