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Any Bend broker can tell you that inventory levels for homes in Bend OR are at record lows. TrendVision™, as reported in COAR MLS on March 7, 2012, shows that the number of Bend Homes for Sale has had a … Continue reading
Here is the latest update for the Bend Oregon Real Estate market including newly listed Bend OR homes from September 1 through September 30. A total of 156 Bend Oregon homes for sale were recently listed with area Brokers. The average sales price of these newly listed Bend homes for sale is $326,725. The total inventory of Bend Oregon Homes is 1062 as of 10-10-11.
The types of homes and average prices for sale in Bend, Oregon according to the Central Oregon Multiple Listing Services (MLS) are as follows:
11 condos & townhomes were listed with an average sales price of $241,391.
4 manufactured homes on land were listed with an average sales price of $111,750.
3 manufactured homes on leased land were listed with an average sales price of $26,300.
4 Shared Interest homes were listed at an average price of $61,000
107 single family homes were listed with an average sales price of $312,794.
27 single family homes on acreage were listed with an average sales price of $521,291.
The most expensive Bend home listed for this time period was a 5575 sq ft 3 bedroom, 4.5 bath home on 34.76 acres located on Gerking Market Road with fabulous views and all the bells and whistles. The least expensive Bend home listed during this time period was a 924 sq ft 2 bedroom manufactured home on leased land for $$14,500.
Update on Bend Oregon New Home Construction
16 new Bend homes were listed between September 1, 2011 and September 30, 2011 with an average price of $276,650 or $151 per sq ft. 2 of these new Bend homes are being built in SE Bend, 4 are located in SW Bend, 5 are in NE Bend, and 5 are in NW Bend.
Update on Distressed, Short Sale and Bank Owned Homes in Bend Oregon
Of the 156 newly listed Bend homes, 30 are short sales with an average price of $251,697. 14 of the new Bend home listings are bank owned foreclosures with an average price of $239,493.
September 30, 2011 Update on “Sold and Pending” Homes for Bend Real Estate
Between September 1 and September 30, 2011, 133 Bend homes have gone pending waiting to close with an average list price of $247,867. 60 Bend OR short sale homes have gone into contingent status awaiting lender approval before they can close with an average listed price of $209,909. 27 bank owned homes have gone pending with an average list price of $173,766. 35 short sale homes have gone pending with an average list price of $188,590. 182 Bend homes have sold with an average selling price of $240,635. Of these 182 closed sales, 44 were short sales and 29 were bank owned properties. The least expensive home which closed during this time was a 672 sq ft fractional ownership at the Inn of the 7th Mountain for $7500. The most expensive home which closed was a 5432 sq ft 4bedroom, 6 bath home built in 2006 on Collins Rd. This bank owned home sold for $1,255,000.
All the data for this report was obtained from the Multiple Listing Service of Central Oregon. It is deemed reliable but not guaranteed. This report does not include “For Sale By Owner” data.
For more information on Bend Oregon Real Estate, contact one of our real estate agents from Bend Premier Real Estate.
Here is the latest update for the Bend Oregon Real Estate market including newly listed Bend Oregon homes from August 16, 2011 through August 31, 2011. A total of 103 Bend Oregon homes for sale were recently listed with area Brokers. The average sales price of these newly listed Bend homes for sale is $322,118. The total inventory of Bend Oregon Homes is 1119 as of 9-7-11.
The types of homes and average prices for sale in Bend, Oregon according to the Central
Oregon Multiple Listing Services (MLS) are as follows:
7 condos & townhomes were listed with an average sales price of $271,271.
4 manufactured homes on land were listed with an average sales price of $151,250.
4 manufactured homes on leased land were listed with an average sales price of $43,175.
1 Shared Interest home was listed at $61,750
73 single family homes were listed with an average sales price of $307,503.
14 single family homes on acreage were listed with an average sales price of $549,386.
The most expensive Bend home listed for this time period was a 4525 sq ft 3 bedroom, 4.5 bath home on .96 acres located in Hillside Park with fabulous views for 1.6 million. The least expensive Bend home listed during this time period was a 1440 sq ft 3 bedroom manufactured home on leased land for $15,900.
