Real estate in Sunriver has been slow through most of January 2011. We currently have 13 homes under contract and 2 homes sold so far this year. That gives us approximately $5.5 million in volume with an average sales price of $369,000. We are running at $185 per sqft and about 330 days on the market. The first quarter of 2010 we closed 27 homes at an average sales price of $471,000 for a little over $12 million in volume.
The buyer traffic has picked up dramatically in the last 2 weeks and most of the broker's I talk to have had the same experience. Our inventory of homes is always at its lowest point in January with only 125 homes on the market. I do expect to see a large number of listings come on the market over the next few months.
If you are thinking about listing now is the time to get started and if you are a buyer, keep your eyes open and check the internet often as we should see a lot of new inventory over the next 3 months. I do believe we are at the bottom of this market and this is a great time to buy.
John Watkins
Principal Broker
Bennington Properties
jdw48@me.com
541-390-3600
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