Sunriver Real Estate Mid-2nd Quarter 2010 update.

We have now closed 18 sales this quarter and have a total of $6.6 million of Q2 2010 volume.  We have already exceeded last years 2nd quarter numbers.  We currently have 13 pending sales for a total of $5.3 million that could close this quarter, which would put us close to $12 million for Q2 2010.  What is interesting is that Q1 2010 looks like it is going to have been stronger than Q2 unless thing pick up quickly.  Sales have slowed a little in the last 3-4 week as the traffic to Sunriver has been down.  Now that the golf courses are open and the sun and good weather will soon be here we expect the buyer traffic to pick up significantly.   

Two weeks ago we had 167 homes on the market in Sunriver, we now have 185.  I suspect we will be over 200 homes on the market by the first week of June. 

With a great selection of homes to choose from and interest rates still extremely low we should continue to see a growing number of sales this year.

Sunriver Real Estate 2nd Quarter 2010 update.

We have 13 closed sales for the month of April for a total of $4.6 million.  We have 14 pending sales totaling $6.6 million that should easily close by the end of the quarter.  We still have 2 more month to go in this quarter and my expectation is that we will most likely do over $12-14 million in volume for Q2.  In 2009 we closed 19 transaction for a $ value of 6.3 Million.  We will easily increase volume by 100% this quarter over last year.

Sunriver currently has 167 homes on the market, 38 condo, and 14 lots.  I had expected that number to be higher and I do expect it to increase to over 200+ homes by mid summer.   The good new for buyers is that most of the sellers are pricing there homes to sell in this market.

Sales have continued to be slow in Caldera.  There has been one home sale and one pending cabin sale this quarter and one lot sale and 3 pending.  Caldera is however seeing new construction of custom homes.  Many people who bought in Caldera are going forward with building.  Caldera's experiencing more building than any resort in Central Oregon.  There are a number of extremely well priced homes for sale in Caldera, truly something to consider if you are currently looking.

Please give me a call if you have any question about this information.

John Watkins

541-390-3600

jdw48@mac.com