Bend real estate market statistics November 2012

Posted by Sedonia Darling on Thursday, November 8th, 2012 at 11:08am.

Bend Real Estate Market Update October 2012

Housing statistics Bend Oregon

 A look at the Bend housing market

Currently there are only 534 stick built homes that are showing Active on the MLS in Bend. Here is a general break down of the current market numbers in regards to active, pending, and sold home listings in Bend.  All statistics are provided by the Central Oregon MLS and are only for stick built single family homes (excluding townhomes, manufactured homes, timeshares, and condos).

  • 534 Active listings
  • 57 Short Sales with offers on them, but still accepting back up offers
  • 428 Pending Sales
  • 194 homes  sold in October of 2012

What does this tell us?  Our market is short on inventory!  Currently we have a shortage of inventory and a surplus of buyers. Because of this, homes are usually selling close to the listing price.  Below is a chart with the listing price to sold price statistics.


Sold home statistics Bend October 2012

Because of our current market inventory, home prices are on the rise.  Below is a graph of the average price per square foot of Bend homes in 2012. As you can see, the average price per sq ft has jumped drastically starting this spring.

Bend homes average price per sq ft

Currently the under $200,000 price range is very competitive with not much inventory.  There are only 79 homes currently active on the MLS in this price range.  Most of them either need work, or they are overpriced.  When a "good deal" comes on the market it is swooped up within days, and usually with multiple offers.  Many homes in this price range are getting bid up well beyond the listing price.  If you're a home buyer looking to buy a home in Bend right now, the best thing to do is to sign up for my listing updates. This way you'll be informed of new listings as soon as they hit the market.  If you're searching on your own... many times homes will sell before they hit the pubic real estate sites.

 

Written by Sedonia Darling

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BendRealEstateSearch.com

Berkshire Hathaway | The Darling Real Estate Group
404 SW Columbia St #110 | Bend, OR 97702
(541) 541-749-0509 

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