What's Up With Bend Oregon Home Prices?

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

Bend Single Family Home Prices Reach New Heights

The price of a Bend Single family home has grown to a level never seen before. The number of homes sold under $500,000 has significantly lessened over the last 3 years while those over $1,000,000 have tremendously grown; between 2017 and 2018, the number of sold Bend homes on less than an acre over $1,000,000 have gone up 88.5%. While the overall number of Bend homes sold have not grown that much, the change between the lower and upper end in price is great and those Bend residents who have lived in the community more than just a few years can be amazed at the selling prices of Bend Homes.

 

Bend Oregon Real Estate Trends

Bend OR Single Family Home Inventory Levels Remain Low

While Bend home prices are on the uptick, inventory levels remain quite low with even million dollar home inventory dropping. Builders cannot keep up with the demand and with rising building and land costs, there is little anticipation that more "affordable" Bend single family homes will be built in the near future.

Original blog can be seen at Bend Premier Real Estate blog.

 

Bend Oregon Real Estate Trends

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Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jul 21, 2018 03:36 AM #1
Rainmaker
3,057,843
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Lynnea... what's up? Seems like everything is up in Bend, Oregon except for inventory. In my area the price increases and lack of inventory are now causing a slow down in closed sales.

Jul 21, 2018 04:37 AM #2
Rainmaker
1,520,369
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Wow. Increases that much? Wow. 

Completely different market in our area.

Jul 21, 2018 07:37 AM #3
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Rainmaker
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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