Active Residential Listing Report ~ April 2, 2009
BEND REDMOND SISTERS PRINEVILLE
Total Active Res. Listings - 1,719 729 179 345
Current Res. Short Sales - 386 (22%) 165 (23%) 13 (7%) 39 (11%)
Current Res. Bank Owned - 183 (11%) 101 (14%) 5 (3%) 33 (10%)
I will be compiling this report monthly in hopes of identifying the bottom of our Central Oregon market. With almost 35% of the Bend, Oregon active residential listings being short sales and foreclosures it looks like we have a ways to go. Until these numbers decrease significantly I predict Central Oregon home prices to remain soft.
For a list of Bend, Oregon foreclosures or other Central Oregon Foreclosures click here.
Troy Batson is a Licensed Broker in the State of Oregon ~ troybatson.com ~ Duke Warner Realty ~ Bend, Oregon
With the end of March approaching I wanted to see where we were headed as far as total number of residential home sales. The numbers are encouraging with 55 homes sold thus far in Bend and 152 pending sales as of today. The majority of the homes sold are on the lower end of the market, as the $225,000 median home sales price suggests. The activity in the upper end of the market is slow at best.
Scanning the pending sales shows a continuation of this trend. Foreclosures are making up a healthy percentage of these transactions. The good news is the foreclosures are moving and the quicker we get rid of them the quicker we will find market stabilization. If you would like a list of Bend, Oregon foreclosures sent to you follow this link.
Although it is doubtful we will get to March 2008's 93 residential homes sold, we can take solace in the fact that homes are selling and that interest rates remain extremely attractive.
With Spring comes hope and with hope comes change. I look forward to sunny days ahead!
Troy Batson is a Licensed Broker in the State of Oregon ~ troybatson.com ~ Duke Warner Realty ~ Bend, Oregon
Active Residential Listing Report ~ March 1, 2009
BEND REDMOND SISTERS PRINEVILLE
Total Active Res. Listings - 1,664 701 155 327
Current Res. Short Sales - 313 (19%) 137 (20%) 11 (7%) 35 (11%)
Current Res. Bank Owned - 164 (10%) 61 (9%) 5 (3%) 24 (7%)
I will be compiling this report monthly in hopes of identifying the bottom of our Central Oregon market. With almost 30% of the Bend, Oregon active residential listings being short sales and foreclosures it looks like we have a ways to go. Until these numbers decrease significantly I predict Central Oregon home prices to remain soft.
For a list of Bend, Oregon foreclosures or other Central Oregon Foreclosures click here.
Troy Batson is a Licensed Broker in the State of Oregon ~ troybatson.com ~ Duke Warner Realty ~ Bend, Oregon
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Market Statistics Report |
| Listings as of 03/01/09 at 8:06am |
| Property Type Residential Property Subtypes Condominium, Manufactured Home, Mfg Hm w/Acreage, Res w/Acreage, Residential, Townhome Area Bend/Tumalo/Alfalfa Statuses Active, Contingent, Pending, Sold (2/1/2009 to 2/28/2009) |
| Residential | ||||||
| 2- Bedrooms | 3 Bedrooms | 4 Bedrooms | 5+ Bedrooms | All Bedrooms | ||
| Active | ||||||
| #Units | 235 | 1043 | 450 | 93 | 1821 | |
| Average List Price | $316,912 | $429,129 | $649,999 | $996,457 | $498,202 | |
| Average Market Time | 213 | 187 | 203 | 191 | 194 | |
| Average Square Feet | 1304 | 2063 | 2944 | 4044 | 2284 | |
| All Off Market | ||||||
| #Units | 22 | 135 | 64 | 5 | 226 | |
| Pending | ||||||
| #Units | 18 | 91 | 44 | 5 | 158 | |
| Average List Price | $226,022 | $282,333 | $406,394 | $348,760 | $312,569 | |
| Average Market Time | 219 | 164 | 213 | 147 | 183 | |
| Average Square Feet | 1150 | 1899 | 2710 | 2840 | 2069 | |
| Sold | ||||||
| #Units | 4 | 44 | 20 | 0 | 68 | |
| Dollar Value | $942,400 | $11,195,160 | $5,685,400 | $0 | $17,822,960 | |
| Average List Price | $247,825 | $268,760 | $303,858 | $0 | $277,851 | |
| Average Sold Price | $235,600 | $254,435 | $284,270 | $0 | $262,102 | |
| Average Market Time | 135 | 180 | 194 | 0 | 182 | |
| Average Square Feet | 1215 | 1918 | 2536 | 0 | 2058 | |
| % of List Price | 95.07 | 94.67 | 93.55 | 0.00 | 94.33 | |
| Not Pending or Sold | ||||||
| #Units | 0 | 0 | 0 | 0 | 0 | |
| Average List Price | $0 | $0 | $0 | $0 | $0 | |
| Average Square Feet | 0 | 0 | 0 | 0 | 0 |
| Equal Opportunity Housing * All information deemed reliable, but not guaranteed. |
| Information has not been verified, is not guaranteed and is subject to change. Copyright ©2009 |
Troy Batson is a Licensed Broker in the State of Oregon ~ troybatson.com ~ Duke Warner Realty ~ Bend, Oregon
The Bend, Oregon real estate market is showing signs of life this month. February, a notoriously slow month, has already seen 42 residential home sales and 144 pending sales. The majority of the single family homes being sold and currently pending fall under the $300,000 mark. The average sells price of the 42 homes sold in February is $250,000. With Spring just around the corner I expect these number to continue to improve throughout the summer.
Bend, Oregon homes for sale continue to be effected by the increasing number of foreclosures and short sales in a negative fashion. This price pressure will continue until the foreclosure rates decrease and return to normal levels. The good news for home buyers is the rent versus buy scenario has finally become a reality in Bend, Oregon.
I believe the Bend, Oregon real estate market will continue to struggle for luxury homes and homes with acreage for some time. We just have not seen much activity for these properties despite some great values with these types of properties.
As long as mortgage interest rates remain low, home prices continue to sag and the availability of credit continues to ease, our market will continue to show signs of life. Add in the $8,000 first time home buyer tax credit and we might get the spark to sustain a real comeback.
If you are interested in the opportunities for homeownership in Bend, Oregon please contact me, or feel free to search our local listings.
Troy Batson is a Licensed Broker in the State of Oregon ~ troybatson.com ~ Duke Warner Realty ~ Bend, Oregon
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Exceeding the expectations of buyers and sellers in the Central Oregon real estate market. Bend, Oregon is an amazing place to live and a great value in this current real estate market.
Troy was born and raised in Oregon and truly appreciates all the wonders this state has to offer. After graduating from the University of Oregon he moved to California and began his career in sales and management. It was here that he also began investing in real estate. 14 years and countless moves later the call of the pristine waters of Central Oregon called him home.
Upon returning to Oregon and fishing until the eyes wore through his rod he decided to make real estate his next career. That was 4 years ago and he has not looked back. Troy recently joined Duke Warner Realty in Bend, Oregon and continues to provide his clients with unmatched customer service and valuable knowledge of the industry.
Troy looks forward to exceeding your expectations of what a real estate agent can do for you.
Specializing in Bend, Oregon real estate investments. Focusing on exceeding the expectations of buyers and sellers in Central Oregon. If you are a first time home buyer or a seasoned investor, my experience in the real estate market will be an invaluable resource to you. If you are looking to sell your home, let me put my knowledge and unique marketing experiences to work for you. I don't want to just list your home; I want to sell your home!
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