Bend OR Real Estate - August 2019 Trends

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

Bend Home Prices Up

 

The Bend real estate market continues to be impacted by a limited supply of inventory, rising prices and changing seasons. August 2019 was a strong month for Bend home sales and we believe the lack of summer forest fires may have impacted our market positively.

When August 2019 is compared with August 2018 for Bend single family residential sales on less than an acre, the following trends can be noted:

  • Homes for sale down 5.5% to 585
  • Homes sold down 5% to 248
  • Homes pended up 4.1% to 229
  • Average price per square foot up 4.3% to $266
  • Average days on market down 4.4% to 86
  • Sold/original listing price difference is 0
  • Average active home price is up 2.9% to $681,000
  • Average sold price is up 7.1% to $558,000
  • Months of inventory is unchanged at 2.4*

The average sold price of a Bend single family home at $558,000 is a new record. And lack of inventory still impacts overall sales.

Bend Oregon Home Prices Have Never Been Higher

Each month we report on Bend real estate trends and almost every month we report that the trends show home prices rising when compared with the same month the year before.  Since coming out of the great recession, Bend's active home price is up over 80% and its sold price is up roughly 110%. We believe that such growth cannot continue at that pace and over time, the increase in Bend's home prices should be less dramatic.  The chart below shows the last 15 years of Bend's real estate trends.Bend Oregon Real Estate Trends - 15 years

**Data from Central Oregon MLS  Original blog can be seen at Bend Premier Real Estate.

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Topic:
Real Estate Market Trends
Location:
Oregon Deschutes County Bend
Tags:
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bend oregon home prices

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Lynnea Miller thank you for sharing very valuable real estate report for Bend, Oregon.

Sep 10, 2019 02:18 PM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Lynnea:

Well it's pretty clear that things overall are not easing up in your housing market, and it's more important than even for buyers to work with someone like yourself you truly knows and understands the market conditions and the impact on searching, offer strategies, pricing and more.

Jeff

Sep 10, 2019 03:06 PM #2
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Lynnea - your real estate market update for Bend OR is a good snapshot for prospective buyers/sellers in your area.  It is well-written, concise and has the information that is valuable when choosing the right representation to achieve their goals.  

Sep 11, 2019 10:01 AM #3
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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