Bend Oregon Ranks Number 10 for Home Price Appreciation

Home Appreciation

By Jason Boone

Thanks to a recent report from the Bend Bulletin we know that home prices in Bend Oregon have continued to increase at a fast pace and actually ranked number 10 in the nation for home price increases back in December 2014.

Year over Year Increases

Home prices in Bend actually increased by close to 12 percent in December when compared with Q4 2013.

The statistics come from the Bend-Redmond area.

Although the statistics from December are good news for area homeowners, home prices in Bend have increased by close to 30 percent over the last five years.

As of January 2015 the median home price for a Bend Oregon home was $322,000 while in Redmond the median home price was just $218,000.

Make 2015 Your Year to Buy

During the last three months home prices across the United States have increased by 1.4 percent and are expected to continue increasing as the year moves forward.

If you’re thinking about buying a home in Bend, Redmond or elsewhere in Central Oregon make 2015 your year to buy.

To view the latest homes for sale contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by calling me at (541) 383-1426 or click here to contact me through my website.

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Don’t Overprice Your Bend Oregon Home If You Sell In 2014

home prices

Are you planning on selling your Bend Oregon Home in 2014?

One of the worst mistakes that you can make as a homeowner is overpricing your home because, thanks to the Internet, any home buyer can use the Internet to find out what other homes in your area may be selling for and know within five minutes if your home is overpriced or not.

What Home Buyers Are Thinking

One of the pitfalls of overpricing your Bend Oregon Home is that it will sit on the Real Estate market longer than you expected and when a home is listed for a long time, buyers will begin to think that there is something wrong with that home.

To avoid overpricing your home in Bend you should first do some research online to find out what other homes in your neighborhood are selling for then after consulting with your Bend Realtor you should price your home at a price that’s competitive when compared to other homes in the same neighborhood.

Pricing Strategy

Let’s say that your home is valued at $200,000; you could price it right at $200,000, or just below at $195,000 because, pricing your home slightly lower than its current value will enable you to really leave your home in the hands of the market to determine what it’s worth and you may receive multiple offers from home buyers who have been searching for the perfect Bend Oregon Real Estate and don’t want to miss out on the chance to purchase your home.

The 2014 Bend Oregon Real Estate market is going to be different than it was in 2013 because, mortgage interest rates will be going up gradually thanks to an improving economy and that means there may be fewer buyers on the Real Estate market who have been able to get a mortgage loan, this is why you must be absolutely sure what your home’s value is before you decide to list it.

For a free home value consultation contact me today by calling (541) 383-1426 or click here to contact me online. 

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