Update on Bend Oregon New Home Construction
12 new Bend homes were listed between August 16, 2011 and August 31, 2011 with an average price of $277,515 or $150 per sq ft. 3 of these new Bend homes are being built in Badger Forest in SE Bend, 2 are located in SW Bend’s Aspen Rim neighborhood, 2 are in NE Bend, 2 are in The Bridges in SW Bend, 2 are in NW Crossing and 1 is in 3 Pines in NW Bend.
Update on Distressed, Short Sale and Bank Owned Homes in Bend Oregon
Of the 103 newly listed Bend homes, 19 are short sales with an average price of $284,034. 15 of the new Bend home listings are bank owned foreclosures with an average price of $186,710.
August 31, 2011 Update on “Sold and Pending” Homes for Bend Real Estate
Between August 16, 2011 and August 31, 2011, 96 Bend homes have gone pending waiting to close with an average list price of $284,034. 46 Bend OR short sale homes have gone into contingent status awaiting lender approval before they can close with an average listed price of $212,756. 116 Bend homes have sold with an average selling price of $237,620. Of these 116 closed sales, 34 were short sales and 18 were bank owned properties. The least expensive home which closed during this time was a 672 sq ft manufactured home on leased land for $8,900. The most expensive home which closed was a 3952 sq ft home built in 1919 in downtown Bend on Congress on 3 tax lots.
All the data for thisreport was obtained from the Multiple Listing Service of Central Oregon. It is deemed reliable but not guaranteed. This report does not include “For Sale By Owner” data.
For more information on Bend Oregon Real Estate, contact one of our real estate agents from BendPremier Real Estate.
Here is the latest update for Real Estate Bend Oregon market including newly listed Bend homes from August 1, 2011 through August 15, 2011. A total of 95 Bend Oregon homes for sale were recently listed with area Brokers. The average sales price of these newly listed homes for sale is $445,307. The total inventory of Real Estate Bend Oregon Homes is 1015 as of 8-23-11.
The types of homes and average prices for sale in Bend according to the Central Oregon Multiple Listing Services (MLS) are as follows:
5 condos & townhomes were listed with an average sales price of $467,400.
2 manufactured homes on land were listed with an average sales price of $193,250.
2 manufactured homes on leased land were listed with an average sales price of $25,700.
2 Shared Interest homes were listed with an average sales price of $46,450
65 single family homes were listed with an average sales price of $395,244.
19 single family homes on acreage were listed with an average sales price of $723,449.
The most expensive Bend home listed for this time period was an 11,290 sq ft 4 bedroom, 4.75 bath home on 42.48 acres located in SE Bend with fabulous Cascade views. This home has secure parking for 13 vehicles, an indoor pool, exercise room, and nanny quarters all for $3,300,000. The least expensive Bend home listed during this time period was a 1050 sq ft 2 bedroom, 2 bath manufactured home on leased land for $16,900.
6 new Bend homes were listed between August 1, 2011 and August 15, 2011 with an average price of $318,997. Of these 6 new Bend homes, 1 is a 1031 sq ft house in NE Bend priced at $109,900, 1 is located in SE Bend’s Tanglewood neighborhood priced at $339,000, 1 is located in SW Bend’s Aspen Rim neighborhood priced at $159,990 for 1144 sq ft, 1 is located in Shevlin Pines priced at $435,000, and 2 are townhomes located in the Points West subdivision each priced at $435,000.
Of the 95 newly listed Bend homes, 19 are short sales with an average price of $331,262. Six of the new Bend home listings are bank owned foreclosures with an average price of $281,302. The lack of new bank owned listings supports the idea that banks are delaying the release of these properties.
Between August 1, 2011 and August 15, 2011, 81 Bend homes have gone pending waiting to close with an average list price of $237,739. 33 Bend OR short sale homes have gone into contingent status awaiting lender approval before they can close with an average listed price of $189,766. 84. Real Estate Bend Oregon homes have sold with an average selling price of $251,441. Of these 84 closed sales, 19 were short sales and 10 were bank owned properties. The least expensive home which closed during this time was an 1188 sq ft manufactured home on leased land for $16,000. The most expensive home which closed was a 3971 sq ft home built in 1969 on 46.10 acres with hay production in Terrebonne. This home, originally priced at $1,950,000, sold after 862 days on market for $895,500. The seller financed the sale through an owner carry contract.
All the data for this report was obtained from the Multiple Listing Service of Central Oregon. It is deemed reliable but not guaranteed. This report does not include “For Sale By
Owner” data.
