News & Information For Real Estate In Sunriver

Sunriver Real Estate Market Information…

The late Spring and early Summer weather in Sunriver has not been the only thing below average, Sunriver real estate has also been marked by less than stellar numbers. Less homes were sold in Sunriver through the first six months of 2011, when compared to the first six months of 2010. In addition to home sales being off year over year, the Average Price Per Square Foot (PPSQFT) is also down in Sunriver. Even though two noteworthy real estate statistics are declining, it’s not all bad news for the Sunriver real estate market. More of the Sunriver real estate tale needs to be told, in order to understand the whole story.

Since the chilly start to the usually busy Summer real estate season, Sunriver real estate has begun to heat up a bit. With numerous homes and condominiums having “gone pending” recently, there is good reason to think that 2011 will actually finish better than 2010, when it comes to home sales. 

The important thing to keep in mind when it comes to average price per square foot (PPSQFT) in Sunriver is not what that average is, but rather what is the trend with that average. The first six months of 2009 the PPSQFT  for Sunriver was $213, in 2010 it fell to $195, and finally in 2011 it has sunk to $185. The PPSQFT plunge has leveled off quite a bit when compared to prior years and that is positive news.

Overall the real estate market in Sunriver is showing numerous signs of a slow and balanced recovery. However, the recent trend of a increase in short sales within Sunriver is cause for concern. Incredibly, the housing market collapse did not hit Sunriver with a huge amount of short sales or bank owned homes as it did elsewhere. Sunriver has certainly seen short sales and bank owned homes come and go off the market, just not to the point where they dominated the market.

This entry was posted in Real Estate Information, Real Estate Market Commentary and Market Analysis, Real Estate News, Sunriver Real Estate Market Commentary and Market Analysis and tagged , . Bookmark the permalink.

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