CRBJ 10-12

Page 1

NEWS

COMPLIMENTARY COPY

Coast River

October 2012

Covering Clatsop, Columbia, Tillamook, Lincoln, Wahkiakum & Pacific Counties

PUBLISHED THE FIRST WEEK OF EACH MONTH

Fall 2012 r Sale Homes Fo d, ld, News Guar Media, Inc. of Country The Chronicle, Headlight Hera al. tte, Business Journ Beach Gaze t to Cannon The Coast River ties. Supplemen de Signal and Columbia Coun Citizen, Seasi Clatsop and North Coast Tillamook, ln, Linco in n For distributio

A publication

20 pages of regional real estate listings, special section inside!

GILLNETTING

Debate continues as some consider life after gillnetting. Page 18

POLE DANCING

Provocative dance proves healthy and lucrative. Page 20

NEW BUSINESS

BUSINESS JOURNAL

Manzanita rental agent goes to Judge Judy. Page 29

crbizjournal.com facebook.com/coast riverbusinessjournal Volume 7, Issue 10

The American Dream: possible once again? by Felicia Struve Coast River Business Journal

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ith real estate prices trending up and interest rates enticingly low, it would seem a great time to buy. On average, the sale price of the region’s residential property likely bottomed out in January and has been slowly increasing. With a recovering real estate market and mortgage rates below 4 percent, first-time homebuyers, and those looking for second homes or investment properties, are taking notice. “I don’t want to say that a whole lot more people are buying, but there’s more activity,”said Duane Johnson, who owns Duane Johnson Real Estate in Cannon Beach. “More people are looking.” Although the number of commercial and single-family home sales in Clatsop County is still about 20 percent below (year-to-date) what it was in 2007, this year looks to be a markedly better year than 2011. Erik Knoder, a regional economist with the Oregon Employment Department, reported in his September newsletter, “The 12-month average of median sales prices seems to have bottomed out in January 2012 in Clatsop, Tillamook and Lincoln counties and ticked up 1 percent by June. “Average prices in Columbia County show some increase.

Family business has gaze set on the future. Page 19

REAL ESTATE & CONSTRUCTION

C R

Amy Roloff, owner of Living Large Enterprises, president of Amy Roloff Charity Foundation and co-owner of Roloff Family Farms. Photo by Lisa Lamping

Christina Beck and partner Larry Cary say they’re fortunate to have found a house with “good bones,” enough space and a fenced yard for the dogs. Beck said buying a foreclosed home with a low-interest mortgage has made it possible for her to stay in Astoria, even if her financial situation changes. Photo by Felicia Struve

The 12-month average of Columbia County’s prices reached its low point in January 2012

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and was up 3 percent by June.” Says Johnson, “It’s a great time to buy if you can do it. I

BUSINESS LEADER

strations at the Commercial Fishermen’s Festival and with chef Chris Holen of Baked Alaska. Roloff and her family have been the stars of TLC’s “Little People Big World” since 2006. The TV program explores the everyday lives of the Roloff family as they manage logistical and social challenges of dwarfism.

Editor’s Note: Amy Roloff visited Astoria in early September to promote her new cookbook, “Short and Simple Family Recipes.” She gave cooking demon-

Tell us something about your company

QA

I started Living Large Enterprises a couple of years after we

think you’ve seen the bottom of the pricing here.” With “unbelievable” interest rates and “soft” prices, he said buyers truly are getting more house for their money. Given his location in the vacation community of Cannon Beach, Johnson said that 95 percent of the buyers his brokerage works with are looking for a second home. Astoria mortgage broker Greg Cross of Northwest Lending Group said first-time homebuyers Duane Johnson are making up the majority of his customers. “They don’t have a house [they need] to sell in a down market in order to buy,” Cross said. Greg Cross Without the burden of an existing home, those first-time homebuyers have been able to seize advantage of the low prices and interest rates. “Prices are down, so they get more house for the money and rates are low,” Cross said. He said buyers with a credit

HOME, page 5 started doing “Little People Big World.” People started asking me to do speaking engagements. At the time, I was trying to decide what direction I wanted to go in. I thought, “Wow! This could be something worthwhile I could pursue.” When the show was running regularly, I had so many requests to talk or host events that I didn’t need to market it. I really didn’t get into the marketing until the last year and a half. I think I could have started marketing a bit sooner.

Q&A, page 3


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