Median sales price falls for second month in a row. What happened last time that occurred?

The housing market in Bend, Oregon, tapered slightly in May, as the median sales price fell for the second month in succession and the inventory of homes on the market rose compared with April. Still, the year-to-date median price remained steady at a price that represents a high for the 10-plus years for which we

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Median sales price up in January even as pace of sales slows

By Jason Boone The numbers of homes sold in Bend, Oregon, in January dropped compared with previous months — which probably shouldn’t be a surprise given our weather — but the median price of those homes that were bought was on the rise. The median sales price in January 2017 was $370,813 — 4.6 percent higher

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Expansion of city boundary won’t result in new homes over night

By Jason Boone With the city of Bend, Oregon, making progress toward an expansion of its urban growth boundary, some observers of the real estate scene might think that the market for homes — both owner-occupied and rental — will relax from the last couple of years of tight inventory and rising prices. But although

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Tour of Homes demonstrates high-end properties are in demand

By Jason Boone What can the annual Central Oregon Tour of Homes tell us about the real estate market of Bend, Oregon? In addition to offering home-buyers a chance to see what local builders provide, the profile of the homes on display might furnish insight about the state of the market — and where it

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Median sales price continues rise, but is a ceiling near?

By Jason Boone The median price of homes sold in Bend, Oregon, in May was the second-highest in the last 10 years, but there are signs that prices might be nearing or at a peak. At $374,000, the median sales price in May 2016 trailed only that of May 2007 ($396,250) in the time span

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Builders say regulations make up $84,000 of new home’s price

By Jason Boone Many businessmen and businesswomen are certain that government rules and regulations result in higher prices for consumers, even if they can’t put a finger on precisely how much those regulations cost. Now, a study by the National Association of Home Builders has put a dollar sign on government oversight of new home

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Inventory down, median price up in April

By Jason Boone An already tight housing market in Bend, Oregon, got tighter in April. Through the end of April, the inventory of houses for sale in the Bend market was 2.1 months, according to data compiled by the Skjersaa Group. The inventory of 2.1 months is the lowest in the time period covered by

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East-side developments: One subdivision complete, another receives green light

By Jason Boone West-side real estate news and developments in Bend, Oregon, attract considerable attention, so much so that it can be easy to overlook what’s going on elsewhere in town. But prospective homeowners who want to enjoy so much of what makes Bend desirable — its lively downtown, easy access to the Deschutes River,

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Second phase of The Bungalows soon to hit MLS as construction commences

By Jason Boone The eight units in the second phase of the The Bungalows at NorthWest Crossing are about to hit the multiple listing service, which is great news for anyone in the market for a beautiful, sustainable home in a walkable neighborhood. The Bungalows, a condominium project that will includes 24 units at buildout,

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Pace of development in Bend only quickening

By Jason Boone Bend has changed quite a bit from when I moved here in 2003 from Seattle. Indeed, ask any longtime Bend resident and he or she will tell you: The one constant in this wonderful place is change. The last few years the pace of growth has seemingly been breakneck, and Bend remains

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