Sunriver Q4 2012 final numbers

We did end up with the best quarter in 5 years with 43 homes sold for a total value of $18,190,161 and 59 total transactions including condo, timeshares and land totaling $20,744,178.  The average price of a home sold was at $424K and the average price per soft was $181.79.  Home sold at an average of 95% of list price.

So far Q1 2013 has about $5 million on books for this quarter, we also only have 87 homes on the market, last year we had 106 at this point.  I do think the inventory is going to be a bit smaller this year and it looks like prices are going to go up a bit.  Only time will tell what is going to happens as the political turmoil in Washington continues to make everyone uneasy.

On the bright side, we have lots of snow and the weather has been cold and clear and the skiing is GREAT.

Sunriver Real Estate Q4 2012 update

The good news is Sunriver has put together a great comeback year.  You have to go back 5 years to Q4 2007 before you have a higher volume quarter than Q4 2012.  In Q4 2007 Sunriver had 29 homes sell at an average price of $670,558.  There were 5 homes in those numbers that were over $1 million and the lowest price home sold was $385,000, it was a 3 bedroom 2 bath home on Lupine.  The total value of homes sold was over $19 million.  Q2 2008 had $15 million in home sales and Q4 2009 had $14 million.

This current quarter which is not yet finished has 38 sold homes so far and an average value of $424,500 for a total dollar value of over $16 million.  There was 1 home sold over $1 million and the lowest priced home was $187,500, it was a 3 bedroom 2 bath home on Timber.  

The average price per sqft in Q4 2007 was $294, the average in Q4 2012 is $181.  That is a average reduction of 38%.  The good news in all this is that the average price per sqft for all of 2012 is also $181.  That gives us a solid feeling that priced have bottomed and were stable all year.  Based on the current sales volumes it seems a lot of people believe that is true as they have been buying homes like 2006-7.

The other thing worth mentioning is that Sunriver dropped to below 100 homes on the market a few days ago, this is the first time in at least 3-4 years it has been that low in the winter season.   There are only 6 of the 99 homes that are short sales and there are 2 short sale under contract.

On the "not so good side" interest rates are starting to creep up and I am being told by the mortgage lenders that higher rates are coming.  It may only be a .25 to .5 increase, but they are letting us know that they have also bottomed and are starting to rise.

The big question on everyones mind is what is going to happen to prices in 2013.  That is a really hard question as our current political/ fiscal environment is in such flux.  If the country does what it needs to do it will likely cost all of us more money out of our pockets and have a tendency to keep home prices low.  Central Oregon has already seen a good recovery in our numbers, much of that has been the result of most of the short sales and bank owned properties have sold, so the average prices are starting to go back up to something more normal.  I believe that we will see upward movement in the average price of a home sold in Sunriver in 2013.  I think the primary reason is going to be that most of the desperate sellers, short sales and bank owned properties are gone and most of the low end sellers that wanted to sell have sold.  Homes selling for under $250K made up almost 25% ( 33) of the homes sold in 2012.  There are currently only 8 on the market.  We will have to wait until we are a few months into 2013 before we will know what kind of year we are going to have.

Other than that, let me wish you all a Merry Christmas and a Happy New Year.

BTW, it is going to be a VERY WHITE Christmas in Sunriver this year.

John

Sunriver Real Estate Q3 2012

We did have a great summer season.  Sunriver had 61 closed real estate transaction compared to Q3 2011 total of 49 transactions.  The total dollar value in Q3 2012 was $16.2 million compared to $13.8 million in Q3 2011.   Of those transaction 40 of them were homes compared to 25 in Q3 2011, a 60% increase.   The average price per sqft of a home sold in Q3 2012 was $177, compared to $187 a year ago.

We are bouncing along the bottom price wise with the average price of a home sold this quarter at $342K.  I still do not expect to see much upward price movement until the economy gets much stronger.  The continuing low interest costs are having a strong positive effect on sales.  The thing that is changing is our inventory of homes for sale is shrinking, if this continues we will start to see prices go up.

As of now 10/17/12 we already have 41 transactions on the books for Q4, representing over $14 million in transactions.  We are on track for  great Q4 2012.

We currently have 125 homes on the market, 27 condos, and 17 lots.

