Bend Oregon Luxury Home Sales Growing

The trends are showing that the number of luxury homes in Bend are growing with strong figures in almost all categories. Since coming out of the recession, home prices in Bend have gained each year, but now more of the Bend real estate market is reflected in the million dollar or more price point than ever before.

The last 12 months reflect 35.8% more million dollar single family homes were sold in Bend than the year before, which was up 41.8% over sales in 2016. At the same time, new listings were up 25.7% in 2017 (171) and 54.4% in 2018 (264).*

In contrast to the added growth in sales in the million dollar plus Bend home, the months of inventory are dropping, reflecting that the homes which hit the

Bend Real Estate In Spring Selling Season

The April figures are out and the spring selling season has hit! Buyers are offering on the existing inventory and multiple offers on well priced homes are the norm rather than the exception. The trends are also showing a strong market for Bend homes for sale and home sales continue to rise.

The figures for April 2018 on Bend single family homes on less than an acre compared with April 2017 are as follows:

• Homes for sale up 7.7% to 459
• Homes sold up 3.9% to 554
• Homes pending up 4.5% to 672
• The average price per square foot for sold homes up 8.2% to $238
• The average active price is down 4.7% to $650,000
• The average sold price is up 6.5% to $494,000
• The months of inventory based on