Posts with tag 'bend real estate'
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Even Bambi Knows We Can Find You the Perfect Home
We Know Bend Oregon Real Estate
Even the wildlife knows that Bend Premier Real Estate is the brokerage to use to find your perfect home. If you or any of your "friends" are looking for Bend real estate, give us a call today!
10
Bend Oregon Real Estate | July 2017 Trends
Bend Home Sales Remain Flat While Prices Rise
July 2017 single family home sales followed the trend set in April - consistent and steady. Although there was a significant increase in inventory, the actual closed sales were down 3.2% from the year before and the pended sales were unchanged from 2016.
The chart below shows that Bend single family home prices continue their upward trend with the average price per square foot now at $247. This is a figure never seen before in Bend and may be a contributor to the decrease in the number of new sales.
Home prices continue to rise following the trend over...
11
Bend Oregon Real Estate | June 2017 Trends
Bend Real Estate Trends Mixed
The Bend real estate trends from June reflect a changing market. Although the inventory levels are finally ticking in the right direction, the 2.4 months of Bend single family home inventory now available are still significantly below a balanced market where 6 months of inventory is considered healthy. Bend residents can see the evidence of new home construction throughout the town and when June, 2016 is compared with June, 2017, the 2.4 months is up 14.2%. Positive movement, but still not where we need to be.
However, the trends are mixed when you compare actual sales. Comparing June 2016 with June 2017 Bend home sales provide the following data:*
21
Bend Oregon Real Estate | May 2015-2017 Inventory Trends
Inventory Levels of Bend Homes for Sale Remain Very Low
Ever since coming out of the recession, we have written about Bend's lack of housing. Before the recession, Bend was known as the sixth fastest growing city in the United States with a population over 50,000. During the housing boom of the mid 2000s, speculative building occurred all over the city, but we rarely discussed lack of inventory. People who wanted a home could purchase one, although many bought through easy credit which ended up facilitating the housing meltdown of the late 2000s. Once the crash happened, home values fell nearly to half of what they had been.
Bend is back. Home values have escalated to pre-recession prices and are now creeping higher. Bend is once again the 6th fastest growing city in the United States and its population now exceeds 90,000. However, building has not kept up with the demand. As the chart below shows, invento...
15
Bend Premier Real Estate Now Advertising at the Redmond Airport!
The next time you are at the Redmond Airport, check out the new kiosk in the baggage claim. Bend Premier Real Estate has a prominent presence on this kiosk. We plan to feature our Luxury Collection of beautiful homes in this location, rotating through these listings on a regular basis and exposing these stunning properties to all the visitors coming to and from Central Oregon. Let us know what you think about our display!