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Posts with tag 'bend homes'

Bend Premier Real Estate Blog

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February
21

Bend Home Sales Continue to be Strong

It is with great interest that we reviewed Bend real estate data from January, 2017. This past January has seen some of the most snow on record for Bend, with many school days canceled, roof ice dams common and streets piled with snow which made showing property very difficult. Despite these problems, January 2017 single family residential home sales in Bend under 1 acre remained strong with 4.2% more properties in pending status in January 2017 than were during January 2016. Inventory levels were 19.1% less and 19.8% fewer properties closed, but of the properties available, more entered into contract during our difficult winter weather in 2017 than did in our more temperate weather January 2016.

Bend Home Prices Are Up

Home prices continue to climb with the average price per square foot of January Bend home sales up 4% to $207 per sq...

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February
1

Bend Oregon 2016 Lot Sales Data Show Varied Message

Custom lot sales remain steady in Bend. When lots sold in Bend during 2016 are compared with 2015, the average active asking price is up 5% to $252,000 on all lots an acre or less and the average sold price is up 11.7% to $219,000. The lack of inventory does not appear to be an issue, as there were 6.8% more lots made available for sale in 2016 than in 2015, but 9.7% fewer sold and 14% fewer were pending at the end of 2016 than at the end of 2015. *

Bend Lots Inventory

There does not appear to be a lack of available custom lots in Bend right now. Multiple Listing Service data for 2016 show there were 15.2 months of inventory based on closed sales, which is an increase of 18.7% over 2015.* What appears to be an issue, however, is affordability. Most developed lots in Bend are owned by a handful...

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January
24

Bend Real Estate Sales Show Growth

2016 was a year of continued real estate growth in Bend. When 2015 data is compared with 2016, the average sales price of a Bend single family home was up 12.5% with the average sold price up 9.3%.  There were 3.4% more homes sold in 2016 than in 2015 with 6.9% fewer properties available for sale. This has aggravated our lack of inventory and continues to push prices up. The average single family Bend home sold for $386,000 in 2015 and in 2016 it sold for $422,000.*

Lack of Bend Housing Inventory Remains an Issue

In late 2015, the expansion of Bend's urban growth boundary was finally approved. This need for additional development land has existed for over 10 years and finally the city was granted permission to increase Bend's size - but not by the 10,000 acres requested in 2006, but rather by less than 3...

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January
12

In light of the collapse of the Highland school gym roof last night, the concerns regarding snow load have really hit home. So what is snow load and what can a Bend homeowner do about it? According to AccuWeather, a cubic foot of dry snow weights about 6 to 8 pounds, while one cubic foot of packed snow could weigh up to 20 pounds. The same volume of ice can weigh three times this amount.  Roofs are engineered to handle a certain amount of weight based on their pitch (inches the roof rises vertically for every 12 inches it extends horizontally). The steeper the pitch, the less likely snow will accumulate on the roof. Homes with low pitch or flat roofs are at increased risk to accumulate snow and collapse under the snow's weight. The average Bend residential roof is engineered to handle 25 pounds per square foot - which is typically about 20 inches of snow. Older homes, built before building codes were incorporated in Bend in the late 1960's may not meet this minimum standard. When w...

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January
9

Bend Oregon Homes -

This winter has seen more snow fall in Central Oregon than we have had for several years. Although beautiful, it can also be hazardous for driving and can create problems for Bend real estate. Among the most noticeable issue we have observed is a great number of icicles hanging from roofs. These are indicators of problems with your Bend home. Icicles form when snow accumulates on your roof and then melts. If your attic has insufficient insulation or improper ventilation so that your attic becomes warm, this will heat the roof and cause the snow to melt.  As it melts, the water flows towards gutters or the edge of the roof where it freezes again, forming icicles. Experts advise against knocking these icicles off, as this may break the gutter and can cause injury to the homeowner as chunks of ice can be very heavy and dangerous.

Icicles can also be an indic...

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