The MLS of Central Oregon now provides data on the financing terms used for all closed sales, thanks to the efforts of yours truly. I had requested this search feature be added because of a perceived increase in all cash sales. And those perceptions proved true in February, though not necessarily by as much as I'd expected.
36 of the 111 sales of stick built houses on less than an acre in Bend last month were bought for all cash. I would think 32% of the total sales selling for cash would represent a big increase from a year ago. But data in the MLS shows that 30 of the 111 sold in February a year ago were also purchased with all cash (27%). Nevertheless, the additional 6 cash sales does represent a 20% increase from 2010.
I'll make it a point to regularly track cash sales and share the results here with you. Let me know if there are any other trends you'd be interested in and I'll try to provide them to you.
No comments:
Post a Comment