Now that we’ve welcomed in 2012, it’s a good time to look back and see how the various Central Oregon real estate markets fared in 2011.
To get a sense of how each compared to the previous two years and to each other, I charted the progress (or lack thereof, in a few instances) of the Bend, Redmond and Sisters Single Family Residential (SFR) and Residential with Acreage (RW) segments in four general categories for 2009, 2010 and 2011.
I tracked the total number of sales for each year, along with the average price of homes sold, the total volume of sales and the days on market (DOM), which is now paired with cumulative days on market (CDOM).
Of the three primary markets, Sisters made the most overall progress (especially with regard to its RW listings). On the other hand, Bend’s SFR market stumbled a bit, while its RW listings saw a slight improvement. Redmond also had mixed results –- with fewer sales and a lower sales price among its SFR listings but notable improvement among its RW listings.
Here’s a more detailed overview of how each area fared:
Bend Sales activity in Bend saw little change from 2010 to 2011. Its SFR sales actually decreased slightly: down from 1,690 in 2010 to 1,689 in 2011 (although higher than 2009’s 1,564 sales). However, with 255 sales, Bend’s RW segment did see an increase in 2011, compared to 213 sales in 2010 and 155 sales in 2009.
When it came to the price of the listings sold, both SFR and RW listings saw a decrease. In 2011, the average sales price of SFR listings was $238,099, compared to $244,680 in 2010 and $265,831 in 2009. The average price of RW listings sold in 2011 was $354,981, compared to $386,670 in 2010 and $450,998 in 2009.
In terms of sales volume, Bend’s SFR listings saw a decrease, while RW listings saw an increase. For 2011, the total sales amount for SFR listings sold was $402,149,646, compared to $413,509,736 in 2010 and $415,759,990 in 2009. Meanwhile, the total sales amount for RW listings was $90,520,039, compared to $82,360,628 in 2010 and $69,904,659 in 2009.
As for days on market, there were only slight shifts in both segments for 2011 (one saw a slight increase in DOM: the other saw a slight increase in CDOM), but both have had a significant reduction since 2009. In 2011, SFR listings had an average of 138/154, compared to 143/180 in 2010 and 163/213 in 2009. In 2011, RW listings had an average of 171/205, compared to 172/243 in 2010 and 185/261 in 2009.
Redmond Like Bend, Redmond saw a decrease in the number of SFR sales for 2011, although its decrease was more substantial. In 2011, there were 658 SFR sales, compared to 727 in 2010 and 634 in 2009. RW sales, on the other hand, were up substantially (also like Bend). In 2011, there were 84 RW sales, compared to 64 sales in 2010 and 56 sales in 2009.
When it comes to the average sales price of homes sold, SFR listings saw a decrease, while RW listings actually saw an increase (a rare thing, these days). In 2011, the average sales price of an SFR listing sold was $137,203, compared to $142,425 in 2010 an $170,515 in 2009. The average price of an RW listing, on the other hand, was $256,629, compared to $249,069 in 2010 and $346,799 in 2009.
Not surprisingly, overall sales volume for SFR listings was also down. In 2011, the total amount for SFR listings sold was $90,279,764, compared to $103,542,942 in 2010 and $108,106,428 in 2009.
As for days on market, there was little change in SFR listings but a fairly dramatic increase among RW listings. In 2011, SFR listings saw 148/181, compared to 135/186 in 2010 and 158/221 in 2009. In 2011, RW listing saw 225/274, compared to 161/220 in 2010 and 202/328 in 2009.
Sisters Both SFR and RW listings saw an increase in the number of sales for the past three years. In 2011, there were 95 SFR sales, compared to 88 sales in 2010 and 70 sales in 2009. There were 63 RW sales in 2011, compared to 54 sales in 2010 and 26 sales in 2009.
When it came to the average sales price of homes sold, both SFR and RW listings saw a decrease in 2011. SFR listings sold for an average of $248,019 in 2011, compared to $295,488 in 2010 and $372,483 in 2009.
In terms of sales volume, SFR listings saw a decrease while RW listings saw an increase (and a significant improvement since 2009). The total amount of SFR sales for 2011 was $23,561,771, compared to $26,002,979 for 2010 and $26,073,795 for 2009. The total amount of RW sales for 2011 was $28,836,950, compared to $25,841,375 in 2010 and $10,471,900 in 2009. The total volume was actually higher than for SFR sales, which was not the case for Bend or Redmond.
As for days on market, SFR listings sat on the market longer in 2011, with an average of 228/264, compared to 188/247 in 2010 and 222/245 in 2009. On the other hand, RW listings saw less time on the market, with 215/288 in 2011, compared to 237/292 in 2010 and 169/228 in 2009.
Want to learn more about what's happening with the Bend, Redmond or Sisters real estate markets today? Then don't hesitate to call me at 541-480-0987 or email me. I'd be glad to assist you whether you're buying or selling real estate in Central Oregon.
