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  • Danielle Gates

This Market!

I intended for this space to highlight new and exciting listings. Homes that I thought would be stand-outs at a good value. But the way this market is currently playing out, new listings are going under contract in a handful of days. I am not able to keep up! So, instead I am posting about the Bend and Central Oregon housing market during this unusual time. Not only is this an unprecedented pandemic time in which we have changed the ways we interact, work, travel, and live, but the Bend and Central Oregon housing market is in high demand. With very low inventory. Our days on market averages went from 74 days in an already low-inventory market in February 2020, to just 4 days in October 2020. Most properties get multiple offers in quickly, leaving a lot of buyers losing out on offer after offer submitted, then waiting and watching, ultimately spending more than they anticipated. Median Price went up from $460,000 in March to the current $560,000 reported in the Beacon Report for October. Our monthly inventory trend went from about 2 months of inventory to .6 months worth of inventory for the same timeline. There are some homes that go onto the market a bit overpriced, even for this time, but they too are being snatched up somewhat quickly, spending closer to 30 days on the market. And appraisers are taking all of this into account and adjusting accordingly. If you are purchasing, hang on to your patience. If you are selling, now is an amazing time to sell. Hang on Bend, we are in for a ride and a fresh new population. As a long-time Bend Oregon resident, I am excited to welcome new Bendites, and also look forward to retaining what makes Bend and Central Oregon so special.




CONTACT

Danielle Gates  

Principal Broker

 

Bend Premier Real Estate

daniellergates22@gmail.com

541-921-7130 | Direct

541-323-2779 | Office

 

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The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Bend Premier Real Estate in Central Oregon are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO). Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © Multiple Listing Service of Central Oregon (MLSCO).

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