Friday, 17 November 2017

Bend Oregon Real Estate | November 2016 Market Trends

Written by Posted On Friday, 09 December 2016 21:18
Bend Real Estate Trends Bend Real Estate Trends

Residential home sales remain solid in Bend. Data from November, 2016, reflect a strong real estate market moving into winter. The average price per square foot for sold Bend homes is almost 11% higher than November, 2015.  Although there is a seasonal slow down and less inventory than during October, the average sold price is up almost 12% over a year ago with 36% more homes sold during November 2016 than November 2015.*

Interest rates on home mortgages have inched up a bit, so it remains to be seen how this will impact Bend home sales moving into 2017. Although still historically very low, the interest rate increase may make a difference to the lower end buyer where small changes in their monthly expenses can determine whether or not they can afford a home. For the higher end, lack of inventory remains the determining factor on finding the perfect home; there were 9.4% fewer homes available for sale November 2016 than in November 2015.

If you are looking for a Bend home, click here for our Bend Oregon real estate search.

*Data from Central Oregon MLS

Original blog can be see at Bend Premier Real Estate's blog site.

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Lynnea Miller

Owner/Managing Principal Broker Bend Premier Real Estate.

Lynnea began her real estate career when her husband became a general contractor in 1994. After years of working with her husband and selling many homes "for sale by builder," Lynnea got her real estate license in 2000 and began working at a local brokerage, first as part time Broker and marketing director for the company, and later as full time office manager/marketing director/transaction coordinator, and then as Principal Broker. In 2010, Lynnea started her own brokerage, Bend Premier Real Estate, with the encourage of her husband and several Brokers.

Prior to real estate, Lynnea worked for 9 years with her husband in the ownership and management of 3 retail Bend, Oregon businesses with up to 35 employees. Before moving to Bend in 1985, Lynnea worked in homeowner association property management, being promoted in the space of 1 year from Customer Service, to Property Manager, to District Manager.

Lynnea graduated from the University of Oregon Summa Cum Laude in 1983 with a Bachelors of Science degree and graduate first in her high school class in 1979. Lynnea and her husband have 3 adult children. Lynnea also teaches fitness classes part time, holding an ACE certification since 1990

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