Bend Real Estate Market
A report out of Washington showed real estate sales down in most states including Bend Oregon but not in California or Nevada. The California real estate market is a leading indicator for the Oregon real estate market. The better the California market does the better the Oregon market does. 4 out of the last 6 sales my partner and son Matt Johnson and I have made have been to California buyers. One was to a local buyer and one was from local school teachers teaching in Dubai and spending summers in Bend.
News that the California market is picking may be a good sign. I have 4 buyers scheduled to arrive in Bend in the next couple of months and 1 in November to buy property. 4 are from California and one is from Montana. Price ranges are between $250,000 to $800,000. Golf course lots and golf course homes are being looked at.
I do read on California real estate blogs that there are still plenty of short sales and bank foreclosures in certain parts of California. That will indicate that prices in these areas will remain depressed for a while longer. Over all though Bend Oregon real estate prices are looking very attractive to many out of area buyers. Even the Portland market has remained fairly strong.
There are many well priced homes for sale in Bend making for some great buys for the out of town buyer as well as for the local buyer.
Jim Johnson has been selling quality homes in Bend Oregon since 1981. Call 541-389-4511 or see his web site http://www.bendoregonrealestateexpert.com .
If you would like to make a comment on this post or on the Bend Oregon real estate market click on "comments" below. Jim is licensed by the State of Oregon as a Principal Broker for Century 21 Gold Country Realty.