What's in the February 2021 Newsletter?

• Bend Real Estate Sales Hit Record Highs in January 2021!
• For an Easy Hike in the Desert Try Fort Rock Loop
• 3 Reasons We're Definitely Not in a Housing Bubble
• Wishing for Warm Sands, Cerveza and Tacos?

January 2021 Bend Real Estate Sales Continue 2020 Trends

If we were to use one phrase to summarize January 2021's Bend single family home sales on less than an acre, it would be "more of the same." The 2020 Bend home sale trends since getting over the initial shock of the Covid-19 pandemic have been monumental and the start in 2021 appears to be continuing the movement.

However, there is one "more of the same" comment that needs to be made when looking a sales trends. According to the Beacon Appraisal Group report, both Bend and Redmond have once again set new record high sales prices. For January 2021, Bend reached a new high median sales price of $577,500 while Redmond reached a high median sales price of $377,000. For Bend, this is $20,000 over the last record set in October of 2020, with gains once again blamed on extremely tight inventory levels.

When January of 2021 is compared with January 2020 for Bend single family home...

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Tara Cardot and Wally Drake Join Bend Premier Real Estate

Bend Premier Real Estate is pleased to announce that Tara Cardot and Wally Drake have both joined the brokerage as brokers.

Tara Cardot comes to Bend Premier Real Estate with over 7 years of experience in helping families buy and sell their home, beginning her career in Charlotte, NC. Tara's husband, who is also a Broker, is a Bend Native. They spent a decade traveling to and from Bend before calling it their permanent home in 2016. Drawn to the beautiful scenery, and endless outdoor activity Tara loves helping others make it their permanent home as well.

Wally Drake has been a real estate broker for over 30 years and have sold well over a thou...

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What's in the January 2021 Newsletter?

• Bend Real Estate Trends - 2020 Trends and 2021 Predictions

• Winter Hike to Chush Falls

• Why Not Wait Until Spring to Make a Move?

• A Bite...A Drink...And a Wonderful Fire

2020 Had Unexpected Results for Bend Real Estate Sales

Who would have thought when 2020 began that we would be hit with a world wide pandemic, recession, work from home orders, and a Bend real estate market that was unprecedented in its volume of sales, increase in home prices and lack of inventory.

When 2020 is compared with 2019, the following reflects the sales of Bend Oregon single family homes on less than an acre:

• Average home price up 15% to $611,764*
• Median home price up 11.6% to $502,000
• New listings down 3% to 2623
• Number of homes for sale down 32% to 552
• Pending sales up 21.2% to 2838
• Sold homes up 10.9% to 2596
• Median days on market down 52.2% to 11
• Months of supply down 35.7% to 2.7 
• Average price per square foot up 10.2% to $291
• Median price per square foot up 10.3% to $268
• Average percentage of list price received up 1% to 99.9%

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