Bend, Oregon home prices in Q1 2013.
You’ve no doubt heard that the Bend real estate market is hot right now, and here are the statistics to back it up. Since I cannot manage to stay on top of monthly market reports, I’m going to focus on quarterly reports instead.
The median home price at the end of March 2013 was $250,000, up 23.19% from the same time in 2012. The average sales price was $232,130, up 11.28% from the same time in 2012.
In the first quarter of 2013, 383 homes sold in Bend, which is actually a decrease of 9.67% from the same time in 2012, largely because of the low inventory. There are a lot of buyers that would love to buy a home if only they could find the right one. There are also many buyers that have already been priced out of the market. Buyers looking to buy a home for under $175,000 in Bend are having a hard time finding anything. Homes on the market at that price point are typically fixers or are on the small side.
Of the homes that sold in the first quarter of 2013, only 51 were short sales (-56.78% from 2012) and only 24 were bank owned (-76.47% from 2012).
Have you thought about selling your home in Bend or are you curious to know what it’s worth today? Contact me for a complimentary market analysis. No obligation, no pressure, I promise!
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