I have a great example of this as I had a listing go pending before going live in the MLS. Please click on the house picture below to see my featured listing that went pending last week. A beautiful town home located in the Orchard District in the heart of midtown. Call me to list your house.
How about some numbers. The median home price in Bend rose to $590,000, up $15,000 from the previous month and up over $100,000 for the same time in 2020. Days on the market held steady at 4 with an inventory of only 0.49. Every price band in the market trend report listed below for Bend closed above asking price in March.
The story is the same in Redmond. The median price of a single family home in March was $412,000, up $49,000 from March 2020, and up $73,000 from March 2020. Days on the market was steady at 4 with an inventory of 0.50. Most price bands closed over asking price.
Sunriver: Median price $775,000, days on the market 3 and inventory at 0.4.
Sisters: Median price $428,000. days on the market 6 and inventory at 0.5.
LaPine: Median price $308,000, days on the market 4, and inventory at 0.6.
Crook County: Median price $383,000, days on the market 9 and inventory 0.76.
Buyers be ready and prepared to make in offer right away and sellers be ready to have some place to move!
Take a look below at a new ad I’m running on the movingbend.comwebsite. What family do you know that I can help with real estate here in Central Oregon?
I have included some specific market numbers below in my market trend report along with the Beacon Report that looks at all the smaller towns in our area in more detail.
Please let me know if you would like a current market value of your home, need a name of a service provider to fix something at your home, need a lender to get some finance numbers, have any real estate questions or would like information on specific properties or the current state of the market. I want to be your resource for all real estate needs here in Central Oregon.
I live in Bend but serve all of Central Oregon with client’s real estate needs.
Please reach out to me if I can help you, or someone in your friend and acquaintance circle, with real estate in Central Oregon.
All the best,
Mark
