It’s been a while since I’ve done any statistics exclusive for Sunriver, so I’m taking a moment to get this task complete. Things have been moving in Sunriver…well people seem to be buying anyway! We have an absolute shortage of sellers! For the first time since I’ve been monitoring the Sunriver market (well over 8 years) inventory is at an extreme low. Typically, there is an average of about 80 homes for sale (with maybe 20 of those being new construction) and as of today there are only 49 homes for sale and of those only 34 of those being resale homes.
Whats Selling in Sunriver?
Currently, there are 33 homes Pending in Sunriver and of those, 17 are resale. This number would likely be higher if there were more resales in inventory to choose from. Since September 1, 2015 there have been 24 SOLD homes in Sunriver and of those 24, 14 were resales. Check out this illustration which shows the past two years of SunRiver St George real estate statistics.
New construction is moving in Sunriver. Last week I had two buyers purchase new construction homes. The largest factor for new construction to be doing so well, is the fact that the inventory is so low. Buyers are not able to find the home they want, so they are required to build in order to get it. Of course new construction always costs more, but if the buyer has a more specific list—it’s really the only way to find what you want. Also, there is a decent selection of hard to find view lots recently released in Sunriver. This seems to be encouraging buyers (new buyers and current residents looking to trade up) to purchase a new construction.
If you’ve got a home in Sunriver and you’re thinking of selling, please give Paula Smith of Red Rock Real Estate a call right away. I can give you a free market analysis and give you an idea of what your home will likely sell for. If you’re thinking of buying, let me know if you are not already on the Automated Alert and I’ll make sure to add you. This will send you all Sunriver listings as soon as they hit the market. Prices are trending up due to supply and demand, it's time to jump off the fence and get into the buying and selling pool.
Paula Smith Red Rock Real Estate