Bend Real Estate Statistics November 2009

Yes you read that correctly, November stats in January. I am incredibly behind. I actually compiled the stats during the first week of December but never posted them. Here goes!

November was a great month for sales. There were 1210 homes for sale, 216 contingent sales, 288 sales pending, and 203 homes sold. The median sales price was $235,500. Compare these numbers to November 2008 when we had 1961 homes for sale, 59 contingent sales, 126 sales pending, and 69 homes sold. The median price was $284,500. Although the median price was lower in November 2009, nearly 3 times as many homes sold as in November 2008.

Of the 203 homes that sold, 80 were bank owned and the sales prices ranged from $40,000 – $702,500. 42 of the sales were short sales with prices ranging from $114,900 – $860,000. About 60% of the sales in November were distressed, either short sales or bank owned. The remaining sales were traditional and prices ranged from $38,500 – $1,700,000. When looking at sales prices, the average % of list price received was 96%. For homes that sold in the first 60 days, it was nearly 100% and slightly declined the longer the home spent on the market.

Here are the complete November 2009 statistics.

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