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Hot, Hot, Hot (The Weather, Not The Market)
Dog Days of Summer While the “Dog Days of Summer” brought sweltering weather to Bend, the real estate wasn’t so hot. Things stalled out a bit. And, as our fearless pundit had prophesied a month ago (” . . . we’ll be lucky to see 175 sales in July”), the market took the hint and…
Inventory Swells; Bend’s Median Price Sinks
What’s Up? June 2022 In past months, we’ve hinted at change ahead in our market. Well, that change is here . . . reflected by a rather substantial increase in our available inventory. While still a strong “seller’s market,” we’ve seen our available inventory jump to 1.9 months overall . . . the first real…
The Times They Are A-Changin’ . . .
The Shift Is On The times have actually been changing for awhile; the market shift has been subtly happening for months. We’ve seen a bit of a rise in available inventory–both nationally and locally (up to 1.3 months now!). Even a move slightly into buyer’s territory; though still a very long ways from an actual…
April 2022 . . . A Crazy Month!
A Crazy Month A crazy month . . . we’ve whined about a lack of snow at Mt. Bachelor for most of the season, then along comes April . . . dumping more snow than what we saw in the previous three months combined. Some truly epic powder days (most of which occurred while your…
When Will Bend Home Prices Drop?
When Will Home Prices Drop in Bend? I think the short answer is “not any time soon.” The continuing shortage of available inventory combined with the seemingly insatiable demand (“everyone wants to live in Bend!”) will surely keep things rolling for awhile at least. Still there are rumblings, and a couple of recent articles that…
February 2022 . . . Bend’s Median Price Soars to $769,000
February 2022 Once in a very great while, our resident pundit gets it right. In February, he did just that. In last month’s “Looking Ahead” section, he casually stated that Bend’s median priced home might top $700,000 . . . an impossible number you say . . . we all thought so! But it did…
Inventory Woes Continue in January
A Recap of 2021 Despite the pandemic and its associated difficulties, 2021 was another stellar year for real estate in Bend. Here’s a quick recap, broken down into quarterly sales: Quarter # of Sales Median Price Q1 449 $590,000 Q2 723 $640,000 Q3 708 $650,000 Q4 596 $675,000 A total of 2476 sold; median price…
December 2021 . . . The Year Comes to an End (Finally)
The Year Comes to an End Whew! Finally! It seemed like the year would never end . . . another year of masks, vaccines, quarantines, mandates, and divisiveness. Also, another year of frenzied real estate activity in Bend. It seemed that 2o20 was one for the ages, but 2021 topped it! Historic inventory shortages, unabated…
Bend’s Median Skies to $685,000
An All-Time High . . . $685,000 Bend’s impatient wait for snow at Mt. Bachelor in November was superseded by the huge bump in our real estate market’s median price . . . up to $685,000. That’s a remarkable jump of $40,000 over last month’s figure. While the high end of the market continued to…
October 2021 . . . Kind of a Boring Month
The Bend Market . . . October 2021 We didn’t quite see all the ch-ch-changes that David Bowie had predicted last month. Instead, the Bend real estate market rocked on in October. We again saw more than 200 homes (single family residential on less than an acre) purchased . . . 212 to be exact….