December 2018

Found 2 blog entries for December 2018.

Bend Commercial Real Estate Impacted by Lack of Inventory

Historically, our local commercial real estate market trends above the national averages. Our Central Oregon area commands very aggressive CAP rates due to supply and demand; when you put a magnifying glass to our market, we have very little Industrial property For Sale/For Lease and it would appear that the Urban Growth Boundary expansion recently passed will not solve this immediate problem. Our local market in most cases this year has positive absorption rates for office and retail as well. Commercial Market Conditions

What’s Up on the National Front?

Our local commercial real estate market trends about a year behind what we experience in the residential market. This is consistently true and while residential

2,391 Views, 1 Comment

Bend Real Estate Trends Mixed in November

Bend Real Estate Homes For SaleThe data has been published and Bend single family home trends show mixed results for November. When Bend home sales from November, 2018 are compared with the sales from November, 2017, the following changes can be seen:

  • Homes for sale down 7.3% to 456
  • Homes sold down 16.7% to 170
  • Homes pended up 4.1% to 153
  • Average price per sq ft up 6.6% to $243
  • Average days on market up 9.6% to 114
  • Average active price up .9% to $663,000
  • Average sold price up 11.7% to $516,000
  • Median sold price up 11% to $433,000
  • Months of inventory up 12.4% to 2.7*

Why are Bend Home Sales Slowing?

Closings were down significantly in November which can be contributed to the softening Bend home sales

1,253 Views, 1 Comment

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