Posts with tag 'Easton'
Subscribe and receive email notifications of new blog posts.
RSS Feed
7
Bend Oregon Real Estate | 2024 Trends and 2025 Predictions
More Bend Home Inventory and Moderate Price Increases Were the Norm for 2024 Sales
2024 Bend home sales experienced modest price increases for the year, but Bend home buyers were fortunate to have more options. Sellers who had hesitated putting their property on the market during Covid and following when mortgage interest rates were close to 8% finally had more inclination to do so when mortgage rates dropped to the mid 6% range during the summer of 2024. Delayed moves which were offset by high mortgage rates for a subsequent purchase finally made sense when rates dropped. Although there was an increase in home prices and sales for Bend single family homes, it was modest. With more in...
6
Bend Oregon Real Estate | November 2024 Trends
More Inventory Means More Choices for Bend Home Buyers
There are more homes on the market for potential Bend home buyers to choose from than there were at the same time last year. With more inventory, there has been more motivation for sellers to negotiate price and terms with buyers. This in turn has resulted in homes selling for less than asking price, often after price reductions, in order to generate offers. While the overall sales price is up slightly over the same time last year, the months of supply is up over 11%.
When the data from November 2024 for Bend single family home sales on less than an acre is compared with those from November 2023, the following changes can be seen:
- Average sales price up 4.1% to $888,821
- Median sales price up 2.6% to $711,875
5
Bend Oregon Real Estate | October 2024 Trends
Bend Home Prices Up In October
The trend seen over the past four months changed in October when year over year Bend home prices rose rather than fell. Both average and median Bend single family home sales prices were up, perhaps a reflection of lower interest rates seen in September which enabled more home buyers to purchase higher priced homes or an unusual anomaly which was reflected with a large number of million dollar plus homes (over 35% of total home sales) closing. Typically in the fall,
8
Bend Oregon Real Estate | July 2024 Trends
Bend Real Estate Sales at a Crossroads
The data has been published and the trends we have seen for many years for Bend home sales have changed. Instead of seeing home sales prices increasing year over year, in July 2024 home sales prices decreased year over year. This change directly reflects on the increased inventory levels the town has experienced in the last few months. The Covid pandemic resulted in tremendous dema...
8
Bend Oregon Real Estate | June 2024 Trends
Bend Home Prices Up as are Inventory Levels
Bend home prices are up year over year but so are inventory levels. The rate of the increase in Bend home prices has dropped, but we are still not experiencing overall reduced home prices. While buyers have more options, mortgage interest rates (just short of 7% as of July 3, 2024) remain high which has limited the buying power for many. July typically is the busiest month of the year for Central Oregon home sales and it remains to be seen whether the combination of high prices and high mortgage interest rates will curtail Bend real estate sales this summer.When June 2024 is compared with June 2023, the following changes for Bend single family home sales on less than an acre can be noted:
Privacy Policy / DMCA Notice / ADA Accessibility
