The median sales price of a home in Bend, Oregon, rose in October, stopping a three-month run of declines. October’s figure was $432,900, 1.9 percent more than the previous month’s median sales price and 7.1 percent more than that of October 2017. An increase in median sales price and other data points from October seem
It’s probably a safe bet that we at the Skjersaa Group choose to live in Bend for the same reasons many people do. The beauty of the area, the outdoor activities available literally outside our doors and just outside town, and the dry, sunny high-mountain climate are all part of the draw. There’s more than
For only the second time in the last 11-plus years, the median price of a home in Bend, Oregon, has declined for three months in a row. September’s median price was $425,000, a drop from June’s $449,450, which stands as the highest for any month dating to the start of 2007. Deciphering September’s sales data
When home prices in Bend, Oregon, approach or exceed the prices seen before the housing market imploded a decade ago, a common reaction seems to be skepticism or concern, a sense of foreboding that another steep drop in the housing market must be imminent. Such a mindset is probably understandable. The market crash and subsequent
August has recently been a month of consolidation in the median sales price in the Bend, Oregon, real estate market. The eighth month of 2018 followed that trend, with the median sales price falling 1.5 percent from July. The median sales price in August was $430,500, after it registered at $437,000 in July. August’s figure
July was among the busiest months for real estate activity in NorthWest Crossing since the master planned community in Bend, Oregon, was developed. Sales statistics for July and prior months show that homes in this neighborhood remain in higher demand than in the overall Bend market. Nineteen homes in NorthWest Crossing were sold in July.
After reaching a record high the month before, the median sales price of a home in Bend, Oregon, took a step back in July. July’s median price was $437,000, 2.8 percent less than the figure recorded the month prior – yet 5.9 percent higher than the same month in 2017. Even with the decline from June,
Even as interest rates on mortgages have risen, the demand for homes in the Bend, Oregon, real estate market continues apace. In June, the median sales price of a Bend home was $449,450. Not only is that a record median sales price for the 11-plus years for which we have data (and probably a record
Anyone who has been in the market to purchase a home recently probably knows that interest rates on traditional 30-year mortgages have risen in the past year, from about 4 percent in July 2017 to 4.625-4.75 percent early this month. Results from a survey, however, indicate that even a rate increase to 5 percent is
Median home prices are near an all-time high in Bend. The inventory of homes for sale skews strongly toward a “seller’s market.” Interest rates have risen from their historic lows of recent years. It seems as if there might be some credible arguments for why now is not the right time to buy a home
1033 NW Newport Ave.
Bend, OR 97703