Bend Oregon Luxury Homes Sales Show Growth
During the recession of 2008-2012, Bend home sales trended toward the low end. Many Bend home buyers in this period were first time home buyers purchasing foreclosed or short sale homes, investors picking up rental properties at value prices, and people moving to the area purchasing Bend homes with cash. The high end luxury market was close to non existent with only one Bend home over $1,000,000 selling in February, 2011.*
Five years later, Bend luxury homes sales have recovered. In the last 3 years, pending sales for homes in Bend listed over $1,000,000 on less than one acre show consistent increasing numbers of homes entering into real estate contracts. The chart below clearly identifies the trend for the Bend luxury market.
If you were thinking of purchasing a Bend luxury home, our Premier Brokers are happy to help. Give us a call today at 541-323-2779.
*Data from the Multiple Listing Service of Central Oregon.
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