We were pleased to see that on the Bend, Oregon housing front, year-to-date margins remain strong when compared to last year. The number of listings is dropping, while sales and prices continue to rise. This all equals absorption rates of 2.5 months of residential inventory, compared to 4.2 months last year at this time. See the chart below for details, and as always, contact our Bend, Oregon real estate office with any questions!
As we reported in the newsletter, and you can see from the chart above, NorthWest Crossing "continues to exist in a world populated by faeries and unicorns, with an average sale price so far this year that is 53.2% above Bend as a whole. (Don't get us wrong--we like faeries and unicorns.)"
In addition, the Central Oregon MLS shows that figures are up with the ending of the third quarter of 2012. Compared with the first three quarters of 2011, here's how the number stack up:
Number of homes sold, 1,489, up 17.4%.
- Average sale price, $258,511, up 9.7%.
- Median sale price, $216,000, up 12.3%.
- Total sale volume, $384,922,963, up 28.8%.
All this adds up to a great time to take another look at Bend, Oregon real estate. Whether you are buying or selling, now's a great time to be a home owner!