For more information on Bend Oregon Real Estate, contact one of our real estate agents from BendPremier Real Estate.
According to Trulia’s Rent vs Buy index, it is now cheaper to buy than to rent in 72 percent of the 50 largest cities in the United States. The reason for this, according to Pete Flint, CEO of Trulia, is that “many former home owners are flooding the rental market” as a result of the recession. The Rent vs Buy index is based upon the median price of homes in an area compared to the median rent of 2 bedroom apartments, condos, and townhomes as of January 1, 2011.
Here is a list of the top 10 cities which, according to Trulia, are cheaper to buy than to rent…
1. Miami
2. Las Vegas
3. Arlington, Texas
4. Mesa, Ariz.
5. Phoenix, Ariz.
6. Jacksonville, Fla.
7. Sacramento, Calif.
8. San Antonio, Texas
9. Fresno, Calif.
10. El Paso, Texas
Whether you are a buyer, seller, investor, realtor, or even a mortgage broker, it is
important to keep abreast of where we are in the economic cycle as it relates to Bend real estate. In this report, we will analyze Bend real estate data for the following: For Sale vs Sold, Average Price Per Square Foot, Days on Market, Average and Price For Sale and Sold. This is a great time to look at the 5 year trend as we are comparing real estate in the heydays of 2006 to the optimism and hope of 2011.
Although home sales have remained relatively flat, with the lowest sales in 2008 and
early 2009, there has been a dramatic decrease in homes for sale in Bend. In particular, from 2006, the number of homes for sale in Bend have decrease by 54.7%. Due to the lower level of supply, we have seen an increase in the number of building permits with the City of Bend, and a recent increase in number of homes for sale over the past few months.
The past 5 years have shown a dramatic decrease in the square foot home prices in Bend of over 40%. Most of the fall in home prices occurred in 2008. If one is looking for a bottom, it may have happened in February of 2011 with slow but steady growth of about 2% per month through July 2011.
Perhaps this is the most hopeful of all the data in this trend report for everyone except homebuyers as it supports the recent rise in housing costs per square foot data based upon simple supply and demand. The biggest change comes in the last month of this report (June-July 2011) where the average days on market dropped by over 12% and the difference between list price and sales price was less than 1%.
The average sold price for Bend OR real estate has taken a big hit over the past 5 years to the tune of over 41%. The last 12 months have seen a large decrease in sold prices as well of about 10%. The good news is that this decline appears to have leveled off, and the average price for sale homes is now on the rise.
There are definite signs that may be signaling a bottom in the Bend real estate market. Over the past 5 years, Bend has seen dramatic decreases in the number of homes for sale,
along with significant decreases in the average number of days on market to sell these homes. Although there have also been sharp decreases in housing prices, recent months have shown a steady increase in the average price per square foot for sold homes and much sharper increases for listing prices. However, it is difficult with the volatility of the current economic and political climate to conclude anything for certain, but it may be that the bottom in the Bend real estate market occurred earlier this year and the worst in now behind us. For more info or to search MLS homes, please visit Bend Premier Real Estate downtown or on the website.
*All the data for this report was obtained from Trend Vision in connect with the Multiple Listing Service of Central Oregon. It is deemed reliable but not guaranteed. This report does not include “For Sale By Owner” data.
Here is the latest update for the Bend Oregon Real Estate market including newly listed Bend Oregon homes from July 16, 2011 through July 15, 2011. At total of 100 Bend Oregon homes for sale were recently listed with area Brokers. The average sales price of these newly listed Bend Oregon homes for sale is $413,682. The total inventory of homes in Bend for sale is 1129 as of 8-8-11.
The types of homes and average prices for sale in Bend, Oregon according to the Central Oregon Multiple Listing Services (MLS) are as follows:
6 condos & townhomes were listed with an average sales price of $177,417.
6 manufactured homes on land were listed with an average sales price of $120,133.
3 manufactured homes on leased land were listed with an average sales price of $73,367.
3 Shared Interest homes were listed with an average sales price of $22,667
67 single family homes were listed with an average sales price of $412,526.
15 single family homes on acreage were listed with an average sales price of $722,029.
