Bend Oregon Luxury Home Sales Growing

The trends are showing that the number of luxury homes in Bend are growing with strong figures in almost all categories. Since coming out of the recession, home prices in Bend have gained each year, but now more of the Bend real estate market is reflected in the million dollar or more price point than ever before.

The last 12 months reflect 35.8% more million dollar single family homes were sold in Bend than the year before, which was up 41.8% over sales in 2016. At the same time, new listings were up 25.7% in 2017 (171) and 54.4% in 2018 (264).*

In contrast to the added growth in sales in the million dollar plus Bend home, the months of inventory are dropping, reflecting that the homes which h...

Click Here to Read More...

Bend Real Estate In Spring Selling Season

The April figures are out and the spring selling season has hit! Buyers are offering on the existing inventory and multiple offers on well priced homes are the norm rather than the exception. The trends are also showing a strong market for Bend homes for sale and home sales continue to rise.

The figures for April 2018 on Bend single family homes on less than an acre compared with April 2017 are as follows:

• Homes for sale up 7.7% to 459
• Homes sold up 3.9% to 554
• Homes pending up 4.5% to 672
• The average price per square foot for sold homes up 8.2% to $238
• The average active price is down 4.7% to $650,000
• The average sold price is up 6.5% to $494,000
• The months of inventory based on closed sales is up 26.3% to 2.4*

Some o...

Click Here to Read More...

Bend Or Real Estate Sales Remain Strong

We sound like a broken record, but the trends for Bend single family home sales continue their upward tract.  When 1st quarter 2018 statistics are compared with 1st quarter 2017, the following data is seen:

• Homes for sale up 23.3% to 444
• Homes sold up 14% to 506
• Homes pended up 6.7% to 620
• Average price per square foot up 9.5% to $235.75
• Average days on market down 8.5% to 118
• Average active price up 2.2% tp $646,00
• Average sold price up 10.8% to $484,000
• Months of inventory based on closed sales up 8.6% to 2.5*

Bend Continues Strong Sellers' Market

Part of the increase in sales during 1st quarter 2018 compared with 1st quarter 2017 has to be attributed to our relatively mild winter. We cannot forget the record breaking snow fall we had last winter, and when that is factored in, the increase in inventory and sales can at le...

Click Here to Read More...

Bend New Construction 5 Year Trend

For the past few years, we have been reporting that Bend home prices have been rising. From almost no new construction during the great recession to now where it appears that new homes are being built all over town, Bend has recovered from the downturn. New home trends in Bend have gone from $430,000 to $591,000 asking price (up 37.5%) and $315,000 to $522,000 selling price (up 65.7%) over the past 5 years.*  Ask any builder and they will tell you that land prices, rising material costs and labor shortages have driven the price of Bend new homes.

Click Here to Read More...

Bend Oregon Home Sales Stay Strong

Over the last few years, we have reported that single-family residential home sales in Bend have stayed strong and prices keep rising. February 2018 has been no exception to this trend. Home prices continue to rise and lack of inventory remains a serious issue. In addition, the relative lack of snow in 2018 has kept sales and new listings growing when compared with the record breaking snowfall experienced in 2017. The following data is for single family homes in Bend on land under an acre reflecting February 2017 and February 2018:

• Homes for sale up 24.4% to 540
• Homes sold up 31.4% to 201
• Homes pended up 18.1% to 228
• Average price per square foot up 7.2% to $237,000
• Average days on market down 8.5% to 118

Click Here to Read More...