How High Can Bend Real Estate Prices Go?

The demand for Bend single family homes has not dropped off and the data from May, 2018 shows that home prices continue to rise. Homes priced well are often experiencing multiple offers which drive the price up. While new homes are being built, they are also being sold quickly and the average days on market has dropped.  The following shows the figures comparing Bend single family homes from May 2018 with May 2017:

• Average days on market down 3.9% to 98
• Number of homes for sale up 10.2% to 542
• Number of homes sold down 0.9% to 220
• Number of homes pended up 6.9% to 249
• Average price per square foot up 4.3% to $240
• Months of inventory based on closed sales up 13.5% to 2.5
• Average active price down 2.7% to $656,000
• Average sold price up 9.7% to $498,000*

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Bend Premier Real Estate Bite of Bend June 15-17

Bite of Bend is an established Bend festival which welcomes in the summer each June. It combines cuisine and culture by offering such activities as bites from local chefs, the Mixology Showcase where the final bartenders battle in the Bartender Brawl. There is the The Beer Run,  Little Hopper Root Beer Run,  Top Chef Competitions & cocktail classes as well. Chefs, bartenders, brewers, cooks, and food enthusiasts from all over come and enjoy the event. Last...

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Bend Premier Real Estate Bite of Bend June 15-17

Bite of Bend is an established Bend festival which welcomes in the summer each June. It combines cuisine and culture by offering such activities as bites from local chefs, the Mixology Showcase where the final bartenders battle in the Bartender Brawl. There is the The Beer Run,  Little Hopper Root Beer Run,  Top Chef Competitions & cocktail classes as well. Chefs, bartenders, brewers, cooks, and food enthusiasts from all over come and enjoy the event. Last...

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Bend Oregon Luxury Home Sales Growing

The trends are showing that the number of luxury homes in Bend are growing with strong figures in almost all categories. Since coming out of the recession, home prices in Bend have gained each year, but now more of the Bend real estate market is reflected in the million dollar or more price point than ever before.

The last 12 months reflect 35.8% more million dollar single family homes were sold in Bend than the year before, which was up 41.8% over sales in 2016. At the same time, new listings were up 25.7% in 2017 (171) and 54.4% in 2018 (264).*

In contrast to the added growth in sales in the million dollar plus Bend home, the months of inventory are dropping, reflecting that the homes which h...

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Bend Real Estate In Spring Selling Season

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 closed sales is up 26.3% to 2.4*

Some o...

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