Bend Real Estate Market Report . . . November 2012 - Best Bend Homes for Sale
Home listed by Sandy Kohlmoos of Cascade Sotheby's International Realty in Bend

Bend Real Estate Market Report . . . November 2012

by John and Sandy Kohlmoos on December 9, 2012

Bend Real Estate Market Report . . . November 2012

November in Bend Oregon . . . the end of golf,

The golf season ends in Bend . . . Tetherow Club

Thanksgiving, kids home from college,

Cody Kohlmoos . . . home from college

Mt. Bachelor opens.

Mt. Bachelor opening day 2012

But the big story in the real estate market here in Bend is the continuing lack of for sale inventory . . . just 346 homes on the market. That’s off a shocking 36% from just a year ago (Home Sales in Bend-November 2011). We’re in a full -blown “seller’s market.” What a great time to list a home for sale!

Other Indicators–Bend Real Estate

Here’s a Bend real estate market snapshot showing a variety of statistics for various price points:

Bend residential-November 2012

  • Sales are up 15% from a year ago
  • Overall just 2.5 months of for sale inventory. NAR considers 6 months to be a “balanced market.”
  • Median price in Bend is $224,000
  • Distressed properties accounted for just 26% (28 short sales, 9 bank-owned) of sales
  • Notices of Default for the month . . . 5 for the entire month (yep, you read that right!)
  • “Pended” sales remained high

Low end Bend . . . $84,850

The low priced leader in Bend Oregon real estate for the month of November was a 3 bedroom, 2 bath, 1240 square foot home built in 1973. The home, located on Bend’s NE side, just off of Boyd Acres, and a short stone’s throw from the railroad tracks

Bend Oregon Real Estate

sold for $68 per square foot. It featured an attached garage and a carport.

Not bad for $68 per square foot in Bend Oregon

It was a short sale.

Top of the Market . . . $1.5M

At the high end of Bend real estate was an Asian-influenced design on Awbrey Butte. The 5 bedroom (5 master suites!!!), 6 bath, 6118 square foot home featured “walls of windows”

Walls of windows to capture Cascade views in Bend Oregon

to capture the wonderful Cascade vistas. It sold for $245 per square foot.

$1.5 M on Awbrey Butte in Bend Oregon

It’s nice to see homes in Bend selling for more than a million dollars. I do hate to be a party-pooper, but this home was listed at a cool $2.8 million in 2009. Ooof!

Median Price in Bend Oregon . . . $224,000

The median priced home in  Bend might look like this new home.

Median in Bend Oregon--$224,000

Three bedrooms, two baths, and 1925 square feet . . . located on the extreme NE side of town.

Another Notable Sale in Bend

One other sale worth mentioning this month in Bend. Team Kohlmoos successfully completed a short sale transaction (two loans, no less!) on a beautiful home in Wyndemere.

Wonderful home in Wyndemere listed by Realtor Sandy Kohlmoos

A tribute to the tenacity and perseverance of all parties involved.

Search anonymously for homes in Bend and check out our Bend Map and Lifestyle Search.

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