Home sales in Bend continued at a relatively healthy pace in December, with 154 single family, stick-built houses on less than an acre of land closing escrow during the month. This represents an increase of 15.8% from November sales but is down 4.3% from a year earlier.
Bank-owned (foreclosures) and short sales continued to make up the lion’s share of home sales last month. Of the 154 houses sold, 63 were bank-owned (41%) and 38 were short sales (25%). Taken together, distressed sales accounted for nearly 2 out of every 3 houses sold in Bend last month.
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