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Cascade Sotheby's International Realty

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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 continuesto stumble onward.

November brought the anticipation of Mt. Bachelor’s opening,

Bend Oregon Real Estate http://www.bestbendhomes.com/bend-oregon-real-estate-6/

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cold north winds, Thanksgiving (and much to be thankful for!), and a rather frosty 119 sales of homesin 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 ayear; probably more a commentary on the lack of high-end sales than an evil trend. We also saw ourfor sale inventory continue to plummet . . . to just 559 units. Even with the paltry sales figures, that’sjust 4.7 months of inventory.

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Notices of Default also fell to numbers not seen in years . . . just 114 (that’s more than 10% below lastmonth’s figure). Likewise, sales of distressed properties in Bend declined for the month ofNovember–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 GennaStadium.”

The 1036 square foot home had a kitchen.

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It was bank-owned, and sold for $80,000 or $77 per square foot. in happier real estate times (2006), itsold for $205,000.

High End . . . Bend Homes

Nothing near the $1 million mark this month. The winner was a “beautiful 5232 square foot home onAwbrey 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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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 excellentwine) . . . 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 BrasadaRanch, a most difficult short sale finally closed. The realtors did an incredible job!

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