CURRENT BEND OREGON REAL ESTATE STATISTICS FOR NOVEMBER 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, size of home, a certain zip code, a certain neighborhood, new homes only, and so on. EMAIL ME AND I’LL CUSTOMIZE BEND OREGON REAL ESTATE STATISTICS JUST AS YOU’D LIKE!
THE CRITERIA I USE FOR THESE CHARTS:
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
1500 square feet minimum to 3600 maximum
Residential Resale and New Construction Single Family Homes
Bend Real Estate Sales Statistics
NEW: Want more depth? Visit my new page which breaks down Bend Oregon real estate statistics and Bend Home prices into West side vs East side, by zip code. BEND OREGON HOME PRICES WEST SIDE VS EAST SIDE
Bend Oregon real estate statistics- Days On Market and Sales Prices vs List Prices
This chart pretty much looks like last year’s chart. Bend Oregon real estate days on market last year were 105, and this year 104. Not much else to say there.
Again, on the West side of Bend the numbers on this set of Bend Oregon real estate statistics are much lower, and they are a bit higher in East Bend.
Bend Oregon real estate statistics- Home Sales Inventory
Bend Oregon real estate Inventory has definitely gotten better, and we are now at 3.2 months based on current sales rates, versus the 2.7 we were at last month. Mostly this reflects slower seasonal demand, rather than more houses on the market, and is on par with last year’s 3.3 months.
Bend Oregon real estate statistics- Average Bend Home Sales Prices and Average Listing Prices
On first glance, this Bend Oregon real estate statistics chart looks a little scary. $508k sale price average versus $530k last year?! Call the wahmbulance! But, you have to dig a little deeper. Last year’s $530k was a major anomaly, rising from $511k in August to $530k in September, before plunging to $508k in October, and then WAY down to $476k in November. It was also the only year I can remember when September was the high for the year- that is usually July. In fact, this year it WAS July, and prices peaked at $544k vs that September $530k last year (July last year was at $523k, FYI).
All in all, fewer sales in Fall means more chart volatility from September through March, so let’s take a chill pill, and watch the bouncing prices over the next few months.
(Keep in mind we have many Bend homes listed from 1 to 20 million, so this tends to pull up the “for sale” averages. However, as a percentage of the overall Bend Oregon real estate sales they are few. Dozens of $350,000 Bend Oregon homes sell for each one of the big fish that sell. This what creates the discrepancy between the two numbers).
Bend Oregon real estate statistics- Number of Homes Sold, Pended, and For Sale
The Bend Oregon real estate statistics numbers for Pendings and For Sale homes are mostly lower than last September. Fewer homes for sale, fewer homes pending, while sold homes are flat at 231 this year versus 234 last year.
Bend Oregon real estate statistics- Bend Home Prices Per Square Foot
The Bend Oregon real estate statistics chart for price per foot is also a bit anomalous this month, down a hair from last year at $231 versus $234 in 2017. For the year, price per foot peaked $10 higher than last year at $254 in July, versus $244 last July. As this is the BEST time of the year to get a deal, this number should keep dropping through early next year as we scrape the bottom of the bargain bin.
Expect $250- $400 a foot on the West side , and $175- $225 on the East side, again, per square foot.