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All About Oregon Real Estate

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Redmond Single Family Home Sales Strong Redmond Oregon is a booming town. For those who live there, that is evident every day with new construction, new businesses, and new residents moving into this vibrant community. Over the past decade, the town's population has grown by 27% and has a large percentage of the town's residents being families with an average of 3.15 residents per home according to the city website. There is not a wide variation in home prices in Redmond with average and median sales price close over the past six months. Although home prices have risen, so have the numbers of pending and sold homes. The months of supply has grown, but Redmond remains in a seller's market, although not as extreme has was seen a year ago. When the first six months of 2024 is compared wit...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The July 2024 Bend Premier Newsletter? Our latest newsletter has some great articles. Check it out! Bend Home Prices Up As Are Inventory Levels Filipino BBQ Pork Skewers 9 Tips to Keep Your Home Cool Without AC Maxwell Butte Trail Things to Avoid After Applying For a Mortgage   For more blogs and for all information on Central Oregon real estate, check out our website!   
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Prices Up As Are Inventory Levels Bend home prices are up year over year but so are inventory levels. The rate of the increase in Bend home prices has dropped, but we are still not experiencing overall reduced home prices. While buyers have more options, mortgage interest rates (just short of 7% as of July 3, 2024) remain high which has limited the buying power for many. July typically is the busiest month of the year for Central Oregon home sales and it remains to be seen whether the combination of high prices and high mortgage interest rates will curtail Bend real estate sales this summer.When June 2024 is compared with June 2023, the following changes for Bend single family home sales on less than an acre can be noted: Average sales price up 5.9% to $969,547* Median sales ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Maxwell Butte Is A 10 Mile Hike In The Willamette National Forest The 4th of July 2024 was a clear and beautiful day to hike in the forests of Oregon's Cascades. Despite a few mosquitoes in the early hours of the hike, the well marked trail to the top of Maxwell Butte was cleared of fallen trees and only had a few snow patches once the trek up the butte itself began. However, the walk through the woods was lovely with many shade-loving wildflowers blooming and no one else seen. After passing small Twin Lakes and the junction with the Lava Lakes Trail, the hike passes through more woods and open areas until the final push up Maxwell Butte starts. The trail steepens and switchbacks and as hikers gain elevation, the views towards North and Middle Sister, The Husband, the Wife and then Bro...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Iron Mountain and the Cone Peak Trail are probably one of the best hikes for wildflowers in Central Oregon. Each year many Oregonians will hike to the top of Iron Mountain, or take the full Cone Peak loop to enjoy the flowers.  Experts state that most of Oregon's 300 + wildflower species can be located near Iron Mountain as well as over 17 species of trees. For those starting at the Tombstone parking lot, the entire hike exceeds 1900 feet of elevation gain in seven miles. The time of the hike will probably depend on how often hikers stop to check out the flowers and views, but most can complete the full loop, including the side hike up and back to the top of Iron Mountain, within 4 hours. The mountain was especially beautiful the end of June, 2024. heck out our website blog for more gr...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
The Hike To Tumalo Mountain Still Has Snow 6-22-24 After a winter which had good snowfall, hiking into the high Cascades has been delayed due to the snow accumulation. However, the warm days experienced over the past week have aided snow melt.  Last Saturday, June 22, 2024, enough snow had melted on Tumalo Mountain to enable hikers to walk the 1450 feet of elevation gain in two miles from the trailhead to the top. It appeared as if half the time the trail was covered by snow, but it was fairly easy to follow the route until the last 1/2 mile; GPS helped navigate this as did microspikes over ice.The hike up Tumalo Mountain is only 2 miles, but the views from the top toward South and Middle Sister, Broken Top, and Mt Bachelor can be spectacular. For those who take the hike early in the d...