Market Trends Newsletter

2010 vs 2011 Year End Statistics

The year end 2011 statistics are now available. I decided this year to provide some detailed graphs from the Central Oregon Multiple Listing Service. The charts below include all residential property types located on any size lot in all of Deschutes County. Anyone wanting the same information for the surrounding areas of Crook and Jefferson Counties can send me an email request and I will be happy to provide the information you desire. I can also break these statistics down further for the individual communities of Bend, Redmond, Sisters, Sunriver, Prineville, and more. I am happy to provide this information upon request. If you have any questions or need any assistance, please let me know.

 

 

1 month

1 year

 

Nov 11

Dec 11

% Change

Dec 10

Dec 11

% Change

For Sale

2012

1870

-7.1%

2162

1870

-13.5%

Sold

271

310

14.4%

319

310

-2.8%

Pended

258

226

-12.4%

246

226

-8.1%

 

 

Date

12/10

1/11

2/11

3/11

4/11

5/11

6/11

7/11

8/11

9/11

10/11

11/11

12/11

For Sale

2162

1924

1847

1918

2046

2180

2369

2426

2396

2304

2104

2012

1870

New Listing

309

370

355

517

552

546

586

499

412

355

393

355

257

Sold

319

272

250

365

308

347

319

293

345

333

343

271

310

Pended

246

294

291

335

282

298

330

308

338

307

289

258

226

Mon of Inv. on Sold

6.8

7.1

7.4

5.3

6.6

6.3

7.4

8.3

6.9

6.9

6.1

7.4

6.0

Avg. Act Price

368

367

372

381

389

396

405

404

409

404

392

376

374

Avg. Sld Price

189

204

188

219

199

216

211

222

224

216

230

216

218

Sold/List Diff. %

96

97

97

95

96

95

96

96

96

96

96

95

96

Days On Market

148

154

152

169

160

153

147

140

164

153

147

149

155

Sold/Orig LP Diff. %

86

85

88

87

90

85

88

89

88

87

88

89

89

Median Price

153

153

148

160

160

160

160

169

185

171

175

165

160

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


All reports presented are based on data supplied by the MLS of Central Oregon or MLSCO. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. 

 

Another Mortgage Rate Decrease

Freddie Mac reported that mortgage rates fell to new record lows in November 2011. The average commitment rate for a 30-year fixed-rate mortgage dropped to 3.99 percent, down from 4.07 percent from October, and 4.30 percent offered one year ago. NAR president Moe Veissi explains that housing affordability has hit a new high. "With record low mortgage interest rates and bargain home prices, NAR’s housing affordability index shows that a median-income family can easily afford a median-priced home," he said.

Contact us for our preferred list of local mortgage planners and take advantage of today's low interest rates!

Five Winter Saving Tips

When selling your home in the winter, the art of staging the inside becomes more important.  Here are five simple tips that can help you sell your home shine even when the outside landscaping has faded:

·                  Keep your house warm.  In the winter people tend to turn the thermostat down to save money, however a warmer house is more welcoming to a potential buyer.

·                  Clear your walkways and driveways of any snow or ice.  Make it easy for buyers to get to your home.

·                  Clean the windows and blinds.  Letting in the natural light can brighten up a room and cheer up the home.  This also brings attention to the windows and blinds so make sure they are clean even during winter.  Dirty windows will make the home seem as those it's not well maintained.

·                  Background music played softly can completely change the atmosphere making the home seem cozy and keep potential buyers around longer.  Stick with classical music which can appeal to anyone.

·                  Leave the light on.  Before showing a home, make sure it's well lit.  A well lit home is more inviting.  If you're not home, consider setting up timers.

Following these simple tips can give your house that added boost in today's competitive market. For information on selling in our local market, please feel free to call and ask for a computer analysis of our recent market activity. We would be more than happy answer any questions you might have!