Once again I am tardy with the last month’s market trend reports from both Duke Warner Realty and the Bratton Report. Please accept my humble apologies.
Summer has brought a predictable uptick in the inventory around town for properties in the middle price range of the market. Finding good homes under $125,000 remains a challenge as most good ones are snapped up within days of being listed on the market.
Lenders are now feeling more confident about their abilities to foreclose on properties without legal consequences. With this new found confidence we saw a spike in re-filings of Notices of Default in April and May. It will most likely be late September before we see those homes hit the market as bank owned properties. Some of those homeowners have chosen not to wait and have entered their properties into the market as short sales. Right now short sales are providing some of the best opportunities in the Bend market for those who are patient.
If a friend or you need to buy or sell, short sale or traditional sale, rural or urban property or just need some information give me a call. I am ready and waiting to assist you in achieving your goals.
Brother Jon's - Breakfast - Bend Oregon
13 years ago
