Here are the Bend real estate market statistics for December 2012. There are currently 439 homes for sale, 50 contingent sales, and 330 pending sales. Of the homes currently on the market, only 25 are short sales and only 14 are bank owned. 91% of the homes for sale are traditional sales.
164 homes sold in December with a median sales price of $257,250. Of the homes that sold, 15 were bank owned, 28 were short sales, and 121 were traditional sales, so 74% of the sales were traditional, non-distressed sales. The average percentage of list price received on homes that sold was 98%.
One segment of the market that is doing very well right now is new construction. Just looking at homes built in 2012, there are 107 homes for sale, 95 pending sales, and 21 sales occurred in November. The median sales price was $315,000.
The inventory of homes for sale in Bend, Oregon is really low right now. We have 3 months of inventory, meaning if we don’t see any new listings, our supply of homes will be sold in 3 months. Low inventory and high buyer demand is pushing home prices upward. In the last year, the median sales price in Bend increased from $200,000 to $230,000. If you’ve been thinking of selling your Bend home, please contact me for a market analysis. Even if you’re underwater, with the recent extension of the Mortgage Forgiveness Debt Relief Act and Total Property Resources’ HALO Program, you have options available to you.
Search all Bend, Oregon homes for sale, view market statistics, or find out what your home is worth by visiting my website: www.findbendhomes.com