A year-to-date quick look at sales of single family homes
on up to an acre in the greater Bend area shows continuing upward movement in
prices with steadily decreasing inventory priced at less than $200,000.
In the first few months of 2015 through May 11,
statistics gleaned from the Multiple Listing Service of Central Oregon show
that homes available at list prices under $200,000 have dropped 70% from the
comparable period of 2014.
Anecdotally,
real estate brokers say some major builders are having difficultly
finding contractors to start new homes, which in turn means fewer units
available for sale.
In the $200,000 up to $300,000 price range there is less
than a 1.72 months supply of available homes, factoring average month sales
through mid-May. Homes on the market in the $300,000 to $400,000 range reflect
an inventory of only 2.30 months, another barometer of an extremely tight
seller’s market.
For the same periods median sale prices have risen $15%
from $275,000 in 2014 to $315,057 this year to date.
