Bend Tops List of Small Cities for Remote Work in 2021
When we shared a blog with you back in March of 2019 about Bend being a destination for remote workers, we had an idea this trend would continue, but couldn’t have imagined that how—and where—people work would be dramatically affected by a pandemic a year later. Even more surprising to us in 2020...
Median sales price stops upward trajectory
As summer peaked in August, the Bend, Oregon, real estate market downshifted with sales data taking a step back from recent months. The median sales price decreased and inventory and average days on market increased in August. That’s not to say, however, that the Bend real estate market started to...
August 2021 Market Trends Show Increased Inventory in Bend
Available Inventory and Median Sales Price Rise After a year of an unprecedented low inventory of homes for sale in Bend, available inventory is at its highest since July 2020. Last month, the number of homes for sale in Bend almost doubled from 0.6 months’ worth in June to 0.9 months’ worth in...
Goodbye, $600,000 … Hello, $700,000?
Before July 2020, the median sales price of a home in Bend hadn’t reached $500,000. It hadn’t touched $475,000, for that matter. Thirteen months later, it’s soared past $500,000, sped beyond $600,000 and lies as close to $700,000 as to $650,000. In the 13 months since the end of June 2020, the...
July 2021 Market Trends for Bend, Oregon
Sales Activity Keeps Up with Increase of New Listings The brisk pace of home sales in Bend continues to match—and exceed—the incremental increase of active listings month-by-month. In June, the number of Bend homes for sale increased 27% compared to May, but these 156 active listings are...
Higher-end homes contribute to record median sales price
Looking at sales data for June, the most striking thing might not be another record median sales price in the Bend, Oregon, real estate market. Instead, it might be the composition of the two most active price tiers. Homes in the $525,100 to $625,000 tier had the most sales – 64. The price tier...
June 2021 Market Trends for Bend, Oregon
Although we continue to see an uptick of new listings, the supply still isn't coming close to meeting the demand for a home in Bend, and the median home price is up a massive 40% year-over-year. There were 269 homes listed in May, a 2% increase from April, and a 4% increase from May 2020. However,...
Some loosening of supply, but demand still fierce
Although the median sales price of a home in the Bend, Oregon, real estate market was down slightly in May compared with April – to $628,250 - the year-over-year median price showed a sizable increase. That was only one piece of data indicating that, even if some loosening of the area’s tight...
Foreclosure rates low, despite what you might have heard (or assumed)
As home prices in Bend have reached unprecedented heights in the last several months, I am increasingly hearing worried whispers about foreclosures. I’ve been asked about the possibility of a wave of foreclosures striking our area. I’ve heard acquaintances state as fact that foreclosures are on...