Posts with tag 'Bend Premier Real Estate Brokers'
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Bend Oregon Real Estate | 2023 Trends and 2024 Predictions
Bend Real Estate Sales Were Limited in 2024
Probably the biggest challenge for Bend Home Sales in 2024 was mortgage interest rates. Mortgage rates started the year at 6.48% and ended the year at 6.62%. During the middle of the year, the mortgage rates rose to 7.79% which greatly limited the buying power for most Bend homebuyers who needed to finance in order to purchase. Home sales in Bend continued, but at a greatly reduced rate than experienced during Covid when mortgage rates under 4% were normal.
High mortgage rates also kept many Bend home sellers from listing. The thought for many was why sell and give up a great mortgage rate of less than 4% to exchange to one over 7% on a different home? Many Central Oregon real estate brokers discovered that many listings were limited to just those who had to sell for a job tra...
6
Bend Oregon Real Estate | November 2023 Trends
Bend Home Sales Slow
There is a seasonal slow down experienced every fall for Bend real estate sales. When school starts, many would-be Bend home buyers focus on other things. While retirees and second home buyers may be active in early to mid fall, once Thanksgiving comes, the number of Bend real estate sales drop as both buyers and sellers tend to concentrate on holiday activities with home sales secondary to celebrating the season. In 2023, however, the annual slow down for Bend home sales typically seen in November was exceptional. When November of 2023 is compared with November of 2022, Bend single family home sales on less than an acre reflect the following:
- Average sales price up 3.5% to $859,650*
- Median sales price up 1% to $702,750
- New listings down 26.1% to 82
- Homes for sale down 29.9% to 281
- Pending sales down 18.7% to 87
- Sold homes down 24.1% to 104
- Average days on market up 22% to 50
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Bend Premier Real Estate | November 2023 Newsletter
What's in the November, 2023 Bend Premier Newsletter?
- Bend Real Estate Sales Lacking Listings
- Brussel Sprout Slaw with Apples and Pecans
- 10 Tips to Help You Prepare for Thanksgiving
- Hike to Broken Top From Todd Lake
- The Benefits of Buying a Multi-Generational Home
10
Kerry Knouse Joins Bend Premier Real Estate
Kerry Knouse has joined Bend Premier as a Principal Broker. Kerry brings over 10 years of experience representing buyers and sellers. Kerry had a long career in construction prior to becoming a real estate agent and really understands the Central Oregon market, including its varied neighborhoods and communities. Bend Premier is pleased he has joined us. To read more about Kerry, click on Kerry's website.
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Bend Premier Real Estate | October 2023 Newsletter
What's in the October, 2023 Bend Premier Newsletter?
- Bend Home Sales Down While Rate of Price Increase Drops
- Butternut Squash Soup
- Beginning with Pre-Approval
- Hike Pamelia Lake to Grizzly Mountain
- Explaining Today's Low Housing Supply