July 2009 Real Estate Market Snapshot for Tumalo, Oregon
By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
During July, Tumalo's real estate market was most notable for its decreases. First, the number of Active Residential with Acreage listings decreased (from 104 to 97). So did the median price for Active RW listings (down from $759,500 to $725,000). That continues a trend from June, when the median price dropped more than $100,000 (from $898,500 to $759,500), after hovering near $900,000 all year. Another key decrease was the number of Active million-dollar listings, which fell from 36 to 32. The most expensive listing also adjusted, from $3,900,000 to $3,750,000. And for the first time this year, a price point below $500,000 held the highest number of listings (the $350,000-$399,999 bracket and $550,000-$599,999 category tied with 10 listings). That's good news for buyers, who are beginn...
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