August 2018

Found 4 blog entries for August 2018.

Bend Premier Real Estate Bend OktoberfestBend Oktoberfest September 21-22

One of Bend's most unique fall festivals is Bend Oktoberfest celebrated in the middle of September. Besides being the main fundraiser for Downtown Bend, Bend Oktoberfest offers "great beer, delicious food, silly games and feats of strength."  Starting Friday, September 21 at 3:00 pm, the festival will include the Stein Hold Competition, the Chicken Hat Hunt, the Bend Beer Choir, the Tricycle Races and the most popular event - the Weiner Dog Race. There will be something for every Central Oregonian to enjoy!

Bend Premier Real Estate is pleased to be the Title Sponsor for Bend Oktoberfest this year. Having our main office in Downtown Bend, it is a perfect fit for us as we support fully the fundraising efforts for the

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Bend's Luxury Home Sales Trending Up

Bend Oregon Real EstateAs the American economy continues to improve and citizens have more confidence and money to spend on housing, the value of real estate has grown across the country.  Bend is no exception. Bend's average home price has grown by roughly 10% per year since coming out of the great recession, greatly due to the demand on housing coming from new residents moving to Central Oregon in large numbers. For many of these new transplants, the real estate market in their original city is greatly inflated and home values way beyond those of Bend. When they sell, they can often pocket a large amount of cash from the equity in their home. This in turn has driven up housing costs within the city as these new Bend residents can afford

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Are Bend Oregon Home Sales Leveling Off?

Bend Oregon Real Estate

The July 2018 figures are out and there has been a change in the sales trends for Bend single family homes. Since coming out of the great recession, home sales in Bend have been strong with pended and sold trends consistently higher than those from the year before.  While the average price per square foot continues to rise, the actual numbers of homes sold and pended are down.  When July 2018 is compared with July 2017, the following data can be noted for Bend single family homes on less than an acre:

  • Homes for sale down 2.9% to 643
  • Homes sold down 6% to 233
  • Homes pended down 4.3% to 222
  • Average active price up .6% to $654,000
  • Average sold price up 5.5% to $502,000
  • Months of inventory
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