Category bend oregon real estate
Beacon Appraisal Group compiles monthly statistics for the Bend real estate market and they just posted Q3 2020 Statistics. According to Beacon, “in the last quarter, the median sale price for a single family residence (SFR) in Bend spiked to over $500,000 ($529,000 in July) and finished at $547,000 in September.” It was hovering around $450,000 […]
We are happy to report that the market activity increased substantially in mid-May and the market seems to have rebounded. We are in the midst of one of the most active summer selling seasons we’ve experienced in years. While we are still struggling to find homes for buyers as a result of low inventory, new listings have increased and pending sales are up.
We have been fielding many questions about the effect of the coronavirus on the real estate market. If only we had a crystal ball that could reveal where we are headed! Without that we are left to our educated predictions. We entered Q1 2020 with a robust real estate market, healthy lending environment and robust […]
Bend Real Estate Statistics Q1 2020 Welcome to our Bend Real Estate Market Update for the First Quarter of 2020. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702 and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based […]
Hello to all of our friends, valued clients, and blog readers. We hope that you are all healthy and able to stay positive and sane through this crazy time. We thought we would give you an update on our business and about how COVID-19 is affecting the real estate market and industry as a whole. […]
Welcome to our Bend Real Estate Market Update for the year 2019. These Bend real estate statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702, and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from […]
Bend, Oregon home values continue to rise. Compared to this time last year, the median sales price increased 6.5% to $449,995.
This charming riverfront home with private dock is the serene getaway you’ve been looking for! The main house has 2 bedrooms and 2 bathrooms, plus the detached guest quarters include a bedroom, full bathroom, and living space.
The Bend, OR median sales price increased 6% to $440,000. The number of homes sold is down 24% from this time last year, which is not surprising at all considering inventory is also down 20%.
The monumental difference between 2007 and today is the absorption rate, which is the rate at which available homes are sold in a specific market during a given time period. Traditionally, anything above 20% is a seller’s market. In the winter of 2006-2007 the absorption rate hovered around 9% for 6 months straight. This winter, 2018-2019, our absorption rate has been bouncing between 46% and 35%, with a dip in February down to 26%.
The Brundage Smith team is honored to be representing an enclave of 28 contemporary homes designed by Darren Thomas Architecture and built by BendTrend Homes in the award-winning Tetherow neighborhood in Bend, OR. Surrounded by common space and adjacent to the Deschutes National Forest, these homes offer coveted privacy and are the perfect launchpad to […]
2/12/2019 By Elliot Njus | The Oregonian/OregonLive The Oregon Senate on Tuesday approved a proposal for a first-of-its-kind statewide rent control policy, as well as new restrictions on evictions without cause. Senate Bill 608 now heads to the Oregon House, where it’s expected to have an equally friendly reception. With the bill’s expected passage, Oregon would […]
http://www.bend.k12.or.us January 29, 2019 – (Updated 2/13/19) Bend-La Pine Schools Superintendent Shay Mikalson approved the adoption of new Bend-area elementary school attendance areas, set to take effect in the fall of 2019. “These new elementary school attendance areas will balance enrollment and reduce pressure felt at the district’s overcrowded elementary schools while providing an attendance […]
Press release January 15, 2019/PRNewswire – Zillow announced its predictions for the hottest housing markets in 2019 and San Jose, CA claimed the top spot for the second year in a row. To find the hottest housing markets, Zillow looked for places where they expect home values and rents will outpace the nation in 2019, […]
Compared to this time last year, the average sales price increased 7.89% to $501,486 and the median sales price increased 7% to $427,000. While we do see signs that the rate of appreciation is slowing, home values are still increasing.