What's Up with Luxury Homes in Bend?

Posted by Bend Premier Real Estate on Saturday, August 29th, 2015 at 2:30pm.

Luxury Homes in BendThe inventory at the lower end has been extremely limited for months, but what has been the trend with the higher end luxury homes in Bend? Although not as volatile as the lower end, Bend home sales over $500,000 have been solid. According to TrendVision, July 2015 sales in Bend homes over $500,000 are up 346% over July 2012 and 63% over July 2014. The average price of these higher end homes is also up considerably over the same time period – up 29% per sq foot in 3 years and up 7% over 1 year. The building boom in Bend has not been limited to the lower end. Builders are showing confidence again with higher end new homes available for sale up 292% in 3 years and 19% over 1 year. When looking at supply versus sales, the higher end homes in Bend are in a more balanced market with roughly 5 months of supply. There are plenty of higher end homes to choose from, but for sellers who need to sell, there are buyers out there looking to purchase.

 

 

Leave a Comment

The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Bend Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

This content last updated on September 20th, 2019 at 10:14pm PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).