A quick summary:
2012 finished strong ending up 8.8% over 2011 when measuring by average Price Per Sq. Ft. and 11.7 % when measuring by average sale price. There are reports of 15% so I want to clarify that my reports are based on the following:
Residential Single Family Residences under 1 acre in Bend
I exclude the following from the report: Townhomes, Condos, all manufactured homes, lot size over an acre.
Number of sales is up by 17.5% and home size is on the rise again. See table 1
Average sale price as a percentage of original list price remains strong at 95%.
Sale price as a percentage of current list price remains strong at 98.3%. Table 2
There are 7 charts total and 2 tables. Each designed to give a unique perspective of our market. Charts 3 6 and 7 show the most drastic change in my mind but I’ll let you judge them for yourself.
http://www.centralorproperty.com/Central,ORTrends.html
Unless something drastic happens which seems to be increasingly possible these days and if current inventory trends continue, expect 2013 to be another strong year for Real Estate in Bend as the rest of the story continues to be the shrinking supply of inventory… Speaking of which, we’ll take a look at inventory trends next report.
Below is a quick summary. Certainly take a look at the charts to see the trends and historical data to put it all into context.
FYI: last report all trends were up except for number of sales 3rd quarter over 2nd quarter
View charts and tables attached to see more detailed reports
Price/sq ft
4th Quarter 2012 over 4th Quarter 2011: UP
4th Quarter 2012 over 3rd Quarter 2012 Even
2012 YTD over 2011. UP
Home Size
4th Quarter 2012 over 4th Quarter 2011: UP
4th Quarter 2012 over 3rd Quarter 2012: UP
Number of Sales
4th Quarter 2012 over 4th Quarter 2011: UP
4th Quarter 2012 over 3rd Quarter 2012: Down
Many sources quote Median sale price and/or average sale price. View the tables to see how these values can paint a different picture of the market.
View charts and tables to see other market measures:
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