Posts in category 'Selling Your Home'

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May
23

Bend, OR 97707

Mon May 23 2022
This week the median list price for Bend, OR 97707 is $850,000 with the market action index hovering around 59. This is less than last month's market action index of 68. Inventory has increased to 29. Click here to stay informed with the Bend market!

Market Action Index

This answers "How's the Market?" by comparing rate of sales versus inventory.The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer's zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Bend market.
Median List Price
$850,000
Median Price of New Listings
$824,875
Per Square Foot
$455
Average Days on Market
34
Median Days on Market
14
Price Decreased
34%
Price Increased
3%
Relisted
0%
Inventory
29
Median Rent
$2,100
Market Action
59
Strong Seller's Market
7-Day Average90-Day AverageMay 2019Oct 2019Feb 2020Jun 2020Oct 2020Feb 2021Jun 2021Oct 2021Feb 2022$500K$1.0M$1.5M$2.0M$0$2.5MJan 22 20217-Day Average: $1.1M90-Day Average: $1.1M

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

October
14

Setting the Right Price for Your Home

Setting a Price for Your Home
Determining the right price to list your home can be tricky business.  It is both an art and a science.  Use these tips to arrive at a listing price more easily.

The Pricing Dilemma
The trouble with pricing your home above its value isn't just that you might not end up getting that price. After all, you can always lower the price later, right? The real trouble is that the longer your home stays on the market, the more it loses its luster, and the more difficult it will be to sell. 

On the other hand, setting your price too low isn't necessarily a disaster, though it can be. Sometimes, a home priced below its worth will receive multiple offers, driving the price up to market value. But there's no guarantee that it will work out th...

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October
9

5 Tips To Make Moving Day Easy

If you're not exactly jumping for joy at the thought of packing up your life and moving to a new home, you're not alone.  Just when you think you've cleaned your last closet and sorted through that final bin, "BAM!" more work suddenly appears.  

Moving Day
To keep your move (and head!) from spinning out of control, follow these five tips to make moving day as easy as can be.

  1. Start Planning Early
    Avoid last-minute planning. Allow a minimum of 30 days to create your plan to ensure everything falls into place.

  2. Your Moving Strategy
    Determine how you'll move to your new home. For shorter distances, enlist the help of close friends and family. Renting a truck goes a long way in ensuring that your move is easy and hassle-free. If yo...

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October
16

Pricing Your Home Right Is Key To Getting It Sold

Pricing your home right is key to getting it sold

When selling your home, you want at minimum, the sales proceeds to pay off your mortgage and cover your closing costs and fees. Ideally you would like to make some extra profit for your upcoming home purchase or whatever else you have in mind.

If you want offers to come in that live up to your expectation you should consider strategically pricing your home below market value. So many times sellers have tunnel vision and can't see past the asking price and will list with the real estate agent that tells them the most they can list their home for when really the better strategy would be to find an agent that markets well and knows how to deal with multiple offer and list your home below market value, NOT above. This i...

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