Bend Oregon Real Estate closed out the month of October with some brisk home sales. A total of 211 homes were sold during October. The average sales price was $301,444. Not bad for a down market and this indicates that both home buyers and investors are seeing good values in our marketplace.
Another thing these statistics demonstrate is that the sales are not exclusive to the entry level home market. More than 50% of those sales were on properties that were priced over $200,000. The average time on market was 145 days.
Price per square foot for stick built homes (not manufactured) on less than an acre came in at $126.00 per square foot on average.
Looking forward to the next two months, November and the first half of December historically tend to have less home sales, so it will be interesting to see what this year brings. We have quite a few investors in the market which indicates once again that Bend Oregon is a desireable place to both live and invest in.
Bend Foreclosures and Short Sales remain hot properties in our marketplace.
Comments(2)