About the Author: Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.
It isn’t every day I list a property like 2446 NW Dorion Way in Bend’s NorthWest Crossing. But then, it isn’t every day that anyone lists a property like this one — there are only a handful of homes like it in Central Oregon.
One thing that makes this home so special (and it is, in fact, extremely special) is that it’sLEED Platinum-certified. That means it has achieved the global benchmark of high-performance green-building standards. By attaining this prestigious level of LEED certification, it can be counted among the greenest buildings in the world.
So not only does the home generate much of its own power and hot water, but it was designed for more healthier living using as many renewable resources as possible. Best of all, it was designed by the homeowner, architect ML Vidas, whose goal wasn’t just to create something that was “green,” but to also create something that was beautiful and comfortable. And in that she has succeeded –- the home she designed for herself and her husband, Allan Staley, is indeed a beautiful, very livable residence that is a reflection of its Central Oregon surroundings.
For a closer look, check out the video tour below, hosted by owner/architect ML Vidas:
More About 2446 NW Dorion Way
Built in 2008 by SolAire Homebuilders
2,243 square feet in two stories
4 bedrooms, 3 baths
Solar power, solar hot water, in-floor radiant heat
Superior construction with 8-in. staggered-stud walls
Whole-house ventilation system with ERV
High-efficiency vinyl windows with insulated Hunter Douglas honeycomb shades
Low- or no-VOC paints, finishes & sealants used throughout
Open floor plan, with master bedroom on the main level
Cook’s kitchen with top-of-the-line stainless appliances, custom knotty-alder cabinets, PaperStone countertops, hand-blown glass pendant lights & built-in recycling center
Many custom alder built-ins throughout the house
Travertine tile, slate, hickory and woven bamboo flooring
Low-maintenance xeriscape landscaping with native plants & fruit-producing trees
About the Author: Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Bend, Sisters, Tumalo and Redmond. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.
Original photograph taken in McKenzie Bridge, OR by Lisa Broadwater, Broker, GRI; RE/MAX Revolution, 625 N. Arrowleaf Trail, Sisters, OR, 97759. 541-549-3333. All rights reserved and may not be reproduced or reprinted without express written permission For more images, visit www.CentralOregonHome4You.com.
Okay, all you would-be foreclosure-sale home buyers in Central Oregon, here’s a handy resource for you. The Deschutes County Sheriff’s Office is now posting on its website helpful information about the properties it sells as a result of bank foreclosure.
Each Thursday beginning at 11 a.m., the sheriff’s office auctions off properties that have been foreclosed upon. Up until now, most folks have accessed lists of the properties that will be sold by visiting the county courthouse, where the lists are posted, or via a “Notice of Sale” that runs in the local newspaper. (There are also several websites that post nationwide lists, such as RealtyTrac,Foreclosure.com and ReconTrust, which may charge you or make you jump through some hoops before sharing all the relevant information.)
Now there’s an online list of exactly what properties will be sold at the sale furnished by the source of the sale –- which, by the way, is about to not be held on the courthouse steps. As of Nov. 1, the sale will move to the county sheriff’s office (63333 W. Hwy. 20).
The current list includes properties for sale on Nov. 10 and Nov. 17; it also lists the amount of any required opening bid. To find out what you’ll need to know/do before you buy a property on the courthouse steps, check out the bidder’s page for details and suggestions.
If you'd like help navigating the world of REO purchase -- which can be a daunting process to the uninitiated -- please don't hesitate to contact me. I'd be glad to help.
About the Author:
Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.
Original photograph of a summer sky in Tumalo, Oregon, taken by Lisa Broadwater, Broker, GRI; RE/MAX Revolution, 625 N. Arrowleaf Trail, Sisters, OR, 97759. 541-549-3333. All rights reserved and may not be reproduced or reprinted without express written permission For more images, visit www.CentralOregonHome4You.com.
Original photograph of a summer rainbow in Tumalo, Oregon, taken by Lisa Broadwater, Broker, GRI; RE/MAX Revolution, 625 N. Arrowleaf Trail, Sisters, OR, 97759. 541-549-3333. All rights reserved and may not be reproduced or reprinted without express written permission For more images, visit www.CentralOregonHome4You.com.
About the Author: Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.
Original photograph of sunset in Tumalo, Oregon, taken June 21, 2011 by Lisa Broadwater, Broker, GRI; RE/MAX Revolution, 178 S. Elm, Sisters, OR, 97759. 541-549-3333. All rights reserved and may not be reproduced or reprinted without express written permission For more images, visit www.CentralOregonHome4You.com.
About the Author: Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.
After several months of rather dramatic fluctuations in the median price of Active listings, the Tumalo real estate market experienced another sizable increase. After falling from $649,900 in February to $589,000 in March then bouncing up to $649,900 in April, it rose again in May, to $694,000. That's the highest it's been since December 2010.
