Shoreline Ridge Bucks Trend, Sells 30 Percent in Eight Weeks
According to a recent feasibility study conducted by Ragatz Associates, Oregon Coast condominiums sell at a typical pace of 0.4 to 0.9 per month. With virtually none, going back 22 years, exceeding 1.0 per month over the period of developer sales.
Oregon Coast's Shoreline Ridge, luxurious beachfront condos with a beautiful view of historic Nye Beach, sold 30 percent of its units in just eight weeks during a slowing real estate market.
Newport, OR (PRWEB) October 12, 2007 -- Shoreline Ridge, luxurious beachfront condos with a beautiful view of historic Nye Beach, sold 30 percent of its units in just eight weeks during a slowing real estate market.
According to a recent feasibility study conducted by Ragatz Associates, Oregon Coast condominiums sell at a typical pace of 0.4 to 0.9 per month. With virtually none, going back 22 years, exceeding 1.0 per month over the period of developer sales.
"We have had three offers since the Fed lowered the rate by a half point," says Tom Gerding, co-developer and builder of Shoreline Ridge. "Even though real estate indicators have had a downward trend, our Newport development has jumped out with success."
With only 17 remaining, these exquisite spaces are a vacationer's dream come true and are priced to sell from $525K. Make time to visit a model before it's too late.
There are four and half miles of wide-open sand awaiting your footprints, steps from the doors of Shoreline Ridge. After browsing the neighborhood's boutiques and bookstores, and grazing through the bakery and bistros, come home to Shoreline Ridge and enjoy the views of Yaquina Head Lighthouse and a breath-taking sunset.
Shoreline Ridge offers a variety of floor plans expertly crafted with luxury amenities not typical of Oregon Coast properties. The stylish 3-building design, each with three stories, totaling 24 units sits on the bluff of Nye Beach, offering 180-degree unobstructed views of the Pacific Ocean, including picturesque Yaquina Head Lighthouse to the north.
Each one of these spacious two and three bedroom European-style flats, ranging from 1,260 - 1,575 square feet, offers its own personal overlook deck with amazing views that must be seen to believe.
Shoreline Ridge
Located on Newport's historic Nye Beach, which was recently named as one of "the top 10 beaches to stroll" by Sunset magazine, Shoreline Ridge provides luxury beachfront living. Quaint shops, boutiques and restaurants are all near-by, offering a vibrant nightlife. Newport has been dubbed the "Hub of the Central Oregon Coast" and the "Dungeness Crab capital of the World." For more information about Shoreline Ridge, please visit: http://www.shorelineridge.com
Media Contact
Christopher Stewart
503.635.0007
christopher@fish-marketing.com
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