Bend Luxury Home Sales Growing

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

Bend OR's Luxury Home Sales Trending Up

As the American economy continues to improve and citizens have more confidence and money to spend on housing, the value of real estate has grown across the country.  Bend is no exception. Bend's average home price has grown by roughly 10% per year since coming out of the great recession, greatly due to the demand on housing coming from new residents moving to Central Oregon in large numbers. For many of these new transplants, the real estate market in their original city is greatly inflated and home values way beyond those of Bend. When they sell, they can often pocket a large amount of cash from the equity in their home. This in turn has driven up housing costs within the city as these new Bend residents can afford to purchase property which is beyond the ability of many locals. 

How High Can Bend Oregon Luxury Home Prices Go?

Unheard of in the recession, the sale of Bend million dollar homes has become much more common place. And the asking price of these homes continues to rise. Over the past 3 years, the activity in the Bend Luxury Home market has grown tremendously. Even homes priced over $2,500,000 are selling and spec builders are building homes at this level, which was unheard of just a few years ago. It remains to be seen how this trend continues.

The following graphs reflect both million dollar plus homes for sale and sold in the Bend real estate market:

Original blog can be read at Bend Premier Real Estate.

Bend Luxury Homes for Sale

Bend Luxury Homes Sold

Comments (6)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lynnea Miller,  Interesting blog for buyers and sellers to see and also us here in the Rain.  Make it a great day!

Aug 16, 2018 10:26 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

thanks for keeping us up to date on the benD luxury housing market -t his is important information to have 

Aug 16, 2018 11:53 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Lynnea.  Thanks for keeping us informed about the Bend OR luxury real estate market.

Aug 18, 2018 04:54 AM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Thanks, Gabe Sanders !  Hope  you have a great weekend.

Aug 18, 2018 06:57 AM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coastal Living

This is important market data information for home buyers and sellers about the current luxury home market sector.  

Aug 19, 2018 08:01 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

What a good market. My guess is that prices will continue to go up.

Aug 26, 2018 06:12 PM

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