In February, the Sisters real estate market saw another increase in sales and another decrease in inventory. In fact, the 15 sales reflect the highest number of sales per month since October 2012. Meanwhile, the inventory is the lowest it’s been in the past four years (at least). By contrast, there were 122 Active listings in February 2012 and 125 Active listings in February 2011.
However, while we’re seeing plenty of overall sales activity, there still isn’t a lot of movement in the upper reaches of the price scale. Of the 15 Closed sales, only three were for homes priced above $500,000. Included in the Pending and Contingent sales are three more sales above $500,000.
Here are a few February highlights of the Sisters real estate market:
LISTING ACTIVITY
Active Residential Listings in Sisters: 95 (52 Single Family Residences; 43
Residential with Acreage)
Contingent Residential Sales in Sisters: 2 (1 SFR, 1 RW)
Pending Residential Sales in Sisters: 9 (6 SFR; 3 RW)
Residential Sales in Sisters: 15 (10 SFR; 5 RW)
Average Days on Market: 228 days for Active SFR listings
314 days for Active RW listings
252 days for the SFR listings sold in February
252 days for the RW listings sold in February
Median Sales Price:
$406,500 for Active SFR listings
$749,950 for Active RW listings
$235,750 for the SFR listings sold in February
$515,000 for the RW listings sold in February
INVENTORY
Single Family Residence: 6.7-month supply (93 sales in the previous 12 months)
Residential with Acreage: 6.6-month supply (78 sales in the previous 12 months)
SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $115,900
Least-Expensive Residential with Acreage Active Listing: $229,000
Most-Expensive Single Family Residence Active Listing: $1,295,000
Most-Expensive Residential with Acreage Active Listing: $4,500,000
Price Point with the Most Active Listings:
SFR: $200,000-$249,999 (10 listings)
RW: $750,000-$799,999 (5 listings)
