April in 2018 followed the pattern of previous years for real estate activity in the NorthWest Crossing neighborhood in Bend, Oregon, which remains among the most desirable areas of town.
Ten single-family NorthWest Crossing homes were sold in April, traditionally one of the busier months of the year. Only once in an April (2013 – 11 homes) have more homes been sold than in April 2018. The average for the month over the last nine years is nine homes.
The average days on the market in April 2018 was 85. Among previous Aprils in which at least two homes were sold, there have been only two months with a lower figure: 2013 (70 days) and 2015 (72 days).
The 85-day figure in April marked the third month in a row that data point has been less than 100 days. This is the first time there has been a three-month stretch in which the average days on the market was less than 100 days in each of the months (again, this is among months with at least two homes sold).
Because of the relatively small number of homes sold, it’s advisable not to try to read too much into trends in data. But we will point out that the median sales price in April of $677,500 was the highest for any April for which we have data.
Looking at 2018 to date, the median price is $656,125. That represents an increase of 4.4% from 2017. And it’s 58 percent higher than the year-to-date median for the entire Bend, Oregon, real estate market.
I am a longtime resident of NorthWest Crossing with deep of knowledge of the neighborhood. If you’re interested in learning more about the opportunities in this growing area, or if you’re considering selling your home, I can bring my experience to bear on your behalf. Please contact me at (541) 383-1426 or visit Bend Property Search to connect with me through my website.