It is quite clear that the addition of the SHARC and the beautiful upgrades to the Village have had very positive impact on Sunriver real estate.

Thanks, John.

Sunriver Real Estate Q2 2012 quarterly update

Sunriver had a great real estate quarter for Q2 2012.  We sold 36 homes in Sunriver this quarter compared to 26 homes sold in Q2 2011.  That was a 42% increase in Sales dollars for the quarter.  Over all including all types of properties Sunriver had 43 transactions and sold a total dollar value of $14,645,628 compared to Q2 2011 which had a volume of $11,434,675.

The average price of  home sold increased only slightly this year over last year from $374K to $384K and the sales price as percentage of list price remained the same at 95%.

The inventory of homes available for sale is down over 25% from last year with only 152 homes currently on the market in Sunriver.  Price continues to be the motivating factor as over 50% of the homes sold were under $325K.  The good news is that mortgage rates have continued to stay very low and currently are showing no sign that they will be going up anytime soon.

We currently have over $6 million on the books for Q3 2012 as pending transactions.   That is a great start for the quarter, but we will need to do over $13.3 million to exceed Q3 2011.

Q1 2012 Sunriver Real estate update

Sunriver closed out 2011 with a strong 4th quarter.  It was the best quarter of the year for sales volume.  We are clearly in a sweet spot for the opportunistic buyers with market prices and interest rate the lowest they have been in years.  The traffic of buyers has been steady all winter and the quantity of transaction on the book for Q1 2012 shows that many of the buyers are buying.  We currently have 20 closed transactions on the books for Q1 with a total of $5.24 million in volume and we have another 14 transactions pending which will convert to approximately $5.5 million in volume.  While the average price of a transaction is down from last year we will most likely exceed Q1 2011's total sales volume because we have more traffic and more of them are buyers.

We currently have 106 homes on the market in Sunriver.  I do expect to see that number increase to 140- 150 by mid Spring and to approach 180-200 over the peak of the Summer.  The excitement around the opening of the new SHARC aquatic center has fueled much of the new buyer enthusiasm.  We are expecting a great summer season, come and check it out.

Thank you, John

Sunriver Real Estate - Q4 2011 Update

We are a couple of days from the end of the quarter and the end of the year.  In my article in for the December issue of the Sunriver Scene I forecast that we would sell 25 homes for a dollar value of $10.9 million in the 4th Quarter.  As of today we are at 23 homes and $10.25 million, that compares to 22 homes sold and $8.3 million in the same quarter a year ago.  It is possible that we could see a couple of more homes close this week and hit my number, but we will know for sure in couple of days.   The total for the quarter was $11.9 million compared to $10 million for the same quarter a year ago.

The other piece of good news is the average price of a home sold in the 4th quarter was $445K this year and $378K last year.  The price per sqft was down to $183 from $190 last year.  The good new is we are seeing buyers spend more money on average as the deals got better this year.

I will have a complete update with all the final numbers for the quarter in a couple of weeks.

Hope you all had a great Christmas and have a happy new year.  I really do think we are going to see the real estate market in Sunriver improve this year.

Thanks, John.

Sunriver Real Estate - Q3 2011 final numbers

The Summer season has ended in Sunriver.  We had a very good 3^rd quarter in real estate.  Q2 2011 produced $11.4 million in transactions, Q3 2011 produced $13.8 million in transactions.  That represents a 21% increase in dollar volume from Q2 to Q3.  The other really good piece of news is that we have 20 transactions on the books for Q4 totaling an estimated $8.4 million of carry over from Q3 2011.

     Of the 49 transactions in Q3 2011 25 of them were homes.  The average price per sqft was down from the $193 last quarter to $187, but the average percentage of sales price remained the same at 93%.  We did have one home that sold for very close to $1 million this quarter and we have several pending sales for Q4 that are in the high 6 figures.  This return of the high-end buyer should start to improve our average home values if the trend continues.

     It was very clear that the continuing improvements in the Village, the now completed 4 lane freeway from Bend to Sunriver and the buzz surrounding the SHARC have helped sell real estate this year.  With the SHARC opening next year I am confident we are going to see this trend continue.  The Sunriver owners have continued to invest in the community during some of the most difficult times we have seen in this country in recent years.  When we do see a turn in this economy as a community we are going to have one of the fastest recoveries.

