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Posts from March 6th, 2019

Bend Premier Real Estate Blog

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March
6

Bend Real Estate Market Changing

February 2019 had the most dramatic change to the Bend Real Estate market that we have seen in many years. Sales dramatically declined while prices increased, although at a reduced rate than we have experienced over the past few years.  It appears that the trends we started to see the second half of 2018 are continuing.

When February 2019 is compared with February 2018, the data for Bend single family residential sales on less than an acre are as follows:

  • Numbers for sale down 6.6% to 398
  • Numbers sold down 36% to 105
  • Numbers pended down 17% to 151
  • Average price per square foot up 2.9% to $248
  • Average days on market unchanged
  • Sold/Original listing price different down 1% to 96%
  • Average active price up 6.2% to $681,000
  • Average sold price up 3.1% to $498,000

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