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Duke Warner Trend Report for May 2020

Not many people would disagree that Central Oregon is a beautiful town to reside or visit in the summertime. Lovely sunshine during the day and stunning starlit nights make for an almost perfect summer set up. Each month we provide our latest findings in the Trend Report for your review. Now is an exceptional time to review the latest data on home purchasing trends in Central Oregon. As we continue to monitor the pandemic related changes to our community, we want to put everyone’s mind at ease and stress profoundly that the housing market is still soaring. You can depend on Duke Warner Realty to deliver the most recent data as it pertains to real estate in Central Oregon. Our Trend Reports goal each month offers valuable insights by reviewing last month’s market activity and delivering the most accurate statistics we can, based on our research. The information we provide is an informative resource for any future trends in real estate. Last month’s predictions were accurate as we anticipated finishing strong in May. As we move into the summer month of June, we already see a flourishing real estate market. Here are our latest findings from the previous month.

June 1st Inventory and Looking Ahead

More active listings, in addition to more new listings, were put into effect in May vs. April. We were arriving with 462 active listings and 258 new listings in the Bend market within a diverse range of pricing, providing a variety of homes for those looking to purchase a new home in Central Oregon this summer season. Closing out the month of May proved the number of active listings for Bend increased mildly from month-end in April, which reported at 446. May improved considerably on new listings with a substantial increase over April coming in at 258 vs. 193. Based on past trend data, we are slightly ahead for real estate sales currently. Redmond’s active listings, as of June 1st, showed a slight decrease from 215 homes overall in May to 202 currently active listings. Similar to the Bend market, the number of new listings in Redmond as of June 1st increased to 115 vs. May’s 83. The count for both Bend and Redmond remained positive in May, and as we move through June, we see the combined active listings for Central Oregon increased to 664 homes.

Month-end May statistics for the Redmond market show us 67 homes sold, 115 new homes on the market, and 97 homes pending. The majority of active homes in Redmond’s market were in the $325,100 -$425,000 price range, showing a slight decrease from last month to 82 homes. The $225,000 – $325,000 also had a mild decrease to 28 active listings, the $425,000 – $525,000 range increased by one listing to 43, and the $525,000 & up price range climbed up to 48 active listings.

For Bend, the number continued to move upward in May with a steady increase in active listings for the entire first quarter of 2020. This is promising news for new home buyers as well as home sellers. There was a slight decrease from 12 active listings to 10 in the $225,000-$325,000 range, another increase to 104 from 101 in the $325,100-$425,000 range, remaining the same with 76 active listings in the $425,100 -$525,000 range and a decrease to 54 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 49 active listings, the $725,000 – $825,000 had 46 actives and the $825,000 – $925,000 showed a substantial jump to 42 active homes listed. As you can see from our Market Trend Report, there were homes available in the higher price ranges as well, showing a slight dip for homes listed in the $925,100 & up price range at 81.

In our Central Oregon real estate market, buyers often look for competitive pricing as they consider properties. With low-interest rates and a wide variety of inventory in multiple price ranges, now is the perfect time to buy or sell your home. Whether you are buying or selling your home, we encourage you to consult with your trusted Duke Warner Broker for seasoned, expert advice. Our brokers will share their variety of experience, excitement, and in-depth market knowledge while they work for you.

Sold and Pending Listings

In May, Bend had a massive leap in pending homes from 141 in April to 285 in May, and Redmond had a bump to 97 pending vs. 73 the previous month. These numbers remain consistent and tell us both buyers AND sellers are competing for available properties. For sold listings in Redmond, there was a reduction from 73 in April to 67 in May. Equally in Bend with a decrease from 171 sold in April to 145 sold in May. Based on the increased number of pending homes underway in June, we anticipate the sold numbers for both cities to surpass all previous figures in 2020.

Looking Ahead

Homeownership is one of the best wealth building prospects for persons seeking security. Central Oregon is a desirable community and has only continued to be more inviting over the decades. Our team of real estate experts are always available and happy to help guide you in the home buying and selling journey. With record low-interest rates and a variety of homes from which to choose, Central Oregon is a beautiful place to call home and establish roots. Whether you are buying for the first time, upgrading, downsizing, the Central Oregon real estate market has the perfect home for everyone. 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 experienced team knows how to price properties according to the market trends, and our expertise in the industry is reflected in our willingness to work hard for our clients.
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.

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Duke Warner Trend Report for April 2020

With Summer right around the corner, now is the perfect time to review the latest data on home purchasing trends in Central Oregon. The weekend family drive often takes potential homebuyers into neighborhoods in the surrounding areas. As we continue to monitor the COVID related changes to our community, we want to put everyone’s mind at ease and realize the housing market is still doing exceptionally well and you can depend on Duke Warner Realty to deliver the most recent data as it pertains to real estate in Central Oregon. Our monthly Trend Reports offer valuable insights by reviewing last month’s market activity and delivering the most accurate statistics we can, based on our research. The information we provide is intended be an informative resource for any future trends in real estate. As we anticipate a strong May and move into the summer month of June here are our latest findings.

