WOW! 144 Bend Homes For Sale Under $200,000
The Bend Oregon Real Estate Market Is Seeing Signs Of Affordability
A review of the $200,000 or less price range in Bend
As of today, there are 144 stick built, single family homes in Bend available on the Central Oregon MLS for under $200,000, (excluding townhomes, condos, and manufactured homes). The most affordable Bend home is priced at $115,000, and there are many homes available in the $150K-$175K range. The majority of these homes are in the 1,000 sq ft- 1,700 sq ft range, but there are also a few 2,000 sq ft + homes available.
While the Bend Oregon real estate market is seeing an increase in foreclosures, only 12 of these properties are listed as Bank Owned homes. These foreclosures range in size, condition, and price. In addition, 48 of the Bend homes listed in this price range are listed as Short Sales. A short sale is when the home owners owes more on their home than they can get from the proceeds of a sale.
Currently there are 20 homes Pending Sale for less than $200,000 and 13 homes have closed escrow in the Bend real estate market in the past month in this price range.
There is a variety of affordable Bend homes for buyers to choose from. Homes range in size, location, and age. There are even brand new homes available for under $200K. With interest rates on the rise, now may be the time for you to buy a home in Bend.
If you have any questions about the Central Oregon real estate market, please contact me. You can also search for Bend homes yourself on my website.
We have been seeing that around here as well. The low end of the market is what is selling as well. So if you break up the market into price segments, the bottom segment in most towns is someplace between 0 and negative 4%.
I was just reminding my self today that affordability is the main thing that is going to turn around any market. Homes were unaffordable for many a few years ago, now in many markets, they’re becoming affordable again. Hopefully things start turning around in 09 and 10 starts to see minimal price gains.
You may be able to sell out of these homes if the fed approves the new 4.5% 30 Year Loan. That would stimulate a lot of buyers
I totally agree with Jayson. He is spot on.
We’ll see how this 4.5% interest rate thing shakes up. If it does happen, it should increase sales.
great post. I’m hoping these new low intrest rates will pick things up a little bit also
Thanks for all the good info on the real estate market. It really seems that things are starting to look up for home buyers!
Many areas of Oregon are comparable in price to areas in Austin, Texas. Here in Austin you can find homes under $200k in the less desirable areas of Austin and in the burbs but not in the HOT areas.
I think it’s going to come down to a combo of the interest rates and people seeing homes they thought the could never afford before now within their price range. Fingers crossed that it brings on some stimulation!
i think jayson is right., i agree with him too.
I like the way you added the under $200,000. group for your followers!! That is a great price point, ESPECIALLY now in this economy.