90 articles found with the search of "market trends"

Bend Home Sales Continue Upward Trends

The Bend single family residential sales trends that we saw in July continued into August with record breaking prices, low inventory levels, and a large uptick in pending sales contracts greatly impacting the Bend real estate market.  Lack of inventory remains a major issue with levels now below one month supply.  This has driven home prices up and led to multiple offers on many properties.

When August 2020 is compared with August 2019, the following data can be noted for Bend single family homes on less than an acre:

• Average sales price is up 17% to $656,022*
• Median sales price is up 11.6% to $529,950
• New listings are up 6.3% to 254
• Number of homes for sale is down 79.1% to 198
• Pending sales is up 125.9% to 576

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Real Estate Trends in Bend, Redmond, Sunriver and Prineville

We focus a lot on the real estate market trends for Bend and Redmond, but Central Oregon also encompasses many other towns and areas, all with their own charm and unique lifestyle. Housing prices and types of homes vary in these towns and it is interesting to see how each community compares with the next. While Bend has seen the bulk of growth over the last 3 years, Redmond was the fastest growing town in Central Oregon in the second quarter 2019 according to the multiple listing service. Sunriver, Central Oregon's most known resort community, has maintained a relatively stable real estate market over the last 3 years, and Prineville, one of the most hard hit towns during the recession, is now seeing tremendous growth.

Housing Growth In Central Oregon Cities

While...

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What's in the BPRE July 2019 Newsletter?

• Residential Market Update - What's Going On?
• Central Oregon Events
• Commercial Market Update
• What Is a Seller's Market?
• Don't Pay For What You Don't Need

#flipbook-june-newsletter#

What's in the BPRE March Newsletter?

• Can Bend Families Afford to Live in Bend?
• How is the Bend Real Estate Market Changing?
• Commercial Real Estate Market Update.
• Important Lessons and Tips to Know.
• Protecting the Equity of Your Home.
• Boosting Curb Appeal can do Wonders for a Sale!
• And much more...

#flipbook#

Bend Commercial Real Estate Impacted by Lack of Inventory

Historically, our local commercial real estate market trends above the national averages. Our Central Oregon area commands very aggressive CAP rates due to supply and demand; when you put a magnifying glass to our market, we have very little Industrial property For Sale/For Lease and it would appear that the Urban Growth Boundary expansion recently passed will not solve this immediate problem. Our local market in most cases this year has positive absorption rates for office and retail as well. 

What's Up on the National Front?

Our local commercial real estate market trends about a year behind what we experience in the residential market. This is consistently true and while residential real estate sales experienced a sudden recessional impact in 2008, commercial real estate sales stayed consistent until roughly 2^nd quarter 2009 and then fell into distressed "short sa...

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