Bend Or Home Sales Mixed The August 2017 Central Oregon real estate data has been published and the sales for Bend single family homes continue to reflect a similar pattern to what we have viewed this summer. Comparing 2017 month to month, sales are flat; comparing data from the same month 2016, figures are mixed. The August 2017 sales for Bend single family homes on an acre or less show the following trends when compared with August 2016: 8.5% more homes are on the market 6.9% fewer homes sold 10.8% more homes entered into contract The average price per square foot is up 14.2% The average active price of a home is up 5.4% The average sold price is up 18.6% The months of inventory are up 17.2%*   Although the majority of the data reflect increasing values and activity, the fact that alm... 09/08/2017

Bend's Air Quality Hazardous The Sunday issue of The Bulletin, Bend's local newspaper, contained an article on the 2017 Oregon fire season. According to the article, we are on track to at least equal the amount of acres burned in 2015 when over 600,000 acres of Oregon land caught fire. Through last Tuesday, August 29, 58 fires have burned close to 460,000 acres throughout the state. In Central Oregon, the impact of the fires has resulted in almost daily hazy sky and sometimes dangerous air quality. This morning, checking the USA Air Pollution Quality Index, Bend's index was almost 400 which is considered extremely hazardous. Sunday evening we traveled up Cascade Lakes Highway to Sparks Lake. Driving on the road, the smoke became progressively thicker the more we entered the mountains. D... 09/04/2017

Bend Or Luxury Home Sales Trending Up During the recession of 2008 - 2011, Bend Oregon luxury home sales were few and far between. Desperate people sold stunning, luxury properties through short sales or banks foreclosed on them. New construction was extremely limited and only financed through private lending and the product built was not considered high end. Many luxury homes that did sell sold at a fraction of their true replacement cost and the Bend real estate luxury home market was very weak. The Bend real estate market has recovered and luxury home sales in Bend are up. There is great confidence with new home builders building million dollar plus spec homes which buyers are purchasing at full listing price. While the overall Bend single family home sales reflect a less than 3 mont... 09/01/2017

ONLY $40,000!  Open concept fully Remodeled Manufacture Home on beautiful Rural mobile park perfectly located between US 20 and US 97 in Tumalo OR area.1981 MANUFACTURED HOME 4-SALE IN VERY NICE MOBILE HOME PARKLOCATED IN CENTRAL OREGON - BEND AREA1100 SQ. FT.  2013 WAS REMODELED WITH ALL SHEET ROCK WALLS  Click here for full pictures NEW FLOORINGS (VINYL/CARPET)  UPDATED 1 -1/2 BATHROOMS, CABINETRY, UPDATED PLUMBING, ELECTRIC, 7 NEW INSULATED WINDOWS, UPDATED WINDOW FRONT DOOR AND SCREEN DOOR, OPEN CONCEPT LIVINGROOM, KITCHEN, DINNING AND SITTING ROOM.  (NEW INSULATED WITH BELLY WRAP UNDER HOME, NEW INSULATED ROOF WITH RUBBER WRAP ROOF BY NEIGHBOR IMPACK AND INSPECTED HOME)  VERY EASY TO HEAT AND KEEP COOL.  ELECTRIC FORCED AIR FURNACE AND READY WITH TILED PAD AND CHIMNEY IN ROOF FOR W... 08/20/2017

We were forwarded this photo taken by a neighbor at one of our listings this morning. Obviously the deer knows who to call for any homes for sale in Bend, Oregon! This property is located in the City View area of Awbrey Butte and is an amazing home just waiting for the right buyer - obviously someone who loves wildlife! 08/15/2017

Flashback Cruz 2017 This weekend is the annual Central Oregon Classic Chevy Club car show. Known as "Flashback Cruz 2017," the show will be held August 11, 12 and 13th in downtown Bend's Drake Park. This show is a great event for any classic car enthusiast and will feature cars built before 1979. The show will offer live music, a street dance and a "cruz" to Mt. Bachelor on Sunday. Many awards will be given to participants. The Central Oregon Classic Chevy Club has been a fixture in Central Oregon for 32 years and is a family club that enjoys the preservation of all classic vehicles. The club members assist each other in locating cars and parts. This free event is a must see for any classic car lover. Original post can be seen at Bend Premier Real Estate. 08/11/2017

