We just sold one of our listings after it had been listed for three days. We also sold another listing the first week. This is not uncommon for homes that are priced right. Multiple offers are common. The last sale had two offers on it and sold for over full price.
The last research I did showed home prices up 3% from the previous year. Bank foreclosures are becoming fewer and fewer. There are still good buys out there but they are becoming harder to come by. Now is the time to buy whether you are an investor or a home owner. Bend Oregon real estate is a great investment.
Monday, May 28, 2012
Saturday, May 12, 2012
Bend Oregon Real Estate - Market Update
It looks like the market in Bend is going to bottom out this year. We are now receiving multiple offers on homes under $250,000. That is if they are priced right.
It also looks like the market in Redmond Oregon, Sisters Oregon, La Pine Oregon, Prineville Oregon and Sunriver Oregon may bottom out as well.
Bend Oregon Bank Foreclosures are also becoming scarce. There are only about one third the number of bank owned homes for sale today as compared to 2 years ago. Plus the number of notices of default are also about one third of what they used to be. This decrease in the notices of default means there will be fewer and fewer bank owned homes coming on the market in the future.
If you are selling or buying Bend Oregon real estate call Matt or Jim Johnson at Bend Oregon Real Estate expert. We are a father and son team and have been selling homes in Bend since 1981. Of course Matt was 2 years old in 1981 but he has been working full time in the real estate business since 2001.
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