Duke Warner Trend Report for September 2019
It’s official, Fall is here! The leaves are changing and there is a slight chill in the air. Central Oregon is as beautiful as ever and although the seasons are changing, the real estate trends are staying strong and steady. In our monthly Trend Reports, we offer valuable insights by reviewing last month’s activity, which can be a wonderful resource for any upcoming trends we might see as we finish out October and move into November.
October 1st Inventory and September Activity
With 525 active listings as of October 1st, the Bend market has a great selection of homes for those looking to buy. Both Bend and Redmond’s current listings have one-of-a-kind homes that won’t last long this Fall. Redmond’s active listings, as of October 1st, showed 215 homes overall. The numbers have stayed consistent all year and September numbers were no different. As we settle into Fall, we are seeing the combined active listings for Central Oregon at 740.
September numbers for the Redmond market show us 86 homes sold, 88 new homes on the market and 106 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 73. The $225,000 – $325,000 had 63 active listings, the $425,000 – $525,000 range had 28 actives, and the $525,000 & up price range showed 42 active listings.
For Bend, the numbers in September continue to illustrate a thriving market. There were 13 active listings in the $225,000-$325,000 range, 125 in the $325,100-$425,000 range, 121 in the $425,100 -$525,000 range and 71 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 52 active listings, the $725,000 – $825,000 had 34 actives and the $825,000 – $925,000 showed 26 active homes listed. As you can see from our Market Trend Report, there were quite a few homes available in the higher price ranges as well, showing 103 homes in the $925,100 & up price range. For Central Oregon overall, there is a wide variety of homes to choose from, for potential buyers.
With a sturdy market, buyers often look for competitive pricing as they consider properties. If you are selling your home and trying to price your property, we encourage you to consult with your trusted Duke Warner Broker for seasoned, expert advice. Our brokers will share their experience, knowledge and excitement while they work for you. Our Duke brokers know how to price properties according to the market trends and current housing competition.
Sold and Pending Listings
Bend had 245 pending homes in August, and 227 in September. These numbers remain consistent and tell us both buyers and sellers are active and hungry. For sold listings, there were 252 in August and 212 in September. In Redmond, we saw 104 sold in August and 86 in September. As anticipated, we continue to see great numbers in the Bend and Redmond real estate market!
Looking Ahead
Many of us know and value this special place we call home. Central Oregon is a beautiful place to live and no matter what stage of life you are in, there is something for everyone in the real estate market. As you consider your housing needs, start to plan and look ahead, whether you want to buy or sell a home, keep us in mind for your real estate ventures. Our professional brokers can offer great insights as you navigate your next home experience. Give us a call today and let us help you get started! We can be reached at 541.382.8262 or send us an email at info@dukewarner.com.