Central Oregon Million $ market update

Central Oregon like the rest of the country has seen the high end of the Real Estate market moving very slowly. So far in 2009 Central Oregon has 13 closed sales over $1 million and 7 pending sales for an estimated sales value of $26 million. This represents less than 50% of where we were at this time last year. As of the 1st of August 2008 we had close 37 sales for a total of $52 Million.

With the stock market continuing to show improvement and new of the housing market continuing to show improvement we are confident that that the high end buyers will begin to return to the market by next year.