Bend Area Real Estate Market Conditions
01/07/2013 Bend market review for 2012
7/9/08 June Bend real estate market statistics
As of Nov. 16th, there are currently 2053 residential properties available in the Bend area. 200 residential properties are currently pending sale, and 189 residential properties have sold since Oct. 1st. What does this mean?
It is certainly a "Buyer's Market". Buyers have many homes to choose from and interest rates are still low. As winter approaches sellers are getting anxious. Buyers will see many properties coming off the market for winter. This is because sellers are letting their listings expire, as they're looking forward to spring. We'll see many homes come back on the market in the spring time.
Now until spring offers Bend buyers a great opportunity. There are a lot of sellers in a must sell situation, which means buyers have more negotiating power. Sellers are offering home warranties, down payment assistance, and a variety of creative financing incentives.
Redmond has a similar market. These are the states as of Nov. 16th for Redmond.
929 active residential listings
61 pending residential sales
and 65 residential properties have sold in Redmond since Oct. 1st.