Posts with tag 'Bend New Homes'
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25
78% of Homebuyers want 3D Virtual Tours - Citing Safety Concerns
For Bend Real Estate sales, 3D Virtual Tours have become an increasingly important tool since the coronavirus outbreak last year. More specifically, homebuyers, sellers, and real estate agents have had to deal with new restrictions and grapple with safety concerns when it comes to exposure to both the original strain of Covid-19, and now also with the even more contagious Delta variant.
Recently both Matterport and Redfin conducted a survey of 1000 home buyers and 1000 home sellers to learn about their current concerns in the home buying and
12
Bend Premier Real Estate | January 2021 Newsletter
What's in the January 2021 Newsletter?
- Bend Real Estate Trends - 2020 Trends and 2021 Predictions
- Winter Hike to Chush Falls
- Why Not Wait Until Spring to Make a Move?
- A Bite...A Drink...And a Wonderful Fire
18
What is the Prediction on Bend Oregon New Construction Prices in 2021?
Bend Oregon New Home Prices Expected to Rise
The demand for Bend Oregon housing over the past year has broken records. With less than a month supply of single family homes for sale, builders have been working hard to bring new product onto the market. However, the demand has not kept up with the supply and more and more buyers are not able to purchase a home they can afford.
Besides the changes that great demand has made to Bend new home prices, there is another important issue connected with housing affordability - the price of lumber. Since the beginning of the pandemic in March when lumber prices dropped initially, the price of lumber has climbed at a tremendous rate, reaching a high of almost $1000 per thousand board feet in September before prices dropped in October. However, with decent weather and great demand, builders continue to build into the late fall and lumber prices are rising again. Traditionally lumber pri...
9
Bend Oregon Real Estate | November 2020 Trends
Bend Home Prices Up And Inventory Levels Down
The Bend real estate trends continued their 2020 pattern in November with prices up significantly over November 2019 and the inventory of available single family homes for sale down. The demand for Bend housing sometimes appears desperate with multiple offers the norm on most new listings and most buyers disappointed as their "highest and best" offer isn't sufficient to "win the home."
Comparing November 2020 with November 2019 sales for Bend single family homes on less than an acre, the following trends can be seen:
- Average sales price up 23.2% to $640,366*
- Median sales price up 24% to $537,000
- New listings down 6% to 126
- Homes for sale down 80.7% to 144
- Pending sales up 96.5% to 336
- Sold homes up 22.9% to 209
- Median days on market down 81.8% to 6
- Months of supply down 84.6% to 2.5 weeks
- Average price per square foot up 18.8% to $316
- Median price per square foot up 18.8% to $297
- Average percentage of list price to sales price up 1.8% to 100.8%
- Dollar volume of closed sales up 51.4% to $133,836,432
More Bend Home Sales Happening Than New Listings Coming Onboard
As has been the case all year, almost every month of 2020 has seen more sales of Bend homes than new listings entering the market. The data shows November had only 2.5 weeks of inventory for Bend homes - a balanced real estate market has 6 months of inventory. With people still moving to Bend, the demand for homes continues to be strong. Within Bend Premier Real Estate, our brokers are finding more and more buyers are willing to look outside of Bend for homes they can afford and can have success in making an offer that is accepted. Prineville is becoming a great option to buyers looking to move to Central Oregon.
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* Data from Central Oregon MLS
22
Need to Sell Your Bend Oregon Home? Bend Premier Real Estate Virtually Markets With Matterport 3D Tours
Keys to Selling Your Bend Oregon House Virtually
In a recent survey by realtor.com, people thinking about selling their homes indicated they're generally willing to allow their agent and some potential buyers inside if done under the right conditions. They're less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process?
In today's rapidly changing market, it's more important than ever to make sure you have a digital game plan and an effective online marketing strategy when selling your house. One of the ways your agent can help...