The median price of homes sold in the 3rd quarter increased 5.1% from a year earlier, while sales volume was nearly identical. Prices also climbed 3.3% on a square foot basis.
The median sale price for homes sold in the July through September period was $205,000, up from $195,000 for the same period a year ago. And the median price paid per square foot was $112.95 in Q3, compared to $109.30 in 2010.
422 houses were reported sold in the 3rd quarter, almost the equivalent of the 421 sold a year ago.
Through the first 9 months of the year, sales volume in Bend is up 1.8%. Prices are down slightly; the median price paid in 2011 to date is $192.5K ($106/sf) compared to $195k (107.62/sf) over the same period in 2010.
With historically low interest rates (around 4.125% for a 30 year fixed rate loan) and a relatively tight rental market (good, clean rentals aren't available for very long), I expect this stability to continue in to the foreseeable future.
If you're curious to know what your house is currently worth, or want to find out exactly what you can afford to buy in today's low rate environment, please give me a call at 541.410.9060.
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