Posts in category 'Bend Oregon Real Estate Trends'

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...

Click Here to Read More...

Central Oregon Real Estate Sales Feeling Impact of Covid-19 Pandemic

The March 2020 real estate trends have been published and they reflect both the start of the Covid-19 pandemic and the closings from strong February home sales. Central Oregon schools shut down Friday, March 13th and stay at home became the norm the following week.  Since the start of the pandemic, home sales have dropped, new listings have slowed, and more sale fails than normal have occurred, often due to buyers losing jobs and no longer qualifying for loans.  However, Central Oregon real estate sales are still happening, although at a different rate than normal for this time of year.

Bend Home Sales Mixed

When March of 2020 is compared with March of 2019 for the sales of Bend single family homes on less than an acre, the following can be noted:

• Numb...

Click Here to Read More...

Lack of Inventory Impacting Bend Real Estate

A mild winter and continued high demand has led to a boom for February 2020 home sales in Bend. When the February 2020 sales of Bend single family homes on less than an acre are compared with February 2019, the following changes can be noted:

• Homes for sale down 36.7% to 252*
• Homes sold up 17.6% to 127
• Homes pended up 51% to 219
• Average price per square foot up 7.3% to $265
• Average days on market up 10.1% to 131
• Sold/Original listing price difference percentage unchanged
• Average active price up 13.2% to $771,000
• Average sold price up 11.7% to $564,000
• Months of inventory  down 46.1% to 2

Bend Home Sales Not Following Normal Trends

Winter is typically a slower time fo...

Click Here to Read More...

Bend Home Sales Surging

The Bend real estate market has been strong since coming out of the recession.  However, the figures from January 2019 were beyond expectations with the number of new ratified sales contracts hitting new highs.

When January 2019 is compared with January 2018, the following trends can be noted for Bend single family residences on less than an acre of land:

• Homes for sale were down 29.6% to 269*
• Homes sold up 3.1% to 131
• Homes pended up 24.6% to 177
• The average price per square foot on sold home was up 6.1% to $259
• The days on market were up 1.6% to 130
• The sold/original listing price difference was up 1.1% to 96%
• The average active price was up 5.8% to $752,000
• The average sold price was up 6.7% to $525,000
• The months of inventory based on closed sales was down...

Click Here to Read More...

Bend Home Sales 2019 Show More of the Same

As we move from 2019 to 2020, it is always good to look back and see how the sales from one year may affect the next. For Bend Real Estate in 2019, the trends provided more of the same with lack of inventory impacting home prices, days on market and closed sales.

When the 2018 figures from Bend single family homes sales on less than an acre are compared with those from 2019, the following can be seen:

• The numbers of homes offered for sale were down 17.2% from 396 to 328 at the end of the year
• The numbers of homes sold were down 4.2% from 2452 to 2352
• The number of homes pended were down .8% from 2417 to 2397
• The average days on market were unchanged at 103
• The sold/original listing price difference was down 1% from 97% to 96%
• The average price per square foot was up 6.5% fr...

Click Here to Read More...