There weren’t a lot of changes in the Sisters real estate market from March to April –- or from April ’09 to April ’10, for that matter — when it comes to the number of listings. In April ‘09, there were 180 Active listings (100 Single Family Residences and 80 Residential with Acreage); in April ’10, there were 188 (103 Single Family Residences and 85 Residential With Acreage.
However, sales were up dramatically from April ’09 to April ’10 (only two in April ’09 compared to 15 in April ’10). And the median sales price for Active listings has experienced some fairly dramatic shifting. In April ’09, the median sales price for Active Single Family Residential listings was $425,000; in April ’10, it was $469,000 – quite a shift from the March ’10 median sales price of $384,900. Meanwhile, the median sales price for Active Residential with Acreage listings has decreased from $730,000 in April ’09 to $669,000 in April ‘10.
Here are a few April highlights of the Sisters real estate market:
LISTING ACTIVITY
Active Residential Listings in Sisters: 188 (103 SFR; 85 RW)
Contingent Residential Sales in Sisters: 1 (1 SFR)
Pending Residential Sales in Sisters: 11 (9 SFR; 2 RW)
Residential Sales in Sisters: 15 (7 SFR; 8 RW)
Average Days on Market: 215 days for Active SFR listings
267 days for Active RW listings
189 days for the SFR listings sold in April
213 days for the RW listings sold in April
Median Sales Price: $469,900 for Active SFR listings
$669,000 for Active RW listings
$241,000 for the SFR listings sold in April
$500,000 for the RW listings sold in April
INVENTORY
Single Family Residence: 15-month supply (83 sales in the previous 12 months)
Residential with Acreage: 26-month supply (39 sales in the previous 12 months)
SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $99,000
Least-Expensive Residential with Acreage Active Listing: $149,500
Most-Expensive Single Family Residence Active Listing: $1,495,000
Most-Expensive Residential with Acreage Active Listing: $4,900,000
Price Point with the Most Active Listings: SFR: $200,000-$249,999 & $450,000-$499,999 (13 listings)
RW: $850,000-$899,999 (9 listings)
Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend.