Sunriver Real Estate Market Update…

Residential homes sold in Sunriver down through the first six months of the year…

As bad as that may sound, its not all bad news for Real Estate in Sunriver. Encouraging signs exist when comparing the first 6 months of the year from 09’, 10’, and 11’. Chief amongst those good signs is a reduction in inventory and days on market or DOM. DOM fell from 325 to 258 during the first six months of 2010 compared to the first six months of 2011.

If you glance at the chart below, and reference  the months of 5/10 and 5/11, you will notice that the number of homes for sale or inventory has fell form 312 in 2010, to 283 in 2011.

Another telling sign of the painfully slow real estate recovery is the average price per square foot statistic, or PPSQFT. 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, in comparison to prior years!

Granted, these steps heading in the right direction are small but encouraging none the less…

SR Real Estate Statistics

Visit www.CentralOregonRealEstate-KyleHoak.com for more information.

 

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