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.

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Bend Real Estate Sales Are Strong

Spring has arrived in Central Oregon and homes are selling! After a series of months in which Bend home sales had dropped while prices continued to rise, May 2019 has provided a 180 degree turn around. The number of Bend homes for sale jumped 34.8% and the number of homes sold rose 29.9% from April, 2019. After an unusual winter with late heavy snow, overcast skies and heavy rain in April, sellers decided at last that May, with the sun out and longer days, was a great time to list.  When May 2019 is compared with May 2018 for Bend single family homes on less than an acre, the following changes can be noted:

• Homes for sale are down 1.3% to 535
• Homes sold are up 2.2% to 230
• Homes pended are up 11.6% to 269
• The average price per square foot is up 9.6% to $263
• The average days on market are up 6.1% to 104
• The sold/original listing price difference i...

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June 2019 Spotlight on Local Business

Bend Premier Real Estate is thrilled to be named First Interstate Bank in Downtown Bend's featured local business for June 2019.  When visiting the bank at the corner of Greenwood and Wall Street, be sure to check out our display! And say hello to all the friendly people who work at First Interstate Bank.

Bend Premier Real Estate to be Title Sponsor Bite of Bend

For the second year in a row, Bend Premier Real Estate is the Title Sponsor for Bend's premier food festival - Bite of Bend. This 3 day festival is for all Bendites who love to eat! There will be Live Music during all 3 days, the Top Chef competition, the conscious living showcase, the beer run, the marketplace filled with food to sample, the little hopper root beer run for kids, the Bend family play zone and the mixology showcase which features the Bartender's Brawl. There will be something for everyone at the Bite!  Last year over 25,000 people attended the festival and we anticipate even more this year.  While attending, stop by one or both of our booths located in the center of the event and talk with one of our Premier Brokers.  We will be taking names for drawings we will be doing for gift certifi...

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How High Can Bend Real Estate Prices Go?

The April 2019 sales figures for Bend single family homes on less than an acre are out and the results are dramatic. While new home sales surged in April, following a seasonal trend with 252 pending sales, the numbers of homes available and those closed in April are definitely down. And while prices continue to climb, the average days on market are also up. The following compared April 2018 with April 2019 for Bend single family homes on less than an acre:

• Homes for sale down 13.5% to 397
• Homes sold down 10.2% to 177
• Homes pended down .4% to 252
• Average active price up 6.8% to $694,000
• Average sold price up 12.4% to $552,000
• Average price per sq ft up 8.9% to $258
• Average days on market up 19% to 125
• Sold/original listing price difference percentage down 10.2% to 88
• Months of inventory based on closed sales...

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