May 1st Inventory and Looking Ahead

More active listings were implemented in April vs. March with 446 active and 193 new listings in the Bend market with a wide range of pricing provides a pleasant variety of homes for those looking to purchase a new home this summer. Closing out the month of April proved the number of active listings for Bend increased from month-end in March which was listed at 375. March had a slight increase over April for new listings coming in at 244 vs. 193. Based on past trend data we are right on par for this time of year. Redmond’s active listings, as of May 1st showed an increase from 178 homes overall in March to 215 active listings. As well as the Bend market the number of new listings in Redmond as of May 1st declined slightly to 83 vs. March’s 134. The count for both Bend and Redmond remained consistent in April and as we move through May we are seeing the combined active listings for Central Oregon increased to 661 homes.

Month-end April statistics for the Redmond market show us 79 homes sold, 83 new homes on the market and 73 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing an increase from last month to 90 homes. The $225,000 – $325,000 also had a jump to 41 active listings, the $425,000 – $525,000 range also continued to increase to 42 active listings, and the $525,000 & up price range climbed up to 39 active listings.

For Bend, the numbers in April had a noticeable increase in active listings for the entire first quarter of 2020. There was a marginal decrease in new listings for February and March but increased from January new listings. There was a jump to 12 active listings in the $225,000-$325,000 range, a sizeable jump to 101 in the $325,100-$425,000 range, another large increase of 76 in the $425,100 -$525,000 range and an increase to 51 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 43 active listings, the $725,000 – $825,000 had 45 actives and the $825,000 – $925,000 showed 31 active homes listed. As you can see from our Market Trend Report, there were homes available in the higher price ranges as well, showing more homes listed in the $925,100 & up price range jumping to 87.

In our Central Oregon real estate market, buyers often look for competitive pricing as they consider properties. With interest rates the lowest we have seen in decades, now if the perfect time to buy or sell your home. Whether you are buying or selling your home, we encourage you to consult with your trusted Duke Warner Broker for seasoned, expert advice. Our brokers will share their variety of experience, excitement, and deep market knowledge while they work for you.

Sold and Pending Listings 

In April, Bend had 141 pending homes and Redmond had 73. These numbers remain consistent and tell us both buyers AND sellers are competing for available properties. For sold listings in Redmond, there were 93 in March and 79 in April. In Bend, there were 189 sold listings in March and 171 in April.

Looking Ahead

As we look ahead to the summer real estate market, we want to remind you that our team of real estate experts are always available and happy to help guide you in the home buying and selling journey. With record low interest rates and a variety of homes from which to choose, Central Oregon is a beautiful place to call home and establish roots. Whether you are buying for the first time, upgrading, downsizing, the Central Oregon real estate market has the perfect home for everyone. 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 wonderful team knows how to price properties according to the market trends, and our love of the industry is reflected in our willingness to work hard for our clients.

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.

 

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Duke Warner Trend Report for March 2020

Spring has arrived in Central Oregon and many residents have taken this time to get outside and enjoy the beauty that surrounds us here in the high Cascades. As we navigate the sudden changes in our community, with the COVID-19 virus at the top of everyone’s list of concerns, we continue to want to update our loyal followers with the market trends. Our monthly Trend Reports offer valuable insights by reviewing last month’s market activity and delivering the most accurate statistics we can, based on our research. The information we share can be an informative resource for any future trends you might see as we finish out April and head into May.

April 1st Inventory and March Activity

With 330 active listings as of April 1st, the Bend market has a nice variety of homes for those looking to buy. The number of active listings for Bend increased from last month, which is on-trend for this time of year, according to years past. Redmond’s active listings, as of April 1st, showed 164 homes overall. The numbers for both Bend and Redmond remained consistent in March and as we head into April, we are seeing the combined active listings for Central Oregon at 494 homes.

March numbers for the Redmond market show us 93 homes sold, 135 new homes on the market and 111 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 44. The $225,000 – $325,000 had 18 active listings, the $425,000 – $525,000 range had 26 actives, and the $525,000 & up price range showed 32 active listings.

For Bend, the numbers in March looked much like January and February. There were 2 active listings in the $225,000-$325,000 range, 43 in the $325,100-$425,000 range, 36 in the $425,100 -$525,000 range and 21 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 29 active listings, the $725,000 – $825,000 had 15 actives and the $825,000 – $925,000 showed 24 active homes listed. As you can see from our Market Trend Report, there were homes available in the higher price ranges as well, showing 60 homes in the $925,100 & up price range.

In our Central Oregon real estate 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 variety of experience, excitement, and deep market knowledge while they work for you.

