Bend Oregon Real Estate
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Bend Oregon Real Estate
by John and Sandy Kohlmoos on December 6, 2011
Real Estate in Bend Oregon . . . November 2011 We did get some positive unemployment news, but, still, the Bend Oregon housing market continues to stumble onward. November brought the anticipation of Mt. Bachelor’s opening,
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12/12/11 4:33 PM
Bend Oregon Real Estate
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cold north winds, Thanksgiving (and much to be thankful for!), and a rather frosty 119 sales of homes in Bend. That’s down almost 18% from October’s figure and off a little over 10% from a year ago. I think I’ll throw in a little Facebook humor just to liven things up:
Trends in Bend Real Estate We saw the median price for a home in Bend drop to just $167,000 . . . the lowest number in almost a year; probably more a commentary on the lack of high-end sales than an evil trend. We also saw our for sale inventory continue to plummet . . . to just 559 units. Even with the paltry sales figures, that’s just 4.7 months of inventory.
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12/12/11 4:33 PM
Bend Oregon Real Estate
http://www.bestbendhomes.com/bend-oregon-real-estate-6/
Notices of Default also fell to numbers not seen in years . . . just 114 (that’s more than 10% below last month’s figure). Likewise, sales of distressed properties in Bend declined for the month of November–just 63 (26 bank-owned, 37 short sales).
Homes Sales in Bend . . . Price Ranges The lost leader for the month was “a great 3 bedroom, 1 bath home in SE Bend . . . near Vince Genna Stadium.”
The 1036 square foot home had a kitchen.
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12/12/11 4:33 PM
Bend Oregon Real Estate
http://www.bestbendhomes.com/bend-oregon-real-estate-6/
It was bank-owned, and sold for $80,000 or $77 per square foot. in happier real estate times (2006), it sold for $205,000.
High End . . . Bend Homes Nothing near the $1 million mark this month. The winner was a “beautiful 5232 square foot home on Awbrey Butte. The 4 bedroom, 3.5 bath beauty went for $700,000 . . . or $134 per square foot.
It offered 3 distinct living areas, a private office, main level master, cherry wood kitchen with granite,
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Bend Oregon Real Estate
http://www.bestbendhomes.com/bend-oregon-real-estate-6/
and an extensive wine cellar (all good stuff!).
I always hate to throw a damper on things (especially when I’m still contemplating all that excellent wine) . . . in 2007, this home was listed for $1,250,000.
Other Notable Sales This one doesn’t show up in the record books, but it’s still a significant sale. A cabin at Brasada Ranch, a most difficult short sale finally closed. The realtors did an incredible job!
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Bend Oregon Real Estate
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Sandy Edwards Kohlmoos and one other person like this.
12/12/11 4:33 PM