Home Prices in Bend, OR were UP in Septmeber!

By
Real Estate Agent with RE/MAX Key Properties - Luxury Homes, Golf Course Homes

Home Prices in Bend are Up in August - Here's hoping it's a trend!

The Bend Bulletin posted the following article this morning, "Home prices in Bend, Redmond rebound:

The median sales price of a single-family home in Bend bounced back up last month to $190,000 after diving to $175,000 in August, according to a report Tuesday from Bratton Appraisal Group of Bend.

While September's median was 8.6 percent higher than August, it was still 4.5 percent below September 2009, when the price was $199,000.

Redmond's median sales price also rebounded in September, rising 19.6 percent from August to $122,000. But that was down 21.3 percent from the September 2009 median of $155,000.

Bend's peak sales price was $396,000 in May 2007. Redmond's was $289,000 in November 2006.

Bratton's numbers do not include condominiums, townhomes, manufactured homes and acreage.

In Bend, the median sales price per square foot — considered in the industry to be a better measure of value — was $108 in September, up from $99 in August, but down from $113 in September 2009. In Redmond, the median sales price per square foot rose to $76 from $70 in August, but was down from $86 a year ago.

I personally have seen an increase in activity from both buyers and sellers.  In addition to these numbers, there are currently 95 bank owned homes listed for sale in Bend.  With the nationwide halt to foreclosures by several national lenders we may see a decrease in bank owned homes hitting the market in Bend. Not all lenders are halting foreclosures so the constant stream of bank owned homes hitting the market in Bend may be here to stay.  Since Sunday 10 foreclosures have come on the market.  Either way, it's a good time to buy a home in Bend!

Posted by

Thanks for reading my Bend, OR Real Estate Blog! Kryste Adams, Broker

 
Search the Central Oregon MLS with RE/MAX Key Properties
 
 
cell: 541.706.1556 | email: adamskryste@gmail.com
 
Check out this weeks favorite lunch spot in Bend, Pastrami Old World Deli.
 
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Oregon Deschutes County Bend
Groups:
City & State: Listings and Market Reports
Everything Oregon
Moving to Oregon
Posts to Localism
"Whacked"!!!
Tags:
bend homes for sale
bank owned homes
foreclosures
reo
september home prices
real estate market reports
taft dire
kryste adams
short sale

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
362,787
Kim Boekholder **Results Real Estate**
Results Real Estate 801.580.5624 - Sandy, UT
Broker, Selling Salt Lake Homes

I love Bend, such a beautiful place to live, work and play.  Congratulations on a market that is showing signs of improvement.

October 13, 2010 11:11 PM #1
Rainmaker
572,428
Phil Leng
Keller Williams Eastside Market Center - Kirkland, WA
Phil Leng Team - Residential Real Estate Experts &

Hi Kryste

Good post.

Interesting that your market is up somewhat.

Lots of foreclosres everywhere.

Thanks

Phil

October 16, 2010 01:36 AM #2
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
123,555

Kryste Adams

Bend, Oregon Real Estate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information