July 2008 Real Estate Statistics

I compiled the July 2008 real estate statistics and again, not much has changed. What really stands out is the fact that there were zero homes contingent, pending or sold in the $850,000 – $1,000,000 price range but 114 homes for sale. We’re still seeing the most activity in the $200,000 – $250,000 range and really, even homes priced up to $400,000 are selling. Overall in the month of July, 81 contingent offers were accepted, 169 homes were pending, and 114 homes sold in Bend. Only 18 of those sales were homes priced over $500,000. There are 2460 homes for sale, most of them in the $200,000 – $400,000 price range. The median sales price for July was $297,500. This is down from the June median price of $319,000 but in June, we saw 29 homes priced over $500,000 sell compared to 18 last month. The median sales price for sales this year is currently around $308,000.

I’m impressed with the number of quality homes currently available for around $200,000. I’m not even talking about short sales or bank owned properties. There are brand new homes for sale priced from $169,900.

 

 

Active

Contingent

Pending

Sold

     July

2460

81

169

114

     June

2301

82

180

119

     May

2132

 70

193

115

    April

2003

 

201

102

 

View the complete July statistics here:  July 2008 Real Estate Statistics

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