Bend Oregon buyers should be aware that inventories of homes for sale in Bend are down substantially. The graph below is self explanatory. It shows inventories are way down. Sales and pending sales are headed up. Pending sales have more than doubled in the past year.
Bend Oregon Home Sales
Many of the pending sales are bank foreclosures. There are some really good buys out their right now. We are seeing some amazing buys out there. I just showed a house in Broken Top, one of Bend’s most prestigious neighborhoods. It was listed for $475,000 and had sold for $960,000 in 2006. It’s value could have been over $1,000,000 at the peak in 2007.
So the bottom line is most homes are now selling at half the price they were at the peak of the market. More and more buyers are snatching up the good buys and inventories are down. I think we are hitting the bottom of the market right now. I think it will be a flat recovery but now is definitely the time to buy!
Falling Home Inventory
If you’re thinking about buying a home in Bend you should sign up for Jim’s free New Listing Notification Service or call or e-mail today. Jim Johnson is a Certified Residential Specialist and has been selling quality homes in Bend Oregon since 1981.
Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert. E-MAIL or go to Bank Foreclosure Information.
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