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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
Median Price of New Listings
Per Square Foot
Average Days on Market
Median Days on Market
Price Decreased
Price Increased
Median Rent
Market Action
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.


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 that way, so it's still a big gamble. The question is, how do you zero in on that magic number?

Check Out Comparable Listings and Sales
Research homes similar to yours listed in your neighborhood during the last three months.

  • Best Time to List
    Traditionally, March through June seems to be the best months to get the most money for your house.  There are, however, alternative theories about when is the best time to sell. Let's talk to discuss what is the best time to list your home.
  • Curb Your Emotions
    Resist the urge to allow your emotional connection to the house trick you into overestimating its worth. 
  • Get It Into Shape
    Giving your home a deep cleaning and a little DIY love before listing it can help boost its curb appeal and may allow you to price it a bit higher. 
  • Get a Comparative Market Analysis
    I can supply you with a free comparative market analysis (CMA).  A CMA involves gathering data on recently sold nearby homes in your price range.

Find a Great Real Estate Agent
One of the keys to setting the right price for your home is having the right real estate agent in your corner – someone with the skills, experience, and resources to help you get every penny your home is worth.

Please don't hesitate to reach out when you're ready to learn more about listing your home! I'm here to help with answers to any questions you may have, from setting the price to closing the sale.


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 you're relocating a long distance, contact moving companies and hire the best one that meets your needs.

  3. Keep Your Service Providers in the Loop
    Inform your movers of what to expect during moving day. Communicating such information expedites the relocation process since the movers will be in a better position to calculate costs, distances to be covered, and the right tools to use.

  4. Dispose of Unnecessary Items
    Moving offers you the opportunity to sort through your belongings and de-clutter your life. Sort and donate extra belongings to a charitable organization. Alternatively, holding a yard sale is a good idea too.

  5. Take Stock of All Items
    Taking an inventory of your property is essential--especially when using a moving company. With an inventory list, you have a permanent record of your property in case anything is lost or damaged. Labeling all of your packing boxes helps determine the contents of the box and in which room they belong.

By using these tips, you may not be able to move mountains but you can at least make moving into your new home easier.


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 is a great strategy not only to sell your home but to sell fast and for top dollar.

Listing your home below market value could seem counterintuitive but it works! The worst thing you can do is price your home above the market. Going a bit low draws attention to your home as soon as it hits the market and encourages buyers to make competitive offers, so they don't miss out on the hot deal.

Pricing your home low works well in a sellers' market, when the demand for housing exceeds the supply. There are more buyers contending for fewer houses, raising the stakes of the competition for the perfect home. Pricing your home low if you need to relocate is also one the best way to accomplish a quick sale.

Pricing your home for sale

On average luxury homes sit on the market twice as long as homes that are in the mid to low range. Sellers of luxury homes usually list high and wait to see if anyone bites on the price, while buyers in this price range sit and wait to see if prices will drop. The best thing to do is cut to the chase, price the home on lower end and see interested buyers hustle to submit their offers.

Like all strategies, pricing your home low has its risks: your home can sell for closer to the low listing
price than your target or it might sit on the market while you wait for more competitive offers. However when pulled off, this strategy can help you sell your home quickly for a great price.

Your best bet at making it work? Collaborate with a top real estate agent They'll have the expertise necessary to evaluate if strategy will play in your market and to set the right listing price. They can then assist with helping you prepare your home for viewings and generate buzz with a marketing campaign to attract the attention necessary to inspire a bidding war. Be sure to discuss the possible outcomes with your agent so you're prepared to live with the best and worst-case scenarios.

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