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...
April 2021 Market Trends
Available inventory at all-time low and median home price at all-time high despite influx of new listings in March The weekly and monthly data we have on Bend, Oregon, residential real estate continues to tell the same story that it has for months. The median home price is at an all-time high and...
Earth Day 2021 in Bend: Pathways to Pollination
Connect your garden to the Pollinator Pathway with complimentary seed packets Earth Day is April 22, 2021, and this year we’re celebrating by focusing on the vital role that pollinators play in keeping our ecosystems healthy. Most of us know that populations of pollinator species like bees,...
Sales prices again exceed list prices
You can choose your own statistic to illustrate buyers’ demand in the Bend, Oregon, real estate market. There’s median sale price, inventory of homes on the market, average days on the market and others. Another data point illustrating the fierce demand for homes in Bend is the average sales price...