Bend Premier Real Estate Blog

Bend Home Sales Down

We have been following the data and our transitional Bend real estate market is definitely showing downward trends in many categories.  The rapid rise in prices and demand we saw during the covid pandemic were unsustainable and now we are seeing adjustments in home sales, days on market and home prices. The shock of higher mortgage interest rates is mostly over and home buyers are back in the market. And sellers are more realistic with home prices and willing to negotiate terms.

When Bend single family home sales on less than an acre are compared year over year, the following changes can be seen:

• Average sales price down 7.7% to $801,839*
• Median sales price down 12.3% to $680,000
• Average list price up 5.5% to $970,512
• Median list price up 4.7% to $784,950 
• New listings down 27% to 195
• Homes for sale up 21.9% to 217
• Pending sales down 26.5%...

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Suzanne Adkins Has Joined Bend Premier Real Estate

Suzanne has lived most of her life in Oregon including Sunriver, Bend, Eugene, and Sisters. She is an Oregon Registered Professional Geologist - a skill which comes in very handy as a real estate broker. She is also a talented musician, recording producer, and outdoor enthusiast who plays guitar and a really cool-looking stand-up bass.

As an active outdoors person she spends her spare time hiking, cycling, and playing bluegrass music with her talented husband. She serves on Non-Profit Boards for organizations focused on music education and volunteers her time at local animal shelters. She has also been known to help neighbors connect with resources to help control feral cat populations through a TNR program. You may see her out and about playing with her Bluegrass Band, Rock Ridge.

Suzanne's experience includes background in both commercial and residential real estate. As the Corporate Environmental and Prope...

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What's in the Bend Premier March Newsletter?

• Bend Home Prices Coming Down
• Mini Pizza in a Mug
• 8 Easy Steps to Prepare Your Home for Spring
• 2 Things Sellers Need to Know This Spring
• Where Will You Go After You Sell?

Bend Home Prices Coming Down

For many years we have tracked Bend real estate trends and have consistently watched home prices rise year over year.  Since coming out of the housing recession in 2011, Bend median home prices have risen over 465% from a low of $165,210 in December, 2010 to a high of $775,000 in March of 2022. When the Covid-19 pandemic hit, the rate of Bend home price increase accelerated to over 75% in three years.  This rate of increase was unsustainable and since reaching their high last summer, Bend home prices have fallen.

February 2023 was the first month which saw a year over year price reduction in Bend homes.  When  February 2023 Bend single family home sales on less than an acre are compared with those from February 2022, the following changes can be seen:

• Average sales price down 7% to $821,827*  

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What's in the February 2023 Newsletter?

• Bend Oregon Real Estate | January 2023 Trends
• Tuxedo Strawberries Recipe
• 4 Inexpensive Ways to Boost Curb Appeal This Winter
• You May Not Need as Much as You Think for Your Down Payment