I was thinking a bit about the Bend real estate market (something I do quite frequently), and specifically about homes for sale in Bend. My interest was further piqued when I read an article in the Bend Bulletin (Median Price in Bend Drops for 4th Year in a Row). The article, while certainly based on fact, failed to convey recent trends and the palpable uptick in the market . . . especially with homes under $200,000.
2008 . . . Homes in Bend under $200,000
I took a step back, and arbitrarily picked a date . . . February of 2008 . . . just four years ago. My how the Bend real estate landscape has changed! In that month, just one home in Bend sold for less than $200,000.
And that home, a 651 square footer built in 1928, went for $199,500.
2011 . . . Homes in Bend under $200,000
The drop in median price in 2011 can be directly attributed to the huge number of homes which sold for under $200,000. Of the 1684 homes sold in Bend, fully 903, or 54%, were under the “Mendoza Line“. As of December, there was less than two months of for sale inventory at this price point!
Homes in Bend under $200,000 Today
Here is a sophisticated showcase of homes in Bend presently listed at under $200,000; just click on a thumbnail to see details for that home.
Click here to see all the homes in Bend listed for less than $200,000. What a great time to be a buyer!
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