Posts with tag 'Discovery West Phase 5'
Subscribe and receive email notifications of new blog posts.
RSS Feed
3
Secrets To Selling Your Bend Home Quickly
Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.
According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below):
A recent post from
19
Inventory Levels Up with Bend Luxury Home Sales
Bend Luxury Home Buyers Have More Options
The figures are out and the first six months of 2024 reflects an increase in Bend homes for sale over $1,000,000. The amount of Bend luxury home inventory is significantly up compared with 2023 and 2022 which leads to more options for the Bend home buyers who can afford a high end home. The days on market are rising and home sellers who really need to sell are recognizing that with more competition, asking price needs to reflect today's market...
8
Bend Oregon Real Estate | June 2024 Trends
Bend Home Prices Up as are Inventory Levels
Bend home prices are up year over year but so are inventory levels. The rate of the increase in Bend home prices has dropped, but we are still not experiencing overall reduced home prices. While buyers have more options, mortgage interest rates (just short of 7% as of July 3, 2024) remain high which has limited the buying power for many. July typically is the busiest month of the year for Central Oregon home sales and it remains to be seen whether the combination of high prices and high mortgage interest rates will curtail Bend real estate sales this summer.When June 2024 is compared with June 2023, the following changes for Bend single family home sales on less than an acre can be noted:
12
Discovery West Real Estate Market Trends
Discovery West is a New Westside Bend Oregon Subdivision
Discovery West is the latest subdivision in the NorthWest Crossing area of Bend's Westside. Developed west of Summit High School and with 40 acres of parks with miles of trails, the project offers a variety of housing options, ranging from apartments, town homes, cottages and single-family homes. Discovery West is being built under the "transect" concept of urban development in which the housing density decreases the further out people go from the urban core. The goal with this type of development is to help mitigate wildfire risk and the impact on wildlife.
Discovery West is Popular With Bend Home Buyers
There is a lot of new construction occurring in Discovery West. As a new subdivision, many contractors are building spec homes, but also custom dev...
4
Bend Oregon Real Estate | March 2024 Trends
Bend Home Prices Up and Inventory Levels Down
Despite the trends for January and February 2024 in which prices seemed to stabilize, the sales price of Bend homes rose unexpectedly in March. The year over year figure shows both median and average Bend home prices were up over 12% and inventory levels were down. When coupled with the steep rise in prices, affordability remains a major problem for potential Bend home buyers.
When March 2024 is compared with March 2023 for Bend single family homes on less than an acre, the following trends are noted:
- Average sales price up 12% to $893,967*
- Median sales price up 13.2% to $760,000
- Average list price up 9....
Privacy Policy / DMCA Notice / ADA Accessibility
