BEND OREGON REAL ESTATE

Bend Oregon Real Estate

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Matt grew up around his dad who has been selling real estate in Bend since 1981. Matt joined Jim in his real estate business in 2003 and the rest is history. Matt is one of the top real estate Brokers in Bend and can help you with all of your real estate needs. He also knows all the golf courses and fishing holes in Central Oregon so call or E-mail Matt today. 541-480-2153

Bend OR Real Estate

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If you are buying or selling Bend Real Estate Jim Johnson, Realtor, Designated Broker and CRS is the best qualified to help you with your transaction from negotiating the best price, writing the contract in your best interest, home inspections, appraisals, closing dates and possession dates. His real estate knowledge, experience and professionalism are what you need to make your move an easy one. Jim is your Bend Oregon Real Estate Expert.

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Bend OR Real Estate - Bend Oregon real estate is probably one of the best investments you can make in your lifetime. Bend is one of the most desirable places to live in the United States.

River Front Homes – Water front homes are rare in Bend and bring a premium price when available. There are no lakes in Bend with private property on the water. There is only the Deschutes River which runs from South to North through the heart of Bend.

Golf Course Homes – Bend has several golf course communities with homes on and away from the course. Awbrey Glen, River's Edge, Mountain High, Widgi Creek, Broken Top, Lost Tracks and Pronghorn are some of the main golf course communities in Bend. Bend's golf course community home prices start around $400,000 and go up to the multi-million dollar range. All of these communities are beautiful places to live in the high desert.

Great Neighborhoods - Bend is full of great neighborhoods in all sections of the city! NW, SW, NE and SE all have nice neighborhoods!
There's a neighborhood that's just what you are looking for.

Bend OR Real Estate – No matter what kind of property you buy Bend Oregon real estate will be a good investment. Bend has its' market fluctuations like the rest of the nation but will continue to be one of the most desirable places in the United State to live that gives you a high return on your investment.

Retire in Bend Oregon! - Bend Oregon is one of the best places to retire in the United States. It has everything a retired person could want. Bend Oregon real estate is now very affordable. Bend also has some great Retirement Communities.

Bend Oregon Golf Courses - There are many great golf courses in Bend. Central Oregon is becoming a Mecca for second homes and retirees are living here for the great summer time golf. There is no better place in the United States than Bend to play 18 holes during Spring, Summer and Fall.

Awbrey Glen Golf Club in NW Bend, Bend Golf and Country Club in SE Bend, Broken Top Club in SW Bend, Lost Tracks Golf Club in SE Bend, Pronghorn is NE of Bend, Tetherow, Widgi Creek Golf Club in SW Bend and River's Edge Club in NW Bend are courses that are in the immediate area. There are numerous other courses within an hours drive. There are over 20 golf courses in Central Oregon.

Bend Oregon
Golf Course Telephone Numbers

Awbrey Glen Golf Club ……....................................541.385.6011
Bend Golf & Country Club ……….............................541.382.5771
Broken Top Club ……………......................……............541.383.8200
Rivers Edge Golf course …….................……..............800.547.3928
Lost Tracks Golf Club ……….................……...............541.385.1818
Remington Ranch ……………................….......….........877.730.7624
Tetherow ……………...........................……………........ .....541.318.1234
Widgi Creek Golf Club ……...............……....…...........541.382.4449

BEND OR REAL ESTATE

December Existing-Home Sales Show Uptrend

Washington, DC, January 20, 2012

Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®.

The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in November, and are 3.6 percent higher than the 4.45 million-unit level in December 2010. The estimates are based on completed transactions from multiple listing services that include single-family homes, townhomes, condominiums and co-ops.

Lawrence Yun, NAR chief economist, said these are early signs of what may be a sustained recovery. “The pattern of home sales in recent months demonstrates a market in recovery,” he said. “Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.”

For all of 2011, existing-home sales rose 1.7 percent to 4.26 million from 4.19 million in 2010.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to another record low of 3.96 percent in December from 3.99 percent in November; the rate was 4.71 percent in December 2010; recordkeeping began in 1971.

NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said more buyers are expected to take advantage of market conditions this year. “The American dream of homeownership is alive and well. We have a large pent-up demand, and household formation is likely to return to normal as the job market steadily improves,” he said. “More buyers coming into the market mean additional benefits for the overall economy. When people buy homes, they stimulate a lot of related goods and services.”

Total housing inventory at the end of December dropped 9.2 percent to 2.38 million existing homes available for sale, which represents a 6.2-month supply2 at the current sales pace, down from a 7.2-month supply in November.

Available inventory has trended down since setting a record of 4.04 million in July 2007, and is at the lowest level since March 2005 when there were 2.30 million homes on the market.

