The median home price at the end of June 2013 was $263,400, up 28.49% from the same time in 2012. The average sales price was $309,249, up 25.07% from the same time in 2012.

Through the 2nd quarter of 2013, 1054 homes sold in Bend, an increase of 11.3% from the same time in 2012. 228 of those homes were brand new construction. We currently have 2 months on inventory, based on closed sales, which is still a strong seller's market.

Of the homes that sold, 108 were short sales (-46% from 2012) and only 47 were bank owned (-77.51% from 2012). Although we have seen a drastic reduction in the number of short sales and bank owned homes that have sold, I don't think we're out of the woods yet. Many homeowners now have equity thanks to the rapid appreciation we've experienced and they can now sell without having to do a short sale but each week I receive a report that shows the number of new defaults and foreclosure notices and homeowners are still defaulting on their loans. We also have the shadow inventory you have likely heard about, which includes a pool of homeowners that have missed payments but have not been foreclosed on yet. Many of those homeowners will attempt a short sale to avoid foreclosure.

These statistics are for stick built homes in Bend zip codes 97701 and 97702 and do not include manufactured homes, condos, or townhomes. All statistics come directly from the Central Oregon MLS. [...]...»

From Connie Thomas | Deschutes County

MEDIA CONTACT: Scot Langton, (541) 388-6513

If you own property in Deschutes County, you're familiar with recent real estate market value "ups-and-downs" during the last few years. 

Deschutes County Assessor, Scot Langton, wants to prepare you for an interesting combination of Measure 50 consequences, market fluctuation and economic circumstance coming this fall. When property tax statements are mailed in October, some Deschutes County homeowners may be a little surprised when they look at their tax bill.

The County has come up with an easy way for you to review your own tax situation in a graphic way.  A new YouTube video called "Graph It!" has been produced to help you understand how Oregon's voter approved Measure 50 impacts your property. Spread the word, and feel free to forward the links below to your friends and family who own property in Deschutes County. It's important for everyone to be informed.

To view the "Graph It" YouTube video, or to graph your property, visit the Deschutes County Property Tax Values website at www.deschutes.org/GraphIt. Still have questions? To speak to staff at the Deschutes County Assessor's Office, please call (541) 388-6508.

Deschutes County encourages persons with disabilities to participate in all programs and activities. This event/location is accessible to people with disabilities. If you need accommodations to make participation possible, or to request this information in an alternate format please contact Anna Johnson (see below).

Anna Johnson  |  Public Communications Coordinator

Deschutes County Administration

1300 NW Wall St., Ste. 200  |  Bend, Oregon 97701

O: (541) 330-4640  | C: (541) 280-5263 | Anna.Johnson@deschutes.org

www.deschutes.org