CURRENT BEND OREGON REAL ESTATE STATISTICS FOR FEBRUARY 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. EMAIL ME AND I’LL BE GLAD TO PUT ONE TOGETHER 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
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!
January 2018 Bend homes days on market are down from January 2017- 134 days now versus 148 days then. That smells like this will be an even tighter, even more competitive year than the huge year we had last year.
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 inventory, despite the lower days on market numbers above, is actually slightly better than last year at this time. A 3 month supply versus a 2.8 month supply. Of course last year we had three feet of snow! This year we have none, so there are more homes on the market.
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 $486,000 versus $442,000 in the same month in 2017. Interestingly, the average list price is actually slightly lower than it was last year- $612,000 versus $615,000. My guess is that is due to the large amount of less expensive homes being built on the east side, where the buildable land is.
(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 real estate sales they are few. Dozens of $350,000 Bend 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
Pendings spiked hard last month from 121 in December to 169 in February, versus only 138 last year. Solds are up as well to 129 this year versus 111 last year, and the inventory number makes sense once you look at this chart. There are far more homes on the market this year, 363 versus 290 in 2017.
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 $175- $225 on the East side, again, per square foot.