80 articles found with the search of "mortgage interest rates"
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8
Bend Oregon Real Estate | February 2021 Trends
Bend Real Estate Sales Remarkable in February 2021
It has been a full year since the Covid-19 pandemic hit America and the resulting Stay at Home orders were implemented in most states. When the pandemic first came to the Bend real estate market, we thought that sales would be impacted negatively - and this was the case initially. When businesses shut their doors and laid off employees, brokerages followed suit and turned to the internet and virtual connections with clients. Within Bend Premier Real Estate, the use of our Matterport 3D tours became a major tool to enable buyers to "see" homes without actually entering the property. Bend Premier brokers looked to utilize virtual tools as much as possible to keep business going.
However, unexpectedly Bend real estate sales started to soar with lack of inventory the number one impediment. Buyers from large cities discovered that working from home opened avenues for relocating to a new home that fit a chosen lifest...
8
How Covid 19 is Changing Central Oregon Real Estate
Will Coronavirus Change the Central Oregon Real Estate Market?
With the outbreak of the coronavirus worldwide, which has sickened thousands and created panic and uncertainty in our stock market, we are left to question if the effects will extend to the US real estate market, and more specifically to our local Central Oregon real estate market.
Coronavirus Pushes Down Interest Rates
Mortgage Interest Rates have already fallen to new record lows (3.29% as of March 5th) as investors are taking money out of the volatile stock market and putting it into safer US Treasury Bonds. Historically, when bonds are strong, mortgage rates go down.
6
Bend Oregon Real Estate | November 2018 Trends
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...
8
Bend Oregon Real Estate | September 2018 Trends
Bend Or Single Family Home Sales Are Slowing
We wrote a blog a few weeks ago in which we noted that it appeared that Bend Oregon single family home sales were slowing when compared with the year before. This blog, "Is the Central Oregon Real Estate Market Slowing Down?" looked at inventory levels and showed that there was an uptick in the number of single family homes in Bend, Redmond and Sunriver for sale from the same 12 month period the year before.
The September statistics have now been published for Bend home sales and it appears that the slowing trend is continuing. When September 2018 Bend single family home sales on less than an acre are compared with September 2017, the following change can be seen:
- Homes for sale down 5.8% to 596
21
Bend Oregon Luxury Homes Trend Report
Bend Oregon Luxury Home Sales Growing
The trends are showing that the number of luxury homes in Bend are growing with strong figures in almost all categories. Since coming out of the recession, home prices in Bend have gained each year, but now more of the Bend real estate market is reflected in the million dollar or more price point than ever before.
The last 12 months reflect 35.8% more million dollar single family homes were sold in Bend than the year before, which was up 41.8% over sales in 2016. At the same time, new listings were up 25.7% in 2017 (171) and 54.4% in 2018 (264).*
In contrast to the added growth in sales in the million dollar plus Bend home, the months of inventory are dropping, reflecting that the homes which h...