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:

Of the 226 Active Residential listings, 90.7 percent are traditional sales (205 listings) and 9.3 percent are distressed properties (21 listings).

Within the three main Residential categories (Single Family Residences, Multifamily Residences and Residential with Acreage), the breakdown varies only slightly:

Of the 123 Active SFR listings, 111 are traditional sales, seven are short sales and five are bank-owned properties. Here, traditional sales account for 90 percent of the existing inventory and distressed properties account for 10 percent of the existing inventory.

Of the 10 Active Multifamily listings, all 10 are traditional sales.

Of the 93 Active Residential with Acreage listings, 84 are traditional sales, seven are short sales and two are bank-owned properties. Here again,traditional sales account for 90 percent of the existing inventory and distressed properties account for 10 percent of the existing inventory.

Here’s a closer look at those statistics in chart form:

Distressed Market Update for Sisters, Oregon – Sept. 2010

That compares favorably to the statistics from January of this year, when 82 percent of the 171 Active Residential listings were traditional sales (141 listings), and 18 percent were distressed properties (30 listings).

See the chart below for a detailed breakdown of statistics from January 2010.

Distressed Market Update for Sisters, Oregon – Sept. 2010

About the Author:
Lisa Broadwater, GRI, CDPE s a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. 

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