Sunriver, OR Real Estate Outlook & Market Trends

The Sunriver real estate market continues to heat up in 2014, as the national economy continues to improve. Sunriver’s average home sales price is up to 378k in 2014’s first quarter, in comparison to the previous years first quarter of 367k, according to Berkshire Hathaway HomeServices Northwest Real Estate Sunrivers’ Principal Broker in a article written by Gregg Morris of Cascade Business News. You can read the full article from Cascade Business News by clicking here… The article touches on some very critical factors of Sunriver real estate and is worth a read for interested Sunriver buyers. See summary bullets below…

Second home sales are up 30% year over year from 2012-2013 nationally & 1 out of every 8 home sales is a second home, according to the National Association of Realtors.

The Sunriver Village has been totally refreshed with new buildings and retailers. The difficult to maintain boardwalk and 1970’s “look” is gone, replaced with updated Northwest style architecture and wide open spaces of grass and common space.

Sunriver’s SHARC, an 18 million dollar pool and recreation complex has helped create momentum in nightly rentals & the real estate market.

Although the market is warming, Sunriver has not yet seen a period of rapid price appreciation or a substantial dwindling of the homes for sale inventory like the nearby markets of Bend & Redmond have experienced. Update 12/9/15; Sunriver is in the midst of a major pop in sales, value & overall activity.

Generation X has begun to buy vacation & second homes, ushering in a new group of Sunriver homeowners, while baby boomers continue to enjoy later stages of life.

The desirability and awareness of Central Oregon continues to grow nationally.

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Related Article | Sunriver Homes For Sale Heat Up | Sunriver Real Estate

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