Posts with tag 'bend single family homes'
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Bend Oregon Real Estate | October 2024 Trends
Bend Home Prices Up In October
The trend seen over the past four months changed in October when year over year Bend home prices rose rather than fell. Both average and median Bend single family home sales prices were up, perhaps a reflection of lower interest rates seen in September which enabled more home buyers to purchase higher priced homes or an unusual anomaly which was reflected with a large number of million dollar plus homes (over 35% of total home sales) closing. Typically in the fall,
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Bend Luxury Homes | 3rd Quarter 2024 Trends
Bend Luxury Home Inventory is Up
For Bend buyers looking for their ideal luxury home, there was a significant increase in the number of homes for them to pick from in 3rd quarter 2024. When we look at Bend million dollar homes, the categories of homes for sale over $1,300,000 had anywhere from 45% to 89% more listings for buyers to consider. It appeared that more sellers were willing to list their property in 2024 than in 2023, perhaps tied in with lower
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The Benefits of Using Your Equity To Make a Bigger Down Payment
Did you know? Homeowners are often able to put more money down when they buy their next home. That's because, once they sell, they can use the equity they have in their current house toward their next down payment. And it's why as home equity reaches a new height, the median down payment has too.
According to the latest data from Redfin, the typical down payment for U.S. homebuyers is $67,500—that's nearly 15% more than last year, and the highest on record (see graph below):
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Central Oregon Real Estate Market Trends - Third Quarter 2024
Is Central Oregon Real Estate Moving to a Balanced Market?
In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would be less and the delayed move they planned on taking could finally happen.
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Bend Premier Real Estate | October 2024 Newsletter
What's in the October 2024 Bend Premier Real Estate Newsletter?
- Bend Home Sales Are Up
- Easy Cheeseburger Soup
- Fall Activities in Central Oregon
- Canyon Meadow Hike
- The Top Three Reasons Affordability is Improving
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