Sunriver Q3 2009 coming to and end

The good new is we have gotten to 25 transactions this quarter and there is still time to get a few more closed. We are at about $9,8 million in gross sales. There are currently 19 pending transactions that will role to Q4 for total of $8 million.

We are still not seeing any action at the high end of the market in Sunriver, but assuming the recovery continues we should see that end of the market pick up in 2010.

I will update with final numbers around the 3rd of October for Q3 09.

Sunriver Real Estate - A tale of two Summers

The Summer real estate season in Sunriver has ended. 2009 saw a 34% decline in the value of homes sold compared to 2008. Interestingly 2009 had 24 transactions ( $8.8 million) and 2008 had 27 ($13.4 million), so the actual number of buyers was not significantly different. Buyers in 2009 were clearly taking advantage of the availability of many more low priced homes on the market than we have seen in a number of years in Sunriver. Much of this activity took place late in the summer selling season as people began to feel that the market in Sunriver had bottomed out.

Another piece of good new is that we closed out the season with 21 pending transaction totaling $9.4 million. These transactions should close in the next few months.

We still have 70 homes for sale in Sunriver under $400K. This will continue to give the bargain hunters lots to choose from as we move into the fall.

High end properties and lot sales continue to be hardest hit part of the market. As the economy continues to improve we do expect this part of the market to start to show some signs of life.