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November Real Estate Forecast shows consistent number of active and sold listings

As we head into the holiday season, we’re seeing an expected slow down in the Central Oregon Real Estate market. This November we saw a slight drop in the number of active listings, which is to be expected this time of year. As the holiday season progresses, it can be an inconvenient time for some sellers to get their property listed.

Expected Pending sales drop

While we saw a spike in the number of pending sales in the month of October, up to 251 from 233 in September, pending sales dropped for the month of November. With November coming in at 154 pending sales, it’s a big change coming from 251 in October. We expect to see a lower number of pending listings in November and December, as it’s a busy time of year. With all of the holiday errands and travel most go through in these months, they’re not typically high-volume months in Central Oregon or nationally.

Fewer Sold Listings

The number of sold listings is down from a busy October. From 208 in September, to 228 in October, sales came in at 198 in November. Again, with the busy time of year, a lower number of property sales are to be expected.

Active Listings

There are still lots of listings to choose from in the Bend Real Estate Market. Dropping to only 552 from 575 in the month of October, buyers are still able to find exactly what they’re looking for in a listing.

Pricing is still remaining stable, coming down from a highly active Summer market. There have been price reductions on existing properties, and with interest rates still low, it’s a great time to look for property.

Bend Oregon Realtors

Call Duke Warner today, and find the perfect Bend realtor to help you find your dream home, or get a property listed. Get in touch with us today at dukewarner.com, check out our Facebook page, or call us at (541) 382-8262.

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Duke Warner Realty celebrates 50 years of business

Duke Warner Realty was established in 1967 by Duke and Kitty Warner. Their philosophy was to establish a first-rate real estate company sensitive to their customer’s needs. Believing, wholeheartedly, if they treated their customers fair and square, they would keep coming back and bring new customers with them.

That is exactly what happened…

A little history

Initially, Duke Warner Realty was a small family-owned operation that was located on Third Street. In 1992, they acquired the property on Newport Avenue and built the office they currently work out of. Additionally, the DWR staff has grown considerably since building the new property adding new Bend Realtors and more.

Originally, when Central Oregon was less developed, they specialized in bare land, farms, and ranches.  As the population increased, the business included more and more residential properties, and today they represent a good mix of nearly every property type on the market.

Duke Warner Family

Over the years Kitty and Duke contributed a considerable amount of time and energy to the Central Oregon Association of Realtors. A tradition the younger crowd is carrying on today, as many of the DWR brokers are also involved in various charitable organizations in the community.

Duke Warner Realty is still an independent brokerage, and not associated with a franchise. Larry Jacobs, Kitty Warner and Kit Korish have been partners in the business since 1982.  Several years ago, they added some younger generations to the partnership which now includes Jason Boone, Rob Eggers, Terry Skjersaa, Kris Warner and Kim Warner.  Kris Warner is the acting Designated Principal Broker.

The next 50 years

Duke Warner Realty’s brokers share this philosophy, and today the firm is widely-known for its personalized service and reliability. Unlike many real estate firms, Duke Warner Realty has little turnover in personnel. Years after a transaction is complete, a client, their relative or friend can return knowing that he or she will find the same personal care – and most likely, the same broker.

With this kind of reputation, Duke Warner Realty’s success has endured through good times and bad. The company is here to stay, and its Bend brokers are interested and actively involved in our wonderful community.