Friday, November 6, 2009

Million Dollar Home Sales Up In October

11 properties in the Bend area priced at one million dollars or more closed escrow last month, a huge increase from September when just 3 such properties were reported sold. In fact, only 8 properties with prices of one million dollars or more were reported sold in the entire 3rd quarter of this year.

Another 5 properties priced at or above one million dollars have accepted purchase contracts just since October 1.

While many of these property sellers may feel like they're selling at a steep discount relative to values of a few years ago, it's a great sign for the overall market that higher end properties are starting to move again!

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