Given the relative scarcity of homes on the market, the volume of sales in January 2020 – 135 homes closed – shows the strength of the demand on the part of buyers.
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1033 NW Newport Ave.
Bend, OR 97703
Relatively few homes were active on the Bend, Oregon, real estate market in November, resulting in a fewer-than-normal number of sales. The market in November also experienced declines in the median sales price on a month-to-month and year-to-year basis. One hundred sixty-seven homes were sold in November. That’s the fewest in a November since 2015
In August, for the second month in a row and the fourth time in five months, the median sales price of a home in the Bend, Oregon, real estate market reached an unprecedented level. The median price was $474,950, set in an environment of scarce inventory and rapid sales. August’s median sales figure was 1.1
Winter is often regarded as a soft season for home sales, but that wasn’t the case for the Bend, Oregon, real estate market in January. The month ended with a median sales price of $448,500. Here is some context about that sales price: • It’s the second-highest on record for any month in the Bend
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.
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
The affordability of housing in the Bend, Oregon, area has the attention of government leaders, local media and the general public. The rising price of homes and the scarcity of rental housing have produced what is regularly referred to as a housing crisis. The lifestyle Bend offers is one source of the high demand for
The January sales figures for the Bend, Oregon, real estate market make two things evident: The winter is no longer a “slow” time of year, and the market is divided into two portions – what might be loosely called “affordable” homes on one side and those that are at the boutique end of the market
In a year that the real estate market in Bend, Oregon, set records for median sales price, it probably shouldn’t be a surprise that the NorthWest Crossing neighborhood had the highest sales price of its existence, too. The median sales price of NorthWest Crossing homes in 2017 was $628,604. Never before had the median sales
The pace of home sales and the median price dropped in November compared with the previous month. But the one-month snapshot comparing November’s numbers to October’s doesn’t capture the bigger picture of the Bend, Oregon, real estate market. November’s median sales price of $390,000 was 3.5 percent lower than October’s median of $404,250. A look