The first full month of the Covid-19 pandemic impacted Bend single family homes with sales significantly down over the same month in 2019. Some buyers lost jobs which in turn kept them from qualifying for their mortgage. In other cases, sellers took their homes off the market not feeling confident to sell during the stay at home orders. Other buyers delayed their trips to Bend and canceled appointments to view homes. While Bend home sales still are occurring, it is different than it was before Covid-19.
When April 2020 Bend single family home sales are compared with April 2019, the following differences can be noted:

In a recent survey by realtor.com, people thinking about selling their homes indicated they're generally willing to allow their agent and some potential buyers inside if done under the right conditions. They're less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process?
In today's rapidly changing market, it's more important than ever to make sure you have a digital game plan and an effective online marketing strategy when selling your house. One of the ways your agent can help...
The March 2020 real estate trends have been published and they reflect both the start of the Covid-19 pandemic and the closings from strong February home sales. Central Oregon schools shut down Friday, March 13th and stay at home became the norm the following week. Since the start of the pandemic, home sales have dropped, new listings have slowed, and more sale fails than normal have occurred, often due to buyers losing jobs and no longer qualifying for loans. However, Central Oregon real estate sales are still happening, although at a different rate than normal for this time of year.
When March of 2020 is compared with March of 2019 for the sales of Bend single family homes on less than an acre, the following can be noted:
Bend Premier Real Estate is fortunate to have Erik Chapin, one of our Premier Brokers who is also a licensed appraiser, as an expert on the appraisal business in Central Oregon. According to Erik, Covid-19 has had a dramatic impact on appraisals locally.
Erik typically operates with a lead time of 4 weeks to complete an appraisal. At this time in 2019, he averaged twelve appraisals a month. Last week over a three day period, he received ten appraisals on top of fifteen he already had. He is working six to seven days a week and is having a hard time keeping up. There are a number of reasons why there is such a backlog:
1) Low in...