Higher Prices for Bend
The Bend Bulletin reported today that home prices in Bend rose in September to its highest level in five years. The median price of a single family home in Bend rose to $298,000. That's up from $265,000 in August. The median price has not been above $300,000 since June 2008 which was 4 months before the start of the Great Recession.
It looks like the Bend market has made a good come back even though activity is starting to slow. New home sales are picking up as prices have risen enough to make spec home sales profitable for builders once again.