Much like the overall Bend real estate market, the sales environment in Northwest Crossing picked up in September from the previous month.
The number of homes sold and the median sales price increased, and the average days on the market for homes decreased, compared with August’s figures.
In August, six single-family detached homes in Northwest Crossing were sold. That’s the fewest in a calendar month in 2016 outside of traditionally tepid January and February. In September, 10 Northwest Crossing homes were sold. (Figures in this article refer throughout only to single-family, detached homes; lots, townhomes and condos are excluded.)
The September median sales price was $647,500, 4 percent greater than August’s median of $622,500. September’s median sales price was the second-highest this year, behind the $654,950 of May.
Looking at longer-term trends at this time of the year (I have been tracking sales in Northwest Crossing since the neighborhood’s inception), this is the second year in succession that sales in Northwest Crossing in September increased from the month prior. But this two-year run has followed a four-year stretch when the median price dipped from August to September.
Last year, there were 15 homes sold in September (up from 13 in August 2015), but the median sales price fell more than 15 percent, from more than $600,000 in August 2015 to $499,000 in September 2015. In fact, the median Northwest Crossing sales price in September 2015 was the second-lowest of any month in that calendar year. (The lowest was $494,750 in November 2015.)
The average days on market in September 2016 was 120 days, a decrease from the three previous months. Looking at the calendar year as a whole, September’s average days on market was the third-fewest, behind 112 in January and 92 in May.
The pace of sales this year is comparable to last year’s and ahead of 2014’s. Seventy-eight Northwest Crossing homes have been sold through September, an average of more than 8½ per month. In 2015, 86 homes were sold through September, and the year finished with 112 sold.
In 2014, 70 homes were sold in the first nine months of the year, and there were 86 sales by the end of the year. Even factoring in a probable end-of-year slowdown in activity, this year’s volume of sales is expected to surpass that of 2014.
Northwest Crossing’s upward tick in activity and price in September reflected developments in the larger Bend market. The median sales price in September rose 7.5 percent from August after three months of declines.
I have lived in Northwest Crossing for more than 13 years, so I have first-hand knowledge of the community. My experience in this community will help you achieve your best deal — buying or selling a home there or in the larger Bend market. To learn more about Bend home options, get started with listing your Bend home, or to view area homes, contact me at (541) 383-1426, or visit Bend Property Search to connect with me through my website.