Posts from January 28th, 2021
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Bend Oregon Luxury Home Sales | 2020 Trends
Lack of Inventory Impacting Bend Luxury Home Sales
2020 was a year that will be remembered in the history books. In January and February 2020, real estate sales were great across the country with low interest rates leading the way enabling buyers to afford more than they could in the past. Low inventory levels were making sellers realize that listing in the winter could be a good decision and Bend Oregon real estate sales were breaking records. Then the Covid-19 pandemic hit and the subsequent recession and work-from-home orders made many believe Central Oregon real estate sales would drastically drop. However, after the initial shock, Bend home sales came roaring back when the pandemic made people realize that if they were to work from home, home could be where they really wanted to live as long as a good internet connection was available. Cities like Bend became the destination of many across the country as people left high density, urban areas and moved to smaller...