In our Oregon Coast communities of Astoria, Seaside, Warrenton, and Cannon Beach many opportunities are available for a buyer interested in purchasing a home that has roots in the community, and a story to tell. Our community is lucky to have as many historic homes as we have to help us all appreciate the rich history of our area. These homes are sometimes over 100 years old, some have been preserved, or renovated and brought back to their original architectural style. Some historic homes are waiting for that buyer to bring it back to life. The inventory of housing is still young even though the United States is more than 200 years old. According to the U.S. Census Bureau, less than 10 million houses were built before 1920.
If you are the seller of a historic property, your listing broker must actively market that designation to potential buyers through a number of networks. Gathering of historical data about the home, how it was built, who built it, who has lived in the home over time, these are all important parts of the story for your property. Historic properties sometimes stay on the market longer than others, as it takes a little longer to find the right buyer.
Historic properties can be challenging to place a market value on. These properties are usually unique, and finding comparable sales of historic properties particularly in smaller communities can be difficult. Often the value is inherent for the buyer, there is a real sense of pride when restoring a historic property, and contributing to the preservation effort in a community. There are beautifully restored Victorian homes of various architectural designs in Astoria, and other Oregon coastal towns. Oregon Coast communities value preservation, ours is a good market to invest in restoration, and revive a home to its original style.