The most expensive Bend luxury home listed for this time period was an 8676 sq ft 7 bedroom, 7.75 bath home on 9.78 acres located in Tumalo with fabulous views. This home has an 8 car garage with 2 RV garages, a wine cellar, weight room, and guest house all for
$4,350,000. The least expensive Bend home listed during this time period was a 1/6 ownership in a 1 bedroom, 1 bath 662 sq ft condo at the Inn of the 7th Mountain for $13,000 sq ft.
Update on Bend Oregon New Home Construction
6 new Bend homes were listed between July 15, 2011 and July 31, 2011 with an average price of $351,373. Of these 6 new Bend homes, 1 is an 1890 sq ft house in NE Bend priced at $235,000, 2 are located in SE Bend priced at $249,950 and $324,900, 2 are located in SW Bend priced at $261,950 and $299,900 and the last new home is located in NW Crossing priced at $739,000 for 3228 sq ft.
Update on Distressed, Short Sale and Bank Owned Homes in Bend Oregon
Of the 100 newly listed Bend homes, 13 are short sales with an average price of $331,665. 10 of the new Bend home listings are bank owned foreclosures with an average price of $380,010.
July 31st Update on “Sold and Pending” Homes for Bend Real Estate
Between July 16, 2011 and July 31, 2011, 118 Bend homes have gone pending waiting to close with an average list price of $270,075. 32 Bend OR short sale homes have gone into
contingent status awaiting lender approval before they can close with an average listed price of $171,489. 76 Bend homes have sold with an average selling price of $250,639. Of these 76 closed sales, 15 were short sales and 29 were bank owned properties. The least expensive home which closed during this time was a 1620 sq ft manufactured home on leased land for $20,000. The most expensive home which closed was a 3112 sq ft home built in 2004 in Broken Top which sold for $1,045,000 or $335.80 per square foot. This home was a traditional sale.
All the data for this report was obtained from the Multiple Listing Service of Central Oregon. It is deemed reliable but not guaranteed. This report does not include “For Sale By
Owner” data.
For more information on Bend Oregon Real Estate, contact one of our real estate
agents from Bend PremierReal Estate.
Here is the latest update for the Bend Oregon Real Estate market including newly listed Bend OR homes from July 1, 2011 through July 15, 2011. At total of 126 Bend Oregon homes for sale were recently listed with area Brokers. The average sales price of these
newly listed Bend homes for sale is $370,194. The total inventory of Bend Oregon residences is 1128 as of 7-25-11.
The types of homes and average prices for sale in Bend, Oregon according to the Central Oregon Multiple Listing Services (MLS) are as follows:
7 condos & townhomes were listed with an average sales price of $151,614.
5 manufactured homes on land were listed with an average sales price of $135,180.
5 manufactured homes on leased land were listed with an average sales price of $28,760.
2 Shared Interest homes were listed with an average sales price of $52,400
83 single family homes were listed with an average sales price of $397,593.
24 single family homes on acreage were listed with an average sales price of $484,683.
The most expensive Bend home listed for this time period was a 5064 sq ft 3 bedroom, 3.5 bath home on 1.59 acres located in Wyndemere on Awbrey Butte with Deschutes River &
Cascade views. The least expensive Bend home listed during this time period was a 784 sq ft manufactured home on leased land for $9,000.
Update on Bend Oregon New Home Construction
10 new Bend homes were listed between July 1, 2011 and July 15, 2011 with an average price of $429,529. Of these 10 new Bend homes, 1 is a 1783 sq ft house in NE Bend priced at $198,500, 1 is a 2251 sq ft home located in SE Bend priced at $359,000, 1 a 2592 sq ft
home in SW Bend’s Aspen Rim priced at $307,990 and another a 4095 sq ft home in Broken Top priced at $839,000. The remaining 5 new homes are built in NW Bend with 2 in NW Crossing, 1 in the Valhalla area, 1 in Newport Hill, and the last in Shevlin Pines.
Update on Distressed, Short Sale and Bank Owned Homes in Bend Oregon
Of the 126 newly listed Bend homes, 13 are short sales with an average price of $302,538. 4 of the new Bend home listings are bank owned foreclosures with an average price of $189,613.