Bend OR Home Sales Remain Flat While Prices Rise  July 2017 single family home sales followed the trend set in April - consistent and steady. Although there was a significant increase in inventory, the actual closed sales were down 3.2% from the year before and the pended sales were unchanged from 2016. The chart below shows that Bend single family home prices continue their upward trend with the average price per square foot now at $247. This is a figure never seen before in Bend and may be a contributor to the decrease in the number of new sales. Home prices continue to rise following the trend over the last 5 years. When July 2017 is compared with July 2016, the following changes can be noted for Bend single family home sales: Number of homes for sale are up 13.6% Average sold price... 08/10/2017

Exciting Downtown Criterium Races Through Bend Streets  The 38th annual Cascade Cycling Classic is underway right now in beautiful Central Oregon. The CCC is the longest consecutively run elite stage race in the country and has attracted most of North America's top cyclists over the years; Lance Armstrong's won the CCC in 1997. This year is the first time the CCC has the UCI level ranking for the men with the women's race receiving it last year.  The race consists of 5 stages. The Mackenzie Pass 173 km stage one was completed Wednesday, the Skyliners Time Trial of 22.8 km was completed Thursday and today is the 172.8 km Cascade Lakes Road Race traveling through some of the most beautiful scenery in North America. Tomorrow evening is the Downtown Bend Criterium which involves 75 minutes... 07/21/2017

Bend  Oregon Real Estate Trends MixedThe Bend real estate trends from June reflect a changing market.  Although the inventory levels are finally ticking in the right direction, the 2.4 months of Bend single family home inventory now available are still significantly below a balanced market where 6 months of inventory is considered healthy. Bend residents can see the evidence of new home construction throughout the town and when June, 2016 is compared with June, 2017, the 2.4 months is up 14.2%.  Positive movement, but still not where we need to be.However, the trends are mixed when you compare actual sales. Comparing June 2016 with June 2017 Bend home sales provide the following data:* Number of Sold Homes down 1.6% Number of Pended Homes down 3.1% Days on Market down 16% Average Active... 07/12/2017

Central Oregon Hikes Not to Miss After the 2016/2017 winter we  experienced in Central Oregon, we have anxiously been waiting to have access to the higher elevations of the Cascades. The record-breaking winter snowfall has kept the higher trails, lakes, and passes closed much longer than normal. However, today we were able to hike one of the first trails into the Central Oregon Cascades and made it up Tumalo Mountain. Located just northeast of Mt. Bachelor, the Tumalo Mountain trail is a moderate up and back trek of 4 miles round trip with 1420 feet of elevation change during the hike. As you gain altitude, views of Mt. Bachelor and its ski runs and lifts become visible. Today it is obvious that it will take more time and warm weather before the hike up Mt. Bachelor will be able to be c... 07/09/2017

Are Bend OR Real Estate Trends Changing?Coming out of the record breaking winter Bend had 2016/2017, real estate in Bend appears to be in flux. While prices continue to rise, with the average price per square foot for a Bend home now at $230 which is up 10% from 2016, the numbers of homes which have sold are down 13.8% from the same month in 2016 and the number of homes for sale are also down 2.8%. Inventory levels continue to be low with 2 months supply at all price points based on pended sales, but the average sold price for a Bend single family home is down 3% from the month before So what do these changes mean? Over the past few years we have actively compared Bend home prices with our feeder markets - the Bay Area, Seattle, Portland. And while home prices in these markets remain si... 06/09/2017

Bend OR Single Family Homes for Sale When buyers are searching for Bend single family homes for sale, one of the things they discover quickly is the lack of available inventory. The number of Bend single family homes for sale has been under 3 months of supply for several years, and the number of homes for sale in the lower end is under 2 months. This chart shows the months of supply of Bend homes, breaking the inventory into 5 categories: Bend OR Single Family Homes Sold While the chart above shows the months of inventory, the chart below shows what has actually sold: As you can seen, the greatest interest in Bend homes for sale is the $300,000 to $600,000 price point, although the greatest amount of inventory available is in the $1,000,000 plus category. More homes need to become avail... 05/19/2017

Bend OR Real Estate Prices Continue Upward TrajectoryBend residents who have lived in Central Oregon over the past decade have seen extreme changes in the real estate market. Bend single family home prices escalated during the boom years of 2005-2007 and crashed during the great recession of 2008-2011; the low point for Bend Or real estate was in the winter of 2011. Since this time, Bend housing prices have steadily climbed with roughly 10% gain each year as the market recovered. Today, the prices for Bend homes for sale are back to pre-recession levels with the average asking price for a Bend single family home at $682,000 and the average sold price at $467,000; these figures are 30.9% and 17.6% over the same quarter 2006.*As prices continue to rise, the question needs to be asked "How... 05/11/2017

