Since the end of the dramatic downturn in the Bend real estate market which happened during the recession, luxury home sales have been trending up. When 3rd quarter 2016 is compared with 3rd quarter 2006 (which was among the strongest quarters pre recession), 25% more million dollar homes have sold with 70% more in contract. Comparing the same period, there are 18% fewer active listings. And a true indicator of recovery comes with builder confidence. The speculative building of million dollar Bend homes is happening again. During 2016, 31 high end homes valued over $1,000,000 have been built with 9 sold and 7 with sales pending.
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