It's almost as if Tumalo's sellers were all notified that two of the seven sales in May were for more than a million dollars (and a third was close, at $899,000) and decided to act accordingly. It's been quite some time since any locale in Central Oregon saw multiple million-dollar Residential with Acreage sales in a single month.
Actually, the overall increase in list price can be attributed to the fact that seven of the 14 new listings were priced at $800,000 or more (with one at $3,400,000). In fact, by the end of May, only 12 of the 65 Active listings were priced below $400,000. That's just what Tumalo doesn't need: more competition at the high end of the market, where buyers are harder to come by.
It'll be interesting to see if those million-dollar buyers continue to choose Tumalo as their Central Oregon destination of choice (there were no other million-dollar sales of Residential with Acreage listings in Deschutes, Jefferson or Crook counties in May). If so, a higher price tag may be the trend in Tumalo.
Although the overall inventory did increase slightly this month (from a 10.3-month supply in April to a 10.8-month supply in May), Tumalo is still in much better shape than it was two years ago at this time (when there was a 33-month supply!) or a year ago (when there was a 14.2-month supply).
As a horse-property specialist, Tumalo has always been of particular interest to me because that's where you'll find many of the most desirable horse properties in Central Oregon. Because its boundaries are up to interpretation, please consider the following statistics a general barometer of the area's real estate activity that includes most, but not necessarily all, of the listings in Tumalo.
Here are a few May highlights of the Tumalo real estate market:
LISTING ACTIVITY Active Residential With Acreage Listings in Tumalo:65 Contingent Residential With Acreage Sales in Tumalo:0 Pending Residential With Acreage Sales in Tumalo:4 Residential With Acreage Closed Sales in Tumalo:7 Average Days on Market:237 days for Active RW listings 428 days for RW listings sold in May
Median Sales Price:$694,000 for Active RW listings $439,000 for RW listings sold in May
INVENTORY: Residential with Acreage: 10.8-month supply (72 sales in the previous 12 months)
SALES PRICE: Least-Expensive Residential with Acreage Active Listing: $190,000 Most-Expensive Residential with Acreage Active Listing: $3,400,000 Price Point with the Most Active Listings: $450,000-$499,999 (8 listings) Listings at $1,000,000 or more:18
About the Author: Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com
I just listed an exceptional parcel at the Ridge at Eagle Crest. It's located on Sundance Ridge Loop, an area of high-end custom homes.
It's a little over a third of an acre, has gorgeous views of the Ochoco Mountains, backs to a three-acre common area and has direct access to the Ridge hiking/biking path.
Those familiar with Eagle Crest may know that the popular resort was purchased by Northview Hotel Group last November. Renovations are already underway to the hotel and conference center, so it seems clear that Northview is committed to maintaining Eagle Crest's already strong reputation as a destination location for both vacationers and full-time residents.
Here's a closer look at the parcel below. Hope you enjoy the view!
About the Author: Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.
Original photograph taken by Lisa Broadwater, Broker, GRI; RE/MAX Town & Country Realty, 178 S. Elm, Sisters, OR, 97759. 541-549-3333. All rights reserved and may not be reproduced or reprinted without express written permission For more images, visit www.CentralOregonHome4You.com.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Now that we’ve welcomed in 2012, it’s a good time to look back and see how the various Central Oregon real estate markets fared in 2011.
Sales activity in Bend saw little change from 2010 to 2011. Its SFR sales actually decreased slightly: down from 1,690 in 2010 to 1,689 in 2011 (although higher than 2009’s 1,564 sales). However, with 255 sales, Bend’s RW segment did see an increase in 2011, compared to 213 sales in 2010 and 155 sales in 2009.
Like Bend, Redmond saw a decrease in the number of SFR sales for 2011, although its decrease was more substantial. In 2011, there were 658 SFR sales, compared to 727 in 2010 and 634 in 2009. RW sales, on the other hand, were up substantially (also like Bend). In 2011, there were 84 RW sales, compared to 64 sales in 2010 and 56 sales in 2009.
Both SFR and RW listings saw an increase in the number of sales for the past three years. In 2011, there were 95 SFR sales, compared to 88 sales in 2010 and 70 sales in 2009. There were 63 RW sales in 2011, compared to 54 sales in 2010 and 26 sales in 2009.
It isn’t every day I list a property like 
Okay, all you would-be foreclosure-sale home buyers in Central Oregon, here’s a handy resource for you. The Deschutes County Sheriff’s Office is now posting on its website helpful information about the properties it sells as a result of bank foreclosure. 
After several months of rather dramatic fluctuations in the median price of Active listings, the Tumalo real estate market experienced another sizable increase. After falling from $649,900 in February to $589,000 in March then bouncing up to $649,900 in April, it rose again in May, to $694,000. That's the highest it's been since December 2010.
;)
;)
;)
