April 2009 Real Estate Market Snapshot for Sisters, Oregon

The Sisters market saw only subtle changes from March to April, with a minimal increase in inventory --which remains high -- and a slight increase in sales activity.

Days on Market changed little also, for both Single Family Residences and Homes on Acreage. Meanwhile, the Average price for listed SFR listings increased slightly (from $500,457 to $508,622), and the Average price for Homes on Acreage decreased from $981,523 to $949,320.

Here are a few April highlights of the Sisters market:

LISTING ACTIVITY
Active Residential Listings in Sisters: 180 (100 Single Family Residences; 80 Residential with Acreage)
Contingent Residential Sales in Sisters: 3 SFR
Pending Residential Sales in Sisters: 4 (2 SFR; 2 RW)
Residential Sales in Sisters: 2 (1 SFR; 1 RW)
Average Days on Market: 177 days for Active SFR listings
242 days for Active RW listings
248 days for the SFR listings sold in April
84 days for the RW listing sold in April

Median Sales Price: $425,000 for Active SFR listings
$730,000 for the SFR listing sold in April
$724,450 for Active RW listings
$265,000 for the RW listing sold in April

INVENTORY
Single Family Residence: 19-month supply (62 sales in the previous 12 months)
Residential with Acreage: 40-month supply (24 sales in the previous 12 months)

SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $169,990
Least-Expensive Residential with Acreage Active Listing: $249,000
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: $250,000-$299,999 in SFR (14 listings)
$1,000,000-$1,249,999 in RW (11 listings)