Posts with tag 'bend oregon real estate'

Bend Oregon Home Sales Show Mixed Trends

We have noted for the last few months that residential home sales trends in Bend have been changing.  The figures for October, 2018 reflect this change in a manner that we have not seen for some time.  While prices continue to rise, sales have dropped off significantly. The following data compares Bend single family home sales in October 2018 with those from October 2017:

• Homes for sale down 12.9% to 505
• Homes sold down 5.2% to 221
• Homes pended down 16.1% to 188
• Average price per square foot up 7.7% to $252
• Average days on market down 1% to 104
• Sold/Original listing price differential down 2.1% to 95%
• Average active price up .9% to $641,000
• Average sold price up 9.3% to $516,000
• Median sold price up 6.5% to $433,000
• Months of inventory based on closed sales down 8% to 2.3*

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Welcome Back Rachel!

Bend Premier Real Estate is thrilled to welcome Rachel Greenwald Rhoads back to the brokerage. Rachel has spent the last two years working in commercial real estate and brings this expertise back to Bend Premier.

Rachel began her career as a residential real estate agent and had great success with residential sales for 6 years. It was while working in residential that she determined she needed the added experience with commercial real estate to best represent her clients in all their real estate needs.  Her tenacity in finding the best property for her clients or in representing them in their sale is a trait that makes Rachel a phenomenal real estate Broker. You can read more about Rachel in the Bend Premier Company page.

The Bend Commercial Real Estate Market Shows Limited Inventory

The latest census predicts that the population of Bend will be 130,000 by 2030. With just under 95,000 people currently residing in the city limits, and just 2,380 acres recently added to the Urban Growth Boundary (UGB), new density philosophies will certainly be needed to accommodate this growth.

Bend Planners have identified a handful of "Opportunity Areas" throughout the city.  Several of these, The Old Mill Korpine property, the east Greenwood District and the Bend Central District (BCD) are currently being considered by the city to become urban renewal areas, and promise to drastically alter the face of this once sleepy logging town.

The BCD is gaining the most traction. Brooks Resources recently purchased 1.76 acres between Franklin and Emerson, the former Murray and Holt Auto dealership, with the hopes of jumpstarting the BCD's urban renewal process. Some concepts have been considered a...

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Bend Or Single Family Home Sales Are Slowing

We wrote a blog a few weeks ago in which we noted that it appeared that Bend Oregon single family home sales were slowing when compared with the year before. This blog, "Is the Central Oregon Real Estate Market Slowing Down?"  looked at inventory levels and showed that there was an uptick in the number of single family homes in Bend, Redmond and Sunriver for sale from the same 12 month period the year before.

The September statistics have now been published for Bend home sales and it appears that the slowing trend is continuing. When September 2018 Bend single family home sales on less than an acre are compared with September 2017, the following change can be seen:

• Homes for sale down 5.8% to 596

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Why Are People Moving to Bend - is it the Lifestyle or the Jobs ?

In an article published 10-1-18, thrillist.com has ranked the top 25 American cities for local economic growth. According to WalletHub, the financial advice site, they compared 515 cities of various population sizes using 15 key data points such as working-age population growth, job growth, poverty rate decrease, median housing price growth and building permit growth. According to this analysis, Bend Oregon ranks 4th in the country.

Does Poverty With a View Still Pertain to Bend?

We know Bend is booming, but having a strong economy contributes to a vibrant community such as what Bend has experienced since coming out of the recession. People moved here traditionally for the lifestyle - Bend was often called "poverty with a view" in the past for a reason. People could earn more money in other parts of the country, but moved here to enjoy the recreational opportunities and small town e...

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