If searches on our website are any indication of the market, potential home buyers are still looking for deals in Bend real estate.  Almost all home buyers today (over 90%) are spending time on websites like ours searching for real estate.  Over the past 2 weeks, the most popular home searched on our website was a single story 3-bedroom home listed at $239,900.  In fact, 7 of the top 10 searches were for homes under $300,000 with an average price of $289,000.  And the location of these popular homes is Bend except for the most searched property; this home is located in La Pine.  Although the average price of homes searched on our site is almost identical to the national average home price of $289,900, it is understandable that people are looking for a deal when you consider the average home price listed for sale in our Bend MLS in December 2015 was $564,000, and the average sold price $371,000. For more information on home sales tren...

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After many months in the design stage, we are proud to launch our new real estate website today! You can now view our website on your desktop or any mobile device with our fully responsive design, and our state-of-the-art platform allows users quick access to large photos, home amenities, school information, property history, and even taxes and homeowner fees. Some brand new features include a free home evaluation, similar to Zillow's Zestimates, our exclusive "hidden inventory" of homes, a brand new "lifestyle" search, and even a listing of upcoming "open houses." And, of course, we still have all our other great features including our buyer and seller resources.  We certainly hope that your make our new website your primary resource for searching real estate in the Bend area, and that Bend Premie...

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This month Bend Premier Real Estate has taken another major step in minimizing our environmental footprint by converting to "paperless" transactions and implementing "cloud" storage of our many thousands of real estate documents we produce each year. Other green programs include extensive recycling programs, a large number of "virtual" brokers at both our offices, and many of our agents now carry eco-friendly professional designations including Accredited Earth Advantage Brokers and NAR's Green Designation. At Bend Premier we understand and talk green.

When comparing Bend Real Estate trends from 2005 with those of 2015, we are seeing significant increases in home prices, a serious lack of inventory (especially in the lower end), and many homes for sale receiving multiple offers. The MLS Trend report from June 2015 shows that this imbalance of supply/demand in the market has resulted in an increase of about 22% in the average price per square foot of Bend single family homes between 2005 and 2015.

So what is different in the conditions now versus the bubble of 2005/2006? During the Bend housing bubble, lending practices were designed to provide loans to the maximum number of people. No doc loans were common and buyers could even finance their down payment. Buyers often flipped properties they had just closed on as the demand for these properties continued to escalate and values continued to climb. These practices were unsustainable, however, and the crash happened when over extended homeowner...

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Lack of Inventory Impacting Bend Home Prices

The Bend Oregon Real Estate market continues to be tight as the 1^st quarter 2015 data continues to show an extreme lack of inventory and rising prices for single family homes in Bend. The average price per square foot of single family homes has increased 12% over the same time last year with the average sold price up 19.3%. Buyers are still looking and offering creating a scenario in which there are only 1.7 months of Bend homes for sale in all price points.

This lack of inventory has resulted in multiple offers on available homes and extreme frustration for buyers who don't have their offer accepted even when they offer over asking price. Based upon available land to build on and the current issues with the City of Bend struggling to get permission to expand the urban growth boundary, it doesn't appear that this situation o...

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