Sunriver real estate news: Time travel through 15 years of Sunriver real estate activity of about 50 percent over five years. By John Gibson Recent columns have stressed the American homes were getting larger and declining inventory of homes available Sunriver was no different with the averand the stabilizing of real estate prices. age square footage of 2,035. The high sale was a hangar home at Most of your friendly lo11 River Road for $945,000 cal real estate professionals and the low was a Forest feel that with the improvPark residence at 9 Hare ing economy, the upgrades Lane for $118,500. Realthroughout Sunriver includtors hovered by computers ing the revived Village at to send and receive emails. Sunriver and the incredible Jump to 2007 and the SHARC, higher values are waning of the mid-decade in our future. real estate run. People were But this column is going back lining up outside Best to look in the rear view mir- John Gibson Buy to pick up a device ror to see where Sunriver home values have traveled over the last called an iPhone. Three big statistics to 15 years. Maybe this will help us derive mention – first, everyone remembers this being a busy time but only 143 what the future holds. Ah yes, 1997: a real young LeAnn homes sold. Of those, 14 closed above Rimes singing “How Do I Live,” $1,000,000 topped by the 8-bedroom Monday nights with Ally McBeal and home at 5 Bittern Lane for $1,550,000. the move of the Sunriver Preparatory We haven’t seen 14 multi-million-dollar sales in the five years since. Academy to Bend. Lastly, the square footage average In 1997, 230 homes sold at a median price of $211,000. The highest-priced was 2,238, a 12 percent increase over sale was the Steve Madsen-designed the previous 10 years, much like many 3,700-square-foot home facing the river of our waistlines. The median price at 19 Siskin Lane for $625,000. The most of the homes sold was an astounding affordable, a 2-bedroom residence owned $548,547. Realtors were now emailing by longtime resident Elizabeth Osgood digital pictures of properties from smart at 7 Fox Lane, closed at $98,500. The phones. 2012 was a recovery year with 144 average square footage of all the homes was 1,996. Realtors used fax machines to homes closing at a median price of $381,259, a trend that has continued send and receive paperwork. Flash forward five years to 2002, and through mid-May of this year. However, folks were seen walking around with this the big story for 2012 was the increase in sales in the areas around SHARC and the new thingy called an iPod. Prices of the 193 sold homes were lower inventories of properties available. So, compared with investing in the at a $325,000 median, a nice increase
stock market, how has Sunriver stacked up over the last 15 years? First, the median price from 1997 to 2012 is up 81 percent. What if you owned the 30 stocks that make up the Dow Jones Industrial Average? At the end of 1997, the average closed at 7908. 15 years later, it closed at 13,090, an increase of 66 percent. Not bad. How will we fare in the next few years?
Remember that the market is always evolving and your real estate professional will be there to help guide you. However, we haven’t seen a fax machine in months and likely will handle your next transaction using an iPad or tablet with all signatures electronic. John Gibson is Principal Broker with Gibson Realty Inc. 541-593-5000, email: JohnGibsonPC@aol.com
Events at the Sunriver Area Public Library Write Now: June 8, 1-2 p.m. Play with words. Do you enjoy creative writing but dislike how the process is oftentimes a solitary activity? Write Now is a library program where attendees will be able to brainstorm, play word games, and enjoy the written word in a casual setting. Perhaps you will be able to get a great idea for that next short story or poem you have been meaning to write. Family Fun Storytime: June 11, 18, 25, 10:30 a.m. Ages 0-5 with adult. A fun and interactive storytime with stories, songs, rhymes and crafts aimed at getting your child ready to read. Digital Downloads Open Lab: June 14, 11 a.m. - 12:30 p.m. Get answers about eBooks, eReaders, music and more! Registration recommended. Teen Game Day: June 25, 1 p.m. Get in from the heat. Play Wii games, Guitar Hero, card and board games.
Dig Into Dinosaurs: June 27, 3 p.m. Did you know there were underwater dinosaurs in Central Oregon millions of years ago? Staff from the High Desert Museum will talk about these giant and mysterious monsters of the sea, plus bring skull and fossil casts from their upcoming exhibit, and a live lizard and bird for evolutionary comparison. Recommended for age 3 up, with adult. Summer Reading Program starts June 15. Visit your local library to sign up. Information: 541-312-1086.
Block Party LEGO® Universe at Your Library: June 18, 2 p.m. Read! Build! Play! Start with a little inspiration, and then build away. The sky is the limit. This is a drop in program, and kids are welcome to arrive at any time. This program is best for ages 6 and up.
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