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Old 02-24-2007, 09:13 AM
 
7 posts, read 20,845 times
Reputation: 10

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Hello, I wanted to post a new thread about the Coos Bay Area. Throughout the Oregon section of this forum many have commented on the Coos Bay Area and its positive and negative sides incomparison to the various communities across the State of Oregon.

My question to the Bay Area residents, has the increased values of home prices in the last five years been a result from an increasing number of residents? In addition, has the increased value of your area also resulted in new businesses and development in your area compared to years previous? For instance, you have a new Home Depot being built, things like that.

Look forward to hearing the comments,
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Old 02-24-2007, 11:14 AM
 
Location: Oregon Coast
1,873 posts, read 4,238,887 times
Reputation: 2801
Well, our realtor recently told us our home has tripled in price on the market since we purchased it less than ten years ago at a price he now admits he thought was too high at the time. We're having a HUGE influx of California residents "escaping". The baby boomers "always wanted to live near the ocean". More people equals more services. I guess you can say we're becoming the New California. Location, location, location.
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Old 02-24-2007, 05:33 PM
 
Location: Oregon Coast
1,845 posts, read 6,858,170 times
Reputation: 1437
Lightbulb Coos Bay Area

Hi Sunset and Seashelly!
I've got to say that things have improved here over the last few years. I live in the bay area but not in Coos Bay. I drive through there at least once a week. I'm out toward North Bend which adjoins Coos bay.

Yes there is an increasing population. Some are coming from California but you see people from other states as well. I see a fair amount of people coming from Washington,Nevada,Arizona and others from Oregon inland areas.

We are changing into more of a resort type of area. Yes there are new businesses going in. Sometimes it's just one small business or a major project which takes time to build. There are a couple of big projects to be build very soon. Plus they are expanding the Airport.

Well I have been told the same thing as Seashelly on the value of my house. I bought almost 4 years ago. We know a realtor who can over to our house one day. He told us how much the house would be likey to sell for and it was 3 times what we paid for it. We are not ready to sell yet. I kind of like it here rain or not. That does not mean the increases will continue at the same rate as they have in the past.

When I bought our house here 4 years back things were not looking good here. Oregon's economy was down in the dumps. It has improved a lot since then. I'm looking for a brighter future for this area and all of Oregon.
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