Posts with tag 'bend real estate trends'
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Bend Luxury Homes | 3rd Quarter 2024 Trends
Bend Luxury Home Inventory is Up
For Bend buyers looking for their ideal luxury home, there was a significant increase in the number of homes for them to pick from in 3rd quarter 2024. When we look at Bend million dollar homes, the categories of homes for sale over $1,300,000 had anywhere from 45% to 89% more listings for buyers to consider. It appeared that more sellers were willing to list their property in 2024 than in 2023, perhaps tied in with lower
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Central Oregon Real Estate Market Trends - Third Quarter 2024
Is Central Oregon Real Estate Moving to a Balanced Market?
In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would be less and the delayed move they planned on taking could finally happen.
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Bend Premier Real Estate | October 2024 Newsletter
What's in the October 2024 Bend Premier Real Estate Newsletter?
- Bend Home Sales Are Up
- Easy Cheeseburger Soup
- Fall Activities in Central Oregon
- Canyon Meadow Hike
- The Top Three Reasons Affordability is Improving
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Bend Oregon Real Estate | September 2024 Trends
Bend Home Sales Up With More Inventory and Lower Mortgage Rates
It appears that the tide has turned and Bend home buyers are now experiencing lower prices, more choices with more inventory, and better interests rates. This has enabled more buyers to enter the market and more sellers to have confidence listing their home, knowing that their replacement property will cost less than it did just six months ago. This has generated more early fall business than we normally see and a more balanced Bend real estate market.
When September 2024 is compared with September 2023, the following changes to Bend home sales can be noted:
- Average sales price down 11.3% to $837,153*
- Median sales price down 4...
3
Secrets To Selling Your Bend Home Quickly
Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.
According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below):
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