The Bend Real Estate market is recovering! 

 It's been a tough haul, but the real estate crash which started in the fall of 2007 in Bend, Oregon has not only diminished, but reversed course. 2012 was a big year for the local real estate scene, in which price gains of 15% were seen almost across the board. The number of  Bend homes for sale has dropped dramatically, and we are experiencing the lowest number of homes on the market since the boom started in 2004. The market stayed abnormally strong through the winter of 2012, and in the spring, the market saw monthly price increases not seen in years. Note: Foreclosures, short sales and HUD Homes for sale peaked in 2010, with the local Bend market experiencing a decline in the number of distressed properties for sale in 2011, and even less distressed properties in 2012. This trend will not change for 2013.

The Bend Real estate market is healthy, with many active buyers willing to pay more than the list price on a good home. Multiple offers are common place, and many Realtors are desperate for listings. It is not uncommon now to go through Bend neighborhoods without even one active listing for a buyer to purchase. 2013 will prove to be a challenging year for buyers, in which low inventory and multiple offers will more than likely dominate the Bend real estate scene.

If you are contemplating purchasing a home for sale in Central Oregon, be sure to visit http://www.BendRealEstate.com to view and receive the latest MLS listings currently available in Bend, Oregon by clicking here or here .  Have questions on your upcoming visit to Bend? Greg Broderick, Broker and licensed Realtor in the state of Oregon has lived here for 10 years now, and stands ready to answer your questions. You can reach him at Phone (800)689-2363 or (541)280-2363.

A few final notes: Bend continues to attract a record breaking number of visitors, and you are encouraged to make arrangements for accommodations and dining well in advance of your arrival to Bend. The Old Mill on the Deschutes River offers wonderful shopping opportunities, as does the charming downtown area (just a few minutes drive apart). Several fine hotels can be conveniently found in either location.

 When you arrive, be sure to stop by and get a great rundown on the local scene. You can visit with Greg Broderick at The Hasson Company in the Old Mill, at 233 SW Wilson Ave., Bend, Oregon 97701. See you in Bend!