Thanks, John

Sunriver Real Estate - Q3 update

     We are 2 months into the 3rd quarter of 2011.  August turned out to be busy and very productive.  We doubled the number of deals on the books for this quarter from 26 a month ago to 52 today.  The majority of the increase was also in home sales as we increased from 13 homes on the books to 34 homes.  Assuming we closed all 52 deals before the end of the quarter we would have a volume of a little over $15 million for the quarter for all product (homes, condos, shared ownership, land).  If we close all the homes on the books by the end of the quarter we would have a volume of approximately $12.5 million.  This would be over a 25% increase over Q2 2011 and an equally significant 25% increase over Q3 2010. This would also make the 3rd consecutive increase in quarterly sales for Sunriver.
     It does seem clear that the combination of record low prices, record low interest rates, the soon to be completed new SHARC center, continuing improvements in the Village and the 4 lane freeway from Bend have got the attention of the buyers.  Sunriver is making significant improvements to the quality of the "Sunriver Experience" and people have taken notice.
     The other thing to take note of is the amount of construction that is going on in Caldera Springs.  We also have 2 home sales and 4 lots sales on the books for this quarter.
     Rumors are flying that the SHARC center may have some facilities open as early as the first of the year.  We are all getting very excited.

Thanks, John
   

Sunriver Q3 2011 Real Estate Update

We are 1 month in the 3rd quarter of 2011.  It has felt very busy so far this quarter and the weather has finally turned to perfection.  We have 26 deals on the books for the quarter so far, for a total of approximately $7 million of transaction value.  There are 13 homes and 12  condo’s & timeshares and 1 lot.

The stats on the 13 homes are as follows, days on the market are down to around 130 from 193 last quarter and 242 last year.  If that holds up that is big.  Price per sqft is right at $192, exactly what it was last quarter, another indication that we may be at the bottom of this cycle.  Average sales price is up around $400k, last quarter was $373K.  We are still very early in the quarter, but I do believe we will show an improvement over last quarter and hopefully an improvement over the 3rd quarter which is going to take selling 28-30 homes this quarter.

If you have been in Sunriver recently you have seen how fast the new aquatic center is going up.  It is really creating a buzz and I feel strongly that it is helping us sell property.  They are giving tours on the weekends, you can sign up on the SROA website.  The place is going to be amazing.

Questions, comments, send me an email

Thanks, John

Sunriver Real Estate - Q2 2011 final numbers

    One month ago we had 35 transactions on the books ( sold and Pending) for the quarter.  We ended up closing 35 transaction in Q2 2011 for a total $ volume of $11,435, 710.  This was a nice up-tick from Q1 numbers, which was an up-tick from Q4 2010 numbers.  Maybe we have something going here.  We sold 26 homes in Q2 2011 at an average of $373K.  The good news was a significant drop in the days on the market to 192.  This is reflected by both the increased sales and a smaller inventory.
     The high end of the market continues to be very slow as the most expensive home sold in Sunriver in Q2 2011 was $641K.  We have some fantastic homes on the market in the $800K to $1 million range.  I will be very surprised if we don't see some action there this year.
     Sunriver is very busy right now and Bennington Properties rentals are having the best year they have had since 2008.   There does seem to be a lot of buyers in the market for Sunriver homes and I am assuming that Q3 2011 is going to be yet another improving quarter for sales volume.  We have 19 deals on the books, (sold or pending) as of July 10, 2011 for a total of over $5 million in volume.  Thats only 10 days into the quarter!!
     The new aquatic center (S.H.A.R.K.) is going up at light speed and is really creating a buzz.  It looks like it really will be on time for a Memorial Day 2012 opening.   I wrote the real estate article for the Sunriver Scene for August, watch for it, it has complete charts and data for the last 3 years by quarter.

Thanks, John.

