Bend real estate sales traditionally change as we move into fall. Typically, Bend families with children do not actively search for a home while school is in session. Sales slow as we move into the holidays and the demographics of active home buyers who remain in the hunt for the perfect home during this time of year are different than those searching during our peak season.
On Bend Premier Real Estate's home search, we are seeing Bend homes from $500,000 to $1,000,000 top the most searched properties over the past two weeks; during the busy summer season, homes $300,000 and under were the most popular listings. During October, a huge increase of 96.7% in pended sales* in this price range occurred over the year before.
What does this mean for Bend
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Home sales in Bend, Oregon continue to be strong with an upward trend in home prices. Over the last 3 years, home prices have increased until the average single family home in Bend in October 2016 sold for $413,854. During this same 3 years, the average price per square foot has gone from $173 to $210, the months of inventory has dropped from 3.5 to 2.5, and the number of homes sold has gone from 2319 to 2603.*