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.