The Summer real estate season in Sunriver has ended. 2009 saw a 34% decline in the value of homes sold compared to 2008. Interestingly 2009 had 24 transactions ( $8.8 million) and 2008 had 27 ($13.4 million), so the actual number of buyers was not significantly different. Buyers in 2009 were clearly taking advantage of the availability of many more low priced homes on the market than we have seen in a number of years in Sunriver. Much of this activity took place late in the summer selling season as people began to feel that the market in Sunriver had bottomed out.
Another piece of good new is that we closed out the season with 21 pending transaction totaling $9.4 million. These transactions should close in the next few months.
We still have 70 homes for sale in Sunriver under $400K. This will continue to give the bargain hunters lots to choose from as we move into the fall.
High end properties and lot sales continue to be hardest hit part of the market. As the economy continues to improve we do expect this part of the market to start to show some signs of life.
Another piece of good new is that we closed out the season with 21 pending transaction totaling $9.4 million. These transactions should close in the next few months.
We still have 70 homes for sale in Sunriver under $400K. This will continue to give the bargain hunters lots to choose from as we move into the fall.
High end properties and lot sales continue to be hardest hit part of the market. As the economy continues to improve we do expect this part of the market to start to show some signs of life.
John D. Watkins
Broker
541-390-3600
jdw48@mac.com
Don't miss John's monthly Central Oregon Real Estate updates.
Visit his blog at http://centraloregonresortrealestate.blogspot.com/
