November was a slow month with only 69 homes selling compared to 132 home sales last November. There are still a lot of short sales and bank owned properties getting attention but they’re not the only homes selling.
The home that sold for $150,000 was not a short sale or banked owned property. It was a 3 bedroom/2 bath, 1108 sq. ft. home in NE Bend with a motivated seller that priced their home well and it sold in 48 days. That sales price equates to $135/sq. ft. Take a peek at the home: http://coar.rapmls.com/scripts/mgrqispi.dll?APPNAME=Centraloregon&PRGNAME=MLSLogin&ARGUMENT=%2Fed2a85PExTLX6L7HCOW1IENdwKYxTgmSou%2BmXj1Nm0%3D&KeyRid=1
The only home to sell in the $550,000 – $599,000 range was a 3 bedroom/2 bath, 2239 sq. ft. home in Sunrise Village on a 0.83 acre lot with Cascade Views. This home was only on the market 35 days and sold for $599,000 at $267/sq. ft. The average sales price per sq. ft. in Sunrise Village is $254. I believe the oversized lot and Cascade views helped this home sell. http://coar.rapmls.com/scripts/mgrqispi.dll?APPNAME=Centraloregon&PRGNAME=MLSLogin&ARGUMENT=%2Fed2a85PExTLX6L7HCOW1FKxupIstQx%2BO1ZyUT0lrco%3D&KeyRid=1
In the $850,000 – $899,000 range, a 3 bedroom/3.5 bath, 4006 sq. ft. home on Awbrey Butte sold for $895,000 after 99 days on the market. This breaks down to $223/sq. ft. This was a wonderful contemporary style home but it did not have Cascade views and this price wasn’t a steal by any means. I think the key to this home selling was the unique factor: it was a sleek contemporary style and in addition to a 3-car attached garage it had a detached 2-car garage and was recently renovated. http://coar.rapmls.com/scripts/mgrqispi.dll?APPNAME=Centraloregon&PRGNAME=MLSLogin&ARGUMENT=%2Fed2a85PExTLX6L7HCOW1O3nJR21Eh4CxCz62DMMGuU%3D&KeyRid=1
Now for the million dollar babies. 2 homes sold over $1million last month. One was a 5 bedroom/4 bath, 4132 sq. ft. home recently remodeled on State St. Location, location, location. It was on the market 469 days but did sell for $1,020,000 at $246/sq. ft. http://coar.rapmls.com/scripts/mgrqispi.dll?APPNAME=Centraloregon&PRGNAME=MLSLogin&ARGUMENT=AiXq%2FPOXJDwfSclTsWLH%2BUr3T2xBuGVleUlNCW5Qno0%3D&KeyRid=1 The other is what I call the quintessential Awbrey Butte home. Northwest lodge style, Cascade views, 3 bedrooms/2.5 baths, 4180 sq. ft. sold for $1,175,000 after 155 days on the market. Price per sq. ft. was $281. http://coar.rapmls.com/scripts/mgrqispi.dll?APPNAME=Centraloregon&PRGNAME=MLSLogin&ARGUMENT=%2Fed2a85PExTLX6L7HCOW1G7c1201kI%2FwcSxTMOLQoOc%3D&KeyRid=1
If you would like more information on homes that sold in a particular price range, email me your questions and I can provide info similar to what I’ve listed above.
Here are the complete November 2008 Statistics: November 2008 Statistics