The first quarter of 2015 ends with a bang. The statistics that March realized point to an incredibly robust market place. Gains were represented across the board. While March ended with seven fewer active listings on the market, it saw a 40 percent increase from February in properties new to the market.
Between February and March there was significant growth in the $225,100-$325,000 with a 40 percent increase in this price range and the $325,100-$425,000 price range saw an almost 70 percent increase.
The number of listings moving to pending status rose 30 percent with 278 properties compared to 210 properties in February.
The number of reduced properties did rise in March, but paired with more properties being sold, the market maintained movement. While 23 more properties saw price reductions in March, 44 properties sold.
Effective pricing resulted in the average sale price to listing price raising 1 to 99 percent. There were also three price ranges that saw an incredible 100% of average sale-price-to-list-price. This statistics means that properties entered into contract at overall an average of 99 percent of the asking price. Despite this high ratio, properties moved into contract at a higher rate as well. The average days on market dropped by 18 days from February—this means properties are actively on the market for approximately 2.5 weeks less in March than in February.
One caveat to the market moving at a quicker pace is that inventory saw a drop as well. Activity in March resulted in a three-month inventory. This will keep the market place quite competitive, as there are fewer properties in the inventory. Every price range saw a drop in this statistic resulting in an overall drop from 4.6 months of inventory to 3.0 months of inventory.
As an overall snapshot of the market, Central Oregon remains hot. We have not seen statistics like this for several years. With this momentum in spring, summer is shaping up to be fantastic.
541-382-8262
www.dukewarner.com
| February 2015 | Active Listings | New Listings | Pending Listings | Reduced Listings | Sold Listings | Avg. Sale Price/ List Price | Months of Inventory |
| $125,000 – $225,000 | 17 | 16 | 26 | 2 | 18 | 99% | 0.9 |
| $225,100 – $325,000 | 154 | 66 | 88 | 11 | 51 | 100% | 3.0 |
| $325,100 – $425,000 | 74 | 38 | 46 | 9 | 27 | 98% | 2.7 |
| $425,100 – $525,000 | 51 | 26 | 22 | 8 | 9 | 98% | 5.7 |
| $525,100 – $625,100 | 33 | 16 | 13 | 3 | 4 | 98% | 8.3 |
| $625,000+ | 79 | 29 | 15 | 13 | 11 | 97% | 7.2 |
| Totals | 408 | 191 | 210 | 46 | 120 | 98% | 4.6 |
| March 2015 | Active Listings | New Listings | Pending Listings | Reduced Listings | Sold Listings | Avg. Sale Price/ List Price | Months of Inventory |
| $125,000 – $225,000 | 10 | 17 | 20 | 1 | 23 | 100% | 0.4 |
| $225,100 – $325,000 | 134 | 93 | 126 | 23 | 60 | 100% | 2.2 |
| $325,100 – $425,000 | 71 | 63 | 66 | 14 | 40 | 99% | 1.8 |
| $425,100 – $525,000 | 54 | 31 | 24 | 8 | 15 | 99% | 3.6 |
| $525,100 – $625,100 | 37 | 28 | 15 | 5 | 9 | 100% | 4.1 |
| $625,000+ | 95 | 35 | 27 | 18 | 17 | 96% | 5.6 |
| Totals | 401 | 267 | 278 | 69 | 164 | 99% | 3.0 |
These statistics are for Bend, OR residential properties on <1 acre дебетовая карта через интернет
1 Comment
I don’t know why you get so excited about housing prices going up, up and up. I know, it’s good for certain pocketbooks but it will only lead to another unsustainable bubble — how short our memories are. And all of this in a time that there is not enough affordable housing in Bend. Or maybe your “Wow” was a negative “wow”.