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Newberry Crater Is Hikeable NowWhile waiting for the snow to melt from the higher elevations of the Cascade Mountains, people looking for a Central Oregon hike with mountain views can consider Newberry Crater National Monument. Besides the well-known Paulina Falls, Obsidian Trail, the hike to Paulina Peak, and the various treks around both Paulina and East Lake, there is the relatively little known hike starting at the Cinder Hill campground at the end of the road by East Lake up to the Crater Rim and then to the Cinder Hill viewpoint. Although not the longest hike, there is close to 1000 feet elevation gain over two miles and then the relatively easy 3/4 mile hike along the Crater Rim trail to the view point. The hike from the campground to the rim is not difficult due to multiple swit...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The June 2024 Bend Premier Newsletter? What are the Puzzling Trends for Bend Home Sales? Raspberry and White Chocolate Muffins 10 Ways to Prepare Your Home for Summer The Road to Paulina Peak in Newberry Crater is Open for Hikers The Wealth Building Power of Home Ownership  
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What The Puzzling Trends For Bend Home Sales Tell Us The May 2024 data has been published and it appears that Bend home buyers have more options. Inventory levels are up, but so are prices and overall sales are down. Basic economics tells us that as supply increases, prices should decrease. But right now, the supply of Bend homes has grown along with a slight uptick in home prices with sales significantly down from the year before. Adding to the confusion are mortgage interest rates. According to Freddie Mac, mortgage interest rates were above 7% for most of the month of May which impacted the purchasing power of many potential Bend home buyers.                      What Were The Bend Real Estate Trends May 2024? When May 2024 is compared with May 2023, the following data reflects Bend...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
  The Paulina Peak Road Has Snow But It Is Melting Fast Reports about the trail to the top of Paulina Peak in Newberry Crater National Monument on June 1, 2024 stated that the last mile had a lot of snow. Rather than navigate through this and the abrupt steep drop off the last mile of the trail, hikers could elect to walk the road up to the peak. This road was not yet open for vehicles and had snow patches in the shady areas, but was very much passable by hikers. The last 1/2 mile to the peak on the road had three feet of compacted snow, but with the use of trekking poles, it was easily traversed. The views of the snow capped Cascades and Paulina Lake were splendid from the top as were eastern views toward Fort Rock and the Obsidian Flow. Hiking the road results in 1600 feet of elevati...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Chush Falls Is Snow FreeOne of the earliest spring snow free hikes in Central Oregon's forests is the hike to Chush Falls. The trailhead is located off the road to Three Creeks Lake outside of Sisters several miles down a gravel road and then a short trek up a narrow dirt and rock road. The parking area is small so people wanting to hike the relatively short 2.2 miles to lower Chush Falls should plan on arriving early to get a parking space. The trail starts in burned forest - the result of the 2017 Milli Fire. However, unlike the experience with earlier hikes, almost all of the burned trees from this fire which have fallen across the path have been cleared which makes the trek to Lower Chush Falls fairly quick. One result of the fire are the views of North/Middle Sister and Broken Top ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Black Butte Trail Is Short But SteepThe trail to the top of Black Butte starts part way up the butte after a drive on a fairly well maintained dirt and gravel road followed by a poorly maintained dirt and rock road. Once you reach the trailhead (complete with stocked toilets), the two mile hike to the top of the butte can be accomplished fairly quickly.  Hikers gain over 1500 feet in the two miles, but the Cascade views from Broken Top to Mt Adams can be spectacular on a clear day. There is limited parking at the Black Butte Trailhead (forest pass required) so hikers are recommended to arrive early to get a spot and to avoid crowds.  The hike is very popular with visitors to Black Butte Ranch and and Camp Sherman as well as local year-round residents. Original blog can be read at Bend P...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Are Bend Luxury Home Prices Stabilizing?It has been a while since we have done a careful analysis of the high end Bend home market. Overall, the Bend real estate market has seen growth in inventory levels along with high mortgage interest rates and a more normal increase in home prices. The same cannot be said for the luxury market. For Bend luxury single family homes on less than an acre, inventory levels and sales prices appear to have stabilized with only a slight increase in the number of homes priced between $1,000,000 and $1,600,000. For homes priced over $1,600,000, there has been a decrease in sales price over the past twelve months. The Number Of Bend Luxury Homes Selling Is Down Along with high mortgage interest rates comes issues with affordability. Even with the luxury home ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The May 2024 Bend Premier Real Estate Newsletter?We are seeing spring in the air and our latest newsletter has articles addressing spring and the Bend housing market.  