Alisha Alway Braatz

Thought I'd give a quick update on our market stats from one year ago until now. Sometimes we can't see the forrest for the trees, if you know what I mean... We are most certainly doing better than one year ago--that fact is indisputable, despite a drop in price. That had to happen eventually anyway! SO-- be of good cheer this holiday season, Lane County's Pending Sales are up 41.7% over last year! And if you think THAT's good, you'll enjoy knowing that CLOSED sales are up 25.1%. You gotta LOVE closed sales. Of course, if one must be Negative Nancy (hey, I know you are out there), our average sales prices were down 5.6% over last year.

I can't speak for everyone, but I certainly experienced a MAJOR uptick in the marketplace ramping up AFTER August. Everyone seemed to wait until Fall to delve into a serious buying frenzy. My friends in Bend remain busy and we are all thankful for this much better market.

Best,

Alisha

Just thought I'd blog about a few awesome listings in Bend, Oregon. Yeah, yeah, I know I'll get all kinds of comments about "over-pricing"---but I'm telling you, the market has heated up and the good stuff is GOING GOING GONE. And what's left? You gotta pick through it if you know what you are looking for. And if we do see another huge onslaught of Bank Owned, then I guess we can wade through that too!

A few of my favorite picks:

One-Level on Boyd Acres: $119,900 BANK OWNED, and CLEAN

BIG Square footage on Kepler (near 3000 sqft) SW Bend: $229,500

One-Level, quiet neighborhood, well-built: Sawtooth Mtn. Ln: $237,500

Great Location, close to town, WESTSIDE, near 3000sqft. on Outlook Vista: $279,900

Outstanding Custom with city views forever off Awbrey Butte: $399,900

Any of these homes have value-attributes that make them outstanding and really good buys.

I admit it, I slacked off! My last statistical report was done through May of this year--however, here comes your new stats!

In summary, they look much better than in May. Some segments of our market changed significantly. As expected, the low-end continued to grow.

In the first category (50,000-250,000) there are roughly the same amount of homes on the market, but sales jumped from an average of 61 per month to 78. That's considerable change in a report that covers the last three months as a grouping. OH, AND the average sales price rose by $2000.

The next data that brought smiles was in the $300-400,000 category. From an average of 11.3 sales in May to 17.3 sales per month in July-- plus average sales price went up again $2000.

Lastly, above $600,000 we finally saw movement. Sure, it's not A LOT--but it is there none-the-less.

A 90-day Look Back at Bend Real Estate

July 2009

Bend Oregon MLS Real Estate Statistics

Residential Properties (stick-built/ plus acreage)

$50,000-250,000

There are currently 591 homes for sale.

An average of 78 homes sell per month.

There are approximately 7.5 months of sellers in line to sell.

Approximately 13% of sellers are likely to sell in the next 30 days.

Average sales price: $180,388

CDOM: 178 List to Sale Ratio: 95.61

$251,000-300,000

There are currently 181 homes for sale.

An average of 13.3 homes sell per month.

There are approximately 13.6 months of sellers in line to sell.

Approximately 7.3% of sellers are likely to sell in the next 30 days.

Average sales price: $276,471

CDOM: 201 List to Sale Ratio: 94.61

$301,000-400,000

There are currently 232 homes for sale.

An average of 17.3 homes sell per month.

There are approximately 13.4 months of sellers in line to sell.

Approximately 7.4% of sellers are likely to sell in the next 30 days.

Average sales price: $345,901

CDOM: 245 List to Sale Ratio: 95.61

$401,000-500,000

There are currently 242 homes for sale.

An average of 7.6 homes sell per month.

There are approximately 31.8 months of sellers in line to sell.

Approximately 3.1% of sellers are likely to sell in the next 30 days.

Average sales price: $437,209

CDOM: 261 List to Sale Ratio: 91

$501,000-600,000

There are currently 152 homes for sale.

An average of 4 homes sell per month.

There are approximately 38 months of sellers in line to sell.

Approximately 2.6% of sellers are likely to sell in the next 30 days.

Average sales price: $543,703

CDOM: 278 List to Sale Ratio: 89.41

$601,000-750,000

There are currently 112 homes for sale.

An average of 2.3 homes sell per month.

There are approximately 48.7 months of sellers in line to sell.

Approximately 2% of sellers are likely to sell in the next 30 days.

Average sales price: $683,653

CDOM: 294 List to Sale Ratio: 96.54

$751,000-950,000

There are currently 98 homes for sale.

An average of 1.6 homes sell per month.

