In this month’s report, we delve into the latest sales data for the Bandon real estate market up until July 20, 2023. The data, which covers single-family homes, condominiums, manufactured homes, and land lots, paints an interesting picture of this coastal real estate market.

In an unusual turn, the current month’s data shows zero recorded transactions across all property categories. However, last month saw a single transaction, suggesting a temporary slowdown rather than a complete halt in market activity.

The sole transaction that took place last month, and indeed in the past 180 days, was sold for an average and median price of $189,000. Unfortunately, due to the lack of other transactions, we do not have data for the average and median price per square foot for this period.

Despite the lull in transactions this month, it’s important to not infer a negative trend in Bandon’s real estate market. The industry is known for its cyclical nature, and such periods of quiet are not uncommon. The previous transaction indicates a reasonable property value, maintaining Bandon’s reputation as an attractive market for homebuyers and investors alike.

We anticipate that the coming months will bring more activity to Bandon’s real estate market, and we will be here to provide updates and insights as they unfold. Stay tuned!