New Listing, NE Bend, Near Mtn. View High

Not a short sale or foreclosure; just a great value! This 3 bedroom, 2.5 bathroom home features extensive wood flooring inside and pavered walks and patio outside. It's only a couple short blocks to Mtn. View H.S. and close to Ponderosa Elementary School, a planned 159 acre park, Costco, St. Charles Hospital, theaters, shopping and dining. Also includes a hot tub and custom built storage shed. Only $239,900!

Call me today if you or someone you know would like to see this well-priced home!

Existing Home Sales Show Legs

For the third in the last four months, sales of existing homes on less than one acre in Bend nearly matched the number reported a year earlier. 81 sales were reported in October, compared to 83 in October 2007.

Prices held up pretty well overall also. The median sale price per square foot of existing houses on less that an acre was $158.4/sf in October, versus $161.2/sf a year earlier. (Keep in mind that the $/sf figure is useful in gauging the health of the market overall and not for determining the price of one specific property.)

With prices down substantially from the highs of 2005/2006, more buyers are out looking to see what they can get for their money. And many are happily surprised to find out they can now buy a house that they couldn't afford a year or two ago.

October Home Sales Keep Pace

Sales of existing homes on less than 1 acre in Bend in October were close to the number recorded a year earlier.

As of today, 75 sales have been reported for October. And with the month ending on a Friday, I expect to see a few more October sales reported next week. 83 houses were reported sold in October of 2007.

In addition, the median sale price per square foot of houses on less than one acre actually increased in October from a year earlier, from $161.2/sf to $161.8/sf.

Though one month is hardly a trend, these are more signs that we just might be bumping bottom on the housing market slowdown.