Bend, OR -- (ReleaseWire) -- 02/23/2018 -- Property prices are booming in Bend Oregon according to Beacon Appraisals. Within the last calendar year (October 2016- October 2017) Bend Oregon property values experienced an overall yearly increase of $41,000. That equates to a percentage increase of about 11 percent, putting Bend as one of the fastest growing regions for property value increases in Central Oregon.
Another staggering statistic is that in the last six months (May through October 2017) the real estate market Bend Oregon increased in value by about 1.7% month over month which in financial terms is about $2800 per month.
The demand for quality properties is continuing to increase which is contributing to the increase in Bend Oregon real estate prices. Not only are the prices increasing, but the time that properties remain on the market is getting progressively shorter, which in turn is making the property inventory more scarce.
Bob Yancey a successful veteran Bend Oregon Real Estate Agent stated that "Although there was a drop in median home price from October '17 to November '17, that's typical during this time of the year. If you look at the last three years, you'll see this is a constant trend. However, prices will typically start increasing in Q1. It's a great time for buyers to start looking and sellers to prepare their homes to sell."
About Kindred Real Estate
Kindred Real Estate NW is a locally owned and operated real estate company that believes in old-fashioned customer service, attention to detail, honesty, and integrity. They form lifelong relationships with their clients because they focus on the clients rather than the properties. Real estate is a people business, which is why Bob Yancey of Kindred Real Estate is so successful in the industry.
For more information about the agency or to get help with real estate questions visit their website located at www.kindrednw.com. (Kindred Real Estate - Bend Oregon Realtor)
Company Name: Kindred Realty NW
Contact Person: Bob Yancey
Address: 61339 Sparrow Ct
Country: United States
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