How the Pandemic Dramatically Affected Bend Real Estate When the pandemic hit last March, we were prepared for the worst. Still flinching from the apocalyptic economic crisis we endured in 2008, which was especially hard on the local real estate industry in Central Oregon, we were bracing for something similar. Destination mountain towns like Bend […]
Q&A with Mollie Hogan, Principal Broker, CRS I’ve been hearing about the limited inventory in Bend. Does that mean it’s a good time to sell? Yes, it’s a great time to sell. Prices have increased, and lower inventory means you are likely to receive an offer quickly. However, and this is an important caveat: you need […]
Finding a home for sale in Bend continues to be challenging for buyers who are competing for an extremely limited inventory of active listings. The available inventory dipped to another new low in November, down from 0.6 months in October to 0.5 months. To compare that inventory metric, there was 3.1 months’ worth in November […]
Available Inventory Shrinks to Record Low While an all-time high of the median price of a Bend home is certainly the headline this month, there are other metrics we track that illustrate how truly dynamic the residential real estate market in Bend just is right now, even during a pandemic. The median home price in […]
Real estate activity in Bend picked up last week after a relatively quiet week prior based on the data we are gathering and analyzing weekly during the COVID-19 quarantine. Last week’s increased activity helped level some of the downward trends of residential real estate activity we have seen over the past eight weeks. Compared to […]
First of all, thank you for your calls and emails with questions about the Bend real estate market during this unprecedented time. As many of you know, we’ve ramped up our analysis of the local real estate market by tracking weekly data, which is helping us spot trends even more quickly than we usually do […]
We have just received the newest weekly data on the Bend real estate market and wanted to provide you with a quick analysis. As expected, most real estate activity has declined during the COVID-19 pandemic, but the local real estate market is not at a stand-still. Understandably, there are fewer new listings and fewer homes […]
The median home price in Bend rose to $460,000 in February, an increase of 3% from January, and the highest since October 2019, when it was $471,250. Year over year, this is an increase of 7% in the median price of homes sold in Bend. Like January, February was an active month for new listings, […]
If you’ve lived in Central Oregon for many years like our team has, you know firsthand we can quickly go from living in a Winter Wonderland to balmy, mild days in “June-uary,” an interchangeable nickname for either a warm January or a cool June. With the holiday season behind us, and the promise of a […]
How much did Snowpocalypse 2019 affect the Bend-area real estate market? Not as much as you might think. Key indicators from the most current market trend data show a consistent, healthy real estate climate in Bend despite the record snowfall we received in February. Although the number of homes sold was down 14% from January […]