Sunriver Real Estate Late Quarter update - Q2 2011

     We are 2 months into the second quarter of 2011.  We have 35 transactions on the books for this quarter so far ( 23 closed sales and 12 pending sales).  26 of these are homes and 9 are Condo’s, timeshares and one hangar space.  We are tracking toward closing 35-40 transactions this quarter and close to $10 million in home volume, with another $2-2.5 million in condo’s and other product for a total of around $12 million in total transaction volume for the quarter.  We are going to come in a little behind last years numbers, primarily because the average price of a home sold this year is down substantially from last year.   This is because last year the lowest priced home sold in the quarter was $300K, this year we have 7 homes sold or pending under $300k.  Also last year we had 5 homes sold over $640K, this quarter we have none.
     On the good news side we are seeing marketing times moving down (Q4 10 was 333 DOM, Q1 11 was 309 DOM, Q2 11 is currently 221 DOM).  The other interesting factor is we have 157 homes on the market as of  today, at the middle of July last year we had 240 homes on the market.  I do believe we are not going to get that high this summer which should help the market.  If you have a Condo listed, we are also seeing much more interest in that product this year than we did last year.  This is really the season when Condo’s start to see some activity.
     May has been a weather challenged month in Central Oregon with more wet cold weather than we normally see, this may have contributed to sales not picking up more.  School is getting out earlier this year than last and that should give us a faster start to the Summer season.   Bennington Properties had 80% of there homes booked for Memorial Day weekend and we did have lots of buyer traffic this weekend.  I do believe that the new aquatic center is creating a big buzz and it will really help Sunriver.

Questions, comments please contact me.

Looking forward to a great Summer.

Thanks, John.

Sunriver Real Estate mid Quarter update - Q2 2011

     In the second quarter of 2010 Sunriver closed 36 transactions (homes, condos, land) for a total dollar value of $13.3 million.  Of those transactions 20 of them were homes, 14 were condos and the were 2 lot sales.  At this mid point of the second quarter of 2011 we have 30 transactions on the books (sold or pending) 22 homes and 8 condos.  If we close 100% of these transactions before the end of the quarter the dollar value of these transactions will be approximately $10 million.  The average price of a home sold this quarter is running about $375K compared to $535K last year in the second quarter.  Average days on the market is almost the same around 230 and average price per square foot is $195 vs $211 last year.  We are selling more smaller homes this year compared to last year.

     I do think we have a good chance to match last years numbers for the second quarter, but we are going to have to sell about 20% more homes to do it.  The buyer traffic is picking up, but they are very careful and most know exactly what they want and they are unwilling to compromise as they clearly feel they have time.  One very interesting factor is that we only have 150 homes on the market currently.  Last year by mid summer we had 240, I think there is a good possibility that we have seen most the panic sellers and we may not get up anywhere close to that number of homes on the market this year.

If you have any question or comments please contact me.

John.

Sunriver Real Estate Q2 2011 update

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

Sunriver Real Estate Early Q2 2011 Update

We currently have 19 homes and condos either sold or pending so far this quarter. 15 of them are homes, we sold 21 homes last quarter so it looks like we have a good chance to see an up tick in volume this quarter. The current average sales price is $348k compared to last quarters $400k. It is still early in the quarter and we have time to see that number improve. The buyer traffic has picked up some, but we usually don't see a big jump until after tax season is over.

Sunriver Real Estate 1st Quarter 2011 Final numbers

     Well ladies and gentlemen we did it, we broke the downward slide, after 5 straight down quarters, Q1 2011 was just slightly better than Q4 2010 in home sales and the average price was up from $375K to $400K.  We closed 21 home transactions for a total of $8.4 million in volume.  If you read my latest article in the Sunriver Scene at the middle of March I forecasted a volume of $7.5 Million and 19 homes for Q1.  I am glad to say I was low.  The total for the quarter was $9.233 million if you include land, condo and shared owner sales.

     We have a carry over of $4.5 million in pending sales which should close in Q2 2011.  Based on the pick up in traffic  and the volume of new listing coming on the market I believe that Q2 will be even stronger that Q1 was.  The new listings are also coming on the market at very realistic prices, so it would seem that sellers understand that you have to be priced to sell in this market or you are still going to own it next year.

     The new buyers all seem to be very excited about the new aquatic center and I do think it is starting to create some energy in the market place.  When you drive by it on Beaver and see how big a project it is, it is exciting.   The weather is starting to show some signs of Sun and the golf courses are starting to green up  so come to Sunriver and buy something.   The home inventory is up to 140 homes, I still expect it to grow to well over 200 by mid summer.