Bend Home Inventory Levels Rising Asparagus and Crab Salad To Dos: Your May Home Checklist 2024 Bend Oregon Concerts Scheduled Builders are Building Smaller Homes Original post can be seen at Bend Premier Real Estate's blog page.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Home Inventory Levels Rising Bend real estate is entering its peak selling season from late spring until early fall. With this season a rise in home inventory levels typically leads to greater buyer interest and more sales as buyers who may have been sporadically looking for homes get more serious about their purchase, often wanting to negotiate a sale and closing before fall. Sellers who may have been waiting until spring and summer when landscaping is alive and curb appeal can be its best will put their homes on the market hoping to sell quickly. And real estate brokers may find that both buyers and sellers they have been in communication with through winter are now ready. The April figures for Bend single family home sales on less than an acre reflect rising inventory le...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Central Oregon Market Trends 1st Quarter 2024 The Central Oregon real estate market trends for the major urban areas continue to reflect a seller's market, although residential inventory levels have risen in most locations. The desperate lack of inventory experienced during Covid has changed, and while home prices overall continue to rise, in some smaller markets price reductions can be noted. With more inventory, days on market have also generally gone up, but well priced homes are still selling quickly and multiple offers can happen. Bend, Redmond and Sunriver are showing strong upward trends in all categories with home prices, listings, inventory levels and days on market all rising. Whether or not this trend continues in 2nd quarter with mortgage interest rates well about 7% remain...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Redmond Single Family Home Prices Up After dropping 1st quarter 2023 from 1st quarter 2022, Redmond single family home prices rose 1st quarter 2024. The relative affordability of Redmond compared with other urban areas in Deschutes County (i.e. Bend, Sisters and Sunriver), has led to an influx of new purchasers and demand for those who cannot qualify to purchase homes elsewhere. That and a growing number of local events and an active city council keeping up with infrastructure needs has led to a vibrant community for which demand cannot keep up with new inventory; rising home prices have been the result. Redmond Listings Still Lower Than Needed Although there were more new listings 1st quarter 2024 than in 2023, the number is still down 20% from 2022. Inventory levels of single family ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Hayden Homes Amphitheater In Bend OregonNestled in the heart of Bend's Old Mill District along side the Deschutes River, Hayden Homes Amphitheater stands as a testament to the harmony between nature and music. With its picturesque surroundings and state-of-the-art facilities, it has become a beacon for music enthusiasts and performers alike.2024 Season of ConcertsThe 2024 season promises to be a spectacular journey through a diverse range of musical genres, catering to every taste and preference. This year there are so far 49 shows on the books including Rock, Classic Rock, Indie-Alt, Pop, Country, Reggae and a few high-profile comedy acts.  To name a few:  Sarah McClachlan, Dave Matthews Band, Vampire Weekend, Stray Cats, Cage the Elephant, Matt Rife, Illza, Nickel Creek, The Avett Bro...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Discovery West Is A New Westside Bend Oregon Subdivision Discovery West is the latest subdivision in the NorthWest Crossing area of Bend's Westside. Developed west of Summit High School and with 40 acres of parks with miles of trails, the project offers a variety of housing options, ranging from apartments, town homes, cottages and single-family homes. Discovery West is being built under the "transect" concept of urban development in which the housing density decreases the further out people go from the urban core. The goal with this type of development is to help mitigate wildfire risk and the impact on wildlife.  Discovery West Is Popular With Bend Home Buyers There is a lot of new construction occurring in Discovery West.  As a new subdivision, many contractors are building spec hom...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The April 2024 Bend Premier Real Estate Newsletter? Bend Home Prices Up and Inventory Levels Down Minty Salsa Verde 7 Paint Colors to Decorate With This April Alder Springs is a Little Known Central Oregon Hike Top 5 Reasons to Hire an Agent Original blog can be read at Bend Premier Real Estate's website.
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