Posts with tag 'Bend New Construction'
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Bend Oregon Real Estate | March 2024 Trends
Bend Home Prices Up and Inventory Levels Down
Despite the trends for January and February 2024 in which prices seemed to stabilize, the sales price of Bend homes rose unexpectedly in March. The year over year figure shows both median and average Bend home prices were up over 12% and inventory levels were down. When coupled with the steep rise in prices, affordability remains a major problem for potential Bend home buyers.
When March 2024 is compared with March 2023 for Bend single family homes on less than an acre, the following trends are noted:
- Average sales price up 12% to $893,967*
- Median sales price up 13.2% to $760,000
- Average list price up 9....
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Bend Oregon Real Estate | November 2023 Trends
Bend Home Sales Slow
There is a seasonal slow down experienced every fall for Bend real estate sales. When school starts, many would-be Bend home buyers focus on other things. While retirees and second home buyers may be active in early to mid fall, once Thanksgiving comes, the number of Bend real estate sales drop as both buyers and sellers tend to concentrate on holiday activities with home sales secondary to celebrating the season. In 2023, however, the annual slow down for Bend home sales typically seen in November was exceptional. When November of 2023 is compared with November of 2022, Bend single family home sales on less than an acre reflect the following:
- Average sales price up 3.5% to $859,650*
- Median sales price up 1% to $702,750
- New listings down 26.1% to 82
- Homes for sale down 29.9% to 281
- Pending sales down 18.7% to 87
- Sold homes down 24.1% to 104
- Average days on market up 22% to 50
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River's Edge Village Real Estate Market Trends
River's Edge is an Established Bend Golf Course Community
Located on Awbrey Butte's eastern flank, River's Edge Village was originally developed in 1987 along with the River's Edge Hotel and Convention Center and the first nine holes of the golf course. The second nine holes of the course were built in 1992 and the next 200 homesites platted around this upper location of the development were released for individual purchase, creating a unique subdivision. Subsequent phases of River's Edge have been developed by Pahlisch Homes with the contemporary architecture that is popular in Bend today. The golf course was purchased by the neighborhood in 2022 and is a favored public course.
Market Trends for River's Edge Single Family Home Sales
Home prices are gradually increasing in River's Edge. Unlike many Bend subdivisio...
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