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Duke Warner Trend Report for October 2019

Trends

Most of the leaves have turned and fallen from the trees here in Central Oregon, as we brace for the coming months of colder weather. With the holidays right around corner, and snow on the horizon, the real estate trends are remaining strong and steady. In our monthly Trend Reports, we offer valuable insights by reviewing last month’s market activity. This information can be a wonderful resource for any upcoming trends we might see as we finish out November and head into the final month of the year.

November 1st Inventory and October Activity

With 433 active listings as of November 1st, the Bend market still 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 November 1st, showed 181 homes overall. The numbers have stayed consistent all year and the October numbers were no different. As we gear up for winter, we are seeing the combined active listings for Central Oregon at 614 homes.

October numbers for the Redmond market show us 85 homes sold, 78 new homes on the market and 94 homes pending. The bulk of active homes on the market in Redmond were in the $225,100 -$325,000 price range, showing 73. The $325,000 – $425,000 had 67 active listings, the $425,000 – $525,000 range had 33 actives, and the $525,000 & up price range showed 40 active listings.

For Bend, the numbers in October continued to illustrate a thriving market. There were 15 active listings in the $225,000-$325,000 range, 137 in the $325,100-$425,000 range, 103 in the $425,100 -$525,000 range and 67 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 56 active listings, the $725,000 – $825,000 had 30 actives and the $825,000 – $925,000 showed 32 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 85 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 227 pending homes in September, and 231 in October. These numbers remain consistent and tell us both buyers and sellers are active and hungry. For sold listings, there were 212 in September and 208 in October. In Redmond, we saw 86 sold in September and 85 in October. As history has proven, 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 are here to 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.