1687 stick-built houses on less than one acre in Bend were sold last year, an increase of 7.9% from 2009.
The mix of sales was little changed from a year earlier. 723 of the houses sold (42.9% of the total) were "traditional" sales, while 579 (34.3%) were foreclosures and 385 (22.8%) were short sales.
In 2009, 680 (43.5% of the 1564 houses sold) were "traditional" sales, 564 (36.1%) were forclosures and 320 (20.5%) were short sales.
More than half of the 123 additional houses sold in Bend last year were short sales, while only 15 were foreclosures. 43 more "traditional" sales closed in 2010.
On a price per square foot basis, the median price was down 6.6% from a year earlier. In my next post, I will cover some very interesting details of what accounted for most of the price decrease.
In the meantime, if you or someone you know is considering a move, please call me. I represent both buyers and sellers, have experience in handling the sale of traditional, short and foreclosure properties and am recognized as a Certified Distressed Property Expert by the Distressed Property Institute.
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