Tag Archives: bend oregon real estate

Bend Real Estate Market Update Q3 2023

We saw a 20% reduction in inventory with pending sales and homes sold decreasing by 13% and 24%, respectively, attributed to high mortgage interest rates. Despite some uncertainty, Bend home values experienced a 1% increase in the average sales price ($887,309), with a slight decrease in the median price (2%). New construction represented a positive trend, accounting for 28% of listings and 22% of sales, with an median sales price of $740,000.

What’s Happening with the Bend Real Estate Market?

Buyers and sellers understandably have a lot of questions about the real estate market right now. While we don’t have a crystal ball, we do have the next best thing – 30+ years combined experience and educated local market insight, coupled with strong relationships with industry experts. These are our answers to the most common […]

Bend Real Estate Market Update – 2022 Recap

Bend, Oregon home values have come down since the peak of $775,000 in March 2022 but they are still up when compared to this time last year. The average sales price increased 11.53% to $868,247 and the median sales price increased 12.73% to $729,900. The median sales price at the start of 2022 was $740,000. It peaked at $775,000 in March and gradually started coming down to reach a low of $678,000 in December. Taking into account the highs and lows this year, the median sales price overall has settled at $729,900.

Bend Real Estate Market Update Q3 2022 

Although inventory is up 52.24%, the number of pending sales and homes sold are down 23.8% and 13.12% respectively from this time last year. The mortgage interest rate is currently hovering around 7%, which has caused many buyers to pause and reassess their budget as this change has greatly impacted buying power and affordability, especially for first time buyers.

BEND REAL ESTATE MARKET UPDATE Q2 2022

Sales prices are still increasing but days on market are a bit higher, price reductions are much more common and multiple offers are less common. It feels as if we are returning to a more normal and balanced market.

Bend Real Estate Market Update Q1 2022

Welcome to our Bend Real Estate Market Update for the first quarter of 2022. 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 on transactions that closed from January […]

BEND REAL ESTATE MARKET UPDATE – 2019 RECAP

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 Real Estate Market Update Q2 2018

Bend, Oregon home values continue to rise. Compared to this time last year, the average sales price increased 9.25% to $495,369 and the median sales price increased 8.32% to $422,400. The most home sales occurred in the $300,000 – $399,999 price range with 430 closed transactions.

Which Neighborhoods Are Closest To Mountain Bike Trails?

Bend, Oregon is well known for its mountain bike trails. The Visit Bend website reports over 277 miles of singletrack with more being built every day. It makes sense that if you’re moving to Bend to enjoy the abundant outdoor recreation, you’d want to live close to it. Just which neighborhoods are closest to the […]

Bend Real Estate Market Update Q2 2017

Bend, OR Real Estate Statistics Q2 2017 Welcome to our Bend Real Estate Market Update for the Second Quarter of 2017. 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 […]

Update on The Tree Farm

The Tree Farm is a new development on the west side of Bend off Skyliners Rd. There will be just fifty 2-acre homesites offered for sale and 400 acres of open space that will be permanently preserved. Lot pricing will be released on Saturday, October 1, 2016.

Which are the best neighborhoods in Bend, OR? Part 3 – SE Bend

Which are the best neighborhoods in Bend, OR? Naturally when someone decides to relocate to Bend, OR they want to know which neighborhoods are the best or most desirable. In this series of 4 blog posts, we will provide information about the 13 different neighborhoods in Bend, OR, broken down by quadrant. Hopefully this post […]

Which are the best neighborhoods in Bend, Oregon? Part 2 – SW Bend

Which are the best neighborhoods in Bend, OR? Naturally when someone decides to relocate to Bend, OR they want to know which neighborhoods are the best or most desirable. In this series of 4 blog posts, we will provide information about the 13 different neighborhoods in Bend, OR, broken down by quadrant. Hopefully this post […]

Bend Real Estate Market Update – 2015 Recap

At the end of 2015, there were 416 single-family homes for sale, 313 pending sales, and 2,453 homes had sold. The number of homes sold in 2015 is 9.36% higher than 2014 despite the fact that inventory is 13.69% lower. At the end of 2015, there were 416 single-family homes for sale, 313 pending sales, and 2,453 homes had sold. The number of homes sold in 2015 is 9.36% higher than 2014 despite the fact that inventory is 13.69% lower. We currently have about 2 months of inventory, which is very low and means we’re still experiencing a seller’s market. (Months of inventory is the time it would take to sell all current listings at the current sales pace if no new listings became available.) The most home sales occurred in the $250,000 – $299,999 price range with 542 closed transactions, followed by the $300,000 – $349,999 price range with 395 closed transactions. A very close third was the $200,000 – $249,999 price range with 384 sales. Nearly 54% of home sales in 2015 occurred in the $250,000 – $349,999 price range.

5 year comparison table

2015 all sales by price range

Bend Home Values

Compared to this time last year, market-wide, the average sales price increased 12.10% to $386,359 and the median sales price increased 12.95% to $327,455.

Bend Real Estate Market Update Q3 2015

Bend Real Estate Statistics Welcome to our Bend Real Estate Market Update for the Third Quarter 2015. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701 and 97702 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from […]