Posts with tag 'bend home prices'
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9
Bend Premier Real Estate | November 2022 Newsletter
What's in the November 2022 Newsletter?
- There are Many Questions with Bend Home Sales
- Green Lakes in the Fall
- Home for the Holidays - Thanksgiving
- Bend's Next Best Taco?
- Homeownership Wins Over Time
7
Bend Oregon Real Estate | October 2022 Trends
There are a lot of Questions with Bend Home Sales
As we published last month, the Bend real estate market is in transition. The steep rise in mortgage rates and continued home price increase has impacted Bend homebuyers to the point where home sales have slowed beyond normal seasonal levels. It is as if the brakes have been hit and all onboard are bracing for an impact. What that eventual impact will be remains to be seen.
When October, 2022 sales of Bend single family homes are compared with those from October, 2021, the following changes can be noted:
- Average sales price up 6.4% to $823,360*
- Median sales price up 4.4% to $680,000
- Average list price up 17.6% to $934,365
- Median list price up 4.7% to $725,000
- New listings down 23.2% to 129
- Homes for sale up 34.5%...
19
Bend Premier Real Estate | October 2022 Newsletter
What's in the October, 2022 Newsletter?
- The Brakes Have Been Hit with Bend Home Sales
- Fun Facts You May Not Know About Halloween
- Horrifying Design Trends 2022
- The Journey to Buy a Home
10
Bend Oregon Real Estate | September 2022 Trends
The Brakes Are On With Bend Real Estate Sales
Ask any real estate agent across the country about the current state of the market, they will tell you things have changed dramatically since earlier in the year. Ask a Bend Premier Real Estate Broker about the local market, they will tell you that it is as if the brakes have been hit stopping a jet plane. The fed's increase in interest rates is being done to curtail inflation. When it comes to the housing industry, this tightening is working. Bend home sales are falling, days on market are rising, yet home prices are still up. Mortgage interest rates are now approaching 7% for a 30 year fixed, a figure which hasn't been seen since 2002. Each percentage increase in interest rates reduces homebuyer's buying power by 10-12%. As the number of pending...
12
Bend Premier Real Estate | September 2022 Newsletter
What's in the September 2022 Newsletter?
- Number of Bend Home Listings Down
- Canyon Meadow Loop and Three Fingered Jack Hike
- Prep Your Home for the Season
- Here's Why its Still a Seller's Market