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Three Rivers South Oregon February Market Report

By
Real Estate Agent with West + Main

Three Rivers South is most likely one  of the most confusing areas to the buyer.  The Three Rivers South area generally speaking is the area from Spring River Road (the road at Sunriver Junction off HWY 97) to La Pine State Recreation Road.  When you search for homes in this area you will find that they have a Bend address and they all share the zip code 97707 - the same zip code that Sunriver uses.  When you search for real estate this can cause confusion.

Three Rivers South does include Crosswater Vandevert Ranch and Caldera Springs, these three communities are completely different than the remaining area of Three Rivers South.  To help the buyer know what is available in each area you can download the list of available properties by neighborhood and sometimes in a price range.  All stats and reports are taken from searching the Central Oregon REALTORS® Association MLS on this date.

 Three Rivers South

There are currently 106 frame built homes listed for sale in Three Rivers South 76 of these homes are under $500,000.

76 Homes are priced under $500,000 average a sales price of $321,271, 1725 square feet and are priced on average at $189 a square foot.  Complete List of homes under $500,000 in Three Rivers South.

30 Homes are over $500,000 with an average sales price of $834,840 with an average of 2536 square feet, at an average rate of $353 a square foot.  Complete List of homes over $500,000 in Three Rivers South.

Three Rivers South has 25 Manufactured homes for sale - the lowest priced is $125,000 the highest is $595,000 with an average of $229,168 - average square footage is 1496 with a price per square foot of $158.  Complete List of manufactured homes in Three Rivers South.

Caldera SpringsCaldera Springs

Caldera Springs is the newest hot spot in Central Oregon.  Caldera Springs is located just across South Century Rd from Crosswater and complements the natural beauty of the area.  Caldera Springs still has lots available as well as 12 new homes ready for sale, including a few of the "cabins" that make up the resort area of this beautiful resort prices vary from $850,000 to $1,595,000. 

Currently there are 37 lots for sales many with mountain, golf course or water views.  Caldera Springs has 4 nice man made lakes with a beautiful stream that runs through it connecting the lakes together.  Lots are priced from $275,000 to $509,000.  Complete List of Caldera Springs Properties.

 Crosswater

Crosswater is known for it's world class golfing, The Big Deschutes, Little Deschutes, Mt. Bachelor Views and breath taking homes.  You will currently find 6 homes for sale ranging from $975,000 to $2,795,000.  There are 3 lots ranging from $525,000 to $595,000, most of the homes and lots of Crosswater feature at least one of the views mentioned above.  Complete List of Crosswater Properties.

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Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro
Thesa, Three River South sounds like a nice area. I was a little surprised at how much manufactured homes were going for.  How much land are they are on typically?
Feb 10, 2008 02:40 PM
Thesa Chambers
West + Main - Bend, OR
Principal Broker - Licensed in Oregon
Marchel - the average in Three Rivers South is half an acre to an acre -
Feb 10, 2008 02:44 PM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor
Awesome photos Thesa!  I have noticed lots of posts without photos lately, but they add so much to the post and make it much more fun to read. 
Feb 10, 2008 02:48 PM
Thesa Chambers
West + Main - Bend, OR
Principal Broker - Licensed in Oregon

Joanne - thanks - I know I get lazy about photos every once in awhile too...

Feb 10, 2008 04:29 PM
Jeanean Gendron
The Address Realty - Redding, CA
Specializing in Selling Unique Properties
Thesa, your photos are always beautiful. Glad to hear there is some good news out there. Hope it spreads down to us. Just kidding, we are seeing the market pick up. Nice post!
Feb 10, 2008 11:53 PM