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.
How Much Is A View Worth, Sunriver Real Estate FAQ…
A few realizations were derived from the occurence described. A buyer (sunriver or elsewhere) will only offer so much of a premium when it comes to a view. At some point a buyer, no matter how much they may want a property will submit to logic. On the other hand, sellers will only discount their real estate investment so far. Even in a buyers market and at the risk of chasing the market, sellers may be willing to let buyers move on and purchase the next property. With differing degrees of seller and buyer motivations, varying properties, and ever changing market conditions, the bottom line is that each scenario will be diffrent.