Things continue to move in Bend at a fairly steady pace. It is interesting to see listings vs. sales as well as to note how many are short sales vs. bank-owned vs. regular sales. My general feeling is that IF the seller can stomach the decrease in price/value of their home and can price it appropriately, it will sell.
Here are some stats to chew on:
In Central Oregon, residential listings currently on the market:
1445 REGULAR listings (no short sales/BOs) (66%)
576 Short Sales (27%)
152 Bank-Owned (7%)
In Central Oregon - SOLD in June:
141 regular (49%)
62 short sales (22%)
85 bank owned (30%)
In BEND currently on the market:
530 regular listings (58%)
312 Short Sales (34%)
76 Bank Owned (8%)
In Bend Sold in June:
77 regular listings (53%)
29 short sales (20%)
40 bank owned (27%)
Bend Values June 2010:
226 Listed at average price of $317,192
146 Sold at average price of $274,067
6.3 months of inventory (so low!) Are the banks holding out on listing tons of properties? Will our market be flooded with bank owned properties soon??
As compared with months past these stats are very similar to what has been happening in Bend since January. No major dropsor increases in sales, prices, etc. Let me know if you want to see month-over-month data!
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