June is often one of the busiest sales month for the Sisters real estate market, and this year, that certainly proved to be the case. The total of 21 Closed Residential sales (11 Single Family Residential listings and 10 Residential with Acreage listings) was almost double that of May.
Included in the mix were a number of higher-end listings. In fact, all but two of the 10 Closed RW sales were above $400,000, and there was a million-dollar RW sale in Black Butte Ranch. It was the first million-dollar sale in Sisters this year (by the way, there are now two more Pending).
Meanwhile, the median price of Active listings continues to creep back up to rather daunting levels — with the median price for Active SFR listings at $449,000 and the median price of Active RW listings at a whopping $798,500. To put things in perspective a bit, six months ago, the median price for Active SFR listings was $399,800, and the median price for Active RW listings was $687,000. That’s quite a jump!
It would have been nice to see an increase in inventory, but that didn’t happen. In June, there were a total of 148 Active SFR & RW listings –- with only six options listed below $200,000. Last year at this time, there 168 Active listings.
Here are a few June highlights of the Sisters real estate market:
Active Residential Listings in Sisters: 148 (80 Single Family Residences; 68
Residential with Acreage)
Contingent Residential Sales in Sisters: 2 (1 SFR, 1 RW)
Pending Residential Sales in Sisters: 14 (11 SFR; 3 RW)
Residential Sales in Sisters: 21 (11 SFR; 10 RW)
Average Days on Market: 174 days for Active SFR listings
156 days for Active RW listings
183 days for the SFR listings sold in June
213 days for the RW listings sold in June
Median Sales Price: $449,900 for Active SFR listings
$798,500 for Active RW listings
$245,000 for the SFR listings sold in June
$542,000 for the RW listings sold in June
Single Family Residence: 10.1-month supply (95 sales in the previous 12 months)
Residential with Acreage: 9.7-month supply (84 sales in the previous 12 months)
Least-Expensive Single Family Residence Active Listing: $174,900
Least-Expensive Residential with Acreage Active Listing: $189,000
Most-Expensive Single Family Residence Active Listing: $2,400,000
Most-Expensive Residential with Acreage Active Listing: $3,750,000
Price Point with the Most Active Listings: SFR $350,000-$399,999 (12 listings)
RW: $750,000-$799,999 & $850,000-$899,999 (8 listings each)
If you’re interested in studying the market in more depth, below are several charts that capture various aspects of the June Sisters real estate market in detail.
Thinking of making a move to Sisters? I’d love to help you find the perfect Central Oregon property. You can reach me by phone or text at (541) 480-0987 or by email.
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.