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Duke December 2018 Trend Report

As we settle into what appears to be a rather mild winter, we continue to see a steady market in the Central Oregon Real Estate scene. The trends for December show a continuation of a steady market in both Redmond and Bend. We closed out 2018 with an active market in Bend and Redmond for sellers and buyers alike. As we begin the new year, we see steady numbers across the board and look forward to an exciting year with the Central Oregon market.

Inventory

The number of active listings in Bend dropped slightly from 457 in November to 398 in December. In Redmond, there were 199 active listings in November and then a few less with 182 active listings in December. The numbers in December for Bend show us that there are plenty of homes to choose from. There were 20 active listings in the $225,000-$325,000 range, 97 in the $325,100-$425,000 range, 102 in the $425,100-$525,000 range and 41 in the $525,100-$625,000 price range. Both Bend and Redmond’s market had fewer price reductions in December than we saw in November and fewer pending homes at of the end of December, for both cities. Redmond’s new, active listings increased slightly from 58 in November to 59 in December.

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 December from November, in both Bend and Redmond markets. For Redmond, we saw 58 pending homes in November and 46 in December. Bend had 163 pending homes in November and it dropped a bit to 137 pending in December. For sold listings, we’ve seen a slight drop during the winter months with November showing 170 sold homes in Bend and 160 sold in December. Sold listings in Redmond dipped from 73 in November to 63 in December.  We aren’t seeing too much of a fluctuation in the market which is great for this time of year. Winter is in full swing; the holidays are behind us and we start the new year with a renewed sense of excitement for future market trends.

Looking Ahead          

2018 market trends were consistent and encouraging, which paves the way to hopefulness for the new year in the Central Oregon markets. 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 brokers to show you around! There is a wonderful selection of bare land, residential properties as well as commercial properties.

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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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Duke Trend Report for Bend & Redmond for October 2018

A positive and consistent market continues as the fall rounds out and winter is on the horizon. The trends for October are very similar to September with a few differences. This fall has been an active time in Bend and Redmond for sellers and buyers alike. Although the weather is changing, that market remains steady with a great selection of homes to choose from.

Inventory

The number of active listings came down slightly, but not by much. In Bend, we saw 583 active listings in September and 553 in October. In Redmond, there were 221 active listings in September and 223 in October. The numbers for Redmond show us that there are plenty of homes to choose from, showing most of the listings, 76, in the $225,100-$325,000 price range. 39 of those 76 homes were new listings for October. In Bend, the most inventory lands in the price range of $325,100-$425,000, with 147 active listings. 43 of those 147 are new homes on the market just in October. Both Bend and Redmond’s market had fewer price reductions in October than we saw in September and slightly fewer pending homes as of the end of October, for both cities.

It is still very important for home sellers to keep pricing competitive. Keep in mind buyers look for the competitive pricing as they compare properties. If you aren’t sure what to list your home or property for, consult with your Realtor for great advice, often they will share their expertise and let you know how to price according to the market and competition.

Sold and Pending Listings

As mentioned above, the number of pending listings dropped slightly in October from September, in both Bend and Redmond markets. For Redmond, we saw 104 pending in September and 85 in October. Bend had 220 pending homes in September and it dropped a bit to 189 pending in October. For sold listings, September gave us impressive numbers with 195 in Bend and even more in October, at 222. Sold listings in Redmond stayed consistent with 86 in September and 89 in October. We aren’t seeing much of a fluctuation in the market which is great for this time of year. Fall is almost over, people are winding up for the holidays and there seems to be continued buzz in the market regardless of the weather changing to colder days.

Looking Ahead          

As we watch the trees become bare, scrape ice off our windows in the mornings and start our lists for the holidays ahead, we are encouraged and excited with the number of active listings, for buyers and sellers alike. Fall and winter can be a great time to shop for homes because life has slowed back down from the summer buzz and routine allows you some time to compare properties and gather as much information 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 Realtors to show you around!

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Duke Trend Report for Bend & Redmond September 2018

We have seen positive consistency in the market this fall, for both Bend and Redmond. The trends in September stayed close to the same that we saw in August with a few exceptions. Fall has proven to be a great time to buy and sell a home and lucky for you, the market has a great variety to choose from.

