Now that we have completed the third quarter of 2007, we thought that it would be a good time to provide some statistics pertaining to the "state of Sunriver's real estate market".  Many are worried that with the downturn in the real estate market, that now is not a good time to invest in property.  We think  the information that we will  provide will be cause for encouragement for anyone looking to buy or sell in Sunriver.

In 2004 the average home in Sunriver was 3 bedrooms, 2.75 baths, 2171 square feet and sold for $439,819 in 126 days.  That year saw a whopping 244 homes change hands.  In 2005 214 more homes sold in an average of just 90 days, but the cost of owning a Sunriver home increased by 14% to just over $502,000.  Not a bad investment, unless you waited another year.  In 2006, most "experts" were saying  the real estate market was on the down side of the curve. Not the way we see it.  The numbers show that fewer homes sold, down to 165.  And those sales took a bit longer, 111 days.  But the big surprise was that prices increased by nearly 25%, to $627,325!!!  The size of the average Sunriver home grew to 4 bedrooms and 3 baths, but was only slightly larger at 2210 square feet.

We'd like to tell you that the trend has continued through the first three quarters of 2007, but we can't.  All good things must slow down a bit.  However, the picture is certainly not one of doom and gloom.  So far in 2007 there have been 114 Sunriver home sales.  If we continue on this pace, we will have closed on 152 Sunriver homes in 2007.  Their stay on the market has risen to 138 days (only about two weeks longer than in 2004).  But the really good news is that the price of the average Sunriver home has risen once again to $629,382.  We know that this seems to be an insignificant increase, but we believe this to be good news to both Buyers and Sellers of Sunriver homes.

Sellers of Sunriver homes can rest assured that their homes should have a Buyer in a reasonable amount of time.  Also, if they didn't buy in the past year, the gain from their home investment should be rewarding.  As for Buyers of Sunriver homes, this looks like it could be a good time to be a Sunriver Buyer!  We currently have a lot of inventory to choose from, with 125 homes actively on the market.   The average days on market for those listings is 125 days.  If you buy now, you can be in your new Sunriver home for the Holidays.

 Check out our featured homes  and all of the MLS listings at our website http://www.buysunriver.com/