Posts with tag 'bend real estate trends'
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11
Bend Premier Real Estate | April 2022 Newsletter
What's in the April 2022 Newsletter?
- Bend Oregon Real Estate - March 2022 Sales
- So You Think You Know Doughnuts
- 7 Smart Strategies for Kitchen Remodels
- 5 Tips to Improve Your Listing Photos
8
Bend Oregon Real Estate | March 2022 Trends
Bend Real Estate Sales Up Despite Rising Interest Rates
Mortgage interest rates for a 30 year conventional loan with 20% down have exceeded 5% for the first time in over a decade. Despite the decreased buying power this creates for many, especially first time homebuyers, the March 2022 pending sales of Bend single family homes on less than an acre are up an amazing 108% over the year before. Bend home prices are also up with the median sales price now at $775,000. Bend has become a town of the affluent and while affordability has been an issue for many years, it is now a level never before seen.
When March 2022 is compared with March 2021, the figures for Bend single family home sales on less than an acre are as follows:
- Average sales price up 12.7% to $867,475*
15
What's Up With Bend Luxury Homes?
Bend Luxury Real Estate Sales Breaking Records
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It is hard to believe, but ten years ago million dollar sales in Bend were rare and uncommon. Out of 1679 sales during the preceding 12 months that included February, 2012, only 9 were for more than one million dollars for Bend single family homes on less than an acre. This figure was .5% of total sales
The Bend real estate market has really changed! Out of the 2490 homes that sold during the preceding 12 months that included February, 2022, 433 closed for over $1,000,000, roughly 17% of total sales. And while many of these sales would be considered "luxury homes," some are properties that just a few years ago were normal middle-class homes; due to extreme demand with little inventory these properties have seen their value increase into t...
10
Bend Premier Real Estate | March 2022 Newsletter
What's in the March 2022 Newsletter?
- How High Can Bend Prices Go? 2022 Market Trends & Predictions
- Oregon Lifting Covid Mask Mandates
- The Best Time to Buy Things for Your Home
- Bend's Newest Italian Fare
- What's Driving High Buyer Demand?
9
Bend Oregon Real Estate | February 2022 Market Trends
How High Can Bend Home Prices Go?
It seems that every month we are breaking records with Bend single family home sales. Since coming out of the great recession, Bend has experienced high demand for available housing leading to an increase in home prices. But since the Covid-19 pandemic and the resulting "stay at home orders" and recognition that working from home can be a viable option for many Americans, the increase in the number of people wanting to move to Bend has risen beyond that ever seen before. The lack of property for sale has resulted in tremendous price increases, with the median price of a Bend single family home on less than an acre up 67% above what it was in February 2020 when the pandemic began. While builders have tried to keep up with the demand, the price increases in building materials and subcontractor...