The Sunriver real estate market takes a turn for the better! Sunriver Real Estate Market Update
The Sunriver real estate market is changing for the better. Changing for the better doesnt necessarily mean we have reached the bottom of the market, nor does it mean the worst is over.
The change is for the better because some key statistics support the thought that the market is beginning to slowly correct itself.
Maybe the most telling stat to support a correction in the Sunriver real estate market is Days On Market, or DOM. From 1/1/2010 through 4/26/2010 the DOM for sold property in Sunriver was 367, thats over a year! For the same time period in 2011 the DOM was 269, a decrease of nearly 100 days.
Another telling stat is price per square foot, or PPSQFT of sold propertyin Sunriver. From 1/1/2011 through 4/26/2011 the PPSQFT was $194. For the same time period in 2010 the number was $199. The PPSQFT during the same time frame in 2009 was $228. The PPSQFT has certainly declined. However, there has been a major reduction in how drastically the number has dropped. A great sign the market is correcting itself and that the bottom may be near.
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