Bend Oregon Homes for Sale Homes for sale in Bend continue to increase in price. With the weather finally warming and spring in full bloom, buyers are back and homes are selling. Yesterday, Bend Premier Real Estate Principal Broker Lynnea Miller was interviewed by KTVZ-TV on Bend housing trends. The link following includes portions of the interview:  Bend Housing Prices Lack of inventory continues to be our number one issue which is driving our prices. But, for sellers, it is a prime time to list. Bend homes are now closing in on $460,000 on average with the price per square foot over $220,000.* Bend's home prices are back to pre-recession figures, and as long as people continue to move to Central Oregon, we don't foresee prices stabilizing anytime soon. *Data from Multiple Listing Serv... 05/02/2017

Bend Home Sales Impacted by Winter 1st quarter 2017 Bend real estate data have been published and the results reflect our long winter. According to the Multiple Listing Service of Central Oregon, when 1st quarter 2017 is compared with 1st quarter 2016, the following statistics on Bend Oregon homes on less than 1 acre are noted: Homes listed for sale are down 10.7% Homes sold are down 10.3% Homes pended are down 6.8% A large contributor to this decline in sales was the heavy snow we received. It is hard to show a home when you are walking through thigh high snow to get to the front door. And the damage done to homes through ice dams and roof leaks was a priority to home sellers over getting the home listed. However, since the snow has melted, we are seeing a great increase in Bend real e... 04/12/2017

Bend Oregon Luxury Homes Sales Show GrowthDuring the recession of 2008-2012, Bend home sales trended toward the low end. Many Bend home buyers in this period were first time home buyers purchasing foreclosed or short sale homes, investors picking up rental properties at value prices, and people moving to the area purchasing Bend homes with cash. The high end luxury market was close to non existent with only one Bend home over $1,000,000 selling in February, 2011.*Five years later, Bend luxury homes sales have recovered. In the last 3 years, pending sales for homes in Bend listed over $1,000,000 on less than one acre show consistent increasing numbers of homes entering into real estate contracts. The chart below clearly identifies the trend for the Bend luxury market.If you were thinking... 03/31/2017

Is it Now Time to List Your Bend Oregon Home? After the long, hard winter we experienced in Bend, Oregon this past year, some small signs of spring are at last emerging. We saw these crocuses today breaking through the soil and brightening our dormant yard with their beautiful color. These signs of spring, along with our longer days, make us realize that winter may finally be over; for sellers who were waiting for better weather prior to listing their homes  - now is the time! According to data from Central Oregon MLS, there are less than 2 months supply of single family residential homes in Bend based on pended properties; this includes all homes at all price points. If the $1,000,000 plus properties are taken out of the data, there are under 1.8 months supply. We have buyers looking f... 03/19/2017

Bend Oregon Land and Lot SalesThere has been a steady increase in lot sales and land value within the Bend Oregon real estate market over the last 5 years. Coming out the great recession, where developed lots could be found at less than $30,000 and long term investors where able to pick up foreclosed, ready to build subdivisions for greatly discounted prices, the cost of available lots for a buyer to purchase and build a custom home has grown considerably. According to data from the Multiple Listing Service of Central Oregon, when a comparison is made for the period March of 2012 to February of 2013 with that of the same 12 months in 2016 to 2017, the average active price of a Bend lot less than 1 acre has gone up 52.4% with the average sold price up 120.8% The active price today of a B... 03/14/2017

Bend Oregon Real Estate | February 2017 Trends February, 2017 statistics have just been published, and it looks like the snow we had during January/February definitely impacted Bend Real Estate. When compared with February 2016, data for Bend single family homes on an acre or less is as follows: Number of homes for sale down 13.8% Number of homes sold down 1.5% Number of homes which entered into contract down 21.4% The average sales price is up 3.5% to $620,000 The average sold price is up 17% to $441,000 The average price per square foot is up 13.1% to $224,000, the highest figure in 5 years. There are 2 months of inventory based on pended sales** Our common theme over the past few years continues - lack of inventory. During the heavy snow, it was very difficult to show homes, and many... 03/08/2017

Bend Home Sales Continue to be StrongIt is with great interest that we reviewed Bend real estate data from January, 2017. This past January has seen some of the most snow on record for Bend, with many school days canceled, roof ice dams common and streets piled with snow which made showing property very difficult. Despite these problems, January 2017 single family residential home sales in Bend under 1 acre remained strong with 4.2% more properties in pending status in January 2017 than were during January 2016. Inventory levels were 19.1% less and 19.8% fewer properties closed, but of the properties available, more entered into contract during our difficult winter weather in 2017 than did in our more temperate weather January 2016.Bend Home Prices Are UpHome prices continue to climb wi... 02/24/2017