Posts with tag 'bend real estate trends'

Bend Oregon Home Prices Up

The Bend real estate market continues to be impacted by a limited supply of inventory, rising prices and changing seasons. August 2019 was a strong month for Bend home sales and we believe the lack of summer forest fires may have impacted our market positively.

When August 2019 is compared with August 2018 for Bend single family residential sales on less than an acre, the following trends can be noted:

• Homes for sale down 5.5% to 585
• Homes sold down 5% to 248
• Homes pended up 4.1% to 229
• Average price per square foot up 4.3% to $266
• Average days on market down 4.4% to 86
• Sold/original listing price difference is 0
• Average active home price is up 2.9% to $681,000
• Average sold price is up 7.1% to $558,000
• Months of inventory is unchanged at 2.4*

Click Here to Read More...

Bend Home Prices Keep Rising

The July 2019 figures are out and Bend single family home prices continue to go up while closings are down.  However, homes in pending contracts have had a huge increase over the year before.  When July 2019 is compared with July 2018 for Bend single family homes on less than an acre, the following changes can be seen:

• Homes for sale down 6.1% to 604*
• Homes sold down 1.6% to 239
• Homes pended up 28.3% to 263
• The average price per square foot for sold homes up 4% to $261
• The average days on market down 5.3% to 90
• The sold/original listing price difference is unchanged at 98%
• The average active price is up 4.9% to $686,000
• The average sold price is up 9.2% to $544,000
• The months of inventory based on closed sales is down 3.8% to 2.5

Click Here to Read More...

What's in the BPRE July 2019 Newsletter?

• Residential Market Update - What's Going On?
• Central Oregon Events
• Commercial Market Update
• What Is a Seller's Market?
• Don't Pay For What You Don't Need

#flipbook-june-newsletter#

Bend Real Estate Market Showing Mixed Results

The June 2019 figures for Bend Oregon real estate trends have been published and the results are mixed. While June had a surge in new listings, the numbers were similar to the year before. And while we are entering our summer peak selling season, in some categories the trends point down.

When June 2019 is compared with June 2018 for Bend single family home sales on less than an acre, the following data are seen:

• Homes listed for sale down .3% from 607 to 605
• Homes sold down 10.9% to 266
• Homes pended down 4.5% to 233
• Average price per square foot up 4.8% to $261
• Average days on market down 5.6% to 89
• Sold to original price difference down 1% to 98%
• Average active price up 4.6% to $689,000
• Average sold price up .8% to $523,000
• Months of inventory based on closed sales up 13.1% to 2.6 months

Click Here to Read More...

Bend Luxury Homes Sales Growing

Bend's high end real estate market has been trending upward for several years. Almost unheard of less than 10 years ago, the sale of million dollar homes in Bend has become common and the construction of million dollar spec homes the norm in several Bend neighborhoods.

From July 2018 through June, 2019, 67 Bend homes priced between $1,000,000 and $1,299,999 have sold, a figure that is up 11.7% over the previous 12 months. For homes priced $1,300,000 to $1,599,999, 29 Bend homes have sold, up 11.5% over the same period a year before. Homes priced between $1,600,000 and $1,999,999, the figure is 13 homes, up 30% and for the very high end, the $2,000,000 or more price point, the figure is 7, which is up 75% over that same 12 month period.  This data pertains to Bend single family homes on less than an acre.

Click Here to Read More...