Sunriver Real Estate Statistics and Information – Fremont Crossing Town Home Market News and Info
When it comes to condos and town homes within Sunriver the Fremont Crossing Town homes got it right! A higher end town home complex located on the south end of the resort, near to The Village at Sunriver. Built in the mid 2000’s, the feel is contemporary without losing the unique Sunriver feel. The units do very well as nightly vacation rentals, and are conducive to being a second home or investment property. Well equipped with high grade carpet, wood floors, stainless steel appliances, spa, double car attached garage, the town homes offer fantastic value. When the complex went up for sale in 2004, the units sold for anywhere between $325,000 and $375,000. Approximately half way through the sale of the complex, the individual units demanded between $400,000 and $500,000! The complete sale of the town home complex took just about a year and a half, talk about rapid appreciation and high demand.
Currently there is only one Fremont Crossing town home listed for sale. It has been on the market for 619 days and is listed for sale at $479,000. The Price Per Square Foot is $215, compared with a current average of $193 in Sunriver. When you compare the Fremont Crossing town home currently for sale vs. historical data within the complex, the current Fremont Crossing for sale has a list price in line with 2005 Fremont Crossing town home prices. In my opinion the listing is overpriced for the market in which we find ourselves. A bank owned Freemont Crossing was bought for $350,000 this past fall. The low sale price of that bank owned Fremont Crossing home will have a negative affect on value with in the Freemont Crossing complex. The good news regarding the Fremont Crossing town homes is the complete lack of any remaining bank owned or short sales, this will encourage the values in the complex to begin to grow slowly.
Update: The market has changed with the addition of a new Fremont Crossing Townhome listing. Please stay tuned for updated analysis and insight. Contact me if you have any questions regarding the complex, or have a specific question you would like answered.