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Category Archives: Sisters Market Reports
Sisters, Oregon Real Estate Market Report for June 2011
The summer sales season in Sisters continued in full swing in June, with another double-digit-sales month (17 closed sales). Many of those buyers were apparently shopping for bargains — six of the 17 sales were for less than $200,000 (and all but two were for properties listed below $500,000). There was, however, a bit more activity at the high end among the pending listings (there was one listed at $795,000 and one listed at $1,100,000 that went under contract in June). Continue reading
Sisters, Oregon Real Estate Market Report for May 2011
s expected, the April slowdown of residential sales in Sisters proved temporary: In fact, sales almost doubled, from seven closed transactions in April to fifteen in May. That’s noticeably improved over May 2010 (with its seven sales) and May 2009 (with just three sales). Continue reading
Today’s Broker Tour in Sisters: An Assortment of Interesting Options
Now that we’re easing into the warm-weather home-selling season (even if we’re still waiting for the warm weather!), our bi-weekly Tuesday-morning broker tours in Sisters are heating up. After a winter in which each tour brought only a handful of listings (if that), we’re now seeing a bigger, stronger selection. Continue reading
Sisters, Oregon Real Estate Market Report for April 2011
fter the strong start in March, residential sales in Sisters slowed quite a bit in April (down from 16 closed sales in March to seven closed sales in April). That’s also significantly slower than sales activity last year at this time (April 2010 had 15 sales). Continue reading
How’s the Market? 1st Quarter 2011 Real Estate Market Statistics for Central Oregon
COAR, our local MLS affiliate, recently released the first quarter real estate market statistics for Central Oregon, which tracks year-on-year activity from 2007 through 2011. Not surprisingly, those numbers tell quite a story -– we’ve experienced a pretty bumpy ride in the past five years. Continue reading
Sisters, Oregon Real Estate Market Report for March 2011
Looks like the spring selling season got an early start in Sisters: Sales for March were double that of February (which was admittedly a slow month, with eight sales). That also compares favorably to March 2010 (which had 12 sales), and it far surpassed that of February 2009 (three sales). Continue reading
Sisters, Oregon Real Estate Market Report for February 2011
After several months of very active sales activity, the real estate market in Sisters slowed down significantly in February -– from 18 closed sales in January to eight closed sales in February. However, to add a long-term perspective: That’s in line with sales activity for February 2010 Continue reading
Sisters, Oregon Real Estate Market Report for January 2011
January proved to be another strong month for sales activity in Sisters, with 18 Closed sales and 10 Pending sales. What a long way we’ve come from the winter of 2009, when several months could only count two or three Closed sales!
Meanwhile, the strong sales combined with only a slight increase in the number of listings (from 123 in December to 128 in January) helped bring the overall inventory down a bit further (from a 8.9-month supply of Single Family Residences and a 12.9-month supply of homes on acreage in December to an 8.6 month-supply of Single Family Residences and a 12.4-month supply for homes on acreage in January. (A balanced market has about a six-month supply of inventory).
In January, the median list price of Single Family Residences fell from $390,000 to $359,450, while the median price of Residential with Acreage listings decreased from $560,000 to $549,900. If the sellers in Sisters continue to adjust their prices to be more in line with the current market, we’ll really be in good shape. Continue reading
Sisters, Oregon Real Estate Market Report for December 2010
In December, winter arrived with a vengeance, but that certainly didn’t slow down the Sisters real estate market activity. In fact, Pending sales almost doubled – from seven in November to 13 in December. And December’s nine Closed sales almost … Continue reading
Sisters, Oregon Real Estate Market Report for November 2010
In November, there were still no major changes in the Sisters real estate market — just slow, steady progress in a few key areas. First, the number of Active listings continued to decrease (from 174 in October to 161 in November). That’s also an improvement over November 2009, when there were176 Active listings.
The decrease in listings and overall stronger sales compared to 2009 meant that the inventory of Single Family Residences finally dipped below the 12-month mark — the first time that Sisters has reached that benchmark since January 2009. (A balanced market has about a six-month inventory).
Meanwhile, Residential with Acreage had 17.4 months of inventory in November. So there’s still a ways to go before that segment achieves any kind of buyer-seller balance –- but it’s a drastic improvement over last year’s numbers, when November held a 34-month cache of inventory. Continue reading