Inventory

The number of active listings came down slightly, but not by much. We saw 634 active listings in August and in September there were 583 active listings in the Bend market. In Redmond, we saw 254 active listings in August and the inventory came down a bit with 221 active listings in September. The numbers for Redmond show us that there are still plenty of homes to choose from, showing most of the listings, 81, in the $225,100-$325,000 price range. 47 of those 81 homes were new listings in September. In Bend, the most inventory lands in the price range of $325,100-$425,000, with 156 active listings. 46 of those 156 are new homes on the market as of September. Both Bend and Redmond’s market had fewer price reductions in September than we saw in August and slightly fewer pending homes as of September 30th for both cities.

It is still very important for home sellers to keep their pricing competitive. Keep in mind buyers look for the competitive pricing as they compare properties. If you aren’t sure what to list your home or property for, consult with your Realtor for great advice, often they will share their expertise and let you know how to price according to the market and competition.

Sold and Pending Listings

As mentioned above, the number of pending listings dropped slightly from August to September in both Bend and Redmond markets. For Redmond, we saw 110 pending in August and 104 in September. Bend had 257 pending homes in August and it dropped a bit to 220 pending in September. For sold listings, August gave us impressive numbers with 260 in Bend and 101 in Redmond. While there are still plenty of homes on the market, Bend had 195 sold listings in September and Redmond had 86. We see a fluctuation in the market which is normal for this time of year. Summertime is over, schools are back in session and people are winding up for the holidays. But don’t let this discourage you from listing or buying a home, the market has some amazing options available in all price ranges.

Looking Ahead

As we watch the leaves change and witness the weather cooling down, we are still encouraged by the number of active listings, for buyers and sellers alike. Fall can be a great time to shop for homes because life has slowed back down from the summer buzz and routine allows you some time to compare properties and gather as much information 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 Realtors to show you around!

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Duke Trend Report for Bend and Redmond for August 2018

In August, we saw some of the highest numbers of active inventory in the Central Oregon Real Estate Market that we’ve seen in a while. This tells us that we can expect to see more market activity before we head into the colder, winter months. We head into Fall with the high numbers of active listings from August, as well as a steady number of new homes on the market.

Inventory         

The number of active listings grew from 522 in June, to 547 in July and grew even more to 634 in August. With the highest number of inventory Bend Oregon Realtors have seen in months, now is the time for buyers to find exactly what they want. While it seems that there are many properties to choose from, Bend Oregon Realtors are seeing lots of properties sell before even hitting the market. Most properties that go into pending sale have typically been on the market for less than two weeks.

The inventory of August was very similar to the inventory in August of 2017. August and the beginning of September has the highest active inventory we’ve seen all year. August showed fewer price reductions than in July whereas properties spent about the same amount of days on the market for both July and August.

It’s still important for home sellers to keep their pricing competitive. If choosing between your property and another that’s similar, buyers will choose the property that’s more competitively priced. Be sure to talk about your listing price with your Bend Realtor and be sure that it’s appropriate for the market.

Sold and Pending Listings stay consistent

The number of pending and sold listings increased in August, from July’s numbers, which is another way to see how busy the market is as we head into Fall. Staying consistent from June and July, pending listings rose from 240 in July to 257 in August, for the Bend market. In Redmond, we saw the number of pending homes at 100 in July and then increase to 110 in August. Sold listings in Redmond grew from 78 in July to 101 in the month of August. In the Bend market, we saw pending sales at 240 in July and 257 in August. Buyers still aren’t slowing down, and they’re taking advantage of the high number of listings to choose from.

Heading into Fall

As we head into the relief of cooler days (and hopefully less smoke in Central Oregon) we still expect to see a highly active market. With the high number of active listings, and the consistent sales numbers, we expect buyers to continue to find what they’re looking for. Get out and see what’s available for your budget, especially with price reductions at a seasonal high and low-interest rates.

Call your Bend Realtor and schedule an appointment if you’re interested in looking at properties. Duke Warner is available to help you buy the perfect home, or get a home listed. Visit us today at dukewarner.com, check out our Facebook page, or call us at (541) 382-8262.