Annual Real Estate Trends

   Annual Market Study – Full Report

Data Source

This market study was compiled from information provided by the Multiple Listing Service (MLS) of Central Oregon.  Although not all property exchanges and transactions take place as a part of the MLS system, it does include a significant majority.

Area

This report includes properties within the Bend Urban area and closely surrounding areas.  It does not include any other areas of Central Oregon.  Redmond, Sunriver, Sisters or other communities are not included.

Time

This report was prepared in January of 2017 and includes sales figures and data from 2005 through 2016.

Report Includes

This report is divides into sections by property type, including: Bend Homes, Homes on Acreage, Condominiums and Townhomes, Residential Lots, Lots on Acreage and Multi-Family Units.

Days On The Market

Number of days from the listing date to the close of escrow.  Including the escrow period which typically ranges around 30 to 60 days.

Single Family Homes

Single family homes predominantly within the Urban area and situated on sites of approximately one acre or less.

Homes on Acreage

Single family homes within and outside of the Bend Urban area on sites larger than one acre.

Condominiums & Townhomes

Attached and/or zero lot line detached dwellings primarily within the Urban area.

Residential Lots

Bare residential building sites of one acre or less.

Residential Lots on Acreage

Bare residential building sites of two acres or more.  For this data set, individual transactions were reviewed for accuacy.  In some cases individual transactions were eliminated from the data pool to more reliably relfect the market trend of residential building sites.  Listings that were entered into MLS for comparable purposes, and/or transactions that appeared to include large parcels of developable land not sold as residential land on acreage were excluded.

Multi-Family Residential

Residential duplexes up to large apartment buildings.  Primarily duplexes, triplexes and quadplexes.

Section Average vs. All Area Average

These charts compare the data from each of the four sections of the Bend Urban area, including: NW, SW, NE & SE to the data that includes all four areas.  To faciliate the interpretation of the graph, a blue bar representing the all area value is included next to each bar indicating the specific area being reported.