Saturday, 22 September 2018
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Bend Real Estate - August 2018 Trends

Written by Posted On Saturday, 08 September 2018 21:18

Bend Oregon Single Family Home Prices Still Rising

The figures from August, 2018 Bend real estate sales are published and the price of a Bend single family home continues to go up. While the trend upward in the asking price of a Bend home appears to be leveling off, the sold price is still rising with the average price per square foot now at $255.  The following data compares August 2017 sales of Bend single family homes on land under an acre with those from 2018:

  • Number of active homes for sale down 6.4% to 619*
  • Number of homes sold slightly up .8% to 255
  • Number of homes pended up 8.7% to 238
  • Months of inventory based on closed sales down 7.7% to 2.4
  • Average days on market down 11.8% to 90
  • Average price per square foot up 5.8% to $255 (was $241 August 2017)
  • Average active price up 3.6% to $622,000
  • Average sold price up 6.6% to $520,000

 

Bend Oregon Real Estate Trends August 2018

What Are the Fall 2018 Predictions for Bend OR Real Estate Trends?

Fall is typically one of our strongest months for Bend real estate sales. While fewer in number than summer sales, Bend real estate transactions in the fall stay strong with retirees being more the typical client. Those who need to buy or sell before school starts are out of the market and those who wish to purchase a second home or a retirement property are often those buying in the fall months before snow hits. The weather is usually good and there are less crowds enjoying the Bend lifestyle. We predict fall sales will remain fairly level in 2018.

 *data from Central Oregon MLS.  Original blog can be read at Bend Premier Real Estate's 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

https://www.bendpremierrealestate.com

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