Update ~ Time to Buy in Bend Oregon!

This is the August update using same search parameters as July 16th.

Search Parameters: 3 bedroom, 2 bath in zip codes 97701 and 97702.
Statistics from Central Oregon MLS ~
Total 379 Homes in Active or Contingent Status ~ an increase of 8 homes since July 16th.
Price Range $219,000 - $1,050,000
Average List Price $357,954
Average Square Feet 1622
The selection remains broad and several sellers are motivated to sell. Buyers are still hesitating and currently sellers are trending towards other options. Some of the recent options we are seeing are renting, lease optioning, holding the property for future use or sale.

On July 27th Barbara Corcoran appeared on a Today Show Interview with Matt Lauer. Barbara sees the current market as the optimal buying market ~ there is no time like the present ~ expressly if you love the home or need to buy!

Finding a motivated seller and closing a deal now may be in the buyers best interest. Mortgage rates are becoming more favorable according to Cindy Goodman @ Cascade Mortgage Company in Bend. Email questions to Cindy Goodman. Given the current market and mortgage rates now is the time to get off the fence and make a decision.

Glenda Crowell
Principal Broker
glendacrowell.com/
Bend River Realty
230 SE 3rd St
Bend OR 97702