Are Bend New Home Prices Leveling Off?

Posted by Bend Premier on Friday, March 23rd, 2018 at 9:41am.

Bend Oregon New Construction TrendsBend New Construction 5 Year Trend

For the past few years, we have been reporting that Bend home prices have been rising. From almost no new construction during the great recession to now where it appears that new homes are being built all over town, Bend has recovered from the downturn. New home trends in Bend have gone from $430,000 to $591,000 asking price (up 37.5%) and $315,000 to $522,000 selling price (up 65.7%) over the past 5 years.*  Ask any builder and they will tell you that land prices, rising material costs and labor shortages have driven the price of Bend new homes.

Bend New Construction Price Trends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Bend Oregon New Homes Prices Steady

Compared with the last 5 years, there appears to be a change in asking prices for Bend new homes. From the peak asking price last April of $663,000. the average price since then has varied between $577,000 and $600,000 with the trend line flattening. Even allowing for seasonal variations going back 5 years, the decrease in the upward trend for the asking price seems to be holding steady.  Does this mean that we have reached the top in Bend?  We will keep following the trends this summer and see how the peak selling season impacts new home sales.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*data from Central Oregon MLS 

Leave a Comment

The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Bend Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

This content last updated on May 21st, 2018 at 3:29am PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).