Buyers and sellers are both watching the real estate market - we all wish we had a crystal ball to see where the future lays. The best we can do is look at the past - and find the pattern. With the end of September we ended our 3rd quarter of this year.
Because it always takes a little time for all te sales to be entered the 3rd quarter stats lag a little behind. They are now available for all of Central Oregon and to make it easy for you - there is a link at the bottom of this article which provides all the areas and types of listings in Central Oregon.
There are two areas in residential sales that seem to be doing better than others - the first is Sisters Oregon. The second is Three Rivers South - however some of the sales of Caldera Springs does have an impact on this.
As we have stated in the past the number of sales, the types of sales and the prices make no sense in the market today. We are seeing for example a manufactured home sell for $230,000 or there abouts and right down the street is a newer, same size frame built home at the same price that does not sell, nor is it even shown. Why? This is a question a lot of us are asking.