CURRENT BEND OREGON REAL ESTATE STATISTICS FOR MAY 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
Average days on market for Bend Oregon homes is down from last year by a smidge, 108 from 112. Basically on par, but taking slightly less time to sell those homes this year, even though there are more on the market.
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
Last year was brutal, with so few homes on the market per buyer. This year is better, at 2.9 month supply versus 2.1, though well below historical norms of about a 3.5 month supply.
Bend Oregon real estate statistics- Average Bend Home Sales Prices and Average Listing Prices
What a weird Bend home sale price number! Big dip from last month, which spiked upwards, though clearly the rest of the numbers don’t explain it. Can I? Why yes, I believe I can. My own business dovetails with this nicely. Last year we had far fewer brand new, entry level homes on the market. This year there are tons of them, as mega-tract neighborhoods spring up all over the east side. I had three closings in April (and two more this month that are the same type) with millennial buyers, and by and large they want a brand new, entry level ($350k to $450k) home, all of which are on the east side. I believe this is why we have such a weird dip this month. This is also why I started the new page with stats for each area, as the east side is changing very rapidly, and will alter statistics for a long time to come. I will be looking forward to next month to see how this plays out.
(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 story of this chunk of Bend Oregon real estate statistics is that there are FAR more homes on the market this year. 440 vs 376 last year. Pendings are slightly up, Solds slightly down, the usual bumping along up and down this time of year.
Bend Oregon real estate statistics- BEND HOME PRICES PER SQUARE FOOT
Bend Oregon homes price per foot dipped along with the sales numbers in April, and I think the same reason is at play as I mentioned above in the sale price chart chat. Tons of brand new east side entry level homes being sold this Spring, as we finally have those to sell, just in time for a huge surge in millennial buyers. Interestingly enough, this Bend Oregon real estate statistics dip is EXACTLY the same as the one we had last year from May to June- 239 to 227. Then the next month it spiked to 244. That was an anomaly, and despite my explanation based upon my own Bend real estate business, this may be as well.
Expect $250- $400 a foot on the West side , and $175- $225 on the East side, again, per square foot.