As summer turned into fall, the Sisters real estate market continued to gain momentum. August's strong increase in sales carried through into September, with 27 Pending and Closed sales (up slightly from 25 in August). The difference this month was that all but one of the 14 Pending sales were Single Family Residences, with only one Residential With Acreage Pending sale).
Also noteworthy is a significant decrease in inventory (down from 217 in August to 194 in September), which is a welcome change in what was an increasing inventory throughout the year (there were 136 active Residential listings in January).
Here are a few September highlights of the Sisters real estate market:
LISTING ACTIVITY
Active Residential Listings in Sisters: 194 (111 Single Family Residences; 83 Residential with Acreage)
Contingent Residential Sales in Sisters: 1 (1 SFR, 0 RW)
Pending Residential Sales in Sisters: 15 (14 SFR; 1 RW)
Residential Sales in Sisters: 13 (7 SFR; 6 RW)
Average Days on Market: 204 days for Active SFR listings
265 days for Active RW listings
199 days for the SFR listings sold in September
171 days for the RW listings sold in September
Median Sales Price: $419,000 for Active SFR listings
$795,000 for Active RW listings
$525,000 for the SFR listings sold in September
$424,000 for the RW listings sold in September
INVENTORY
Single Family Residence: 25-month supply (53 sales in the previous 12 months)
Residential with Acreage: 37-month supply (27 sales in the previous 12 months)
SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $149,990
Least-Expensive Residential with Acreage Active Listing: $199,900
Most-Expensive Single Family Residence Active Listing: $1,475,000
Most-Expensive Residential with Acreage Active Listing: $4,900,000
Price Point with the Most Active Listings: $300,000-$349,999, in SFR (13 listings)
$950,000-$999,999 in RW (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 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)Subscribe to CommentsComment