News | Oregon

Is The Bend Bubble Inflating Again?

OPB | May 8, 2013 6:10 p.m. | Updated: May 9, 2013 8:41 a.m. | Bend, Oregon

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A new report by the analytics firm, CoreLogic shows home prices in Bend spiked nearly 20 percent between March 2012 and 2013.  That figure, which includes distressed sales was nearly twice the national average of 10.5 percent year for the same period.

Michael Clapp

Bend Real Estate Broker Sue Conrad is with the firm Coldwell Banker Morris

She says she’s starting to see some movement on high end houses, priced at $1 million and above.  And right now she says there’s a real shortage of available houses priced below $250,000. 

Conrad says houses in that low range that do come on the market often move quickly and garner multiple offers.

“I call it ‘stop, drop and roll,’  You literally are running out to look at the house and finding out when they’re going to be addressing offers so you know how much you have to write on it.”

According to the CoreLogic report, home prices nationwide have seen an increase in each of the last 13 months.  Among the states, Oregon saw the fifth largest 12 month gain, with an increase of just over 14 percent.

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