Here are some highlights of the August real estate market activity for Single Family Residential (SFR) and Residential with Acreage (RW) listings in Bend, Sisters and Tumalo.
- Although most markets saw a slight decrease in the number of Active listings in August, the number of Active Single Family Residential (SFR) listings in Bend increased fairly notably –- up from 518 in July to 557 in August. That’s still significantly fewer Active SFR listings than Bend had a year ago at this time, when there were 653 Active listings. There were also significantly fewer Residential with Acreage (RW) listings in Bend than a year ago (159 compared to 199).
- Meanwhile, the number of Active RW listings in Tumalo decreased slightly from August 2014 to August 2015 (down from 68 to 54), as did the number of Active SFR listings in Sisters (down from 100 to 83). Only the number of Active RW listings in Sisters increased compared to a year ago at this time (up from 100 to 103).
- Sales were down slightly across the board, except among RW listings in Sisters (which had nine Closed sales, compared to seven Closed sales in July). Included in the Sisters RW Closed sales were three sales above $650,000; the most expensive sale was a horse property on Camp Polk priced at $1,810,000. By comparison, all 13 SFR sales in Sisters were below $650,000, with nine sales below $400,000.
- Similarly, only one of Tumalo’s closed sales was above $650,000 -– and just barely, at $657,900. And the bulk of Bend’s SFR sales were below $500,000 (200 of 243 sales), although there were three million-dollar sales in the mix. Bend’s RW sales, on the other end, were equally divided, with 13 of the 26 Closed sales above $500,000, including one million-dollar sale.
Below are three graph overviews of real estate activity (the number of Active listings, the number of sales and the price of Active listings) from October 2013 through August 2015 for Bend, Tumalo and Sisters, based on data provided by MLSCO on Sept. 11 , 2015.
About the Author
Lisa Broadwater, GRI, CDPE, is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Bend and Redmond.