As you may have heard, Prudential Northwest Properties is now Berkshire Hathaway HomeServices Northwest Real Estate. Prudential Northwest Properties was acquired by home services in 2013, and adopted the new Berkshire Hathaway HomeServices name in November. I'm excited for the change! Berkshire Hathaway is Warren Buffet's flagship company that is trusted world wide. Clients will bennefit from a company that provides it's agent with the best marketing tools and technology available.
Bend Winterfest This Weekend
The Bend Winterfest activities kick off this Friday, February 14th and run all weekend. Events include ski and snowboard big air and rail jam contests, live music, ice carving, crafts, food, spirits, family fun, and more. Most events are held at the Old Mill District. Tickets are $8 in advance from the old mill ticket office, or $10 at the door. Mt Bachelor season pass holders receive free entry with a valid season pass at the gate.
If you've never been to the Bend Winterfest, I'd suggest you check it out this year. It's a weekend full of fun for the whole family. I've received insider information that the snowboard and ski competitions are going to be bigger and better than ever before! For more information on events, schedules, etc, please visit http://oregonwinterfest.com.
Home inventory in Bend is low, and there are lots of serious buyers looking for homes. If you or someone you know is thinking about selling a home in Central Oregon, now may be the time to list before home inventory and interest rates go up. Call me to discuss your homes value in today's market.
Bend real estate market update
Our real estate market in Bend remains strong. Lack of home inventory remains the biggest issue for buyers, especially in the $250,000 and under price range. Homes that are priced right and in good condition are selling fast in this price range, and some are receiving multiple offers within days of coming on the market. In general, we're experiencing a sellers market. Interest rates and prices are expected to continue rising throughout 2014.
Bend Market Snapshot
All data based off MLS of Central Oregon for stick built homes only as of 02/10/2014. Does not include manufacture homes, condos, or townhomes.
639 stick built, single family homes currently for sale in Bend
327 homes are pending sale with offers accepted
117 sold homes in January 2014 (January is historically the slowest month for sales)
2013 Bend Real Estate Statistics
All information based off of the Bratton Report for stick built homes only.
In Bend, the median sales price jumped to its high of $298,000 in September, and ended at $267,000 in December
The month of May reported the most sales in 7 plus years with 249 sales
The Bratton Report reports that 2261 homes sold in Bend in 2013
The median price per square foot jumped from $104 per sq ft in January 2013 to $143 per sq ft by December 2013
New construction is booming! 80 building permits were issued in Bend for the month of June. More than any month since 2007.