Home Prices Continue Rising in Bend Oregon

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jason boone bend oregon realtor

The Bend Oregon Real Estate Market has been having a great year and home values continue to rise to their highest levels that they’ve reached in the last five years.

As of September 2013 the median home price in Bend was $298,000 and that’s up $33,000 from $265,000 in the month of August.

These numbers are encouraging because the last time we saw a rise in home values like this it was June 2008 but what’s even better than that is that home values have risen month-over-month, for the last five months and this pattern of growth hasn’t been seen since 2006.

What Is Your Home Pricing Strategy?

If you plan on selling your Bend Oregon home soon, have you decided on a home pricing strategy yet?

Price At Market Value – Let’s say that your home is valued at $250,000, one of the best ways to price your home is to price it at its current market value because, this will enable you to find out quickly if it’s overpriced based on the feedback and offers from potential home buyers.

Price Below Market Value – One effective way to price your Bend Oregon home is to price it slightly below market value. For example: if your home is worth $250,000 you could price it at $219,000. This strategy will enable you to let the market determine just what its worth and potentially get you multiple offers.

Price Above Market Value – Sometimes sellers may be inclined to price their homes above market value. For example: Your home is worth $250,000, but you decide to price it at $270,000, or higher. Although this strategy might work during a sellers-market, it might not always work especially when we are in a buyers’ market.

Time To Sell Now Or Wait?

Even though it’s Fall 2014 and winter is right around the corner in Bend there’s never a better time than now to sell your home since homeowners traditionally will hold off on listing their homes during the fall months and this means less competition from other homeowners in Bend who are looking to sell their homes.

For more information about the Bend Oregon Real Estate market, or to view the latest homes for sale in the area, contact me today by calling (541) 383-1426.

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