Posts from December 2018

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Bend Oregon Commercial Real Estate - 3rd Quarter Trends

December 14th, 2018 by Lynnea Miller

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.

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 real estate sales experienced a sudden recessional impact in 2008, commercial real estate sales stayed consistent until roughly 2^nd quarter 2009 and then fell into distressed "short sa...

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Categories: Bend Oregon Real Estate Trends

Tags: bend oregon, Bend Commercial Real Estate, Bend Oregon Commercial Real Estate

December
6

Bend Oregon Real Estate | November 2018 Trends

December 6th, 2018 by Lynnea Miller

Bend Real Estate Trends Mixed in November

The 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 seen earlier in the year; days on market and months of inventory are both up. While...