What was 2009 "really" like for Bend, OR real estate?  What are the final sold numbers for 2009 Bank Owned (foreclosure, REO) and Short Sales?    Using the Central Oregon MLS, I sifted through all of the residential sales data for Bend and analyzed the numbers.  The chart below shows a quarter by quarter comparison.  

                                             Old Mill District - Bend, Oregon
                                                    Bend, Oregon - Old Mill District

                              2009 Bend, OR Residential Real Estate Sales**                                

                         Distressed Sales Comparison (REO, Bank Owned and Short Sales)

 

Total # of Sales

# of Distressed Sales

% of Sales

 

 

 

 

 

 

 

 

1st. Qtr.

244

Short Sale

41

 

 

 

Sales

 

Bank Owned

76

 

 

 

 

 

TOTAL

117

48%

Bank Owned/Short Sale

 

 

 

 

 

 

 

2nd Qtr.

375

Short Sale

64

 

 

 

Sales

 

Bank Owned

142

 

 

 

 

 

TOTAL

206

55%

Bank Owned/Short Sale

 

 

 

 

 

 

 

3rd Qtr.

482

Short Sale

97

 

 

 

Sales

 

Bank Owned

175

 

 

 

 

 

TOTAL

272

56%

Bank Owned/Short Sale

 

 

 

 

 

 

 

4th Qtr.

564

Short Sale

125

 

 

 

Sales

 

Bank Owned

196

 

 

 

 

 

TOTAL

321

57%

Bank Owned/Short Sale

 

 

 

 

 

 

 

TOTAL

1665

Short Sale

327

 

 

 

SALES

 

Bank Owned

589

 

 

 

 

 

TOTAL

916

55%

Bank Owned/Short Sale

**Residential Sales include single-family residential, townhome & condominium sales (does not include residential acreage) for Bend, OR 

While at first glance this chart may not paint a pretty picture - just remember, these numbers are for 2009 - they are the past, they're history.  To get a better view of what the future may bring for local real estate sales, I took a quick look at the number of currently "available" listings for Bend...and a different picture is emerging.  Of the available listings, only 31% are bank owned and/or short sales!  And the overall listing inventory is going down as well.  That's good news for Seller's and could be a signal to Buyers they need to act now.  We're certainly not out of the woods yet....but maybe there is a glimmer of light at the end of the tunnel.

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Darla Maddalone, Principal Broker, CSP
Bend Oregon Homes Online
541-350-4982             
info@BendOregonHomesOnline.com
                                                        

 

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Darla Maddalone

Bend, OR

More about me…

Bend Oregon Homes Online-Principal Broker, SFR, CSP

Address: 61391 Brianne Pl., Bend, OR, 97702

Office Phone: (541) 350-4982

Cell Phone: (541) 350-4982

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