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Bend, Oregon Foreclosures and Short Sales Report ~ Feb. '09

Managing Real Estate Broker with The Lowes Group 200410321

Active Residential Listing Report ~ March 1, 2009


                                                  BEND                 REDMOND                 SISTERS                  PRINEVILLE

Total Active Res. Listings -         1,664                       701                        155                           327

Current Res. Short Sales -            313 (19%)             137 (20%)               11 (7%)                   35 (11%)

Current Res. Bank Owned -          164 (10%)               61 (9%)                   5 (3%)                    24 (7%)

I will be compiling this report monthly in hopes of identifying the bottom of our Central Oregon market. With almost 30% of the Bend, Oregon active residential listings being short sales and foreclosures it looks like we have a ways to go.  Until these numbers decrease significantly I predict Central Oregon home prices to remain soft.  

For a list of Bend, Oregon foreclosures or other Central Oregon Foreclosures click here.

Troy Batson is a Licensed Broker in the State of Oregon ~ troybatson.com ~ Duke Warner Realty ~ Bend, Oregon

Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Troy nice work keeping local readers up to speed on what is going on in the Real Estate market.

Mar 01, 2009 10:09 AM
Trevor Elliott
RE/MAX Integrity - Salem, OR

Are you seeing vacationers making offers or first timers in the area?

Mar 10, 2009 09:07 AM
Troy Batson
The Lowes Group - Bend, OR
Bend Oregon Real Estate

Bill - Thanks for the encouragement!

Trevor - 40% of the recent sales were foreclosures being snapped up by investors and local first time home buyers.  Vacationers and first timers are starting to come around, but only a handful.

Mar 10, 2009 09:15 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

Sep 17, 2011 05:50 PM