Posts with tag 'bend real estate'

Bend Luxury Homes are Selling!

Ever since coming out from the housing recession, the value of Bend single family homes on less than an acre has increased. From an average sales price of $230,000 in spring of 2011, Bend home values have gone up to exceed $547,000 June 2020.  During the same time, the months of inventory have dropped from 13.3 months to less than 2 and the price per square foot has risen from $113 to $268. From a low of two $1,000,000 plus Bend homes on less than an acre selling in all of 2010, June 2020 alone saw 23 sold.*

Bend Premier Real Estate brokers are currently working with many million dollar buyers, and people calling the office or registering on the company website are frequently searching for high end listings. Despite the Covid-19 pandemic (or perhaps because of it), the demand for Bend real estate with a home office, a backyard or some acreage, and some space in the home has increased. We are seeing multi-million dollar homes sellin...

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Lack of Inventory Impacting Bend Real Estate Sales

The June 2020 MLS figures have been published and it is clear that a lack of inventory is greatly impacting Bend home sales. Ever since coming out of the great recession, we have been in a seller's market with less than six months supply of homes.  However, despite the Covid-19 pandemic (or perhaps because of it), we are seeing many home buyers actively searching for Bend homes and now have less than 1.5 months supply. For Bend properties priced less than $400,000, our brokerage has been involved in several multiple offers - some as high as nine offers on the same home. This is creating a sense of desperation for some looking for a Bend home this summer.

When June 2020 is compared with June 2019, Bend single family home sales on less than an acre reflect these changes:

• Average sales price is up 15.5% to $603,020*
• Median sales price is up 4% to $463,000
• Original average list price up 10.7% to $640,247
• Original median list price up 12.9% to $525,000
• New listings down 19.1% to 246
• Homes for sale down 66.7% to 329
• Pending sales up 116.5% to 511
• Homes sold down 3% to 229
• Months of supply down 71.2% to 1.5
• Average price per square foot up 7.5% to $238
• Median price per square foot up 5.6% to $262
• Dollar volume of closed sales up 12.1% to $138,091,640

Does the Urban Flight to Rural Areas Matter to Bend OR Real Estate?

We have been reporting how the Covid-19 pandemic appears to be encouraging city dwellers to rethink living in an urban area and instead, consider relocating to the suburbs or even a more rural location where a home office and a yard can positively impact a "stay at home" situation. In discussing this with our Bend Premier Real Estate Brokers, we are hearing that many of the buyers they are working with have this thought process and believe that Bend Oregon may be the perfect place for them to experience a new lifestyle. The urban flight is impacting home buyers in Bend. We have very little inventory and great demand. Now is a perfect time to list Bend homes.

* Data from Multiple Listing Service of Central Oregon

Bend Premier Real Estate is pleased to announce Ashley Mahana, Scott Robinson and Shaun Cardot have joined the brokerage as Brokers working in Central Oregon.  Each broker brings a unique background and approach to their work as real estate professionals, but all will do a great job in working with their clients.

Scott joins Bend Premier from the teaching profession. Scott is a geologist and avid biker, interested in local politics and transportation issues and bring his background in education to help empower his clients with knowledge as they make their real estate decisions.

Ashley recently moved to Bend from the Seattle Metro area where she has been a licensed real estate agent for the past 6 years.  Ashley has a background in the military and customer service and believes that problem solving is among her best attributes in working with her clients - that and a belief that her clients' needs must always come first.

Born and raised in Bend, Shaun brings a wealth of knowledge of Bend's past and present, knowing the neighborhoods intimately having grown up in the community. He was licensed in Bend for several years before moving to North Carolina where his wife was a licensed agent. Coming home to Bend means Shaun can work again in a town he really knows and enjoys.

Bend Premier Brokers and Staff Volunteer

Over the weekend, Bend Premier got to be the first volunteer group to be a part of "Keeping Bend Beautiful" following the initial shut down due to COVID-19. This volunteer program allows various clubs, individuals, and associations the opportunity to adopt a stretch of road or plot of land and improve the appearance by picking up litter, weeding and sometimes planting new plants! 

Bend Premier worked on picking up trash along 14th street on the Westside of Bend on Saturday and it was a wonderful experience. Not only did the team clean up all the trash found along the side of the road, but they also had a great time doing it. The volunteers agreed that they can't wait for the next opportunity to do their part in Keeping Bend Beautiful! 

If you or a group you know wants to get more information on this program and how you can take part, follow this link HERE to direct you to the City of Bend webpage. 

Bend Real Estate Sales Down in April

The first full month of the Covid-19 pandemic impacted Bend single family homes with sales significantly down over the same month in 2019. Some buyers lost jobs which in turn kept them from qualifying for their mortgage. In other cases, sellers took their homes off the market not feeling confident to sell during the stay at home orders. Other buyers delayed their trips to Bend and canceled appointments to view homes. While Bend home sales still are occurring, it is different than it was before Covid-19.

When April 2020 Bend single family home sales are compared with April 2019, the following differences can be noted:

• Homes available for sale down 16% from 971 to 811*
• New active listings during the month down 35% from 364 to 236
• Pending home sales down 41% from 296 to 172
• Homes closed down 6% from 2...

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