Bend Premier Real Estate Blog

Bend Real Estate Prices Continue Upward Trajectory

Bend residents who have lived in Central Oregon over the past decade have seen extreme changes in the real estate market. Bend single family home prices escalated during the boom years of 2005-2007 and crashed during the great recession of 2008-2011; the low point for Bend Or real estate was in the winter of 2011. Since this time, Bend housing prices have steadily climbed with roughly 10% gain each year as the market recovered. Today, the prices for Bend homes for sale are back to pre-recession levels with the average asking price for a Bend single family home at $682,000 and the average sold price at $467,000; these figures are 30.9% and 17.6% over the same quarter 2006.*

As prices cont...

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Bend Premier Real Estate at COBA Home Show

If you are planning on attending the Central Oregon Builders Association Spring Home and Garden Show this weekend at the Deschutes County Fairgrounds, stop by and visit us! Our friendly Brokers will be happy to answer questions on any of your Central Oregon real estate needs. Ask about our free search app and take home a stress ball or coffee mug. You will find us in the Bank of the Cascades Center to the right of the entrance next to the Bendistillery booth.

Is it Now Time to List Your Bend Oregon Home?

After the long, hard winter we experienced in Bend, Oregon this past year, some small signs of spring are at last emerging. We saw these crocuses today breaking through the soil and brightening our dormant yard with their beautiful color. These signs of spring, along with our longer days, make us realize that winter may finally be over; for sellers who were waiting for better weather prior to listing their homes  - now is the time!

According to data from Central Oregon MLS, there are less than 2 months supply of single family residential homes in Bend based on pended properties; this includes all homes at all price points. If the $1,000,000 plus properties are taken out of the data, there are under 1.8 months supply. We have buyers looking for homes, and very little for them to purchase. Don't wait for summer to list. Call your favorite

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Home Sales in Redmond Oregon

Real estate sales continue to be strong in Redmond. Despite our difficult winter, data from the Multiple Listing Service of Oregon show that Redmond home prices continue to rise and that housing demand is high. Comparing February 2016 statistics with 2017, the following can be noted:

• The average active home price is up 9.5% to $392,000


• The average sold home price is up 23.9% to $301,000


• The average price per square foot on sold homes is up 18.3% to $168 - the highest figure in 10 years.

There remains a shortage of available homes with only 1.8 months of inventory based on pended sales, down 36.1% from January 2017.

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Bend Home Sales Continue to be Strong

It is with great interest that we reviewed Bend real estate data from January, 2017. This past January has seen some of the most snow on record for Bend, with many school days canceled, roof ice dams common and streets piled with snow which made showing property very difficult. Despite these problems, January 2017 single family residential home sales in Bend under 1 acre remained strong with 4.2% more properties in pending status in January 2017 than were during January 2016. Inventory levels were 19.1% less and 19.8% fewer properties closed, but of the properties available, more entered into contract during our difficult winter weather in 2017 than did in our more temperate weather January 2016.

Bend Home Prices Are Up

Home prices continue to climb with the average price per square foot of January Bend home sales up 4% to $207 per sq...

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