CURRENT BEND OREGON REAL ESTATE STATISTICS FOR NOVEMBER 2019
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- Average Bend Home Sales Prices and Average Listing Prices
Prices tipped back up in October, reverting to some kind of mean after an off kilter dip in September, after an off kilter gain in August. 3 month averages are often the best way to get a handle on where prices are, and if we average the Bend Oregon real estate statistics for sold prices over the last three months, we get an average of $622,000, which sounds about right to me. As this is traditionally the end of the sales year, I’m going to call out our year over year price gain. Last year’s average for the same three months was $553k,000, so that gives us a YOY change of 11.1%.
(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- Days On Market and Sales Prices vs List Prices
Hand in hand with higher sales prices comes lower days on market. Last year the average from list to close was 117 days in October, this year, it’s even less at 107. Homes are selling in the slower Fall market at 95% of their list price, the same mark as in 2018.
On the West side of Bend the numbers on this set of Bend Oregon real estate statistics are lower, and a bit higher in East Bend.
Bend Oregon real estate statistics- Home Sales Inventory
The Bend Oregon real estate statistics numbers for inventory fell to a new low for the past 12 months, of 2.5. Last year, in a very low inventory market, it was 3 months. It’s rough out there! Across the United States, 6-7 months inventory is considered “normal”. We haven’t been “normal” in many, many years.
Bend Oregon real estate statistics- Number of Homes Sold, Pended, and For Sale
All across the board we are being squeezed in terms of supply, which accounts for that low Bend Oregon real estate statistics inventory number. Versus 2018, there are far fewer homes on the market, far more solds, and far more pendings.
Bend Oregon real estate statistics- Bend Home Prices Per Square Foot
My favorite of the Bend Oregon real estate statistics is always the price per foot, as is it used by many brokers to create comps for both listings, and for offers. We have a new high for the year at $267 per foot! I’ve been surprised to see very few numbers out there under $200 a foot, even on the East side, and many over $400 a foot in the West.
Expect $250- $400 on the West side , and $175- $225 on the East side, again, per square foot.