Bank foreclosures in Bend Oregon are becoming a thing of the past. As of this posting there is one bank owned residential property for sale in Bend. It’s priced at $1,650,000. There have been 223 sales in the last year and there are currently 17 pending foreclosure sales.
However, there are 13 short sales currently on the market and 108 pending sales. All of these pending sales will not close as some lenders will not approve the sale at the current price. Although the banks are now working on approving short sales much easier than they did a few years ago. They have learned it’s much easier to approve a short sale than it is to foreclose. There have been 365 sales within the last year. That's one short sale every day.
Prices of homes in Bend are steadily climbing and interest rates are at an all time low. It looks like our market bottomed out about 18 months ago. Now is still a good time to buy before prices rise even further. Contact Jim or Matt today for help in finding your new home in Bend. We have been living, working and raising our families in Bend since 1981.