We have come to the end of the first month of the second quarter of 2011. The second half of April has not brought much activity to the Sunriver market. With tax time and the Easter weekend behind us we are finally looking forward to some good weather and the return of the buyers to this market. It is clear that interest rates are not going to be going up in any significant way anytime soon. The combination of a large inventory, low Interest rates, and prices that are down 38% from the top of the market in 2007 should help bring in the buyers.
We currently have 21 transactions on the books for this quarter (15 homes, 6 condos). Q2 last year we sold 20 homes, we have 15 on the books 1 month into this quarter so we have an excellent change of selling more homes this quarter. We are seeing the average price of a home sold this year is down about $80k from the same period last year. Smaller homes in good locations are the hottest sellers in the market currently. We do have a number of larger beautiful properties on the market at prices that should start to attract the high end buyers.
If you have not been to Sunriver recently the new aquatic center is really taking shape. I will have some pictures up on the blog in a few days ( need some sunshine).
Questions, comments, give me a call
John
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