The real estate market in Bend Oregon continues to slump. It is now a
buyer's market. Prices are coming down and will continue to fall
through the winter as the inventory continues to build. It is taking
longer for homes to sell and there are more homes for buyers to choose
from.
The real estate markets in California, Arizona, Florida and other key
states are leading indicators on how the market in Bend will do.
In1989 real estate values in Bend jumped 35%.
Out of state buyers from California, Florida, Arizona, Washington
State and other hot markets were selling their homes for large profits
in 1989 and moving to Bend to buy larger homes. 1990 and 1991 saw the
out of state markets dry up with prices falling. The Bend market
followed these markets before it picked up again.
Today's market looks very similar to the 1989-1991 market. 102 single-
family homes on less than one acre in Bend closed in October 2006
according to the Multiple Listing Service of Central Oregon. That is a
decrease of 59 percent from the active market in October 2005....
http://groups.google.com/group/szdrealestatel
