The Sunriver home market is currently among the most active in all of Central Oregon & recent trends combined with national market factors promise Sunriver real estate a HOT Summer 2016′
Sunriver is a investment or secondary home market and it’s value recovery following the housing collapse (like most secondary markets) has lagged behind more traditional residential real estate markets. More specifically, Sunriver has not enjoyed a rapid value appreciation like the more traditional residential markets of Bend and Portland have seen.
Sunriver is a little deceiving though… Market momentum has been steadily building by way of increased sales, a slimming inventory and decreasing days on market for the last 4-5 years and yet the appreciation has been slow to come…
Ever wonder what the price per square foot means in a specific area of real estate? It can be looked at many ways depending on your perspective, as a seller, buyer or real estate professional. Let’s look at some facts within Sunriver, more specifically additions or subdivisions within Sunriver and how those areas differ in price per square foot, days on market, age of homes and sales price % vs list price. The snapshot included 7 additions that were not heavily influenced by the river, airport, etc. as I wanted areas that were more typical. Let’s look at the numbers since January 2015 through May 28th 2015 and see what they tell us.