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About The nugget. (Sisters, Or.) 1994-current | View Entire Issue (March 25, 2015)
Wednesday, March 25, 2015 The Nugget Newspaper, Sisters, Oregon REAL ESTATE: Market is stable and strengthening Continued from page 13 children the kind of childhood experiences they enjoyed. Most buyers are primary- home-buyers looking to be in Sisters full-time. “They come from all over, but the majority are Oregonians — with a sur- prising number coming from Bend,” said Kinnaman. Arends echoed that obser- vation. He recently sold a home to a young couple from Bend. The man works remotely and can live any- where. The family chose to move up the road to Sisters for the small-town environ- ment to raise a family, and the cultural amenities Sisters offers. The buyer told Arends that many people in Bend are looking to do the same. “They want to be here because (Sisters is) ‘happen- ing,’” Arends said. “If they’re in a position where they can get here and can afford to be here, they want to be here. When he made that statement about people in Bend wanting to move to Sisters, I thought E s t a t e that was nice to hear.” Affordability for such younger buyers can be a hurdle. “We do have a shortage of homes priced for families in the Sisters School District,” Kinnaman said. “But for the first time in 20 years, the average selling price during the last two years is cheaper in Sisters than in Bend. Our community has so much to offer with respect to quality of life, excellent schools and our active outdoor lifestyles that are so appealing for rais- ing a family.” The schools and the real estate market have a symbi- otic relationship. The schools need young families to move into town to stabilize and increase enrollment and thus receive more state fund- ing. The real estate market depends upon the quality of the schools as a selling point, not just for families with kids but as an indicator of the health of the community at large. Housing that is attrac- tive for first-time buyers sells briskly. Jones notes that Hayden Homes has sold 41 houses in the $210,000- $275,000 range. “There’s obviously a S p e c i a l demand for that lower price- point in this area,” he said. But affordability of hous- ing is only part of the issue. There’s another major part of the equation, as Storton notes: “Who are they and where are they employed?” he asks. “I keep thinking about the employment part of this.” Arends thinks about that, too. He reckons that entre- preneurs and those who can work remotely find an easier time of it. “The limitations we have are just the lack of job oppor- tunities,” he said. “People have to bring their own bread to the table, so to speak.” Dyer concurs. “Buyers with established R e p o r t jobs and income, relocat- ing from other markets, will continue moving to Sisters Country for the wonderful benefits of this small commu- nity and its unique education environment,” he said. Steve McGhehey o f C a s c a d e S o t h e b y ’s International Realty is see- ing increased interest in both commercial and residential property. “I see investors coming back into the market who weren’t there in the past three years,” said. He cited a “townhouse project that I put together that I wouldn’t have been able to do a year ago.” He also recently sold a three-acre parcel that will house a storage facility. McGhehey reports that he regularly receives inquiries from businesses interested in 2,000 to 3,000 square feet of light-industrial space. “The need is there,” he said. “We’re not meeting it very well. We’re really short of industrial land right now.” McGhehey sees the inter- est in commercial projects continuing at least through this year. As Sisters Country rolls into spring and summer, hammers are swinging on new construction and more listings are coming on the market, indicating that the Sisters real estate market will continue to get stronger through 2015. istoCkphoto.Com/marCopolo9442 R e a l 19 Realtor Spotlight Your investment is my #1 priority! Patty Cordoni Serving mortgage customers at the highest possible level... Cort Horner Broker, Rural & Residential Sr. Mortgage Specialist Cell: 541-771-0931 patty.cordoni@ sothebysrealty.com 541-719-1322 Cell: 541-771-2634 www.CortHorner.com Thank you, 2014 clients! Patty comes from a corporate hi-tech background and strives to stay on the leading edge of technology in her Real Estate business. She has contributed and volunteered in the Sisters community as past-president of the Sisters Area Chamber of Commerce, economic development manager, and Sisters Rodeo Association. Patty has served the Sisters Real Estate community for 11 years, representing buyers and sellers in successful transactions within Deschutes, Crook, and Jefferson counties. Whether by text, email, or phone, Patty is always easy to reach and quick to respond. If you are buying, selling, or just looking for helpful and professional advice, contact Patty any time for your complete Real Estate resource. “If you are looking for a professional representative that uses every tool available to meet your goals, look no further” — Frank Jacobsen, Client Welcnme tn Sisters! Whether ynu’re lnnking tn relncate, find that perfect vacatinn hnme, nr an investment prnperty in nne nf the few markets in the cnuntry that is appreciating in value, we lnnk fnrward tn helping ynu find the perfect lnan prnduct tn fit ynur needs. Directnrs Mnrtgage is passinnate abnut help- ing ynu becnme a part nf nur cnmmunity by find- ing ynu the “perfect fit” lnan prnduct fnr ynur individual situatinn. We strive tn assure ynu a trnuble-free prncess — after all, we’re nnt just gning tn see ynu in nur nffice, we’ll prnbably see ynu at schnnl events, church, skiing nn the mnuntain, casting a fly, hiking Black Butte… just abnut anywhere! Stnp by the Directnrs Mnrtgage nffice in Sisters at 220 S. Pine St., give me a call at 541- 719-1322, nr visit www.corthorner.com fnr mnre infnrmatinn – I lnnk fnrward tn meeting ynu! The team leading you to your legacy... Legacy Realty LLC is a Real Estate firm proud to distinguish itself from the ordinary. They are a team that successfully differentiates for each client, uniting them with their legacy. They take pride in their wide range of experience, excep- tional communication, and superior service. Together, they will represent you throughout this important journey, giving you the confidence that you have a powerful entity behind you. Legacy Realty looks forward to showing you the edge in marketing and buyer representation. They are thrilled for the future and what they will be bringing to the Sisters market. Tracie McDonald, 541-480-9090 Cary Kiefer, 541-306-8391 Amanda McNerney, 541-771-5606 Chamese Christianson, 541-279-9879 Office: 541-549-1099