Sold and Pending Listings 

In March, Bend had 187 pending homes and Redmond had 111. These numbers remain consistent and tell us both buyers AND sellers are competing for available properties. For sold listings in Bend, there were 127 in February and 187 in March. In Redmond, we saw 52 sold listings in February and 93 in March.

Looking Ahead          

As we embrace Spring 2020 and the plethora of changes due to the COVID virus, we want to remind you that our team of real estate experts are always available and happy to help guide you in the home buying and selling journey. 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 wonderful team knows how to price properties according to the market trends, and our love of the industry is reflected in our willingness to work hard for our clients.

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.

 

 

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Duke Warner Trend Report for February 2020

Duke Warner Trend Report for February 2020

Looking back to this time last year, we are seeing similar trends with the active real estate market here in Central Oregon. Our monthly Trend Reports offer valuable insights by reviewing last month’s market activity and delivering the most accurate statistics we can, based on our research. The information we share can be an informative resource for any future trends you might see as we finish out March and head into April.

March 1st Inventory and February Activity

With 230 active listings as of March 1st, the Bend market has a nice variety of homes for those looking to buy. The number of active listings dropped in February, but that is on-trend for this time of year, and as the weather starts to warm up, we will most likely see those numbers start to increase. Redmond’s active listings, as of March 1st, showed 120 homes overall. History tells us that the numbers for both Bend and Redmond are both consistent and expected for this time of year. As we head into March, we are seeing the combined active listings for Central Oregon at 350 homes.

February numbers increased for the Redmond market, showing us 52 homes sold, 107 new homes on the market and 109 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 40. The $225,000 – $325,000 had 28 active listings, the $425,000 – $525,000 range had 22 actives, and the $525,000 & up price range showed 32 active listings.

For Bend, there were 3 active listings in the $225,000-$325,000 range, 51 in the $325,100-$425,000 range, 39 in the $425,100 -$525,000 range and 31 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 24 active listings, the $725,000 – $825,000 had 17 actives and the $825,000 – $925,000 showed 23 active homes listed. As you can see from our Market Trend Report, there were homes available in the higher price ranges as well, showing 58 homes in the $925,100 & up price range.

In our Central Oregon real estate 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 variety of experience, excitement, and deep market knowledge while they work for you.

Sold and Pending Listings 

In February, Bend had 233 pending homes and Redmond had 109. These numbers increased from January and that increase tells us both buyers AND sellers are active in the market. For sold listings in Bend, there were 135 in January and 127 in February. In Redmond, we saw 70 in January and 52 in February.

Looking Ahead          

As we approach Spring 2020, we want to remind you that our team of real estate experts are always available and happy to help guide you in the home buying and selling journey. 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 wonderful team knows how to price properties according to the market trends, and our love of the industry is reflected in our willingness to work hard for our clients.

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.

 

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Duke Warner Trend Report for Central Oregon January 2020

With the possibility of an early Spring ahead, we head into the last of the winter months with a healthy and active real estate market here in Central Oregon. Our monthly Trend Reports offer valuable insights by reviewing last month’s market activity and delivering the most accurate statistics we can, based on our research. The information we share can be an informative resource for any future trends you might see as we finish out February and head into March.

February 1st Inventory and January Activity

With 246 active listings as of February 1st, the Bend market has a nice variety of homes for those looking to buy. The number of active listings for Bend dipped last month, but that is on-trend for this time of year, according to years past. Redmond’s active listings, as of February 1st, showed 134 homes overall. The numbers for both Bend and Redmond remained consistent in January and as we head into February, we are seeing the combined active listings for Central Oregon at 380 homes.

January numbers for the Redmond market show us 70 homes sold, 74 new homes on the market and 79 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 50. The $225,000 – $325,000 had 31 active listings, the $425,000 – $525,000 range had 19 actives, and the $525,000 & up price range showed 34 active listings.

For Bend, the numbers in January dropped slightly from December, however we still saw a healthy variety of homes to choose from. There were 3 active listings in the $225,000-$325,000 range, 56 in the $325,100-$425,000 range, 53 in the $425,100 -$525,000 range and 34 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 27 active listings, the $725,000 – $825,000 had 23 actives and the $825,000 – $925,000 showed 25 active homes listed. As you can see from our Market Trend Report, there were homes available in the higher price ranges as well, showing 59 homes in the $925,100 & up price range.

In our Central Oregon real estate 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 variety of experience, excitement, and deep market knowledge while they work for you.

Sold and Pending Listings

In January, Bend had 186 pending homes and Redmond had 79. These numbers remain consistent and tell us both buyers AND sellers are competing for available properties. For sold listings in Bend, there were 206 in December and 135 in January. In Redmond, we saw 69 in December, and 70 in January.

Looking Ahead          

As we embrace the upcoming final six weeks of winter and look forward to Spring 2020, we want to remind you that our team of real estate experts are always available and happy to help guide you in the home buying and selling journey. 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 wonderful team knows how to price properties according to the market trends, and our love of the industry is reflected in our willingness to work hard for our clients.

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.