I had a gentleman stop into the office a day or two ago, he had been cruising around The Village at Sunriver.  He had apparently stopped at a couple of different real estate offices, he had flyers, magazines and the like in his hand, he was just looking to see what Prudential NW Properties had that the others did not.  During our conversation he said the strangest thing, he said “it must be nice to work in an area that has not be affected by this real estate crunch.”

I was shocked, with the information I could see in his hand I knew he had talked to at least one or two other agents, I wondered what he had been told, so I asked.  It was tough to explain to him that he had not been give accurate information.  Although Sunriver may not have the higher ratio of bank owned homes or short sales the numbers are there and growing.  Pricing in Sunriver at the peak of the real estate boom was over $300 a square foot, today it is not uncommon to find your larger homes in the $180 a square foot range and smaller square footage is hovering in the $200 a square foot range.

There are currently 11 properties that are in either Short Sale status or Bank Owned(your list of bank owned and short sale homes in Sunriver) – let me know if one of these properties is of interest or if you would like to receive these in your email as they come on the market.

Thesa Chambers
Principal Broker, REALTOR®, ABR, CDPE
Prudential NW Properties Sunriver
541.771.7064 Call or Text Me
Email Thesa

Located in Village at Sunriver
Building 9 – PO Box 4306 – Sunriver, OR 97707

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The sun has finally made it’s appearance just as school is getting ready to let out for summer and Sunriver will be full of visitors and owners.  Although Sunriver has not been hit as hard with bank owned properties there are still a few to choose from.  These properties are great deals and are available at the time of this writing.

Click here for SUNRIVER Bank Owned Homes June 2010

2 of these properties are condos in the Abbot House Condo project, which is located right next to the Village at Sunriver.  The remaining 2 properties are both single family homes, that can be used as vactaion homes, vacation rentals or month to month rentals.

For more information or to receive your own personal list of properties in Sunriver or anywhere in Central Oregon please emai or call me.

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Sunriver Oregon has not seen the foreclosure rates that the rest of Central Oregon has.  There are some great deals to be found and there are a few foreclosures.  Most of the foreclosures in Sunriver today are in the Abbot House Condos. Many of the condos were purchased during a period of time when the Sunriver Mall was owned by Silverstar.  People felt that the concept of the mall would increase the value of these condos dramatically.  However, Silverstar fell and then these condos were just what they had always been.

The Abbot House Condos are a great place to spend time in Sunriver located right at the Mall makes them very convenient to the Mall, the South Pool and the Lodge.

5 Abbot House Condos – 4 bank owned – 1 shortsale

6 homes – 2 bank owned 4 short sales

Sunriver Short Sales and Bank Owned Properties

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It seems that I am getting a lot of email inquires regarding the Abbot House Condos.  There are a few of these units that are currently bank owned and a couple that are still in Short Sale status.  One of the questions that seems to be asked time and time again is why are there so many of these units in trouble or going back to the bank?

There is a fairly easy explanation, there is nothing wrong with these units, the units that are currently in short sale or have gone to bank owned seem to be associated with the previous owner of the Village Mall.  Apparently, either investors or speculators thought that if they purchased enough of these units they could incorporate this complex with the mall expansion.  When SilverStar sold the mall before even starting the project, the real estate market fell these owners were caught between a rock and a hard place.  They had purchased the units with the intention of having a great investment.

A couple of these units when the bank took possession were damaged by the company hired to “secure” the property.  There are at least 2 units that have water damage, although they may be repaired by the bank which currently owns them, please be careful if you view these units.  Water damaged units can have weak floors, and mold.

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If you have been looking for a great deal in Sunriver, now is the time.  The snow has started to fall, Christmas is in the air, and Sunriver is seeing an uptick in buyers.  There are a few bank owned homes and a few short sales scattered through out the price ranges in Sunriver.

As a Certified Distressed Property Expert (CDPE) I have the education to help get your short sale or bank owned property closed quicker than you might expect.  Click Here for YOUR SUNRIVER BANK OWNED (Foreclosure) AND SHORT SALE LIST.

Did you miss out on the Caldera Springs Land Rush?  Now is the prefect time to re-visit the newest resort, there are several lots that are currently in short sale and bank owned status.  For YOUR CALDERA SPRINGS BANK OWNED (Foreclosure)  AND SHORT SALE LIST – click here.

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