Special offer

Bend, OR Real Estate News

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...
Comments 2
By Cheri Smith
(Total Property Resources)
Each quarter the MLS compiles year to date sales statistics that compare the current market to previous years. The 3rd quarter statistics have been released. The MLS breaks the statistics into groups including single family homes, townhomes/condos, manufactured homes, single family homes on acreage, manufactured homes on acreage, and bare land/lots. For this post, I focused on single family homes and bare land/lots. In summary, the number of single family homes sold in Bend is up 20.39% compared to this time last year but the median sales price is down 29.1%. For homes on acreage, the number of sales is up 27.85% but values are down 41.7% compared to this time last year. Bare land has taken a much bigger hit. The number of lots or parcels sold is up 20.9% compared to this time last year...
Comments 0
By Cheri Smith
(Total Property Resources)
This Italian inspired home in Pronghorn was originally listed at $2,695,000 in May 2008. It features a gourmet kitchen with Amarillo Pearl granite, off-white cabinetry, bronze fixtures, travertine tile, wine storage and an adjacent formal dining room. The great room has exposed beams, a gas fireplace with adjacent built-ins, and beautiful chandeliers. The spacious outdoor living area has a large courtyard and a fireplace. The Separate Casita will make your guests feel right at home. The 1 acre lot alone sold for $540,000 in 2006. Now this 4 bedroom, 4.5 bath, 4664 sq. ft. home is available for $844,000. It is a short sale.            
Comments 0
By Kryste Adams, Bend, Oregon Real Estate
(RE/MAX Key Properties - Luxury Homes, Golf Course Homes)
Real Estate Market Statistics for Home Sales in Bend, Oregon -  September 2009 Sales Prices vs. List Prices.  Home sales are up and so are sales prices in Bend. The difference in Sales price vs. list price for homes sold in September 2009 in Bend, OR, are close to or over 100%.  Of the 167 homes Sold in Bend, OR, in September, 8 homes were on the market less than 30 days and they sold for 105% of the list price.  There were also 43 homes on the market for between 30 and 60 days that sold for approximately 99% of the list price.  The remainder of the homes sold in Bend were on the market greater than 60 days and still sold for around 93% of the list price.  List vs Sales Price for Bend Oregon Home Sales in September 2009                    Minimum         Average            Median       ...
Comments 0
By Kryste Adams, Bend, Oregon Real Estate
(RE/MAX Key Properties - Luxury Homes, Golf Course Homes)
Bend, OR Real Estate Market Statistics - Homes Sold in September 2009 In September 2009 there were a total of 167 Single family homes sold in Bend, Oregon. Bank owned homes sold comprised 66 of the total home sales in Bend while 33 were short sales. In comparison to Augst 2009 Statistics there was a slight increase in total homes sales, approximately 23 more homes sold in Bend, OR in September 2009 vs August 2009. The most notable difference is the amount of Bank Owned homes sold in Bend in September vs. August. There was almost a 50% increase in the number of Sold Bank Owned homes in Bend, 36 sold in August vs. 66 sold in September. The 'September 2009 Sold by Type' pie chart has the break down for Residential and Residential with Acreage Homes sold in Bend Oregon for September 2009.
Comments 4
By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
For the third month in a row, Tumalo's real estate market was most notable for its decreases (which is actually good news). Once again, the number of Active Residential with Acreage listings shrank (from 93 to 86), which continued Tumalo's downward trend in inventory (from a high of 99 RW listings in January). Similarly, the supply again decreased, to a 26-month supply in September (compared to a 40-month supply in February). That decrease in supply can be attributed in part to the ongoing increase in sales. And this month, eight of the 13 Pending and Closed sales were above $500,000 -- more good news for sellers. Although the median price for Active RW listings in Tumalo also increased (from $689,000 in August to $722,000 in September), the number of Active million-dollar listings rema...
Comments 0
By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
We have some great things learned in this past week and if you take nothing else away from today’s email remember 2 things: Rates are still unbelievably good, near 5.125% with no origination and 4.875% with normal origination and closing costs for conforming, conventional 30-yr Fixed, principal and second home purchases; and Don’t sit by waiting for improvement in rates. If you have a friend or client who wants to sit by and see if they can get to 4.5% or 4.625% like we saw earlier last week, advise them to take anything near 5%. The bond market (MBS) dropped off suddenly on Friday and while the big red bar in the chart below has some technical movement (30-day rollover) that makes it look worse than it is, it was still a rocket sled ride from 180 day highs we were enjoying. What happen...