“The inventory supply suggests many markets will see prices stabilize or grow moderately in the near future,” Yun said.

Foreclosures3 sold for an average discount of 22 percent in December, up from 20 percent a year ago, while short sales closed 13 percent below market value compared with a 16 percent discount in December 2010.

The national median existing-home price4 for all housing types was $164,500 in December, which is 2.5 percent below December 2010. Distressed homes – foreclosures and short sales – accounted for 32 percent of sales in December (19 percent were foreclosures and 13 percent were short sales), up from 29 percent in November; they were 36 percent in December 2010.

All-cash sales accounted for 31 percent of purchases in December, up from 28 percent in November and 29 percent in December 2010. Investors account for the bulk of cash transactions.

Investors purchased 21 percent of homes in December, up from 19 percent in November and 20 percent in December 2010. First-time buyers fell to 31 percent of transactions in December from 35 percent in November; they were 33 percent in December 2010.

Contract failures were reported by 33 percent of NAR members in December, unchanged from November; they were 9 percent in December 2010. Although closed sales are holding up better than this finding would suggest, contract cancellations are caused largely by declined mortgage applications and failures in loan underwriting from appraised values coming in below the negotiated price.

Single-family home sales increased 4.6 percent to a seasonally adjusted annual rate of 4.11 million in December from 3.93 million in November, and are 4.3 percent higher than the 3.94 million-unit pace a year ago. The median existing single-family home price was $165,100 in December, which is 2.5 percent below December 2010.

Existing condominium and co-op sales rose 8.7 percent to a seasonally adjusted annual rate of 500,000 in December from 460,000 in November but are 2.0 percent below the 510,000-unit level in December 2010. The median existing condo price was $160,000 in December, down 3.0 percent from a year ago.

Regionally, existing-home sales in the Northeast jumped 10.7 percent to an annual pace of 620,000 in December and are 3.3 percent above a year ago. The median price in the Northeast was $231,300, which is 2.7 percent below December 2010.

Existing-home sales in the Midwest rose 8.3 percent in December to a level of 1.04 million and are 9.5 percent above December 2010. The median price in the Midwest was $129,100, down 7.9 percent from a year ago.

In the South, existing-home sales increased 2.9 percent to an annual level of 1.76 million in December and are 3.5 percent above a year ago. The median price in the South was $146,900, down 1.1 percent from December 2010.

Existing-home sales in the West rose 2.6 percent to an annual pace of 1.19 million in December but are 0.8 percent below December 2010. The median price in the West was $205,200, up 0.3 percent from a year ago.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

# # #

NOTE: For local information, please contact the local association of Realtors® for data from local multiple listing services. Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

1Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from multiple listing services. Changes in sales trends outside of MLSs are not captured in the monthly series. A rebenchmarking of home sales is done periodically using other sources to assess the overall home sales trend, including sales not reported by MLSs.

Existing-home sales differ from the U.S. Census Bureau’s series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which account for more than 90 percent of total home sales, are based on a much larger sample – about 40 percent of multiple listing service data each month – and typically are not subject to large prior-month revisions.

The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

NAR published benchmark revisions to sales and inventory data for 2007 through 2011 on December 21, 2011. The data and background are posted at www.realtor.org/research/research/ehs_benchmarking.

2Total inventory and month’s supply data are available back through 1999, while single-family inventory and month’s supply are available back to 1982 (prior to 1999, condos were measured quarterly while single-family sales accounted for more than 90 percent of transactions).

3Distressed sales (foreclosures and short sales), all-cash transactions, investors, first-time buyers and contract failures are from a monthly survey for the Realtors® Confidence Index, posted at Realtor.org.

4The only valid comparisons for median prices are with the same period a year earlier due to the seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if more data is received than was originally reported.

The Pending Home Sales Index for December will be released January 25 and existing-home sales for January is scheduled for February 22. Fourth quarter and 2011 annual metro area home price and state resale data will be released February 9; all release times are 10:00 a.m. EST.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section. Statistical data in this release, other tables and surveys also may be found by clicking on Research.

REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.
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Jim is a Certified
Residential Specialist

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As a Certified Residential Specialist - the residential real estate industry’s most advanced “degree,” My knowledge of the market will help save you time and money when you’re buying a home or increase your profit when you’re selling one. Call me, Jim Johnson, at 541-389-4511 for a confidential, no-obligation consultation. I would like to be your Bend Oregon Real Estate Agent.

I have lived in Bend since 1981 and know the market well. Dad and I have been partners in real estate since 2003 and provide quality service for our clients. Call me, Matt Johnson at 541-480-2153 for a confidential, no-obligation consultation. I would like to be your Bend Oregon Real Estate Agent.

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