Thanks,

John.

Sunriver Real Estate 1st Quarter 2011 update

We are now 2 months into the new year.  The activity level has picked up significantly in February and we have gone from 13 properties under contract at the end of January to 28 at the end of February.  We have gone from 0 closed transactions to 8 closed transactions.  Assuming we could close all the the currently pending transaction this quarter we would come in at about $9.7 million in volume for the quarter.  That is of course not very likely, we will most likely come in around $6-7 Million.   The homes that have sold and closed so far this year are running at 95% of sales price and $170 per sqft.  I do not expect these number to hold and I think our market is more in the $180-200 per sqft range once the quarters numbers are all in.

The inventory in Sunriver is at the lowest point ( 116 homes) of the year right now and we will start to see a large number of new listings coming on the market over the next few months.  I believe we are going to see a good selling season this year as the economy continues to improve and unemployment inches lower.

If you have any questions about buying, selling, listing, renting or just have a question don't hesitate to call me or send email.

John Watkins
jdw48@mac.com
541-390-3600

Sunriver Q1 2011 update

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

Sunriver 2010 real estate sales summary data

This is going to be a lot of numbers data which I really like to look at because it gives me a much clearer picture of what is happening in the marketplace.  First here is a summary chart by quarter of the sales data for homes sold in Sunriver for the period from 2008 through 2010.  Please remember that the averages are based only on the homes that sold.

	Q1 08	Q2 08	Q3 08	Q4 08
# Homes	11	26	17	18
$ Volume	$6,773,700	$15,519,790	$10,674,470	$12,318,500
Average SP	$615,791	$596,915	$627,910	$684,361
DOM	166	195	195	199
per sqft	$300	$268	$261	$260
% of SP	97%	90%	94%	90%
	Q1 09	Q2 09	Q3 09	Q4 09
# Homes	18	14	16	32
$ Volume	$9,166,752	$5,674,998	$7,401,296	$14,446,112
Average SP	$509,264	$405,357	$462,581	$451,441
DOM	287	317	242	305
per sqft	$226	$229	$220	$222
% of SP	92%	92%	93%	93%
	Q1 10	Q2 10	Q3 10	Q4 10
# Homes	27	20	23	22
$ Volume	$12,714,516	$10,710,100	$10,155,489	$8,330,498
Average SP	$470,908	$535,505	$441,543	$378,659
DOM	387	234	189	333
per sqft	$199	$211	$203	$190
% of SP	92%	94%	95%	93%

The year 2010 ended with a big drop off in sales volume for Q4 compared to early quarters in 2010 and a big drop in volume from the Q4 2009 numbers.  The Q4 2010 DOM was way up as we saw a number of homes that had been on the market over a year finally sell ( 8 of 22 had been on the market over 1 year & 4 of them over 2 years), but this moved the DOM of homes sold up significantly from the previous quarter.  If you look at he annual data for the last 4 years 2010 feels much better.

Year	2007	2008	2009	2010
# Homes	143	72	80	92
Total $ Volume	$91,195,962	$45,286,460	$36,689,158	$41,910,603
Average SP	$637,734	$628,979	$458,614	$455,550
DOM	158	188.75	287.75	285.75
per sqft	$287	$272	$224	$201
% of SP	96%	93%	93%	94%

When viewed this way 2010 shows a marked improvement over 2009 with more sales transactions, higher $ volume of homes sold.  What has continued to decline is the price per sqft. and average Sales Price.

As the economy continues to improve in 2011 I do believe we will continue to see sales activity increase and more people feeling comfortable about buying and owning a second home/vacation rental.  Remember 10,000 baby boomers are turning 65 every day and we have one of the best places in the country to retire if you are healthy and active.

Another good indicator for 2011 is that the Case-Shiller Housing index on price to income for housing is down from 1.65 in 2007 to 1.06 in 2010.  We have almost returned to 1 which is where it should be, and if we can see some personal income gains in 2011 we just might get there.

Email me if you have any questions about this data.

