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Bend, Oregon Housing Market Strengthens

Each month, we publish the Central Oregon News Digest, which is stuffed full of all the information you need most about Bend, Oregon real estate. We’re happy to say that we’ve had good news for the past several months about the housing market here in our home region. Most recently, in our July issue, we provided data that showed the following happy news:

  • NorthWest Crossing average sale prices year-to-date were 53.9% greater than the Bend area as a whole, exactly the same percentage as last month. The number of residential sales through July 10 increased 90% over the same period in 2011.
  • New homes continue to attract buyers at increasing rates. Year to date figures show new construction represented 12.7% of home sales through July 10, up from 8.0% in the same period a year ago. (Last month the percentages were 11.9% and 7.9%, respectively.)
  • The Bend residential real estate market strengthened in the first half of 2012 compared with the same period a year ago. For homes on less than one acre in the Bend area, The Central Oregon Multiple Listing Service reported a 12.6% gain in the number of residential transactions and an increase of 10.2% in the median sale price.
  • Single-family building permits issued in Bend during the first six months of 2012 surpassed the comparable 2011 figure by 71.4%, 192 to 112. First half permits were valued at $42,137,815, up 63.1% from 2011.
This is all great news for Bend, Oregon real estate, but it’s just scratching the surface. For all the details, plus helpful charts – see our complete eNewsletter. Either way – it may be just about time to start celebrating!