Posts from January 2019

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Bend Oregon Real Estate | December 2018 Trends

January 8th, 2019 by Lynnea Miller

Is the Bend Real Estate Market Overpriced?

The figures are out and the trends we have been following over the past year were again seen in the December 2018 Bend residential real estate sales figures. December 2018 saw a dramatic reduction in Bend home sales on less than an acre compared with December 2017:

Numbers of homes for sale down 10.4% to 396
Numbers of homes sold down 15.9% to 159
Numbers of homes pended down 14.4% to 131
Average price per square foot on sold homes up 3.8% to $244
Sold price to original listing price difference down 2.1% to 95%
Average days of market up 2.8% to 111
Months of inventory up 8.6% to 2.5 (based on closed sales)
Average active price up 5.6% to $701,000
Average sold price up 14.3% to $521,000**

The figures for act...

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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

January
7

Bend Oregon Luxury Real Estate | 2018 Year End Review

January 7th, 2019 by Lynnea Miller

Bend Luxury Home Sales Rise in 2018

The Bend high end real estate market grew considerably in 2018. Million dollar homes, including those built for speculation, have sold at larger numbers than those in 2017 with the greatest percentage increase in the $1,300,000 to $1,699,999 range (up 42.9%). **

For available inventory, the numbers of homes in the $2,300,000 and up range grew by the largest percentage with 50% more properties available in 2018 than in 2017. The months of supply fell in all categories except the highest where the inventory levels are now at 17.2 months (up from 10.9 months in 2017).

Pending sales were also up with the greatest percentage increase in the $1,300,000 to $1,699,999 category with an increase of 63.9% There were 59 homes which went pending during 2018 which are listed in this group. There were 93 pendin...