Bend OR Real Estate - April 2018 Trends

By
Real Estate Broker/Owner with Bend Premier Real Estate 200009031

Bend Oregon Real Estate In Spring Selling Season

The April figures are out and the spring selling season has hit! Buyers are offering on the existing inventory and multiple offers on well priced homes are the norm rather than the exception. The trends are also showing a strong market for Bend homes for sale and home sales continue to rise.

The figures for April 2018 on Bend single family homes on less than an acre compared with April 2017 are as follows:

  • Homes for sale up 7.7% to 459
  • Homes sold up 3.9% to 554
  • Homes pending up 4.5% to 672
  • The average price per square foot for sold homes up 8.2% to $238
  • The average active price is down 4.7% to $650,000
  • The average sold price is up 6.5% to $494,000
  • The months of inventory based on closed sales is up 26.3% to 2.4*

Some of the strong trends can be based on the fact our relatively mild winter enabled builders to continue their work through the fall and winter months so that more inventory is available this spring than last.  The one trend down in the average active price can also be reflected in increased homes available through new construction in the mid range, meeting the needs of a specific demographic.

 

Bend OR Home Sales to Remain Strong

We predict that homes sales in Bend will continue to be strong through Spring and Summer, provided interest rates on home mortgages do not suddenly rise more than 1 or 2 points and that the United States and the Central Oregon local economy continue to grow. As long as Bend remains a community people in the country want to relocate to, Bend OR home sales will keep trending up.

* Data from Central Oregon MLS

Original blog can be seen at Bend Premier Real Estate's blog page

 

Bend Oregon Real Estate April 2018

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Topic:
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Oregon Deschutes County Bend
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bend oregon real estate
bend oregon real estate trends
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bend single family home trends

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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Lynnea, homes sales are strong and hope you are having a really good year.

May 11, 2018 09:57 PM #1
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Hi Debbie Reynolds .  It is a year of transition having lost some key agents, but also a year of opportunities having brought new technology into the brokerage. We are seeing growth in our local market, but I am concerned that new brokerages with different business models plus so many new agents have diluted the market to the point that it is a challenge for many.  I would welcome a reasonable slow down.

May 11, 2018 10:01 PM #2
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

May 12, 2018 06:49 AM #3
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Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

WOW, almost every thing is up and up Lynnea Miller .  I have no doubt you will get your share and more! 

May 12, 2018 06:11 PM #4
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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