Posts with tag 'bend real estate trends'
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11
Bend Premier Real Estate | May 2023 Newsletter
What's in the May 2023 Bend Premier Newsletter?
- Bend Home Sales Take a Downward Turn
- Rancher Butcher Chef
- Downsizing for the Win?
- 6 Books to Change Your Real Estate Perspective
- Reasons to Sell Your House in Today's Market
4
Bend Oregon Real Estate | April 2023 Trends
Bend Home Sales Take a Downward Turn
The Bend real estate market has been on a roller coaster over the past few years. The Covid-19 pandemic triggered a massive boom in Bend single family home sales, resulting in multiple offers, dramatic price increases, and limited inventory. However, since the peak in home prices the summer of 2022, home prices and home sales have dropped, inventory levels, days on market and interest rates have risen while new homes hitting the market are significantly down. Many Bend homebuyers cannot find property that meets their needs. While more homes are on the market, the numbers are still not at balanced levels with less than 2 months of inventory. If we throw into the mix the shifting mortgage interest rat...
13
Bend Premier Real Estate | April 2023 Newsletter
What's in the April 2023 Bend Premier Newsletter?
- Bend Market Trends - March 2023
- Sparkling Strawberry Mint Limeaid
- Staging Tips for Spring
- 6 Questions to Ask Your Agent Before Buying
a Home - The Key Advantage of Investing in a Home
12
Bend Oregon Real Estate | March 2023 Trends
Bend Home Sales Down
We have been following the data and our transitional Bend real estate market is definitely showing downward trends in many categories. The rapid rise in prices and demand we saw during the covid pandemic were unsustainable and now we are seeing adjustments in home sales, days on market and home prices. The shock of higher mortgage interest rates is mostly over and home buyers are back in the market. And sellers are more realistic with home prices and willing to negotiate terms.
When Bend single family home sales on less than an acre are compared year over year, the following changes can be seen:
- Average sales price down 7.7% to $801,839*
- Median sales price down 12.3% to $680,000
- Average list price up 5.5% to $970,512
- Median list price up 4.7% to $784,950
- New listings down 27% to 195
- Homes for sale up 21.9% to 217
- Pending sales down 26.5%...
9
Bend Premier Real Estate | March 2023 Newsletter
What's in the Bend Premier March Newsletter?
- Bend Home Prices Coming Down
- Mini Pizza in a Mug
- 8 Easy Steps to Prepare Your Home for Spring
- 2 Things Sellers Need to Know This Spring
- Where Will You Go After You Sell?