Posts with tag 'Mt Bachelor Village'

Bend Home Inventory is Up With Closings Down

The data has been published and the early spring trends year over year for 2025 reflect Bend's single family home real estate market with prices still rising, inventory up considerably, pending sales up, days on market up, and overall closings down.

The increased inventory has provided more options for Bend home buyers and many sellers are willing to negotiate price and terms in order to get their property sold. Those sellers unwilling to do this are often finding their property sitting with little activity. The...

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Bend Home Prices Appear to be Leveling Off

Spring 2025 has begun with many economic and political changes within the country. The uncertainty of tariffs and the stock market may ultimately result in a pull back in home sales. However, the beginning of April has had strong real estate sales for Bend Premier Real Estate brokers. It could be with people not having confidence in the stock market, the proven reliability of real estate to consistently gain value over time coupled with more certainty in mortgage interest rates leveling or even dropping could result in a boom in Bend home sales. The next few months could be a roller coaster, or perhaps a more steady-as-she-goes market....

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What Happened With Bend Luxury Homes in 2024?

2024 was a year that reflected changes for Bend Oregon real estate. The high end luxury home market had more listings and more activity in 2024 compared with 2023. In particular, homes listed in all categories over $1,000,000 had strong sales with the only exception in the $1,300,000 to $1,599,999 category in which there was a 14.4% decrease in home sales. In this same category, days on market were up over 113% with an increase of 85% in months of supply (up to over 5 months). Based on an earlier 2024 review of the Bend luxury market, it was determined that many listings taken in this price point required pri...

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More Bend Home Inventory and Moderate Price Increases Were the Norm for 2024 Sales

2024 Bend home sales experienced modest price increases for the year, but Bend home buyers were fortunate to have more options. Sellers who had hesitated putting their property on the market during Covid and following when mortgage interest rates were close to 8% finally had more inclination to do so when mortgage rates dropped to the mid 6% range during the summer of 2024. Delayed moves which were offset by high mortgage rates for a subsequent purchase finally made sense when rates dropped. Although there was an increase in home prices and sales for Bend single family homes, it was modest. With more in...

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More Inventory Means More Choices for Bend Home Buyers

There are more homes on the market for potential Bend home buyers to choose from than there were at the same time last year. With more inventory, there has been more motivation for sellers to negotiate price and terms with buyers. This in turn has resulted in homes selling for less than asking price, often after price reductions, in order to generate offers. While the overall sales price is up slightly over the same time last year, the months of supply is up over 11%.

When the data from November 2024 for Bend single family home sales on less than an acre is compared with those from November 2023, the following changes can be seen:

• Average sales price up 4.1% to $888,821
• Median sales price up 2.6% to $711,875

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