Tuesday, May 14, 2013

The Bend Oregon Real Estate Market Is Heating Up

The Bend Oregon real estate market is heating up!  The average price of a home sold in the first quarter of 2013 was up 27% over the average price over the same period of time in 2012.  Distressed home sales are on the decrease.  As of this posting there were only 3 bank foreclosures for sale in Bend and 13 short sales.



That is one of the reasons for the increase in prices. Another reason is that upper end home sales are also picking up.  There were 55 homes sold in Bend for over $500,000 in the first quarter of 2013.  Three of those homes sold for $1,000,000 or more. 

Bend is a great place to live and buyers young and old are moving to Central Oregon for the weather and the life style.  Even thought prices are on the rise there are still some on buys on the market and interest rates are near all time lows.  Bend Oregon Real Estate Expert is a family owned company with world wide marketing and home town service.  Call us today so we can help you with your real estate transaction!

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