The snow is falling here in Sunriver, Holiday lights are twinkling, and skiers are flying down the slopes of Mt Bachelor once again. It's a good time to take a look at 2007 and see how home sales have been in Sunriver this year.
In 2007, 139 Sunriver homes have sold, with sales pending on another 8 homes currently, to make a 2007 total of 147. This represents a 15% decrease in Sunriver sales from 2006, when there were 173 home sales. The median home that sold in 2007 in Sunriver had 3 bedrooms, 2.5 baths, with 1996 square feet of living space. The median list price was $562,500, with a selling price of $555,000. The median number of days a home took to sell in 2007 was 113.
In 2006, the median home that sold in Sunriver had 3 bedrooms, 2.5 baths, with 2015 square feet of living space. The median list price was $585,000, with a selling price of $575,000. The median number of days a home took to sell in 2006 was 84.
So what does all this mean? Sunriver homes in 2007 took about 30 days longer to sell. Median home prices only dipped 4% in 2007, supposedly a down market year.
In summary, we don't see 2007 as having been a down year, but rather a flat year. That has been the findings for most second home markets. For those looking to get into the market, now might be a good time. The statistics seem to show a flat trend. Is it the bottom? It's anyone's guess, but does it have to be at the bottom to be a good deal? Oftentimes, while waiting for the bottom it will slip by without anyone noticing and then it becomes a rising market. Food for thought.....
Comments(1)