The July statistics reveal an interesting road for real estate in Bend Oregon . . . sales figures are up, as is median sales price, however, notices of default (a measure of future foreclosure activity) remain near record levels.

Home sales in Bend Oregon . . . up 10%

The number of houses sold in Bend Oregon in July reached 152 . . . that’s an increase of 10% over June’s figure, and a shocking 41% over the figure from a year ago.  The range of sales continued to run the typical Central Oregon real estate gamut.  The least expensive sale being a 1008 square foot cottage in Deschutes River Woods built originally in 1970.  And, as the listing mentioned, “The current cottage needs work” . . . perhaps just a bit of an understatement.

The home in Bend sold for a bargain $65,000!  It did not feature a gourmet kitchen.

At the other end of the spectrum was a wonderful circa 1935 home in Bend on the Deschutes River at Mirror Pond.  This classic featured wonderful views of Drake Park and sold at $1.550 million, or $448/square foot.

Find more information on riverfront homes in Bend.

Median Sales Price in Bend . . . $217,000

The median sales price fro a home in Bend Oregon moved up a hair in July to $217,000 . . . that’s 4% higher than June, but a shocking 45% below the peak in May of 2007.  The picture below is what one could expect to find at the median price . . . . it was a short sale–almost 2500 square feet with 3 bedrooms and 2.5 baths; it was built in 2008.

For the month, median price per square foot was $109 for a home in Bend.

Notices of Default

There were 335 NOD’s issued in July.  The total number for 2009 has now surpassed all of 2008.

For more information on homes for sale in Bend Oregon or Central Oregon real estate, or to find foreclosure opportunities, please click.