Posts with tag 'bend real estate trends'

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...

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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...

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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...

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A Surprising Number of New Bend Home Sales in November

Traditionally as the weather cools and we move toward the end of the year, Bend home sales decrease. There are fewer buyers actively looking for homes in the winter and the holiday celebrations of most families impact real estate sales.

This year, however, there has been a large uptick in the number of Bend homes which went into contract during November.  When Bend single family home sales in November 2019 are compared with those from November 2018, the following changes can be noted:

• The number of homes for sale are down 10.5% to 408*
• The number of homes sold are down 1.8% to 167
• The number of homes pended are up 23.6% to 183
• The average price per square foot on sold homes is up 6.2% to $258
• The average days on market are down ....

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Bend Home Prices Still Going Up

Will the top of the market come anytime soon?  We are often asked that when we work with buyers. The Bend Oregon real estate market has been strong since coming out of the recession and prices have risen yearly since 2011.  2019 has followed the trend with Bend home prices up each month over the same time frame in 2018. Extremely low inventory persists and the demand for Bend homes remains high.

The real estate data on Bend Oregon single family home sales for October 2019 have been published and the following changes can be noted when compared with October 2018:

• Bend homes for sale down 5% to 480*
• Bend homes sold down 1.8% to 221
• Bend homes pended up 21.4% to 221
• Days on mark...

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