Bend OR Real Estate - February 2020 Trends

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

Lack of Inventory Impacting Bend Oregon Real Estate

A mild winter and continued high demand has led to a boom for February 2020 home sales in Bend. When the February 2020 sales of Bend single family homes on less than an acre are compared with February 2019, the following changes can be noted:

  • Homes for sale down 36.7% to 252*
  • Homes sold up 17.6% to 127
  • Homes pended up 51% to 219
  • Average price per square foot up 7.3% to $265
  • Average day s on market up 10.1% to 131
  • Sold/Original listing price difference percentage unchanged
  • Average active price up 13.2% to $771,000
  • Average sold price up 11.7% to $564,000
  • Months of inventory  down 46.1% to 2

Bend Oregon Home Sales Not Following Normal Trends

Winter is typically a slower time for Bend home sales. Snow and inclement weather impacts the ability of buyers to view homes and sellers will often take their property off the market during the winter months. 2020, however, has brought very little snow to Bend and the available active homes for sale have seen a lot of demand with buyers purchasing at record levels.  The 51% increase of pended homes during February is tremendous with these sales more similar to those of spring. And the average active price up to $771,000 is the highest figure ever seen. Will it continue? And how will the Corona Virus impact housing? Our next blog will look into this.

Bend Oregon Real Estate

*Data from Central Oregon MLS. To read original blog, click here.

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Topic:
Real Estate Market Trends
Location:
Oregon Deschutes County Bend
Tags:
bend real estate
bend or real estate
bend home sales
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Rainmaker
1,702,542
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Mar 07, 2020 01:21 PM #1
Rainmaker
3,343,440
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lynnea great information to share with us here in the Rain.  Always great to see about other areas.

 

Mar 07, 2020 01:30 PM #2
Rainmaker
438,817
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Thank you, Will Hamm , for checking in.  Crazy figures we had last month.

Mar 07, 2020 05:22 PM #3
Rainmaker
438,817
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Thank you, Jeremy K. Frost , for checking out the blog. Our market is breaking records each month.

Mar 07, 2020 05:23 PM #4
Rainer
336,801
Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

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

Nick

Mar 07, 2020 10:37 PM #5
Rainmaker
438,817
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Thank you for reading my blog, Nicholas Crane . Enjoy your Sunday afternoon.

Mar 08, 2020 12:47 PM #6
Rainmaker
1,772,866
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

whatever February brought is not what March will give us - LOL - thanks for sharing the "good news" back in February! 

Mar 18, 2020 06:28 PM #7
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Rainmaker
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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