There are approximately 61 months of sellers in line to sell.

Approximately 1.6% of sellers are likely to sell in the next 30 days.

Average sales price: $838,000

DOM: 295 List to Sale Ratio: 90.49

$951,000-1,500,000

There are currently 115 homes for sale.

An average of 1.3 homes sell per month.

There are approximately 88 months of sellers in line to sell.

Approximately 1.1% of sellers are likely to sell in the next 30 days.

Average sales price: $1,168,638

DOM: 273 List to Sale Ratio: 84.47

$1,500,000+

There are currently 74 homes for sale.

An average of .33 homes sell per month.

There are approximately 224 months of sellers in line to sell.

Approximately .45% of sellers are likely to sell in the next 30 days.

Average sales price: $1,550,000

DOM: 305 List to Sale Ratio: NA

May 2009

Bend Oregon MLS Real Estate Statistics

Residential Properties (stick-built/ plus acreage)

$50,000-250,000

There are currently 598 homes for sale.

An average of 61 homes sell per month.

There are approximately 9.8 months of sellers in line to sell.

Approximately 10% of sellers are likely to sell in the next 30 days.

Average sales price: $178,515

DOM: 183 List to Sale Ratio: 94.71

$251,000-300,000

There are currently 191 homes for sale.

An average of 14.3 homes sell per month.

There are approximately 13.3 months of sellers in line to sell.

Approximately 7.5% of sellers are likely to sell in the next 30 days.

Average sales price: $275,000

DOM: 214 List to Sale Ratio: 93.5

$301,000-400,000

There are currently 235 homes for sale.

An average of 11.3 homes sell per month.

There are approximately 20.7 months of sellers in line to sell.

Approximately 4.8% of sellers are likely to sell in the next 30 days.

Average sales price: $342,971

DOM: 235 List to Sale Ratio: 94.8

$401,000-500,000

There are currently 222 homes for sale.

An average of 7 homes sell per month.

There are approximately 31.7 months of sellers in line to sell.

Approximately 3.1% of sellers are likely to sell in the next 30 days.

Average sales price: $446,076

DOM: 265 List to Sale Ratio: 93

$501,000-600,000

There are currently 139 homes for sale.

An average of 5.3 homes sell per month.

There are approximately 26.2 months of sellers in line to sell.

Approximately 5% of sellers are likely to sell in the next 30 days.

Average sales price: $545,023

DOM: 300 List to Sale Ratio: 92.87

$601,000-750,000

There are currently 120 homes for sale.

An average of .67 homes sell per month.

There are approximately 179 months of sellers in line to sell.

Approximately .5% of sellers are likely to sell in the next 30 days.

Average sales price: $673,095

DOM: 289 List to Sale Ratio: 91.6

$751,000-950,000

There are currently 101 homes for sale.

An average of 1.3 homes sell per month.

There are approximately 77 months of sellers in line to sell.

Approximately 1.2% of sellers are likely to sell in the next 30 days.

Average sales price: $823,750

DOM: 281 List to Sale Ratio: 82.62

$951,000-1,500,000

There are currently 108 homes for sale.

An average of .67 homes sell per month.

There are approximately 180 months of sellers in line to sell.

Approximately .5% of sellers are likely to sell in the next 30 days.

Average sales price: $1,090,000

DOM: 269 List to Sale Ratio: 81

$1,500,000+

There are currently 79 homes for sale.

An average of .34 homes sell per month.

There are approximately 263 months of sellers in line to sell.

Approximately .3% of sellers are likely to sell in the next 30 days.

Average sales price: $2,200,000

DOM: 321 List to Sale Ratio: 88

More listings, and much more action this month. All data is averaged over the last 90 days--so the big numbers from April are tempered by the sluggish start of the year. AND STILL, we see increase.

The low-end especially, has showed a considerable step-up in action through $300k. Thankfully, the 300k-600k has demonstrated the best data jump of all. AND we have actual sales to report over 600k!!! Yeah!!! It is in everyone's best interest---no matter who you are!!!--- that consumer confidence increases and our economy shows growth.

Home prices and sales volume has dipped below 2005 levels.

Sales this month are "dramatically" up to 85, from 65 last month.

Average Days On Market has leveled out at 124, versus 2005's 120.

We are seeing the lowest price per square foot in the past 6 years, at $110. That's an AVERAGE!

Building permits down, in a most obvious fashion. Seven pulled last month.

The numbers are grim, but the hope quotient is WAY UP. Activity is plentiful-- now we just need to close some of these deals.