BEND, Ore. – We’re already 10 days into August 2015 and the median sales price for a Bend Oregon home is now $323,000.
Home values have increased in Bend by over 10 percent in the last year alone and price increases don’t show any sign of slowing down as many economic analysts including Zillow predict that home prices in Bend will increase by another 5.1 percent in the next year.
Price Breakdown by Neighborhood
Where do you want to buy a home in Bend? If you have a specific neighborhood in mind here’s a breakdown of average home prices in some of Bend’s most popular neighborhoods:
- Aubrey Butte – $746,719
- Deschutes River Woods – $332,055
- Summit West – $571,758
- Old Bend – $683,322
- Mountain View – $280,104
Before Buying a Home in Bend Do This
Although home prices in Bend Oregon can be described as “competitive” right now you can give yourself the advantage over other home buyers by following these 7 tips:
Tip 1 – Get your finances in order by paying down old debts like student loans and credit cards because this will also lower your debt-to-income ratio.
Tip 2 – Purchase your credit reports to verify the accuracy and validity of each item or debt on your credit report.
Tip 3 – Save at least 20 percent for a down payment on a home because this will help you to get a lower monthly mortgage payment and avoid paying Private Mortgage Insurance (PMI).
Tip 4 – Research the type of home you want to purchase so that when you are finally ready to buy you can give us the specifics for the exact home you are searching for.
Tip 5 – Get creative when submitting an offer to a homeowner and don’t be afraid to give them a letter or picture of your family.
Learn More about Bend Oregon Home Prices
To learn more about Bend Oregon Home Prices contact me, Jason Boon, Principal Broker with Duke Warner Realty | Skjersaa Group by calling me at (541) 383-1426 or by CLICKING HERE to email me.