June 2009 Real Estate Market Snapshot for Sisters, Oregon

Only minor changes from May to June in the Sisters real estate market. Inventory continued to increase (from 198 to 212, with the bulk of the new listings in Homes on Acreage) while sales remained in the double digits (14 pending and closed sales).

However, there wasn't as much activity in the above-$300,000 markets as there was in May, and the overall high volume of inventory continues to be a long-term concern for sellers.

Here are a few June highlights of the Sisters market:

LISTING ACTIVITY
Active Residential Listings in Sisters:  212 (122 Single Family Residences; 90 Residential with Acreage)
Contingent Residential Sales in Sisters:  2 (SFR, 0 RW)
Pending Residential Sales in Sisters:  5 (3 SFR; 2 RW)
Residential Sales in Sisters:  9 (6 SFR; 3 RW)
Average Days on Market:      185 days for Active SFR listings 
                                           226 days for Active RW listings 
                                           145 days for the SFR listings sold in June 
                                           103 days for the RW listing sold in June
                                             
Median Sales Price:             $492,500 for Active SFR listings 
                                         $724,450 for Active RW listings 
                                         $308,750 for the SFR listings sold in June 
                                         $211,900 for the RW listing sold in June                                       

INVENTORY
Single Family Residence:  24-month supply (54 sales in the previous 12 months)
Residential with Acreage: 43-month supply (25 sales in the previous 12 months)

SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $169,990
Least-Expensive Residential with Acreage Active Listing: $199,900
Most-Expensive Single Family Residence Active Listing: $1,950,000
Most-Expensive Residential with Acreage Active Listing: $4,900,000
Price Point with the Most Active Listings:  
            $250,000-$299,999, $400,000-$449,999 & $550,000-$599,999 in SFR
                                                         (each with 12 listings)
            $1,000,000-$1,249,999 in RW (9 listings)

If you're interested in studying the market in more depth, below  are a number of charts that capture various aspects of the March 2009 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 or call me toll-free at 866-963-2760.

About the Author:
Lisa Broadwater 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.