The Bend, OR median sales price increased 6% to $440,000. The number of homes sold is down 24% from this time last year, which is not surprising at all considering inventory is also down 20%.
The monumental difference between 2007 and today is the absorption rate, which is the rate at which available homes are sold in a specific market during a given time period. Traditionally, anything above 20% is a seller’s market. In the winter of 2006-2007 the absorption rate hovered around 9% for 6 months straight. This winter, 2018-2019, our absorption rate has been bouncing between 46% and 35%, with a dip in February down to 26%.
The Brundage Smith team is honored to be representing an enclave of 28 contemporary homes designed by Darren Thomas Architecture and built by BendTrend Homes in the award-winning Tetherow neighborhood in Bend, OR. Surrounded by common space and adjacent to the Deschutes National Forest, these homes offer coveted privacy and are the perfect launchpad to […]
2/12/2019 By Elliot Njus | The Oregonian/OregonLive The Oregon Senate on Tuesday approved a proposal for a first-of-its-kind statewide rent control policy, as well as new restrictions on evictions without cause. Senate Bill 608 now heads to the Oregon House, where it’s expected to have an equally friendly reception. With the bill’s expected passage, Oregon would […]
http://www.bend.k12.or.us January 29, 2019 – (Updated 2/13/19) Bend-La Pine Schools Superintendent Shay Mikalson approved the adoption of new Bend-area elementary school attendance areas, set to take effect in the fall of 2019. “These new elementary school attendance areas will balance enrollment and reduce pressure felt at the district’s overcrowded elementary schools while providing an attendance […]
Press release January 15, 2019/PRNewswire – Zillow announced its predictions for the hottest housing markets in 2019 and San Jose, CA claimed the top spot for the second year in a row. To find the hottest housing markets, Zillow looked for places where they expect home values and rents will outpace the nation in 2019, […]
Compared to this time last year, the average sales price increased 7.89% to $501,486 and the median sales price increased 7% to $427,000. While we do see signs that the rate of appreciation is slowing, home values are still increasing.