Bend Oregon Real Estate Update

It was no surprise when Mike Caba came out with his report this month from data provided by the Central Oregon Multiple Listing Service that real estate prices in Bend Oregon are down again. The median price of a single-family home was $287,000. That’s down about 16% from the July 2007 median price of $343,000.

The median price per square foot of homes sold was down to $152. That’s the lowest price since July 2005. Over 50% of the homes sold this past July were between $200,000 and $250,000. I look for prices to continue to decrease until possibly next spring. There are some really good buys on the market right now and plenty to choose from.

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/ . To see more information on Bend Oregon click on the link below http://bendoregonrealestateexpert.com/bendoregon.asp .
If you would like to make a comment on this post or on the Bend Oregon real estate market click on “comments” below.

New Bend Oregon Real Estate Blog Address Below

http://www.bendoregonrealestateexpert.com/bend-real-estate-blog/

Great time to buy real estate in Bend!

Prices are still falling!

Prices are still falling in Bend and now is a great time to buy! I look for prices to bottom out next spring.

SOLD

There are some good buys on today's market and properties priced right are selling. The river front property we mentioned a couple of weeks ago sold and there are buyers waiting.

Prices are Falling!

More and more properties are coming on the market and sellers are lowering their prices to sell their properties. I currently have several good buys. One is a river front home on .86 of an acre. It has a private trail to the river and Cascade mountain views. This is a very rare find in Bend and it's only $549,500. The home is 1,700 square feet and has a double car garage. This summer is a great time to buy real estate in Bend.

Here's a link to a Virtual Tour of Bend:http://www.distinctivehometours.com/tour.asp?tour=BendOregon

Buyer's Market

Now is the time to buy a home in Bend! There are more and more homes coming on the market and those sellers that really want to sell their homes are forced to lower their prices to the current market which is lower than the prices last year. These lower prices should last through this spring and fall.