Interesting points to note include that new construction sales have nearly doubled year-to-date when compared with 2011, and the inventory of homes for sale continues to drop. Below shows a snapshot taken on November 6, 2012, which illustrates some of the numbers we are seeing in the Bend, Oregon real estatemarket.
The figures above represent single-family detached homes on less than one acre in the Bend area extending from Tumalo to Alfalfa, but can give you a great idea of what’s happening across the board in our region.
As always, NorthWest Crossing continues to post strong figures. Year-to-date sale numbers outpace the same period last year by healthy margins. The average sale price increased about 5% and is 53.5% higher than the average for Bend as a whole.
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