Bend OR Real Estate - January 2020 Trends

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

Bend Oregon Home Sales Surging

The Bend real estate market has been strong since coming out of the recession.  However, the figures from January 2019 were beyond expectations with the number of new ratified sales contracts hitting new highs.

When January 2019 is compared with January 2018, the following trends can be noted for Bend single family residences on less than an acre of land:

  • Homes for sale were down 29.6% to 269*
  • Homes sold up 3.1% to 131
  • Homes pended up 24.6% to 177
  • The average price per square foot on sold home was up 6.1% to $259
  • The days on market were up 1.6% to 130
  • The sold/original listing price difference was up 1.1% to 96%
  • The average active price was up 5.8% to $752,000
  • The average sold price was up 6.7% to $525,000
  • The months of inventory based on closed sales was down 29.9% to 2.1

Bend Oregon Home Pending Sales in January Up 24.6%

The increase in Bend home sales in January is astounding. With new sales almost 25% greater in 2019 than in 2018, our typical market with winter months fairly slow is not happening.  Whether or not this trend continues remains to be seen. However, at Bend Premier Real Estate, our February sales so far are on track to exceed those from 2019. In an election year, uncertainty of the future can impact real estate sales. But if the current trends continue, we are looking at a truly remarkable year for Bend real estate.

Bend Oregon Real Estate Trends

*Data from Central Oregon Association of Realtors February 6, 2020

Original blog can be read at Bend Premier Real Estate.

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Have a very special weekend.

Feb 07, 2020 12:47 PM #1
Rainmaker
438,817
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Thank you, Roy Kelley .  I appreciate you checking in.  Have a great weekend yourself.

Feb 07, 2020 02:59 PM #2
Rainmaker
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Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara 😊

Feb 09, 2020 12:43 AM #3
Rainmaker
3,343,440
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday morning Lynnea Miller and great information for your area of what is happening.  Hope your phone starts to ring.

 

Feb 10, 2020 08:01 AM #4
Rainmaker
5,672,954
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for your comment on my recent post.

Have an outstanding week.

Feb 12, 2020 03:35 AM #5
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Rainmaker
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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