There wasn’t a great deal of difference between the. overall Sisters real estate market in June 2010 compared to June 2009. The increase in Active listings (from 196 in May 2010 to 216 in June 2010) echoed a similar increase last year, as does the impressive increase in sales (from seven in May 2010 to 16 in June 2010).
Meanwhile, the median price for Active Single Family Residence listings increased again (if only slightly) from $479,000 in May to $479,500 in June. Contrast that to the median price for the Single Family Residence listings that sold in June ($215,000) and you can see the challenge that higher-end Sisters sellers are facing.
As for Active Residential with Acreage listings, they also spiked in June (from 85 in May to 97 in June), However, the median price for Active Residential with Acreage listings decreased again in June (from $659,900 in May to $649,000 – compared to a two-year high of $795,000 in September 2009).
Here are a few June highlights of the Sisters real estate market:
Active Residential Listings in Sisters: 216 (119 Single Family Residences; 97
Residential with Acreage)
Contingent Residential Sales in Sisters: 2 (1 SFR, 1 RW)
Pending Residential Sales in Sisters: 11 (8 SFR; 3 RW)
Residential Sales in Sisters: 16 (11 SFR; 5 RW)
Average Days on Market: 196 days for Active SFR listings
269 days for Active RW listings
242 days for the SFR listings sold in June
122 days for the RW listings sold in June
Median Sales Price: $479,500 for Active SFR listings
$649,000 for Active RW listings
$215,000 for the SFR listings sold in June
$493,950 for the RW listings sold in June
Single Family Residence: 15.5-month supply (92 sales in the previous 12 months)
Residential with Acreage: 29-month supply (41 sales in the previous 12 months)
Least-Expensive Single Family Residence Active Listing: $125,000
Least-Expensive Residential with Acreage Active Listing: $129,900
Most-Expensive Single Family Residence Active Listing: $1,495,000
Most-Expensive Residential with Acreage Active Listing: $4,500,000
Price Point with the Most Active Listings:
SFR: $550,000-$599,999, (15 listings)
RW: $350,000-$399,999 (11 listings)
If you’re interested in studying the market in more depth, below are a number of charts that capture various aspects of the Sisters real estate market in detail.
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, Redmond and Bend.