Helping people buy and sell homes in the Pacific Northwest since 1972, Coldwell Banker Bain is an undisputed market leader, posting over $8 billion in sales in 2021. With 34 offices and more than 1,200 brokers in Washington and Oregon, plus a global reach that extends to over 100,000 brokers in 41 countries, we’re not only one of the largest Coldwell Banker affiliates in the world, we’re also the most accomplished real estate company in the Northwest.
Our commitment to knowledge, expertise and market insights consistently undergirds our reputation for excellence and service. An emphasis on global access in the luxury realm, combined with the power, reach and recognition of the Coldwell Banker brand, allows us to outsell and outperform our rivals, as we elevate the standard for marketing premier properties in the Puget Sound area and the Pacific Northwest.
As important to us as business success—we also provide services in property management, commercial real estate, real estate investment and relocation management—is the understanding that real estate is more than just a transaction; it’s a key part of building safe, happy and prosperous lives for our clients, our brokers and their families.
JOHN DEELY
Executive Vice President of Operations
“ Early in the quarter, we gradually came off the fevered pitch of a market that had enjoyed tremendous velocity for several years. The number of listings began to slowly increase, which decreased the number of multiple offers from buyers though it remained a seller’s market with less than two months’ inventory in most regions. Gradually, sellers who were on the fence about placing their home on the market, mainly because they had nowhere to go, began to see potential thereby providing more inventory for buyers to look at. And while the rate of price increases also slowed down, we did not see the median price drop significantly. Smart sellers, especially those aided by a CB Bain broker, closely watched the market and were pricing competitively to get their property sold. We ended the quarter with signs of a more traditional market and one that is more favorable to buyers than it has been in a decade. Yet, with uncertainty over interest rate increases, some buyers are still holding off. Correct pricing remains critical. Sellers need to be hyper-local in developing their pricing strategy, based on what is happening in their local market now versus ‘what could have been’ earlier in the year.”
192 +28.9% 121 -0.8% 537 +40.6% 67 +81.1% 24 -14.3% 0 100 200 300 400 500 600 700 800 24 +14.3% 4 2022 Q3 CENTRAL OREGON AREA MARKET REPORT 25 32 24 29 49 56 INVENTORY IN UNITS / 09.30.22 NUMBER OF SALES CLOSED Bend Area Bend Area Sisters Area Sisters Area Bend Area Luxury ($1M+, SF) Bend Area Luxury ($1M+, SF) Sisters Area Luxury ($1M+, SF) Sisters Area Luxury ($1M+, SF) Bend Area 1 Acre + Bend Area 1 Acre + Sisters Area 1 Acre + Sisters Area 1 Acre + MEDIAN SOLD PRICE AVERAGE DOM BEND | SISTERS 83 669 191 56 20 14 central oregon area SINGLE FAMILY (SF), ACRE +1 & LUXURY Bend Area Luxury ($1M+ SF) Bend Area Acre +1 Sisters Area Acre +1 Sisters Area (SF) Bend Area (SF) Sisters Area Luxury ($1M+ SF) $1.48M $1.385M $775K $803K $1.18M $1.325M $600K$300K $900K $1.2M $1.5M
TOTAL HOMES
MEDIAN SOLD PRICE
AVERAGE DAYS ON MARKET
PRICE%
TOTAL HOMES
MEDIAN SOLD
AVERAGE DAYS
PRICE%
+12.3%
-4.0%
$775K
MEDIAN SOLD PRICE UP +12.3% from
$1.18M
MEDIAN SOLD PRICE UP +12.5%
2022 Q3 CENTRAL OREGON MARKET REPORT 5 bend area BEND AREA BEND AREA 1 ACRE+
2021 Q3 2022 Q3 2021 CHANGE
SOLD 669 902 -25.8%
$775K $690K
25 16 +56.3% SOLD/LIST
96% 100%
from 2021 Q3 2022 Q3 2021 CHANGE
SOLD 83 129 -35.7%
PRICE $1.18M $1.049M +12.5%
ON MARKET 32 26 +23.1% SOLD/LIST
96% 97% -1.0%
CHANGE
TOTAL HOMES SOLD 191 207 -7.7% MEDIAN SOLD PRICE $1.385M $1.35M +2.6%
AVERAGE DAYS ON MARKET 24 26 -7.7% SOLD/LIST PRICE% 97% 99% -2.0%
$1.38M
MEDIAN SOLD PRICE UP 2.6% from 2021
6 2022 Q3 CENTRAL OREGON MARKET REPORT bend area BEND AREA LUXURY
Q3 2022 Q3 2021
TOTAL HOMES
MEDIAN SOLD PRICE
AVERAGE DAYS ON MARKET
PRICE%
MEDIAN
AVERAGE
PRICE%
+24.3%
+11.5%
-2.9%
$803K
MEDIAN SOLD PRICE UP +24.3% from
$1.32M
MEDIAN SOLD PRICE UP +20.52% from
2022 Q3 CENTRAL OREGON MARKET REPORT 7 sisters area SISTERS ACRE +1
2021 Q3 2022 Q3 2021 CHANGE TOTAL HOMES SOLD 49 63 -22.2%
SOLD PRICE $1.325M $1.10M +20.5%
DAYS ON MARKET 20 26 -23.1% SOLD/LIST
89% 93% -4.3% SISTERS SINGLE FAMILY
2021 Q3 2022 Q3 2021 CHANGE
SOLD 56 80 -30.0%
$803K $6460K
29 26
SOLD/LIST
93% 97%
Q3 2022 Q3 2021 CHANGE
TOTAL HOMES SOLD 14 17 -17.6%
MEDIAN SOLD PRICE $1.48M $1.305M +13.4%
AVERAGE DAYS ON MARKET 56 79 -29.1% SOLD/LIST PRICE% 89% 93% -4.3%
$1.48M
MEDIAN SOLD PRICE UP +13.4% from 2021
8 2022 Q3 SEATTLE AREA MARKET REPORT sisters area
SISTERS
LUXURY
*Information and statistics derived by CB Bain from the Northwest Multiple Listing Service (NWMLS), Regional Multiple Listing Service (RMLS) and the Multiple Listing Service of Central Oregon (MLSCO) each quarter. Statistics not compiled or published by the NWMLS, RMLS or MLSCO.
