Posts with tag 'Bend Real Estate Market'
Subscribe and receive email notifications of new blog posts.
RSS Feed
24
What Does $1.5 Million vs. $2 Million Buy You in Bend?
The difference can be astounding.
At $1.5 million in Bend, you can still find homes with things you may want to change. Maybe it's the flooring. Maybe someone made a few questionable design choices. Maybe the kitchen or bathrooms aren't quite what you'd expect at that price.
And sometimes $1.5 million simply buys you a nicer home in the same neighborhood where you might find another home for $1.2 million.
At around $2 million, something different can happen. You may start seeing properties that feel more like estates, with substantial homes, larger lots and higher-end finishes. Or that $2 million may buy you a very nice home in one of Bend's most desirable established areas, where the homes themselves can actually be considerably older.
In other words, the extra...
23
The Seller Dropped the Price $100,000. Doesn't This Mean They Are Motivated?
You find a Bend home listed at $1.6 million. It started at $1.7 million, and the seller just dropped the price $100,000.
Does that mean they're motivated?
Probably.
Sellers are adjusting to today's market. They may still believe their homes are valuable, but they no longer expect them to sell at 2021 prices.
That $100,000 price reduction may simply be the seller recognizing where the market is now.
That said, they don't want to give the house away.
So if you want the house, the question isn't simply how much the seller has already reduced the price. I would look at the listing history, comparable sales,
23
Why Has This Bend House Been Sitting on the Market So Long?
You find a beautiful home in Bend. You love the photos. The location looks great. Then you notice it has been on the market for 90 days.
What's wrong with it?
Maybe nothing. But I would love to find out with you!
Longer market times aren't unusual in Bend, particularly at higher price points. In Northwest Bend's 97703 zip code, for example, homes are currently averaging 116 days on the market, with a median of 77 days.*
So a home that appears to have been sitting "forever" may actually be well within the normal range for its particular part of the market.
Privacy Policy / DMCA Notice / ADA Accessibility
