Looks like both buyers and sellers are gearing up for the spring selling season in Sisters. In March, the number of Active listings increased in both Single Family Residences (from 87 in February to 92 in March) and Residential With Acreage (from 70 in February to 77 in March). Meanwhile, the number of pending and closed sales also increased (in part, no doubt, as a result of the federal homebuyer tax credit): from 10 in February to 21 in March.
Here are a few March highlights of the Sisters real estate market:
LISTING ACTIVITY
Active Residential Listings in Sisters: 169 (92 Single Family Residences; 77
Residential with Acreage)
Contingent Residential Sales in Sisters: 3 (3 SFR)
Pending Residential Sales in Sisters: 9 (7 SFR; 2 RW)
Residential Sales in Sisters: 12 (9 SFR; 3 RW)
Average Days on Market: 212 days for Active SFR listings
261 days for Active RW listings
119 days for the SFR listings sold in March
358 days for the RW listings sold in March
Median Sales Price: $384,900 for Active SFR listings
$675,000 for Active RW listings
$275,000 for the SFR listings sold in March
$185,000 for the RW listings sold in March
INVENTORY
Single Family Residence: 14-month supply (77 sales in the previous 12 months)
Residential with Acreage: 29-month supply (32 sales in the previous 12 months)
SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $109,000
Least-Expensive Residential with Acreage Active Listing: $157,900
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, (13 listings)
RW: $850,000-$899,999 (9 listings)
$350,000-$399,999 (8 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.
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