Here are some highlights of the November real estate market activity for Single Family Residential (SFR) and Residential with Acreage (RW) listings in Bend, Sisters and Tumalo:
- The seasonal slowdown picked up steam throughout the region, just in time for a Thanksgiving week snowstorm. There was an especially noticeable drop in the number of Active listings among Bend’s Single Family Residential (SFR) listings, which decreased from 466 Active listings in October to 426 in November. Meanwhile, Sisters Residential with Acreage (RW) listings decreased from 62 Active listings in October to 51 in November.
- Sales were down this month, too: Closed sales for Bend’s Single Family SFR listings decreased markedly, from 198 in October to 143 in November, while sales among Sisters’ SFR listings dropped from the unusually high number of 25 in October to eight sales in November, which is typical for this time of year.
- Surprisingly, sales of Bend’s RW listings actually increased slightly (up from 23 in October to 24 in November) and included an impressive three million-dollar sales. The eight Closed RW sales in Sisters also included a couple of million-dollar sales (a 40-acre property on Plainview and an estate home in Aspen Lakes). And Tumalo saw quite a bit of high-end sales activity: All three of its Closed RW sales were above $730,000 and included one million-dollar sale.
- This month, we saw a decrease in the median sales price for Active listings in every market except among Bend’s RW listings, which remained the same ($697,700). Tumalo’s RW listings saw the sharpest decline (from $949,000 in October to $780,000); however, last month’s number was a temporary spike (the median list price in September was also $780,000).
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 November 2015 for Bend, Tumalo and Sisters, based on data provided by MLSCO on Dec. 9, 2015.
*All listing information provided here is deemed reliable, but is not guaranteed and should be independently verified. The Multiple Listing Service of Central Oregon (MLSCO) does not verify the information provided and disclaims any responsibility or liability arising from any inaccuracy or inadequacy of said information or for typographical errors by MLSCO, or for any delay caused in dissemination of such information.
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.