Monday, July 27, 2009

Bend real estate off 43% since peak

The Central Oregon Realtors Association (CORA) released their quarterly data this month.

Bend’s average sale price for the second quarter of 2009 was $253,400; down 32% from the same quarter the year prior. The Bend market peaked in the third quarter 2007 and prices have fallen 43% since then.

Please note that the median price is year-to-date.

363 homes sold during the quarter; up 15% from the same quarter the year prior.

The final graph shows how affordable the median priced home is for a family of four. History indicates the ratio is usually between 2.5 and 3.0. Prices would have to fall 18% from the current median for the ratio to reach 3.0.




Hi Do you have a new data updates this year of 2012?

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Thanks for sharing your thoughts on this matter. You make some interesting points.