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Old 08-04-2014, 03:00 PM
 
Location: Bend, OR
1,337 posts, read 3,278,212 times
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Quote:
Originally Posted by BendLocal View Post
Interesting. Bend is well past 2003 prices. I'd guess at or even over the prior highs in some cases. Which I really don't understand.
Yeah, this is what I'm seeing in Bend too. Everything just about doubled in price since the giant dip during the housing crash and is at or just above peak prices. Things do seem, though, to be leveling off at least compared to the jumps we saw over the last two years. Some up-ticking is normal during a leveling off. It'll be really interesting to see what the summer numbers show.

Makes sense that Redmond/etc. are jumping in price so much now. If you don't want to pay Bend prices, but want to stay in CO you start looking at the very close surrounding towns which is I think where we're at now till Bend does some rezoning as part of the new UGB.
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Old 08-04-2014, 05:04 PM
 
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I'm told that multiple offers are still common in Bend.
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Old 08-04-2014, 10:56 PM
 
Location: Oregon, formerly Texas
10,065 posts, read 7,235,755 times
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Quote:
Bend is well past 2003 prices. I'd guess at or even over the prior highs in some cases.
Looks like you're right. Bend appears to still be about 15% below the 2006 highs, but still in the 2006 ballpark. That's much higher than the rest of C.O. by a considerable margin.
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Old 08-04-2014, 11:13 PM
 
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Quote:
Originally Posted by redguard57 View Post
Bend appears to still be about 15% below the 2006 highs...
Where are you getting the data to calc the 15% figure (note - not saying its wrong).
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Old 08-04-2014, 11:36 PM
 
Location: Bend, OR
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Quote:
Originally Posted by redguard57 View Post
Looks like you're right. Bend appears to still be about 15% below the 2006 highs, but still in the 2006 ballpark. That's much higher than the rest of C.O. by a considerable margin.
Wow - I was totally wrong in saying that the housing was at or just above peak prices. The highs were much much higher than I remember. Actually, I don't remember because I didn't know Bend was a place in 2006. My thought process is stuck in the post-recession prices.

Thanks for pointing this out again.
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Old 08-05-2014, 08:00 PM
 
Location: Oregon, formerly Texas
10,065 posts, read 7,235,755 times
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Quote:
Where are you getting the data to calc the 15% figure (note - not saying its wrong).
I looked at a handful of listings and compared them to past values using Zillow's estimates.

Zillow has a margin of error of 25% so I could be wrong and it could be even worse.
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Old 08-05-2014, 08:36 PM
 
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I asked because an agent I know says at least the westside is back to peak numbers. The east side is probably lagging a bit though.
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Old 08-05-2014, 09:33 PM
 
Location: Bend, OR
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It just depends, BendLocal. They are very close, some areas more than others. The only way to truly know is to put your house on the market.

Most of these online sites are not the most accurate, but they give you a decent picture: http://www.trulia.com/real_estate/Be...market-trends/

The east side is lagging which skews the over all number. Or you could say the westside is outdoing itself skewing the over all number the other way a tad. In all, it looks like the market is just below peak prices.

If you want near 'peak price' on your house, this summer seems like a good time to list.

Annnnnd this thread is about.....Redmond.

Last edited by kapetrich; 08-05-2014 at 10:16 PM..
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Old 08-05-2014, 10:30 PM
 
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Quote:
Originally Posted by kapetrich View Post
Annnnnd this thread is about.....Redmond.
Redmond lags a bit but what happens in Bend happens in Redmond therefore it is relevant. I'm working on getting sales data for both.
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Old 08-05-2014, 10:34 PM
 
Location: Bend, OR
1,337 posts, read 3,278,212 times
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Quote:
Originally Posted by BendLocal View Post
Redmond lags a bit but what happens in Bend happens in Redmond therefore it is relevant. I'm working in getting actual numbers for both.
Redmond is the new eastside-eastside of Bend!
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