Sunriver Real Estate Market Update

bennington properties August.29.2018

Consistently Hot!

Best describes the Sunriver market this summer along with our recent weather patterns.

With quarterly average days on the market for single-family residences of 87 and average sales price at 97% of the list price, turnover has been quick, especially around the $400,000 range.

Inventory has been slowly on the rise since a 12-year low in the winter of 2016/2017, yet remains low with only 61 homes currently listed for sale, allowing for the continuation of a strong seller’s market. Compare this to the same quarter 10 years ago with over 200 homes on the market.

The average price per square foot this past quarter was $254, up over 7% compared to last year, but still quite a bit shy of the $268/sq. ft. seen in the summer of 2008.

Even with mortgage rates slowly on the rise, they remain historically low. Paired with a thriving resort community, Sunriver remains an attractive market for buyers, especially those looking to offset 2nd home expenses through rental income.