Posts made by author 'Keith Petersen'

Real Estate In Sunriver

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October
14

Setting the Right Price for Your Home

Setting a Price for Your Home
Determining the right price to list your home can be tricky business.  It is both an art and a science.  Use these tips to arrive at a listing price more easily.

The Pricing Dilemma
The trouble with pricing your home above its value isn't just that you might not end up getting that price. After all, you can always lower the price later, right? The real trouble is that the longer your home stays on the market, the more it loses its luster, and the more difficult it will be to sell. 

On the other hand, setting your price too low isn't necessarily a disaster, though it can be. Sometimes, a home priced below its worth will receive multiple offers, driving the price up to market value. But there's no guarantee that it will work out th...

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October
9

5 Tips To Make Moving Day Easy

If you're not exactly jumping for joy at the thought of packing up your life and moving to a new home, you're not alone.  Just when you think you've cleaned your last closet and sorted through that final bin, "BAM!" more work suddenly appears.  

Moving Day
To keep your move (and head!) from spinning out of control, follow these five tips to make moving day as easy as can be.

  1. Start Planning Early
    Avoid last-minute planning. Allow a minimum of 30 days to create your plan to ensure everything falls into place.

  2. Your Moving Strategy
    Determine how you'll move to your new home. For shorter distances, enlist the help of close friends and family. Renting a truck goes a long way in ensuring that your move is easy and hassle-free. If yo...

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September
18

Central Oregon Real Estate Housing Market Update for August 2020

Bend, Oregon

Bend has seen the housing prices stabalize a bit for August but inventory is lower than it was in July. The new detached single family residence permits increased to 76 from 46 in July. Building is definatly going on and growth is happening in Bend.  Right now we are waiting to see how much the wildfires across or state will impact us.

Redmond, Oregon

Redmond's single family residendial housing market median sales price has increased aproximately 5% and the level of inventory is holding steady right now.

Sunriver, Oregon

In Sunriver the inventory is low with a median average sales price of $507,000. 

Sunriver market update

La Pine, Oregon

Ri...

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August
11

Central Oregon Housing Market Update for August 2020    

The Central Oregon houseing market has taken off, the single family median sale price in Bend has broken another record in July. 
Last month the median  sale price was Central Oregon Housing Market Update
$529,000, up 12.55% from July 2019.  The data was reviewed three times in order to ensure the $529,000 was correct.  The number of sales in Bend reached over 300 sales in July.  Demand is strong and the inventory level fell slightly lower than a one month supply.  This spike may be temporary and time will tell if the trend remains over $500k.
 
In Redmond, Oregon the housing market for single family residence had a slight increase in July, $345k, up about 9.52% from July 2019.  

Building permits in  Bend and Redmond are at typ...

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July
22

Sunriver, OR 97707

If you have been thinking of selling your home, right now might be the time, it is a strong sellers market in Sunriver amist the Covid pandemic.

Wednesday July 22,2020
This week the median list price for Sunriver, OR 97707 is $775,000 with the market action index hovering around 50. This is an increase over last month's market action index of 42. Inventory has held steady at or around 21. Click here to stay informed with the Sunriver market!

Market Action Index

This answers "How's the Market?" by comparing rate of sales versus inventory.

Strong sellers real estate market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
 
Sunriver median list price 
Sunriver median sunriver real estate listing price
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
 

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

It is a strong sellers market right now in Sunriver, inventory is low, interest rates are low and prices are up. If you have been tossing around the idea of selling now would be a great time to get your home listed for sale.

Strong real estate sellers market

Information provided by First American Title

 
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