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Monthly Archives: September 2010
Mortgage Insurance Premium Update
For many home buyers, mortgage insurance is about to get more expensive. FHA has announced changes to both the upfront and annual premiums that will be applied to FHA loans assigned on or after Oct. 4. As a result of … Continue reading
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Tumalo, Oregon Real Estate Market Report for August 2010
August was another active month for the Tumalo real estate market –- with eight Closed sales, five Pending sales and two Contingent sales. As of August, the number of closed sales for 2010 has already surpassed the total number of … Continue reading
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Sisters, Oregon Real Estate Market Report for August 2010
The Sisters real estate market held steady in August, with little change in list price, sales or number of listings. After reaching a two-year high number of sales this June (16 sales), the market seems poised to at least match that number in September (with 14 pending transactions).
After increasing significantly this spring (from $384,900 in March to $469,000 in April), the median sales price of Active Single Family Residences decreased again slightly this month (from $475,000 in July to $469,500 in August), which is still higher than last August (when it was $439,000). Given the reality of the current market, many sellers will need to make additional price adjustments to see any real results.
The median sales price for Active Residential with Acreage listings also decreased this month, from $684,900 in July to $675,000 in August. That number is significantly lower than August 2009, when the median sales price for Active Residential with Acreage listings was $797,000. Continue reading
Distressed Market Update for Sisters, Oregon – Sept. 2010
Unlike much of Central Oregon (where distressed properties comprise up to 30 percent of the active real estate market), traditional sales continue to dominate the Sisters real estate market. Here’s the latest breakdown, as of Sept. 10, 2010: Continue reading
New Sisters Hot Spot: Poppies Cafe
Yesterday, my friend Kathryn introduced me to Poppies, one of Sisters’ newest — and most unique — additions. It’s a combo garden center/gourmet cafe, located only slightly off the beaten path (221 S. Main).
After ordering, we sat outside in Poppies’ charming backyard patio, a lush green setting outfitted with all sorts of colorful plant life and equally festive garden artworks. It was a perfect day for outdoor dining, sunny and just slightly cool with a bit of a breeze — just enough to set the multicolored glass pinwheels that adorned several yard sculptures a-spinnin’. Continue reading
