Tagged : Bend home sales

Found 16 blog entries tagged as "Bend home sales".

Central Oregon Real Estate Sales Feeling Impact of Covid-19 Pandemic

Bend Premier Real Estate

The March 2020 real estate trends have been published and they reflect both the start of the Covid-19 pandemic and the closings from strong February home sales. Central Oregon schools shut down Friday, March 13th and stay at home became the norm the following week.  Since the start of the pandemic, home sales have dropped, new listings have slowed, and more sale fails than normal have occurred, often due to buyers losing jobs and no longer qualifying for loans.  However, Central Oregon real estate sales are still happening, although at a different rate than normal for this time of year.

Bend Home Sales Mixed

When March of 2020 is compared with March of 2019 for the sales of

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Will Surging Unemployment Crush Home Sales?

Will Surging Unemployment Crush Home Sales? | MyKCM

Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist those who have lost their jobs and the companies which were forced to close (think: your neighborhood restaurant). In a recent interview he said:

“This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole.”

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Lack of Inventory Impacting Bend Real Estate

Bend Homes for Sale

A mild winter and continued high demand has led to a boom for February 2020 home sales in Bend. When the February 2020 sales of Bend single family homes on less than an acre are compared with February 2019, the following changes can be noted:

  • Homes for sale down 36.7% to 252*
  • Homes sold up 17.6% to 127
  • Homes pended up 51% to 219
  • Average price per square foot up 7.3% to $265
  • Average days on market up 10.1% to 131
  • Sold/Original listing price difference percentage unchanged
  • Average active price up 13.2% to $771,000
  • Average sold price up 11.7% to $564,000
  • Months of inventory  down 46.1% to 2

Bend Home Sales Not Following Normal Trends

Winter is typically a slower time

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Bend Home Sales Surging

Bend Oregon Real Estate

The Bend real estate market has been strong since coming out of the recession.  However, the figures from January 2019 were beyond expectations with the number of new ratified sales contracts hitting new highs.

When January 2019 is compared with January 2018, the following trends can be noted for Bend single family residences on less than an acre of land:

  • Homes for sale were down 29.6% to 269*
  • Homes sold up 3.1% to 131
  • Homes pended up 24.6% to 177
  • The average price per square foot on sold home was up 6.1% to $259
  • The days on market were up 1.6% to 130
  • The sold/original listing price difference was up 1.1% to 96%
  • The average active price was up 5.8% to $752,000
  • The average sold price was up 6.7%
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Bend Home Sales 2019 Show More of the Same

New Years 2020As we move from 2019 to 2020, it is always good to look back and see how the sales from one year may affect the next. For Bend Real Estate in 2019, the trends provided more of the same with lack of inventory impacting home prices, days on market and closed sales.

When the 2018 figures from Bend single family homes sales on less than an acre are compared with those from 2019, the following can be seen:

  • The numbers of homes offered for sale were down 17.2% from 396 to 328 at the end of the year
  • The numbers of homes sold were down 4.2% from 2452 to 2352
  • The number of homes pended were down .8% from 2417 to 2397
  • The average days on market were unchanged at 103
  • The sold/original listing price
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A Surprising Number of New Bend Home Sales in November

Bend Premier Real EstateTraditionally as the weather cools and we move toward the end of the year, Bend home sales decrease. There are fewer buyers actively looking for homes in the winter and the holiday celebrations of most families impact real estate sales.

This year, however, there has been a large uptick in the number of Bend homes which went into contract during November.  When Bend single family home sales in November 2019 are compared with those from November 2018, the following changes can be noted:

  • The number of homes for sale are down 10.5% to 408*
  • The number of homes sold are down 1.8% to 167
  • The number of homes pended are up 23.6% to 183
  • The average price per square foot on sold homes is up
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Is the Bend Real Estate Market Overpriced?

Leap into 2018 Bend Real Estate Trends

The figures are out and the trends we have been following over the past year were again seen in the December 2018 Bend residential real estate sales figures. December 2018 saw a dramatic reduction in Bend home sales on less than an acre compared with December 2017:

  • Numbers of homes for sale down 10.4% to 396
  • Numbers of homes sold down 15.9% to 159
  • Numbers of homes pended down 14.4% to 131
  • Average price per square foot on sold homes up 3.8% to $244
  • Sold price to original listing price difference down 2.1% to 95%
  • Average days of market up 2.8% to 111
  • Months of inventory up 8.6% to 2.5 (based on closed sales)
  • Average active price up 5.6% to $701,000
  • Average sold price up 14.3% to
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Bend Real Estate Trends Mixed in November

Bend Real Estate Homes For SaleThe data has been published and Bend single family home trends show mixed results for November. When Bend home sales from November, 2018 are compared with the sales from November, 2017, the following changes can be seen:

  • Homes for sale down 7.3% to 456
  • Homes sold down 16.7% to 170
  • Homes pended up 4.1% to 153
  • Average price per sq ft up 6.6% to $243
  • Average days on market up 9.6% to 114
  • Average active price up .9% to $663,000
  • Average sold price up 11.7% to $516,000
  • Median sold price up 11% to $433,000
  • Months of inventory up 12.4% to 2.7*

Why are Bend Home Sales Slowing?

Closings were down significantly in November which can be contributed to the softening Bend home sales

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Bend Oregon Home Sales Show Mixed Trends

Bend Oregon Real Estate TrendsWe have noted for the last few months that residential home sales trends in Bend have been changing.  The figures for October, 2018 reflect this change in a manner that we have not seen for some time.  While prices continue to rise, sales have dropped off significantly. The following data compares Bend single family home sales in October 2018 with those from October 2017:

  • Homes for sale down 12.9% to 505
  • Homes sold down 5.2% to 221
  • Homes pended down 16.1% to 188
  • Average price per square foot up 7.7% to $252
  • Average days on market down 1% to 104
  • Sold/Original listing price differential down 2.1% to 95%
  • Average active price up .9% to $641,000
  • Average sold price up 9.3% to $516,000
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Bend Real Estate In Spring Selling Season

Bend real estate trends

The April figures are out and the spring selling season has hit! Buyers are offering on the existing inventory and multiple offers on well priced homes are the norm rather than the exception. The trends are also showing a strong market for Bend homes for sale and home sales continue to rise.

The figures for April 2018 on Bend single family homes on less than an acre compared with April 2017 are as follows:

  • Homes for sale up 7.7% to 459
  • Homes sold up 3.9% to 554
  • Homes pending up 4.5% to 672
  • The average price per square foot for sold homes up 8.2% to $238
  • The average active price is down 4.7% to $650,000
  • The average sold price is up 6.5% to $494,000
  • The months of inventory based on
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© 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Bend Premier Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Bend Premier Real Estate. Data last updated: May 25th, 2020 at 10:45am PDT.