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Culture » Take Me Home

Take Me Home 11/11-11/18

A Look at Third Quarter Real Estate Numbers in Bend

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A Look at Third Quarter Real Estate Numbers in Bend

By Corinne Boyer

Home sales in Bend rose during the third quarter, continuing a trend of steadily increasing home prices that Bend real estate broker Cheri Smith says began in 2011. But that may not be the case over the next few months.

"Prices are up about 12 percent from third quarter last year, but they were only three percent from January 2015 to end of third quarter," she says. "They are continuing to increase but we are starting to see a bit of a slow down."

Smith thinks home prices have increased steadily because Bend is still affordable compared to similar towns.

"You can get something amazing here in Bend for around $500,000," she explains.

Available inventory was down for the third quarter, but sales are still up and Smith says her best guess is that most homes for sale are being bought.

The median home price at the end of the third quarter was $325,000.

For people who are considering selling, Smith says not to be discouraged by the winter.

"There's a perception that homes don't sell in the winter, and a lot of folks will take their homes off the market, but October was a great month," she says. "We've had some of the highest number of sales. Don't take your home of the market, because with the number of buyers you have a good chance of selling."

2808 NE Cordata, Bend, OR 97701

3 br, 2 ba, 1,354 sf, .02 acre-lot

built 1985 | $167,200

Listed by Allison James Estates & Homes of Oregon

1345 NW Milwaukee Ave., Bend, OR 97703

2 br, 2 ba, 1,001 sf, .09 acre-lot

built 1996 | $375,000

Listed by Fred Real Estate Group

2049 NW Trenton Ave., Bend, OR 97701

4 br, 4 ba, 2,410 sf, .35 acre-lot

built 1988 | $579,500

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