Here are some highlights of the June real estate market activity for Single Family Residential (SFR) and Residential with Acreage (RW) listings in Bend, Sisters and Tumalo.
- All three markets saw the expected seasonal increase in inventory of Active listings from May to June. The number of homes on the market was in line with last year at this time, in every market except Bend. Bend, on the other hand, had noticeably fewer Active SFR listings in June 2015 than in June 2014: 511, compared to 576.
- Sales continued to be strong in all three markets, with the number of sales higher in June than in May in every segment except Tumalo. And although the number of sales of Tumalo’s RW listings decreased slightly (down from 11 sales to 10), half of the Closed sales were above $500,000 and included two very high-end sales: one for $1,400,000 and one for $2,150,000. There were also two million-dollar sales among Bend’s SFR listings.
- The median price of Active listings actually dipped a bit in all three markets in June. The most notable decrease was in Tumalo (where the median list price has been all over the map throughout the year): down from $949,000 in May to $775,000 in June. That’s still significantly higher than the median list price for Tumalo’s Active RW listings in June 2014; back then, it was $615,000.
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 June 2015 for Bend, Tumalo and Sisters, based on data provided by MLSCO on July 10, 2015.
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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.