Bend, OR - Local Housing Data - Summary

Change location:

Region

State

City

Bend, OR

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Bend, OR Local News

Prices of New Homes Increase in Bend, Sales Decrease According to Recent Data

Posted on: Apr 06, 2014 07:04:20 AM

In the Bend, OR market, closings of new homes sank year-over-year in January, a downhill move after a gain in December 2013. Closings sank 10.0% from a year earlier to 27. In comparison, new home closings in the same month last year saw a more than twofold jump year-over-year in December.

A total of 529 new homes were sold during the 12 months that ended in January, down from 532 for the year that ended in December.

New home closings were 11.9% of total number of closings, same as last year. After rising year-over-year in December, closings of new and existing homes dropped year-over-year in January.

Pricing and Mortgage Trends

The average price of newly sold homes rose year-over-year 26.5% in January to $307,636 per unit. This hike is better than the 21.6% gain in December year-over-year.

The average mortgage size on new homes moved north year-over-year along with new home prices. The average mortgage size saw a 8.4% surge year-over-year to $214,225 in January. Average mortgage size jumped 16.9% in December 2013 from a year earlier.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.