Sisters, OR

When it comes to the Sisters real estate market in January, it was a tale of two markets: Residential (Single Family Residences) vs. Residential with Acreage (homes on one acre or more). On the one hand, the number of SFR listings decreased, from 73 to 70, and the number of pending and closed sales increased, from seven to 11. That's good news for sellers and the market in general. On the other hand, the number of Acreage listings increased, from 59 to 66, and the number of its pending and closed sales decreased, from three to zero. Yikes! Let's hope that's not a trend that continues.

Below are a few January highlights of the Sisters market.

LISTING ACTIVITY
Active Residential Listings in Sisters: 136 (70 Single Family Residences; 66 Residential with Acreage)
Pending Residential Sales in Sisters: 4 (4 SFR; 0 RW)
Residential Sales in Sisters: 7 (7 SFR; 0 RW)
Average Days on Market: 236 days for Active SFR listings;
233 days for Active RW listings;
268 days for SFR listings sold in January;

Median Sales Price: $420,450 for Active SFR listings;
$225,000 for SFR listings sold in January;
$689,000 for Active RW listings;

INVENTORY:
Single Family Residence: 11-month supply (77 sales in the previous 12 months)
Residential with Acreage: 32-month supply (25 sales in the previous 12 months)

SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $169,990
Least-Expensive Residential with Acreage Active Listing: $229,000
Most-Expensive Single Family Residence Active Listing: $1,950,000
Most-Expensive Residential with Acreage Active Listing: $5,250,000
Price Point with the Most Active Listings: $350,000-$399,999 in SFR (11 listings)
$1,000,000-$1,249,999 in RW (8 listings)

If you're interested in studying the market in more depth, there are a number of charts below that capture various aspects of the Sisters real estate market in detail.

About the Author:
Lisa Broadwater is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.

Folks who'd like to combine a good time with a good cause are encouraged to attend a benefit concert for Sisters residents Doug and Katie Cavanaugh on Feb 27 at Three Creeks Brewery.

Last month, a devastating fire in the early hours of Jan. 22 destroyed the workshop that housed Doug's business, Cavanaugh Logging, along the couple's music venue, Harmony House (Katie, a former Realtor with Coldwell-Banker Reed Bros., in Sisters, is also a well-known folk singer-songwriter, who performs often with Doug).

The fire, which was started by an electrical short-circuit, not only leveled the workshop but destroyed several vehicles, Doug's tools and much of his logging equipment. Insurance won't cover the cost of rebuilding the shop, which was deemed a total loss. Shortly after the fire, the Sisters community rallied around the couple, loaning critical replacement tools that would allow Doug to maintain his business while they regroup.

The concert, which starts at 8 p.m., will feature numerous Central Oregon musicians, including the Blue D'arts; Dennis McGregor with Peter Heitoff and Patrick Lombardi; Brad Tisdel; Dale Largent; and The Anvil Blasters. Tickets are $20 at the door. Raffle tickets and prizes will also be on hand (to donate raffle items, call Terri Daniel at 549-4004). For more info, call Three Creeks (541-549-1963) which is located at 721 Desperado Court (next-door to the Sisters Movie House).

About the Author:
Lisa Broadwater is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.

Central Oregon received its first big snow in December -- just in time for Christmas. Meanwhile, the Sisters real estate market continued to cool. It was nice to see yet another dip in the number of listings (down from a summer high of 243 in July to 132 in November). No one should be too surprised to find a slight decrease in the number of sales (from a high of 11 in June and July to seven in December).

Below are a few December highlights of the Sisters market.

LISTING ACTIVITY
Active Residential Listings in Sisters: 132 (73 Single Family Residences; 59 Residential with Acreage)
Pending Residential Sales in Sisters: 2 (0 SFR; 2 RW)
Residential Sales in Sisters: 7 (4 SFR; 3 RW)
Average Days on Market: 231 days for Active SFR listings;
257 days for Active RW listings;
161 days for SFR listings sold in December;
188 days for RW listings sold in December
Median Sales Price: $429,900 for Active SFR listings;
$311,750 for SFR listings sold in December;
$679,000 for Active RW listings;
$325,000 for RW listings sold in December

INVENTORY:
Single Family Residence: 12-month supply (76 sales in the previous 12 months)
Residential with Acreage: 28-month supply (25 sales in the previous 12 months)

SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $169,990
Least-Expensive Residential with Acreage Active Listing: $229,000
Most-Expensive Single Family Residence Active Listing: $1,950,000
Most-Expensive Residential with Acreage Active Listing: $4,900,000
Price Point with the Most Active Listings: $350,000-$399,999 in SFR (10 listings)
$1,000,000-$1,249,999 in RW (7 listings)

If you're interested in studying the market in more depth, there are a number of charts below that capture various aspects of the Sisters real estate market in detail. If you´d like to learn more about the Sisters real estate market, don´t hesitate to email me at lisabroadwater@remax.net or call me toll-free at 866-963-2760.

About the Author:
Lisa Broadwater is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.

Well, we've weathered two snowstorms since last week, and it looks like the third is on its way tonight. Definitely a white Christmas here in Central Oregon!

The photo for the card above was taken on Tuesday, just outside the boundary of one of my clients' horse properties in Sisters. I encountered a large herd just after showing the property to a couple who gamely forged through a foot of snow to survey several outbuildings. A beautiful sight to behold.

Merry Christmas to all,..

With winter approaching, the Sisters real estate market again experienced only minor changes. In November, we continued to see a dip in the number of listings (down from a summer high of 243 in July to 170 in November), but the number of sales again decreased slightly (from a high of 11 in June and July to eight in November).

Below are a few November highlights of the Sisters market:

LISTING ACTIVITY
Active Residential Listings in Sisters: 170 (100 Single Family Residences; 70 Residential with Acreage)
Pending Residential Sales in Sisters: 5 (4 SFR; 1 RW)
Residential Sales in Sisters: 8 (7 SFR; 1 RW)
Average Days on Market: 213 days for Active SFR listings;
232 days for Active RW listings;
218 days for SFR listings sold in November;
176 days for RW listings sold in November
Median Sales Price: $439,900 for Active SFR listings;
$270,000 for SFR listings sold in October;
$749,000 for Active RW listings;
$570,000 for RW listings sold in October

INVENTORY:
Single Family Residence: 16-month supply (71 sales in the previous 12 months)
Residential with Acreage: 36-month supply (25 sales in the previous 12 months)

SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $169,990
Least-Expensive Residential with Acreage Active Listing: $229,000
Most-Expensive Single Family Residence Active Listing: $1,950,000
Most-Expensive Residential with Acreage Active Listing: $4,900,000
Price Point with the Most Active Listings: $350,000-$399,999 in SFR (16 listings)
Tie in RW (7 listings each):
$450,000-$499,999; $1,000,000-$1,249,999;
$1,250,000-$1,499,999

If you´re interested in studying the market in more depth, below are a number of charts that capture various aspects of the November Sisters real estate market in detail. If you´d like to learn more about the Sisters real estate market, don´t hesitate to email me at lisabroadwater@remax.net or call me toll-free at 866-963-2760.

About the Author:
Lisa Broadwater is a Central Oregon-based real estate professional who specializes in listing
and selling rural acreage, especially horse properties. If you'd like to learn more
about Central Oregon, please visit www.CentralOregonHome4You.com.