May 2024 Market Trends: Home Sales Increase 44%
Skjersaa Group Blog
by Jason Boone
2w ago
It is an active spring for the Bend real estate market, with new listings, pending sales and home sales all continuing to tick upward. There were 164 home sales in Bend last month, an increase of 44% over March when 114 homes sold. Pending sales were up, too, from 150 in March to 167 in April. New listings of homes in Bend were up 9%, with 210 homes listed last month. These newly-listed properties helped increase the number of active listings by 12%, up from 273 homes in March to 307 in April. The median sales price of a home in Bend dipped month-to-month, from $760,000 in March to $714,000 la ..read more
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April 2024 Market Trends: Increased Real Estate Activity in Bend
Skjersaa Group Blog
by Jason Boone
1M ago
Most of the market trends we gather and analyze indicated an increase of real estate activity in Bend last month. New listings were up 44%, active listings were up 20%, pending sales were up 15% and home sales were up 3%. The median sales price increased also, from $680,000 in February to $760,000 in March. This is an increase of 12% month-to-month, and 5% higher than the average median sales price of $724,118 in 2023. New listings of homes for sale in Bend were up from 133 in February to 192 last month. There were 273 active listings in March, and the months of inventory rose from 2.0-months ..read more
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March 2024 Market Trends: Increase of New Listings and Home Sales
Skjersaa Group Blog
by Jason Boone
2M ago
New listings of homes for sale in Bend were up 30% last month, from 102 in January to 133 in February. This new inventory helped meet buyer demand after a slowdown of new listings in November and December. Sales activity increased last month, too. A 22% increase of pending sales in January helped contribute to a 23% increase of home sales in February. Last month, 111 homes in Bend sold, up from 90 in January. Pending sales were also up last month, from 121 in January to 130 in February. Active listings of homes in Bend were down 3% last month, but at 227 listings, up 9% compared with February ..read more
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February 2024 Market Trends: New Listings and Pending Sales Rise
Skjersaa Group Blog
by Jason Boone
3M ago
New listings and pending sales of Bend homes were up in January, while home sales were relatively steady, and the median sales price was down month-to-month. There was a 33% increase of newly listed homes in Bend last month, up from 77 new listings in December to 102 in January. In January 2023, there were 109 new listings, up from only 47 in December 2022. Home sales in Bend were down 2% last month, but pending sales were up 22%. In January, 90 homes sold, down just slightly from 92 in December. Pending sales of Bend homes rose from 99 in December to 121 last month. At $697,233, the median sa ..read more
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2024 Annual Market Study for Bend Published
Skjersaa Group Blog
by Jason Boone
4M ago
Representing many hours of in-depth research analysis, we are proud to announce that our 2024 Annual Market Study has just been published. This comprehensive report includes data spanning 11 years on the Bend real estate market, including statistics for single-family homes, homes on acreage, condominiums and townhomes, residential lots, lots on acreage and multi-family homes. We have published this study every year since 2006 to provide our clients with a big-picture, historical context for Bend’s unique and dynamic real estate market. In addition to snapshots that track important metrics year ..read more
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January 2024 Market Trend Blog
Skjersaa Group Blog
by Jason Boone
4M ago
The median home price in Bend was $737,000 last month, a 3.8% increase over November, and up 8% since January 2023. Although most sales activity was slower in Bend between November and December, there was a 3% increase in pending sales, from 96 in November to 99 last month. Home sales were down 12% month-to-month, with 92 homes sold. There were 9% fewer new listings, from 85 in November to 77 in December, and active listings were down 12%. There were 273 active listings of homes in Bend last month. Homes that sold last month did so at a quicker pace, with an average of 40 days on the market co ..read more
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December 2023 Market Trends for Bend Real Estate
Skjersaa Group Blog
by Jason Boone
5M ago
Happy holidays! We hope you are enjoying the wonderful experiences our community offers in celebration of winter — and all its seasonal holidays — in this amazing mountain town we call home. It’s not unusual to see a slowdown of real estate activity this time of year, and our market data for November reflect that trend. There were 41% newer listings of homes in Bend last month, 21% fewer pending sales and 17% fewer home sales from October to November. There 309 active listings in November, down from 341 in October. The median sales price is $710,000, down 3% from October’s $734,000, but up 4 ..read more
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November Market Trends for Bend Real Estate
Skjersaa Group Blog
by Jason Boone
7M ago
Active listings of homes for sale in Bend held steady and new listings were up 11% in October. There were 341 active listings last month, down just 1% from September’s 343 actives, and there were 144 new listings in October. Unlike last fall, most of the real estate trends we track and report on were up—or down only moderately—from September to October. Last year, active listings in Bend were down 7% and new listings were down 30% between September and October. Pending sales were down 3% last month, from 125 in September to 121 in October, and home sales were down 7%, from 137 to 127. Last yea ..read more
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Fall and Halloween Fun in Bend
Skjersaa Group Blog
by Greg Millikan
8M ago
Although it’s hard to pick a favorite season in Central Oregon, fall sometimes feels like a best-kept secret for many locals. There are so many ways to celebrate autumn and Halloween in Central Oregon, and here are a few of our favorites. Smith Rock Ranch More than 20 years ago, the Lisignoli family moved to a historic, but neglected, farmstead in Terrebonne with the vision of growing a pumpkin patch. Today, visiting Smith Rock Ranch is an annual tradition for many Central Oregon families. What started as a pumpkin patch has grown into a fall wonderland with many fun activities including a cor ..read more
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October 2023 Market Trends
Skjersaa Group Blog
by Jason Boone
8M ago
Happy October! We hope you are enjoying this beautiful fall weather and the fun activities that make living in Central Oregon a uniquely wonderful experience. After a busy summer, real estate activity in Bend has slowed somewhat. There were 16% fewer new listings in September, and 14% fewer pending sales and 15% fewer home sales. Even so, active listings were down only 3% and the months of inventory rose 14% to 2.5 months’ worth. The median sales price of a home in Bend was up 2% last month, from $738,389 in August to $750,000 in September. The median price is up 3% compared with August 2022 w ..read more
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