Bend Real Estate Blog

How High Can Bend Real Estate Prices Go?

Bend Oregon Real Estate

The April 2019 sales figures for Bend single family homes on less than an acre are out and the results are dramatic. While new home sales surged in April, following a seasonal trend with 252 pending sales, the numbers of homes available and those closed in April are definitely down. And while prices continue to climb, the average days on market are also up. The following compared April 2018 with April 2019 for Bend single family homes on less than an acre:

  • Homes for sale down 13.5% to 397
  • Homes sold down 10.2% to 177
  • Homes pended down .4% to 252
  • Average active price up 6.8% to $694,000
  • Average sold price up 12.4% to $552,000
  • Average price per sq ft up 8.9% to $258
  • Average days on
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Five Bend Premier Real Estate Brokers Work on All Women Built Home

On Thursday, May 9th, five Bend Premier Real Estate women Brokers worked on an all women built Habitat for Humanity Home. Diane Lozito, Kelly Johnson, Liz Shatterly, Jacque Martini Roberts and Sherry Ortega all worked hard installing windows, setting trusses, removing bracing and helping with construction clean up. After their day, the new owner of the Habitat Home is one step closer to the American Dream of home ownership.  Congratulations, ladies, on a job well done!

Bend Premier Real Estate

Bend Premier Real Estate Habitat for Humanity Habitat for Humanity Bend Premier Real Estate  Bend Premier Real Estate 
 Bend Premier Real Estate  Bend Premier Real Estate  Bend Premier Real Estate  Bend Premier Real Estate  Bend Oregon Real Estate
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Bend Oregon Real Estate - What's Up with Bend Luxury Homes?

Bend Oregon Luxury Homes

Bend's high end home market is growing.  There is demand for homes in the million dollar plus category that was unheard of just a few years ago.  The number of Bend luxury home sales is up while inventory levels are down, and with prices continuing to increase, this trend does not appear to be stopping anytime soon.  The following information includes data from the last 3 years with each bar reflecting 12 months.

Bend Oregon Luxury Homes

As you can see, the number of homes sold over a million dollars has trended upwards over the past 3 years. Even those homes priced over $2,000,000 have increasing sales.  And while sales are increasing, inventory levels are dropping.

Bend Oregon Luxury Home Inventory

How Do Luxury Home Sales Impact

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2019 COBA Home and Garden Show This Weekend

Coba Home and Garden Show

For the 3rd year in a row, Bend Premier Real Estate Brokers will be working at a booth at the COBA Central Oregon Spring Home and Garden Show at the Deschutes County Fairgrounds.  This show is a fabulous way to talk with contractors, furniture makers, landscapers, hot tub vendors and so many more who may help you spruce up your home or garden this spring. Of course, while you are there, stop by and visit us! We are located in the First Interstate Event Center just to the right when you walk in the main doors next to Crater Lake Spirits.  If you talk with us about real estate, we may have a shot glass you can use for your sample!

The home show will run Friday and Saturday from 10:00 am to 5:00 pm and

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Bend Real Estate Sales Down

Bend Oregon Real Estate Trends

March 2019 Bend real estate sales followed the trends noted earlier in the year. Although there was a seasonal uptick in March 2019 of  Bend single family residential home real estate activity, new home listings, those in pending status and those sold were significantly down.

  • Numbers of homes for sale down 15.1% to 377*
  • Numbers of homes sold down 27% to 149
  • Numbers of homes pended down 8.6% to 201

Bend Home Prices Up

While actual sales are down, the average price of a Bend single family home continues to rise. Comparing March 2018 with March 2019:

  • Average price per square foot on sold homes up 6.3% to $252
  • Average active price up 4.9% to $682,000
  • Average sold price up 8.9% to $536,000
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Pronghorn Resort Offers New Lodging Options

Hunting Lodge in Pronghorn

Huntington Lodge, Pronghorn's long anticipated newest overnight lodging option, is opening soon. We were fortunate to experience the 104 room lodge prior to its grand opening in an invitation only soft opening as they work out the bugs.

The windy road to Pronghorn off Powell Butte Hwy ends at the Pronghorn gate house were we were greeted by the gate house attendant who asked where we were going. Obviously he notified Huntington Lodge as the two check in attendants  greeted by name as we walked in the door.  The main entry at the lodge is spacious with check in immediately to the right and concierge services to the left (the concierge was not staffed but we are sure they will be active during peak

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Has Spring Arrived in Central Oregon?

Spring in Central OregonAfter the coldest March in 100 years, yesterday we noticed the first flower of spring. This lone crocus has emerged and its purple bloom is brightening the dead yard.  While the grass is still yellow, there are signs of spring with buds appearing on the flowering trees and a hint of green in the yards of some Bend homes.

What Does Spring Mean for Bend Oregon Real Estate?

Spring brings back longer days, more outdoor recreational opportunities, and buyers to our Central Oregon real estate market. If you were waiting to get through winter to list your property, now is the time. Bend Premier Real Estate Brokers are ready to help you with listing tips, staging advice, and top notch marketing to get your home sold

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Permits Down for New Bend Homes

Bend Oregon New Home Construction

After many years of growth in new home construction in Bend, the number of permits pulled so far this year for single family homes are significantly down compared with previous years. From a high of 117 in March 2017, February 2019 had the lowest number of new home permits pulled in 4 years with less than 40.* February is typically a busy month for builders obtaining permits to build homes for summer sales.  This decline is significant as it is not following the normal trends.

 

Bend OR new home permits

Why Are Bend Builders Not Pulling Permits?

When a good analysis of Bend home trends is looked at, it becomes obvious that Bend new home construction has slowed. Many builders are sitting on inventory and while prices have

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Bend FamiliesWhat's in the BPRE March Newsletter?

  • Can Bend Families Afford to Live in Bend?
  • How is the Bend Real Estate Market Changing?
  • Commercial Real Estate Market Update.
  • Important Lessons and Tips to Know.
  • Protecting the Equity of Your Home.
  • Boosting Curb Appeal can do Wonders for a Sale!
  • And much more...

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Bend Real Estate Market Changing

Bend Real EstateFebruary 2019 had the most dramatic change to the Bend Real Estate market that we have seen in many years. Sales dramatically declined while prices increased, although at a reduced rate than we have experienced over the past few years.  It appears that the trends we started to see the second half of 2018 are continuing.

When February 2019 is compared with February 2018, the data for Bend single family residential sales on less than an acre are as follows:

  • Numbers for sale down 6.6% to 398
  • Numbers sold down 36% to 105
  • Numbers pended down 17% to 151
  • Average price per square foot up 2.9% to $248
  • Average days on market unchanged
  • Sold/Original listing price different down 1% to 96%
  • Average active
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The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Bend Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

This content last updated on May 21st, 2019 at 8:14pm PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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