Posts from September 9th, 2016
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9
Bend OR Real Estate | August 2016 Update
The trend continues upward with Bend real estate. Data from August, 2016 continues to show strong sales and increased values for Bend single family homes. When compared with August, 2015, the average active home price is up 12.6% and the average sold price is up 8.9%. There are 1.2% fewer Bend homes for sale than a year ago with 6.3% more having sold;* this continues the issue we have had all year with great demand and insufficient inventory to keep up with this demand.
One step to help with the insufficient inventory was made earlier this week when the Bend City Council gave initial approval to the plan to expand Bend's urban growth boundary by 2,380 acres. The plan, if accepted by the state, would allow for more than 17,000 additional homes to be built in Bend along with room for additional employment opportunities. Bend has been working on expanding the urban growth boundary for over 10 years and the need for th...