Bend Area Snapshot for August 2019
$470,000 Median Price (up from July)
$238 Median Price Per Sq Ft (same as July)
239 Total Residential Sales (up from July)
3 Months of Current Inventory (same as July)
59 Median Days on Market (up from July)
Courtesy of the Central Oregon Multiple Listing Service
The Gardner Report
The following analysis of the Oregon and Southwest Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere agent.
ECONOMIC OVERVIEW
Oregon added 46,100 new jobs over the past 12 months, representing an annual growth rate of 2.4%. The current pace of job growth was a refreshing reversal from the slowing growth that had been in place since mid-2018.
The Southwest Washington market (Clark, Cowlitz, Skamania, and Klickitat counties) added 3,600 new jobs over the past 12 months, which represents an annual growth rate of 1.7%.
Oregon’s unemployment rate was 4.1% in June, up from 4% a year ago. In Southwest Washington, the unemployment rate was 5%, up from 4.8% a year ago.
HOME SALES
- Second-quarter home sales dropped 4.2% compared to the same period last year, with a total of 16,791 transactions.
- Sales rose fastest in Tillamook County, which saw a significant 15.5% increase over the second quarter of 2018. There were also solid increases in Yamhill and Josephine counties. Home sales fell most in the small Wasco, Linn, Coos, and Clatsop counties.
- Year-over-year sales rose in 6 counties, remained static in 1, and dropped in the other 19 counties contained in this report.
- Sales in the second quarter picked up from earlier in the year but are still lower than I would like to see. This is likely a function of limited inventory in concert with prices that continue to rise, suggesting that affordability may be slowing sales.
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FOR SALE
23977 Rickard Rd
Bend, OR 97702
MLS #201907094
Offered at $575,000
3 Bed, 2 Bath, 2214 Sq ft, 20 Acres
61003 Tiberon Pl
Bend, OR 97702
MLS #201904823
Offered at $684,900
4 Bed, 3.5 Bath, 3240 Sq Ft
52090 Foxtail Rd
LaPine, OR 97739
MLS #201905804
Offered at $324,900
3 Bed, 2 Bath, 1420 Sq Ft, 1.16 Acres
1415 NE 4th St
Redmond, OR 97756
MLS #201905519
Offered at $249,900
3 Bed, 2 Bath, 1030 Sq Ft, .14 Acre Lot
16084 Strawn Rd
LaPine, OR 97739
MLS #201906285
Offered at $68,000
.86 Acre Lot
PENDING
63922 Sunset Dr
Bend, OR 97703
MLS #201906283
Offered at $329,000
3 Bed, 2 Bath, 1484 Sq Ft, .71 Acre
