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Now that Labor Day is over, I remember the saying, "The days are long, but the years are short." Here in the Sunriver area, most out-of-town visitors have left for home. In 2020, 2021, and 2022, Labor Day felt more like a typical weekend, with the volume of guests after the holiday just as high as before. The parking area near Harper's Bridge at the Deschutes River is a barometer of activity. On Tuesday morning, the traffic at the popular recreation hub was light. Before long, the speed limit will return to 45 MPH from the reduced summer speed limit of 25 MPH, which is a sure sign that fall is in the air.
Deschutes County Listings
Deschutes County homes for sale dropped again this week, now at 1251, forty-two less than last week. New listings are still hitting the Market, including a NE Bend townhouse I am putting in the MLS today. However, homes selling and placed under contract outpace the volume of new listings as inventory declines into the winter season. A healthy seventy-one sales are pending, with sixty closed weekly transactions. The median active list price is $799,950, the pending median price is $650,000, and the closed median price is $675,000. The average prices for these three parameters are $1,165,323, $796,347, and $928,312. These numbers are helpful for a broader view of the Market, but zeroing in on a particular neighborhood or home type provides more useful information. Check out the Market Reports on EnjoyBendLife.com to customize your report.
Crook County Listings
Outside of Deschutes County, the largest population center of Central Oregon, the housing dynamic looks slightly different. In Crook County this week, homes listed for sale increased by four to 164. Seven homes are under contract, with another seven closing this week. The median list price in Crook County is $649,500, the median pending sale price is $625,000, and the median closed price is $380,995. The average numbers skew upwards at $937,514, $713,271, and $428,699, respectively. The diversity of property listed in Crook County makes the median and average prices mere guidelines. With more expensive homes in Brasada Ranch, large acreage properties, and smaller, less expensive homes in the Prineville town grid, Crook County deserves a more tailored approach to market evaluation.
Jefferson County Listings
Jefferson County also saw an increase of homes for sale this week, now at 119, up three from last week at a median price of $499,000. Three homes are pending at a median of $289,900, with eight closed transactions at a median of $368,950. The averages are $618,824, $316,267, and $366,912, respectively.
Market Reports
Rising inventory in the outlying areas and falling inventory in Deschutes County are typical at this time of year but highlight how the different segments of the Central Oregon housing market behave. I use single-family homes in Deschutes County for my larger data sets, but there is wide diversity amongst the different communities within the county. NW, NE, SE, and SW Bend, Sisters, Redmond, Terrebonne, and La Pine each have different dynamics. All nine areas highlighted on the home page of EnjoyBendLife.com have market statistics, links to Market Reports showing the active, pending, and sold data, and the Market Trends page that goes deep into the active inventory for all ten zip codes in Central Oregon. With mortgage rates falling, the national average this morning is 6.4% for a 30-year fixed-rate loan, and more inventory than in the last few years now is a great time to research your Central Oregon home.
Central Oregon Luxury Homes
Also, check out my Sisters, Oregon Ultimate Guide or Bend, Oregon Ultimate Guide. I am working on Ultimate Guides for each area I highlight on EnjoyBendLife.com and will roll them out over the next several months. These comprehensive guides can teach new residents and old-timers about the region, so check them out today!
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