Posts with tag 'bend real estate'
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Bend Oregon Real Estate | How High Can We Go?
Bend Real Estate Prices Continue Upward Trajectory
Bend residents who have lived in Central Oregon over the past decade have seen extreme changes in the real estate market. Bend single family home prices escalated during the boom years of 2005-2007 and crashed during the great recession of 2008-2011; the low point for Bend Or real estate was in the winter of 2011. Since this time, Bend housing prices have steadily climbed with roughly 10% gain each year as the market recovered. Today, the prices for Bend homes for sale are back to pre-recession levels with the average asking price for a Bend single family home at $682,000 and the average sold price at $467,000; these figures are 30.9% and 17.6% over the same quarter 2006.*
As prices cont...
19
Bend Real Estate | Are You Seeing Signs of Spring?
Is it Now Time to List Your Bend Oregon Home?
After the long, hard winter we experienced in Bend, Oregon this past year, some small signs of spring are at last emerging. We saw these crocuses today breaking through the soil and brightening our dormant yard with their beautiful color. These signs of spring, along with our longer days, make us realize that winter may finally be over; for sellers who were waiting for better weather prior to listing their homes - now is the time!
According to data from Central Oregon MLS, there are less than 2 months supply of single family residential homes in Bend based on pended properties; this includes all homes at all price points. If the $1,000,000 plus properties are taken out of the data, there are under 1.8 months supply. We have buyers looking for homes, and very little for them to purchase. Don't wait for summer to list. Call your favorite
21
Bend Oregon Real Estate | January 2017 Trends
Bend Home Sales Continue to be Strong
It is with great interest that we reviewed Bend real estate data from January, 2017. This past January has seen some of the most snow on record for Bend, with many school days canceled, roof ice dams common and streets piled with snow which made showing property very difficult. Despite these problems, January 2017 single family residential home sales in Bend under 1 acre remained strong with 4.2% more properties in pending status in January 2017 than were during January 2016. Inventory levels were 19.1% less and 19.8% fewer properties closed, but of the properties available, more entered into contract during our difficult winter weather in 2017 than did in our more temperate weather January 2016.
Bend Home Prices Are Up
Home prices continue to climb with the average price per square foot of January Bend home sales up 4% to $207 per sq...
1
Bend Oregon Real Estate | 2016 Lot Sales
Bend Oregon 2016 Lot Sales Data Show Varied Message
Custom lot sales remain steady in Bend. When lots sold in Bend during 2016 are compared with 2015, the average active asking price is up 5% to $252,000 on all lots an acre or less and the average sold price is up 11.7% to $219,000. The lack of inventory does not appear to be an issue, as there were 6.8% more lots made available for sale in 2016 than in 2015, but 9.7% fewer sold and 14% fewer were pending at the end of 2016 than at the end of 2015. *
Bend Lots Inventory
There does not appear to be a lack of available custom lots in Bend right now. Multiple Listing Service data for 2016 show there were 15.2 months of inventory based on closed sales, which is an increase of 18.7% over 2015.* What appears to be an issue, however, is affordability. Most developed lots in Bend are owned by a handful...
24
Bend Oregon Real Estate | 2016 Residential Statistics
Bend Real Estate Sales Show Growth
2016 was a year of continued real estate growth in Bend. When 2015 data is compared with 2016, the average sales price of a Bend single family home was up 12.5% with the average sold price up 9.3%. There were 3.4% more homes sold in 2016 than in 2015 with 6.9% fewer properties available for sale. This has aggravated our lack of inventory and continues to push prices up. The average single family Bend home sold for $386,000 in 2015 and in 2016 it sold for $422,000.*
Lack of Bend Housing Inventory Remains an Issue
In late 2015, the expansion of Bend's urban growth boundary was finally approved. This need for additional development land has existed for over 10 years and finally the city was granted permission to increase Bend's size - but not by the 10,000 acres requested in 2006, but rather by less than 3...