Posts from July 2016
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18
#4 Fun Real Estate Facts - Controversial History of Monopoly
Just about everyone is familiar with the board game Monopoly. We would be quick to pick our favorite markers… the top hat, Scottie dog, thumbnail, or my favorite - the sports car. Then we were given a small amount of money to start from the bank. And for the next several hours we would try to buy real estate, develop our properties with houses and perhaps a hotel or two, collect rent from other players who landed on our developments, and hopefully end up monopolizing the entire board by driving the other players into bankruptcy. But few people know that today's modern version of the game has its roots in a game called "The Landlord Game," developed by a politically liberal woman named Lizzie Magie in the early 1900's whose primary goal was to point out the "inequalities and evils of acquiring vast sums of money at the expense of others." The original "Landlord Game" even had two sets of rules: the monopolist version we are more familiar with...
8
Bend Oregon Home Sales Remain Strong - 2nd quarter 2016 stats
Just ask any real estate Broker in Bend how sales have been and they should tell you that Bend home sales remain strong. 2nd quarter statistics reflect continued optimism in the Bend real estate market with single family homes in contract up 8.6% from 2nd quarter 2015. When June 2015 is compared with June 2016, Bend homes in contract are up 24.4%. Home prices are also up - with active prices 13.6% higher than 2nd quarter 2015 and sold prices up 10.8% during the same period. The average sold price of a single family Bend home is now at $212 per square foot and we have only 2 months of inventory based on pending sales. The city of Bend is also months behind in processing building permits and new home construction cannot keep up with the demand.
So what does this mean for Bend OR real estate? Although nothing is guaranteed, in lieu of a major political or environmental catastrophe, the trends suggest buyers will continue to move to Bend and home sales will remain strong.