Posts from January 2018

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Bend Oregon New Construction | What Are The 2016-2017 Trends?

January 22nd, 2018 by Lynnea Miller

Bend OR Builders Cannot Keep Up With the Demand

Everyone living in Bend should be aware that a lot of new residential homes are being built. Just drive through town and new subdivisions and new in-fill on what used to be open space are popping up throughout the city. Builders are finding it difficult to keep up with the demand and people working in the building trades are stretched thin with far more work than they can handle. This demand is leading subcontractors to charge more to keep their employees well paid and to make a good profit, suppliers charging more for their building materials, and home prices for new construction rising as a result.

When comparisons are made between new residential construction over $1,000,000 from 2016 to 2017, the following statistics can be noted:

Homes for sale up 6.3%
Homes sold up 66.7%
Homes pendi...

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Categories: Bend Oregon Real Estate Trends

Tags: bend oregon real estate, bend real estate, bend homes for sale, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Bend Luxury Homes, Bend Oregon New Construction, Bend New Construction, Bend New Homes

January
8

Bend Oregon Real Estate | 2017 Trends Summary

January 8th, 2018 by Lynnea Miller

Bend Real Estate Market Shows No Sign of Slowing

The 2017 year end data is out and the Bend real estate market continued its upward trends. Outside of the slowdown experienced during the winter of 2016/2017 where Bend residents were more concerned with ice dams and heavy snowfall than selling or buying property, the data from 2017 mirrors what we have been experiencing since leaving the recession of 2008-2011. Bend home prices keep rising and people keep buying.

The following data compares Bend single family home sales from 2016 to 2017

Number of homes for sale up 11.6%
Average price per square foot up 9.5%
Average active price up 7%
Average sold price up 10.2%
Months of inventory based on sold sales remains le...