Bend Premier Real Estate Blog
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Bend Premier Real Estate | May 2022 Newsletter
What's in the May 2022 Newsletter?
- Bend Oregon Real Estate - April 2022 Sales
- Belknap Crater - a Unique Hiking Experience in the Mt. Washington Wilderness
- Myths About Today's Housing Market
- A Tantalizing Wine Experience in Bend
- Give Your Curb Appeal a Boost Before You Sell
5
Three Tips for First-Time Homebuyers
Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you're looking to purchase your first home, you may be wondering what's happening in the housing market today, how much you need to save, and where to start.
Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.
1. Consider Al...
4
Bend Oregon Real Estate | April 2022 Trends
Are Bend Real Estate Sales at a Crossroads?
We have been blogging monthly about Bend real estate trends for many years. Often the data repeats itself month after month and it can feel a bit repetitious. However, since the beginning of 2022, we have noted changes with Bend home sales trends. There may be many things that are contributing to these changes - i.e. inflation, rising mortgage interest rates, the end of the Covid pandemic mask mandates and stay at home orders, the war in Ukraine, and the start of the mid-year election season to name a few. It remains to be seen whether or not these changes will continue as we move into the Bend's peak selling season which runs from mid spring into early fall.
When April 2022 Bend single family home sales on less than an acre are compared with those from April 2021, the following changes can be seen:
- Average sales price up 13.7% to $876,041*
- Median sales price up 17.9...
11
Bend Premier Real Estate | April 2022 Newsletter
What's in the April 2022 Newsletter?
- Bend Oregon Real Estate - March 2022 Sales
- So You Think You Know Doughnuts
- 7 Smart Strategies for Kitchen Remodels
- 5 Tips to Improve Your Listing Photos
8
Bend Oregon Real Estate | March 2022 Trends
Bend Real Estate Sales Up Despite Rising Interest Rates
Mortgage interest rates for a 30 year conventional loan with 20% down have exceeded 5% for the first time in over a decade. Despite the decreased buying power this creates for many, especially first time homebuyers, the March 2022 pending sales of Bend single family homes on less than an acre are up an amazing 108% over the year before. Bend home prices are also up with the median sales price now at $775,000. Bend has become a town of the affluent and while affordability has been an issue for many years, it is now a level never before seen.
When March 2022 is compared with March 2021, the figures for Bend single family home sales on less than an acre are as follows:
- Average sales price up 12.7% to $867,475*