Bend Real Estate Snapshot . . . July 2013 - Best Bend Homes For Sale
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Bend Real Estate Snapshot . . . July 2013

by John and Sandy Kohlmoos on August 23, 2013

Dog Days of Summer

Dog Days of Summer” and the Bend real estate market stayed hot as well. We saw the purchases of 205 homes in July . . . that’s down just a bit from May and June figures, but otherwise the highest level in over 6 1/2 years!

"Dog days of summer" in Bend Oregon

Promising Indicators for Bend Real Estate

There were several promising indicators that show we are on our way to a housing recovery in Bend:

  • Days on market for sold properties–63–was the lowest number in over 6 years
  • 76 new building permits were issued; off a hair from the 80 last month, otherwise the most since May of 2007
  • The median price in Bend hovered around $280,000 (same as June), the highest in 5 years
  • For sale inventory rose a bit (to be expected with the season)–just 2.7 months overall
  • Distressed properties accounted for less than 6% of overall home sales (a year ago that number was 55-60%)

July 2013 Market Snapshot in Bend Oregon

Most Expensive Home Sold in  Bend . . . $1,240,000

The big kahuna for the month of July was a 5 bedroom, 7 bath (who needs seven baths?), 5215 square foot home on Awbrey Butte that went for $1,240,000 or $238 per square foot.

Over $1M in Bend Oregon (Awbrey Butte)

The big home featured all the usual good stuff . . . huge decks, granite, marble, hand-troweled walls, hardwood floors, and wool carpets. Interestingly, it sold as a short sale for $800,000 in 2010; it sold new in 2006 for $1,350,000.

Seven bathrooms on Awbrey butte in Bend?

Bargain Sale for July . . . $125,000

The low-priced leader for the month was a three bedroom, two bath, 1314 square foot, single level home in Foxborough on Bend’s southeast side.

A bargain at $125,000--Foxborough in Bend

The house, built in 2000, went for $125,000 or $95 per foot. What a great move for an investor . . . that home will probably rent for $1200 per month! Why didn’t I buy it?

Median Price in Bend . . . $280,000

As addressed above, the median priced home in Bend remained at $280,000. For that price, one could expect a home much like this 3/2.5, 2067 square foot home in Tanglewood.

$280,000 . . . median price in Bend

Not bad!

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