Hottest June Ever
According to the National Weather Service, this past June was the hottest ever (records have been kept since 1901). The average temperature–the midpoint between the day’s high and the day’s low, averaged across every day of the month–was 65.8 degrees.
That’s 8.7 degrees above the historical average for the month. The warmest day was June 28 at 97 degrees. Photo above is courtesy of Jill Rosell.
Real Estate Remains Hot Too
Platitudinous as it sounds, the Bend real estate market scorched as well. 261 homes sold . . . the highest total since mid 2006! We saw another 230 homes “pended,” boding well for the remainder of the summer.
Inventory is up a bit (to be expected) to 566 total homes . . . though still just 2.2 months of available single family for sale inventory overall; still a strong “Seller’s market.” Solds are going at 99% of list price . . . take heed prospective buyers!
The median price is holding steady at around $329,000
Another Boring Chart
Here’s a look at June in Bend over the last five years.
Shevlin Commons at $457/ square foot
A cool example of modern architecture in Shevlin Commons (again!) was the month’s big winner . . . three bedrooms and 3.5 baths, this home designed by PIQUE and built by R. Strauch (I throw those names around casually, like I really know who they are) sold for $1,276,000. It closed in just 47 days.
It featured three top floor suites, 2 offices, a spiffy rooftop deck, and the requisite gourmet kitchen.
“A home in need of care . . .”
A great investment opportunity, this sad little home sold as a short sale at $150,000. It therefore qualified as Bend’s low priced leader for the month of June. Two bedrooms and one bath, 976 square feet . . . it went for $154/square foot.
The oil heater and tank, as well as the trophy buck came with the home. The garage was converted to a family room.
A less than auspicious track record, the home went pending four time before selling. Interestingly, it sold in April of 2006 for $271,200.
Bend’s Median . . . $329,000
The median priced home in Bend would look like this 3/2.5, 1977 square footer on a .39 acre lot on the southwest that went for $165 per square foot.
It featured hardwood floors, a huge master, mature landscaping, and a fully fenced yard.
Notable Sales in Bend
We all know the drill by now . . . these are homes that we sold this month.
A great home in The Parks that sold for $499,000.
New construction in Shevlin Pines that went at $605,000.
Moving Forward
I think we’ll try to get the time management issues under control and enjoy the ride. It appears the market will stay strong at least through the summer . . . pending numbers (231) and building permits (72) continue to roll; county unemployment figures (6.2%) were the best in years. There sure are a lot of people in town!
