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Bend Real Estate | Trends October 2017

Written by Posted On Thursday, 09 November 2017 19:24


Bend Or real estate trendsBend Single Family Home Sales Are Up

The October home sales numbers in Bend provide data which reflect a strong market. Coming out of a summer with an unprecedented number of wildfires which greatly impacted tourism, real estate sales this fall have come roaring back with a large number of closings, new inventory and a continued uptick in home prices.

Comparing October 2016 with October 2017, Bend real estate trends show the following:

  • The number of homes for sale are up 17.2%
  • The number of homes sold are up 15.2%
  • The number of homes pended are up 2.2%
  • The average price per square foot is up 7.3% to $234
  • The months of inventory based on closed sales is unchanged
  • The average active home price is up 8% to $647,000
  • The average sold price is up 12% to $475,000
  • The average days on market are down 12% to 105*

Where are the Bend Oregon Real Estate Trends Heading?

Although fall traditionally has a slowing in Bend OR real estate sales, the trends appear to reflect a growing market with home prices continuing to rise. Until inventory levels reach a balanced market of 6 months, we expect the trend to persist.

Bend Oregon real estate trends October 2017

 *Data from Central Oregon MLS

Original post can be seen at Bend Premier Real Estate blog.

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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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