Posts from July 26th, 2021
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What Is Up With Bend Luxury Homes?
Bend Luxury Home Sales Have Spiked in the Last Year
When we think of luxury homes in Bend, we have a vision of a grand property with stunning mountain or river views, lots of elbow room, and fabulous amenities. Easy location to access the Bend lifestyle, which includes proximity to downtown, the mountains, the river, and the Old Mill also checks a lot of homebuyer's luxury wish lists. Having an up-to-date architectural design and interior features are also important to many who are making Bend their home. Yet with so many people moving to Bend over the past year and with inventory supply not keeping up with demand, homes that are not considered luxury have pushed the million dollar market into never before seen figures.
The chart below outlines the last ten years of million dollar home sales in Bend. As you can see, from 2011 through 2014, high end home sales were almost nonexistent. Coming out of the great recession, it took time to sell all the accumulated inv...