Mid 4th Quarter 2010 Sunriver Real Estate Update

  The 4th quarter has turned out to be a bit slower than I expected.  I had forecast $11.25 million in sales volume and it does not look like we are going to get there.  Sunriver currently has Pending sales of 2 condos, 9 homes and 1 lot, and sold properties 4 condos, 12 homes and 1 lot.  Assuming all this business closes before 12/31/10 the total sales volume will be just over $9 million.  We could do better than that but I am not counting it.

 Buyers are clearly being very careful in this market.  The resort real estate market has been very slow now for over 2 years.  With the election behind us and hopefully the worst of the economy issues we are looking forward to next year showing some needed improvement in this market.

  We are still benefiting from extremely low interest rates and a large inventory of homes to choose from.  Caldera Springs has seen several of its more expensive homes sell recently and we continue to see new homes going up as the cost of money and construction are very favorable.

Happy holidays to everyone.

Questions please give me a call or send me and email

John Watkins
jdw48@mac.com
541-390-3600

November Sunriver Scene Article

I wrote this article for the Sunriver Scene about 3 weeks ago.  I have re published it here in case you did not see it.      

      "I spent most of my career as a CPA and CFO, so I have a great love of financialnumbers and the story they can tell us.  Unfortunately it is now quite clear that all the political rhetoric and public funds have not succeeded in giving us a quick recovery from the latest recession.  Certainly some segments of the economy are starting to show some upward trends and the government has declared that the recession ended last summer as GDP turned positive.   The reality of it for most of us is that real estate and unemployment are the factors that most affect our day to day lives and they have yet to show any serious signs of improvement.  If you were smart enough to let you 401K ride out the recession you are most likely about half way back to where you were before the crash.  On the other hand if you held on to all your real estate you are pretty much still at the bottom wondering when things start to improve.  It is quite clear we are still grinding through the bottoming process in real estate.  I do believe we have bottomed out and I am    confident that 2011 will bring some stability to our market.

       Below is a chart of data from the last 3 years of homes sold in Sunriver.  I have estimated Q4 2010 numbers based on the carryover from Q3 2010 and from the current momentum in our market.   Three things are worth noting in the numbers: first – the days on market moved down in 2010 to something more reasonable ( 200+ days).  Second –Sales price per sqft has been somewhat stable this year in the $200 range.  Third – the percentage of sales price has improved in the last 2 quarters (92% to 95%).  All of these would tend to indicate that we have reached a somewhat stable bottom and that our homes are closer to being priced correctly.   These are clearly signs that we are at thebottom. and our home values should be stabilizing.

Homes Sold	Q1 08	Q2 08	Q3 08	Q4 08
# Homes	11	26	17	18
$ Volume	$6,773,700	$15,519,790	$10,674,470	$12,318,500
Average SP	$615,791	$596,915	$627,910	$684,361
DOM	166	195	195	199
per sqft	$300	$268	$261	$260
% of SP	97%	90%	94%	90%
	Q1 09	Q2 09	Q3 09	Q4 09
# Homes	18	14	16	32
$ Volume	$9,166,752	$5,674,998	$7,401,296	$14,446,112
Average SP	$509,264	$405,357	$462,581	$451,441
DOM	287	317	242	305
per sqft	$226	$229	$220	$222
% of SP	92%	92%	93%	93%
	Q1 10	Q2 10	Q3 10	Q4 10- EST
# Homes	27	20	23	25
$ Volume	$12,714,516	$10,710,100	$10,155,489	$11,250,000
Average SP	$470,908	$535,505	$441,543	$450,000
DOM	387	234	189	225
per sqft	$199	$211	$203	$205
% of SP	92%	94%	95%	95%

       We have sold 18 condominiums this year with 4 in the 3rd quarter and we have 5 pending sales that will carry into the 4th quarter.  There have been only 2 lots sales this year, both in the 2nd quarter and one is currently pending for the 4th quarter.

       Sunriver as a community has made a very strong statement in the last two years by voting to increase the monthly dues to build up a financial reserve and by voting to fund a new pool and community center to keep us competitive in the resort market for years to come.  We are and will continue to be the largest and most successful resort community in Central Oregon.  Our courage to invest in our community in the middle of this recession will bode well for us and our real estate investment when the economy 

returns to more normal levels."

Please contact me if you have any questions about this article or if there is anything I can

help you with.

John Watkins, Broker

Bennington Properties

Sunriver, Oregon.

Jdw48@mac.com