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Duke Trend Report for Bend & Redmond for November 2018

We are continuing to see a positive and consistent market as we leave the fall season behind and head into the winter months. The trends for November show a continuation of a steady market in both Redmond and Bend. The Fall months were an active time in Bend and Redmond for sellers and buyers alike, and now that we’ve moved into the colder months, we are still seeing positive trends throughout Central Oregon, along with a great selection of homes and bare land to choose from.

Inventory

The number of active listings in Bend dropped slightly from 553 in October to 457 in November. In Redmond, there were 223 active listings in October and then a slight drop with 199 active listings in November. The numbers for Bend show us that there are plenty of homes to choose from. There were 24 active listings in the $225,000-$325,000 range, 111 in the $325,100-$425,000 range, 109 in the $425,100-$525,000 range and 57 in the $525,100-$625,000 price range. Both Bend and Redmond’s market had fewer price reductions in November than we saw in October and slightly fewer pending homes as of the end of November, for both cities. Redmond’s new, active listings dropped slightly from 82 in October to 58 in November.

With the steady market, buyers look for competitive pricing as they compare properties. If you are a seller and you aren’t sure what to list your home or property for, consult with your Duke Warner Broker for great advice, they will share their expertise and let you know how to price according to the market and competition.

Sold and Pending Listings

The number of pending listings dropped slightly in November from October, in both Bend and Redmond markets. For Redmond, we saw 85 pending homes in October and 58 in November. Bend had 189 pending homes in October and it dropped a bit to 163 pending in November. For sold listings, October gave us impressive numbers with 222 in Bend and slightly less in November at 170 sold. Sold listings in Redmond dipped from 89 in October to 73 in November.  We aren’t seeing much of a fluctuation in the market which is great for this time of year. Winter is in full swing and the holidays are here as we see the continued buzz in the market.

Looking Ahead          

As we round out the year with consistent numbers, we are encouraged and excited with the number of active listings, for buyers and sellers alike. The winter season can be a great time to shop for homes. Be sure to take time to compare properties and gather as much information as necessary to make educated decisions about the market. Get out and see what’s available and give us a call if you’d like one of our Central Oregon Real Estate Brokers to show you around!

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Tips for Buying a Home This Winter

There is a myth when it comes to home buying that says it’s more affordable to buy during the warmer months. We’ve discovered, with years and years of experience, that the winter months are just as successful for both home buyers and home sellers. This winter is no exception as we’ve seen a hearty market here in Central Oregon over the past several months. It is both encouraging and exciting for the upcoming months, whether you plan to house hunt or put your home on the market.

There are many different things to consider depending on what time of year you are buying a home and knowing some of the following tips might help you save money and time while you hunt for the perfect house for you and your family. It helps to remember that each season presents different issues you will want to consider, and winter is no different. The positives outweigh the drawbacks and buyers looking for a new home during winter have less competition, so you can take your time and really shop around before deciding on “the one.”

  • Consider what is under the snow, ice and puddles~ ask to see pictures of the yard during other seasons so you can see what the grass looks like, etc.
  • Look for leaky roofs, cracked driveways, any ice dams or potential for such, this should be addressed right away for future planning
  • Notice if icicles are hanging from the gutters…a properly insulated home shouldn’t have icicles. Find out how the home is heated and if there are portable heaters being used in any of the rooms.
  • Be flexible with scheduling, it’s the holidays and people might have guests staying in their home, so don’t expect last-minute showings during the holidays
  • Ask to see all documentation on any remodeling, roof replacements, etc. so you know the work was certified
  • Allow more time for closing~ the holidays can throw schedules off so be prepared for things to take a little bit longer during the winter months.
  • Be sure to schedule inspections and make sure the inspector can see everything, it might be a challenge, but you don’t want something major overlooked because it was hard to reach due to snow, etc. Ask the experts to be mindful of areas harder hit during the winter months.

It’s often said winter is a buyer’s market, so get out there and start your house hunting today! Feel free to give us a call and meet with one of our expert brokers. We are all committed to helping you find the home of your dreams, any time of the year!