July 15th Update on “Sold and Pending” Homes for Bend Real Estate
Between July 1, 2011 and July 15, 2011, 66 Bend homes have gone pending waiting to close with an average list price of $271,475. 40 Bend OR short sale homes have gone into contingent status awaiting lender approval before they can close with an average listed
price of $222,076. 88 Bend homes have sold with an average selling price of $260,344. Of these 88 closed sales, 20 were short sales and 18 were bank owned properties. The least expensive home which closed during this time was a 1457 sq ft manufactured home on leased land for $28,000. The most expensive home which closed was a 6500 sq ft home built in 2008 in The Highlands at Broken Top on 10 acres which sold for $1,252,000 or $192.62 per square foot. This home was a short sale.
All the data for this report was obtained from the Multiple Listing Service of Central Oregon. It is deemed reliable but not guaranteed. This report does not include “For Sale By
Owner” data.
For more information on Bend Oregon Real Estate, contact one of our real estate
agents from Bend PremierReal Estate.
Bend home prices are expected to recover 33.6 percent by 2014 compared to a national average of only 7.2 percent, according to a recent Fiserv and Moody’s forecast that includes factors such as income growth, demographic trends, unemployment, foreclosure rates, and construction costs. Bend ranked #2 of the 378 places surveyed, only behind the Bremerton-Silverdale area of Washington State, which had a projected price increase of 44.7% from 2010 to 2014.
To put things into perspective, U.S. home prices have declined an average of 29.5% over the past 4 years, with Bend home prices having dropped about 40%. According to David
Stiff, the chief economist for Fiserv, “prices should form a trough early next year, when median prices will be down an estimated 32.9% from the 2006 peak”.
Other areas projected in the top 10 for a strong recovery include Detroit-Livonia-Deerborn Michigan, Napa California, Carson City Nevada, Panama City-Lynn Haven-Panama City Beach Florida, Flagstaff Arizona, Santa Fe New Mexico, Cheyenne Wyoming, and Anchorage Alaska. viagra
Here is the latest update for the Bend OR Real Estate market including newly listed Bend OR homes from June 16, 2011 through June 30, 2011. A total of 131 Bend homes for sale were recently listed with area Brokers. The average sales price of these newly listed Bend homes for sale is $461,843. The total inventory of Bend residences is 1109 as of 7-12-11.
The types of homes and average prices for sale in Bend according to the Central Oregon
Multiple Listing Services (MLS) are as follows:
8 condos & townhomes were listed with an average sales price of $354,238.
2 manufactured homes on land were listed with an average sales price of $359,950.
2 manufactured homes on leased land were listed with an average sales price of
$27,000.
94 single family homes were listed with an average sales price of $406,036.
25 single family homes on acreage were listed with an average sales price of $749,052.
The most expensive Bend home listed for this time period was a 7938 sq ft 4 bedroom, 5.5 bath home on 10 acres located with a 2600 sq ft 4 car shop and guest studio for $4,900,000; two large lakes are to be built on the property. The least expensive Bend home listed during this time period was an 1188 sq ft manufactured home on leased
land for $16,000.
Update on Bend Oregon New Home Construction
2 new Bend homes were listed between June 16, 2011 and June 30, 2011 with an average price of $247,000. Of these 2 new Bend homes, 1 is a 1560 sq ft house in NE Bend priced at $195,000 ($125 per sq ft) and 1 is a 1260 sq ft home located in NW Bend in NW
Crossing priced at $299,000 ($237.30 per sq ft).
Update on Distressed, Short Sale and Bank Owned Homes in Bend Oregon
Of the 131 newly listed Bend homes, 21 are short sales with an average price of $276,645. 9 of the new Bend OR home listings are bank owned foreclosures with an average price of $299,489.
June 30th Update on “Sold and Pending” Homes for Bend OR Real Estate
Between June 16, 2011 and June 30, 2011, 74 Bend homes have gone pending waiting to close with an average list price of $249,284. 22 Bend OR short sale homes have gone into contingent status awaiting lender approval before they can close with an average listed
price of $211,608. 108 Bend homes have sold with an average selling price of $234,770.
The least expensive home which closed during this time was an 1134 sq ft manufactured home on leased land. The most expensive home which closed was a 4190 sq ft Awbrey Butte property with Cascade Views built in 2005 which sold for $1,060,000 or $252.98 per sq ft.
All the data for this report was obtained from the Multiple Listing Service of Central Oregon. It is deemed reliable but not guaranteed. This report does not include “For Sale By
Owner” data.
For more information on Bend OR Real Estate, contact one of our real estate agents from Bend Premier Real Estate.
