Date Archives: March 2021

I Sell Sunriver Blog Home

rss logo RSS Feed
Finance | 1 Posts
Golf | 1 Posts
Lifestyle | 2 Posts
Mortgages | 1 Posts
Sunriver Owners | 2 Posts

Subscribe and receive email notifications of new blog posts.




March
24

12 Facts To Learn About Sunriver Oregon

Sunriver Oregon

Did You Know?

  1. The name Sunriver was selected by develpers John Gray and Donald V. MCallum in 1968.

     2. Sunriver is located on the grounds of the former Camp Abbot, a World War II training facility designed to train combat engineers in a simulated combat environment. The U.S. Army camp opened in 1942, but by June 1944, the camp was abandoned and most of the settlement was razed.

      3. Sunriver was also the site of the pioneer Shonquest Ranch,  Sunriver post office was established on July 18, 1969, at the same time the public facilities were opened.

       4. Sunriver and all of Oregon has no sales tax.

       5. Oreogn is one of the only two states where you can't pump your own gas (New Jersey being the other).

       6. Permanent population of approximately 1,700 though during high peak season it may increase to upwaards of 20,000.

       7. This region experiences warm (but not hot) and dry summers, with no average monthly temperatures abouve 80 degrees F. According to the Koppen Climate Classification system, Sunriver has a warm-summer Mediterranean climate, abbreviated "Csb" on climate maps.

       8. Sunriver airport is a public use airport located one nautical mile (2 km) west of the central businesss district of Sunriver. It is a privately owned by Sunriver Resort, LP. this airport is included in the National Plan of Integrated Airport Systems for 2011-2015, which catergorized it as a general aviation facility.

       9. Sunriver Observatory is an astronomical observatory operated by the not-for-profit Sunriver Nature Center &Observatory in Sunriver, Oregon. the observatory has 11 telescopes. In July 2012, the observatory was renamed the Oregon Observatory at Sunriver.

       10. Sunriver's elevaton is at 4,164 ft (1,269.2m.)

       11. Sunriver has over 35 miles of paved bike paths.

       12. Average commute time is 32 minutes. the Ntional Average is 25 minutes in Bend.

March
24

Sunriver, OR 97707

Wed Mar 24 2021
This week the median list price for Sunriver, OR 97707 is $992,000 with the market action index hovering around 83. This is an increase over last month's market action index of 77. Inventory has held steady at or around 4. Click here to stay informed with the Sunriver market!

Market Action Index

This answers "How's the Market?" by comparing rate of sales versus inventory.

sellers-real-estate-market-in-sunriver

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

7-Day Average90-Day AverageJul 2018Nov 2018Mar 2019Jun 2019Oct 2019Feb 2020Jun 2020Oct 2020Feb 2021$600K$800K$1.0M$1.2M$400K$1.4MOct 05 20187-Day Average: $599K90-Day Average: $576K

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Go directly to First American Market Report

March
17

Why is NOW the BEST Time to Sell Your Sunriver Home?

Best time to sell your Sunriver home

If you are thinking of selling your Sunriver home now is the time. This is one of the strongest sellers real estate markets we have ever seen in Sunriver, there is huge financial gains to sellers cashing in on the rising equities in their homes. So why is today any different than other times of being told it was a great time to sell?

The speed of today's real estate market is causing buyers to write offers sight unseen, to offer thousands of dollars above list price, to waive contract contingencies like appraisals and inspections, and to woo the seller in creative and unique ways. That is why if you are thinking at all about selling, the tremendously low inventory of homes for sale right now, along with the huge buyer demand and cash buyers, is pushing up home prices to offer opportunities for home seller's.

What is driving the current seller's real estate market?

A seller's market means that there are more buyers than there is inventory, pushing the price of real estate up.

The real estate market measures "inventory" in terms of time on the market by comparing the ratio of active listings to pending sales as of the end of the month. This ratio gives us a turnover calculation, showing how long it will take for the current inventory of homes to sell. A real estate market is deemed to be a sellers' market when there is less than 5 months of inventory.

We can't predict how long this market will continue, if you are thinking of selling your home, don't wait and miss out on the market opportunity to sell for top dollar.

What is driving this seller's market?

Increased home buyer demand due to historically low interest rates, increased demand from buyers due to economical circumstances, and low invnetory of homes pushing sales prices higher and higher.

If you would like to know what your home is worth in today's market just enter your address here on my website or call or text me at 541-815-0906 or keith@isellsunriver.com.

Login to My Homefinder

Login to My Homefinder