Sisters started the year off well, with an increase in sales activity -- from 14 pending and closed sales in December to 19 pending and closed sales in January. Meanwhile, after trending down for several months, the median sales price for Active Single Family Residence listings rose a bit - from $349,450 in December to $365,000 in January (but still a far cry from the 2009 high of $492,500 last June).
The median sales price for Active Residential With Acreage listings, on the other hand, decreased (from $724,000 in December to $711,500 in January, with the 2009 high of $797,000 in August).
Here are a few January highlights of the Sisters real estate market:
LISTING ACTIVITY
Active Residential Listings in Sisters: 143 (79 Single Family Residences; 64
Residential with Acreage)
Contingent Residential Sales in Sisters: 3 (2 SFR; 1 RW)
Pending Residential Sales in Sisters: 12 (9 SFR; 3 RW)
Residential Sales in Sisters: 7 (5 SFR; 2 RW)
Average Days on Market: 231 days for Active SFR listings
297 days for Active RW listings
143 days for the SFR listings sold in December
195 days for the RW listings sold in December
Median Sales Price: $365,000 for Active SFR listings
$711,500 for Active RW listings
$327,800 for the SFR listings sold in December
$411,950 for the RW listings sold in December
INVENTORY
Single Family Residence: 14-month supply (68 sales in the previous 12 months)
Residential with Acreage: 27-month supply (28 sales in the previous 12 months)
SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $119,990
Least-Expensive Residential with Acreage Active Listing: $167,000
Most-Expensive Single Family Residence Active Listing: $1,495,000
Most-Expensive Residential with Acreage Active Listing: $4,900,000
Price Point with the Most Active Listings:
SFR: $200,000-$249,999 & $300,000-$349,999, (each w/10 listings)
RW: $450,000-$499,999& $850,000-$899,999 (each w/6 listings)
If you're interested in studying the market in more depth, below are a number of charts that capture various aspects of the Sisters real estate market in detail.
If you'd like to learn more about the Sisters real estate market, don't hesitate to email me at lisabroadwater@remax.net or call me toll-free at 866-963-2760.
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.
Comments(0)