Business Insider used data from Fiserv Case Shiller to choose good old Bend, Oregon as the best housing market for the next 5 years!
If you haven't looked at home prices in a while, call me to find out just how good some of the deals are in today's market!
Thursday, December 8, 2011
Saturday, October 29, 2011
When One Door Of Happiness Closes, Another Opens
Have you heard?
Steve Scott, one of the most highly-respected brokers in the Central Oregon real estate community and principal broker of Steve Scott Realtors, has announced that he will retire later this year after nearly four decades of service.
While his plans were announced to the public just last week, Steve and the agents at Steve Scott Realtors have been planning the transition for months. And after considering several options, most of my fellow brokers at Steve Scott Realtors and I have decided to team up with another leading real estate firm. Over the next month, I will be joining the group of outstanding brokers at RE/MAX Key Properties in a newly expanded, state-of-the-art office in downtown Bend!
Combining the power of the internationally-recognized RE/MAX brand with the unprecedented local knowledge and experience of Steve Scott Realtors will create a dynamic, fun-filled and prosperous experience for my clients and I can't wait to get started!
I thank Steve for his years of leadership and friendship and wish him good health and much happiness in the future.
Steve Scott, one of the most highly-respected brokers in the Central Oregon real estate community and principal broker of Steve Scott Realtors, has announced that he will retire later this year after nearly four decades of service.
While his plans were announced to the public just last week, Steve and the agents at Steve Scott Realtors have been planning the transition for months. And after considering several options, most of my fellow brokers at Steve Scott Realtors and I have decided to team up with another leading real estate firm. Over the next month, I will be joining the group of outstanding brokers at RE/MAX Key Properties in a newly expanded, state-of-the-art office in downtown Bend!
Combining the power of the internationally-recognized RE/MAX brand with the unprecedented local knowledge and experience of Steve Scott Realtors will create a dynamic, fun-filled and prosperous experience for my clients and I can't wait to get started!
I thank Steve for his years of leadership and friendship and wish him good health and much happiness in the future.
Tuesday, October 11, 2011
3rd Quarter Sales Show Stability In Bend Housing Market
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.
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.
Thursday, September 15, 2011
August Home Sales In Bend Highest In 5 Years
The 161 closed home sales in Bend last month was the highest number sold in the month of August since 2006, when 215 houses were sold in the midst of the housing market frenzy. Sales volume increased nearly 30% from a year earlier, when just 124 sales were reported sold.
Prices also jumped from year ago levels. The median sale price in August was $209,900, up 19.9% from August 2010 ($175k). In fact, both the median sale price and the median price paid per square foot ($111.71/sf) nearly matched the levels from August 2009 ($210,000 and $112.72/sf respectively).
The combination of lower prices and historically low interest rates has lead to increased activity across the board. Investors are buying houses to rent and earning relatively healthy returns, renters are coming to the conclusion that it makes more sense to buy a home and many families are "upsizing" in to bigger homes and taking advantage of the unprecendented opportunities in today's market.
I think you'll be surprised to find out just how much home you can comfortably afford to buy with today's low rates and prices. Call me to find out.....541.410.9060.
Prices also jumped from year ago levels. The median sale price in August was $209,900, up 19.9% from August 2010 ($175k). In fact, both the median sale price and the median price paid per square foot ($111.71/sf) nearly matched the levels from August 2009 ($210,000 and $112.72/sf respectively).
The combination of lower prices and historically low interest rates has lead to increased activity across the board. Investors are buying houses to rent and earning relatively healthy returns, renters are coming to the conclusion that it makes more sense to buy a home and many families are "upsizing" in to bigger homes and taking advantage of the unprecendented opportunities in today's market.
I think you'll be surprised to find out just how much home you can comfortably afford to buy with today's low rates and prices. Call me to find out.....541.410.9060.
Wednesday, July 20, 2011
Bend Home Sales Slow, Prices Mixed
Single family home sales in Bend slowed from a year earlier in June, while prices continued to show some stability. 139 closed sales were reported to the MLS of Central Oregon last month, compared to 152 a year ago. The median sale price was $210,000, down 3.21% from June 2010. On a square foot basis however, prices increased 6.21% to $116.67/sf.
The number of closed short sales increased 23.33% and were more common last month than bank-owned foreclosure sales, which declined 32.5% from a year earlier. Short Sales accounted for 26.6% of all stick-built, single family homes in Bend last month, while foreclosures made up 19.4%.
The number of closed short sales increased 23.33% and were more common last month than bank-owned foreclosure sales, which declined 32.5% from a year earlier. Short Sales accounted for 26.6% of all stick-built, single family homes in Bend last month, while foreclosures made up 19.4%.
Wednesday, June 1, 2011
May Sales Show More Stability In Bend Real Estate Market
After dipping in April, home sales in Bend rebounded in May, increasing 8.7% from a year earlier. In addition, prices were nearly identical to May 2010.
162 home sales were reported to have closed last month, according to data from the MLS of Central Oregon. A year earlier, 149 houses were sold. In April, only 133 closed sales were reported.
The median sale price in May was $185,000 ($100.16/sf) versus $186,000 ($100.92/sf) for the same period in 2010. Though the price paid per square foot for May sales is down from April's $107.65/sf, it is slightly higher than the average paid through the first 4 months of the year, when the price per square foot was $99.06/sf.
Contact me today to find out what your house is worth in today's market or to get started on your search for a new home.
162 home sales were reported to have closed last month, according to data from the MLS of Central Oregon. A year earlier, 149 houses were sold. In April, only 133 closed sales were reported.
The median sale price in May was $185,000 ($100.16/sf) versus $186,000 ($100.92/sf) for the same period in 2010. Though the price paid per square foot for May sales is down from April's $107.65/sf, it is slightly higher than the average paid through the first 4 months of the year, when the price per square foot was $99.06/sf.
Contact me today to find out what your house is worth in today's market or to get started on your search for a new home.
Tuesday, May 24, 2011
Would $20,000 Motivate You To Do A Short Sale?
J.P. Morgan Chase has begun offering qualified homeowners tens of thousands of dollars as an incentive to short sell their homes. While details of the program are still murky, I've done quite a bit of research and talked with other agents I know around the country who also do a lot of short sales and here is what I've found to be consistent:
It's hard to believe this is real, I know, but it is actually happening!
If you or someone you know receives one of these letters, don't throw it out, thinking there must be some catch. Call me! I'm specially trained at negotiating and handling short sales and can help you take advantage of this incredible opportunity!
- The loan in default was originally made by Washington Mutual (WAMU);
- The loan is an "option ARM," "pick-a-payment," negative amortization loan;
- The amounts offered vary from $10,000 to $35,000, apparently depending on the size of the loan;
- Chase will send you a letter if you qualify; it's not something you can ask for;
- The borrower/homeowner is paid the amount stated in the letter when the property sells and escrow closes.
It's hard to believe this is real, I know, but it is actually happening!
If you or someone you know receives one of these letters, don't throw it out, thinking there must be some catch. Call me! I'm specially trained at negotiating and handling short sales and can help you take advantage of this incredible opportunity!
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