Limited July Sales, More Inventory and Strong Pricing for the Homes That Sold
July’s numbers provide an interesting look at the Caldera Springs real estate market. With only four closed sales during the month, it’s important not to draw too many conclusions from any single statistic. With a median 73.5 days on market, homes are selling very close to their final asking price gives us a useful picture of the market.
Median Sale Price: $1,742,500
The median sale price for July was $1,742,500. With only four transactions, the particular mix of homes sold can have a significant effect on this number, especially in a community where individual properties can vary considerably in size, location, amenities and features.
Median Price Per Square Foot: $595
July’s four sales produced a median price of $595 per square foot. As with median sales price, this number is useful for tracking trends over time, but individual Caldera Springs homes can vary considerably from the neighborhood median.
4 Homes Sold | $7,885,000 in Sales Volume
Four homes closed during July, generating $7,885,000 in total sales volume.
Interestingly, those purchases were evenly divided between 2 cash sales and 2 financed sales.
Pricing Tells an Interesting Story
One of the numbers that stands out this month is the relationship between asking price and eventual sale price.
Homes sold for a median 96.94% of their original list price, but 99.71% of their list price at the time of sale.
That difference suggests pricing adjustments may have played a role in getting some properties sold. Once those homes reached a price that attracted a buyer, however, the eventual negotiations resulted in sale prices remarkably close to the asking price at that time.
For sellers, that reinforces the importance of responding to the market rather than simply focusing on the original asking price.
Days on Market & Inventory
Caldera Springs ended July with 28 active listings, the homes that sold had a median 73.5 days on market.
While the longer market time suggests sellers may need some patience. But the 99.71% final list-price-to-sale-price figure shows that buyers aren't necessarily looking for deep discounts once a home is positioned correctly.
What It Means
Caldera Springs is a good example of why neighborhood-level statistics can tell a different story than broader Central Oregon numbers.
On one hand, 73.5 median days on market suggest a market offering buyers plenty of choice and time to make decisions.
On the other, the homes that actually sold closed at nearly 100% of their final asking price.
That makes pricing particularly important. Buyers appear willing to pay for the right Caldera Springs property, but with 28 listings available at month’s end, they also have alternatives.
Bottom Line: Caldera Springs had a relatively small number of sales in July, so one month doesn’t define the market. Still, the numbers suggest buyers have choices and sellers may need patience. Homes that find the right price, however, can still sell very close to asking.
If you own a home in Caldera Springs or are considering buying there, I’d be happy to help you look beyond the neighborhood averages and see what’s happening with the properties most comparable to yours.
