November 2017

Found 3 blog entries for November 2017.

Bend Or real estate trendsBend Single Family Home Sales Are Up

The October home sales numbers in Bend provide data which reflect a strong market. Coming out of a summer with an unprecedented number of wildfires which greatly impacted tourism, real estate sales this fall have come roaring back with a large number of closings, new inventory and a continued uptick in home prices.

Comparing October 2016 with October 2017, Bend real estate trends show the following:

  • The number of homes for sale are up 17.2%
  • The number of homes sold are up 15.2%
  • The number of homes pended are up 2.2%
  • The average price per square foot is up 7.3% to $234
  • The months of inventory based on closed sales is unchanged
  • The average active home price is up 8% to $647,000
  • The average
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Central Or Single Family Home Sales Trend Up

Despite the snowy winter of 2016-2017 and the unprecedented wildfires experienced during the summer, Central Oregon real estate sales remain strong. Although the trends seem unsustainable, the roughly 10% increase in sales price year after year since 2011 have continued in the single family home market in Bend, Redmond, and Sunriver.  Only Sisters shows a reduction in the average October sales price from a year before, perhaps a reflection of this summer's Milli fire which was located just outside of the Sisters city limits.

Central Oregon real estate prices October 2017

Central Oregon Single Family Home Inventory Levels Remain Low

During a short time during the summer months, Bend had an increase in the months of inventory for single family

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Bend Forecasting BreakfastBend Premier Real Estate has 24 at Bend Chamber Forecasting Breakfast

The recent forecasting breakfast at Bend's Riverhouse had 3 great speakers discussing the national, state and local economy. Locally, Bend's workforce is older than it was 10 years ago, but the diversity of the economy speaks well for future down turns. Bend has jobs in the medical profession, construction, tourism, high-tech, and more so if one specter of the economy is impacted, most likely the city will be able to weather a recession better than a city where only one or two types of businesses hold the majority of jobs.

Discussion also focused on small business start ups and small business loans. Both are on the uptick across the country which speaks well for continued optimism

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