CURRENT BEND OREGON REAL ESTATE STATISTICS FOR JANUARY 2018
PLEASE NOTE- I CAN CREATE BEND OREGON REAL ESTATE STATISTICS CHARTS FOR YOU BASED ON ANY CRITERIA YOU WISH!
– Land sales, a certain price range or size of home, a certain zip code, a certain neighborhood, new homes only, and so on- JUST EMAIL ME AND ASK AND I’LL BE VERY GLAD TO PUT ONE TOGETHER JUST AS YOU’D LIKE!
These are all set for the following criteria – these are types of Bend homes the majority of my home buyers actually buy:
Zip codes 97701, 97702, and 97703 which encompasses all of Bend proper.
3 bedroom, 2 bath minimum
1400 square feet minimum to 3600 maximum
Residential Resale and New Construction Single Family Homes
Bend Real Estate Sales Statistics
Bend Oregon real estate statistics- Days On Market and Sales Prices vs List Prices
Winter Bend Oregon home statistic numbers are rarely informative or exciting, except when compared on a year over year basis. So, let’s do that!
December 2017 Bend homes days on market are down from December 2016- 131 days versus 113 days now. And the ratio of sale price to list price is the same at 96%.
Again, on the West side of Bend these numbers are much lower, and they are a bit higher in East Bend.
Bend Oregon real estate statistics- Home Sales Inventory
Bend Oregon home nventory is always low in the Winter, as it is our slow season, and many homes were taken off the market in November. Year over year, we are a bit higher this year at 2.7 months of inventory versus 2.1 months last year. Of course last year we had three feet of snow, and this year had none, so there are more homes on the market now.
Bend Oregon real estate statistics- Average Bend Home Sales Prices and Average Listing Prices
December 2018 average Bend Oregon home sale prices come in at $487,000 versus $457,000 in the same month in 2016. I often like to run October year over year numbers to find out how much we have gone up in a year, as they tend to be out of the highs of the Summer and the lows of the Winter, and fairly stable. But even running December, I get the same- about a 6.5% increase in prices from 2016 to 2017. I like that number, not too high, and more sustainable than the high single digits and teens we’ve seen the past few years. I’d look for 5-7% this year as well.
(Keep in mind we have many Bend homes listed from 1 to 20 million, so this tends to pull up the “for sale” averages, though as a percentage of the overall Bend real estate sales they are small. Dozens of $300,000 Bend homes sell for each one of the big fish that sell, so this what creates the discrepancy between the two numbers).
Bend Oregon real estate statistics- NUMBER OF HOMES SOLD, PENDED, and FOR SALE
Usual Winter stuff here- except that Bend Oregon pending sales actually went up from November to December, which is not the norm.
Bend Oregon real estate stastics- HOME PRICE PER SQUARE FOOT
And we finish with the Bend Oregon home statistic that is always my favorite- price per foot. We are up from December 2016 a lot- 229 per foot from 212 per foot, a change of 7.5%.
Expect $250- $400 a foot on the West side , and $160- $225 on the East side, again, per square foot.