Bend continues to be a destination for many west coast Americans thinking of relocating from an urban setting to one less congested and more conducive to an outdoor lifestyle. Relative to home prices in the Seattle, Portland, or the Bay area, Bend real estate is still a bargain, although long time residents may find that current price trends are beyond what they ever imagined. When 2016 Bend home sales are compared year to date with sales from 2015, the number of listings sold are similar, but the average sales price is significantly higher. The average year to date cost of a Bend single family home on a lot less than an acre was $381,120 in 2015; for 2016 the cost is $409,787. The median cost in 2015 was $320,000 and in 2016 the median cost is $352,000.* And if trends continue, the total value of single family homes sold in Bend for 2016 may push $1,000,000,000.
*Source - Central Oregon Association of Realtors
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