Comments 1
By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
Original photograph of Wednesday morning's foggy sunrise in Tumalo, Oregon, taken by Lisa Broadwater, Broker, GRI; RE/MAX Town & Country Realty, 178 S. Elm, Sisters, OR, 97759. 541-549-3333. All rights reserved and may not be reproduced or reprinted without express written permission For more images, visit www.CentralOregonHome4You.com.
Comments 4
By Kryste Adams, Bend, Oregon Real Estate
(RE/MAX Key Properties - Luxury Homes, Golf Course Homes)
Super Fun Fall Family Activities in and around Bend, Oregon – NorthWest Crossing Harvest Fest 2009 in Bend, Oregon. If you haven’t been to a festival in NorthWest Crossing, then you are missing out. The 2009 Harvest Fest will surely be another Super Fun Fall Family Activity in Bend, OR. As always, NorthWest Crossing has planned pleanty of activities to keep the kids happy and local music for all to enjoy.   Location: NorthWest Crossing on NW Crossing Drive in the Neighborhood Center Date: Saturday, October 17, 2009 Time: 12:00 PM to 4:00 PM   Super Fun Kids Activities Kids' Halloween Scavenger Hunt throughout the NorthWest Crossing Neighborhood Center Kids' Costume Contest and Parade (3:00 pm) Facepainting, provided by the Summit High Dance Team Free bouncy houses Meet "Louie" the mini ...
Comments 0
By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
  While the White House remains mum on the topic, an interesting battle is developing in congress around extending the current $8,000 homebuyer tax credit.  Two bills have been introduced with very different objectives.  Let’s hope the two merge into a true extension of the credit before it expires in 53 days. The House Bill H.R.3590, introduced by Charlie Rangel (D-NY), has added 10 more co-sponsors just this week, now with 40 congressmen pushing for it.  HR3590 would extend the credit through 2010, but unfortunately, only to certain servicemen and other federal employees. We are more interested in the Senate version, S.1678, introduced 3 weeks ago by Senator Ben Cardin (D-MD), which would extend the credit as is, to first-time homebuyers buying before June 1, 2010, fully a 6-month ext...
Comments 5
By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
[This post was originally emailed to subscribers Monday October 5, 2009 - If you wish to subscribe, just send me an email - dave@signetmortgage.com] The residential mortgage rates continued to improve throughout the week so we are now back into the record territory enjoyed before Memorial Day!  See the chart below for MBS numbers and remember that “up” is positive on this chart.  Rates are great and we are running out of runway on the $8,000 tax credit (56 days remain!) but we can still get in if you act quickly. Sunday’s surprise blanketing of show here in Bend, OR was nice until the trees started breaking.  The stock markets climb over the past 6 months was encouraging, until the supports started snapping.   Dr Nouriel Roubini (NYU Econ Prof who predicted the subprime and economic mel...
Comments 1
By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
The Fed did shake up the market a bit with their FOMC announcement (click here) on Wednesday.  The interesting thing is that the only real news was that their purchases of $1.25 Trillion of Mortgage-Backed Securities (MBS) would end NOT by Christmas, but taper off into March.  No more or less purchased, just spread out (less per week) for the coming 6 months.  The market loved the deferral of the end even if it means lesser appetite in the middle.  Loved it so much that as you can see in the chart down below, MBS are now enjoying their best levels in the 90 day window, not quite as good as 6 months ago, but still exceptional.  Interest rates are fantastic, and this party won’t last forever. Speaking of deferring the END, what have you heard lately about the $8,000 real estate tax credit...
Comments 0
By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
Have you enjoyed the 50% ride up in the stock market since lows of March 2009?  I hope you aren’t one who rode it down, got disgusted and finally pulled out of the market just before it took off again.  There is quite a bit of talk of another dip coming in stocks – some even predicting going lower than March.  I’m not an expert there, and have no predictions, but I do have interest. Normally the stock and bond markets run contrary based on fund flows (today being an example with stocks falling and bonds improving – thereby allowing interest rates to drop.)  But for the past 6 months, rate-influential Mortgage-Backed Securities (MBS) have done very well, thank you, even during this baby-bull run. It brings up some plusses and minuses to be thinking about coming into the 4th quarter.  Her...
Comments 0
By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
So is it really the unemployment number or the UNDERemploymnet number that keeps buyers out of the market? First let’s look at jobs and inflation data.  The Jobs report on Friday was a bit of a surprise with fewer jobs lost (216,000 non-farm payroll) than expected (250k) and fewer than any month in the past year.  Many are taking this as another sign that we are near or at the bottom of the recession.  The turnaround call could be correct as the employment numbers always lag quite a bit and will continue to worsen even as GDP starts to rise. Even with the better than expected job loss number we need to keep a few things in mind.  The number is always very preliminary and will very likely be revised down as the last 2 months were revised this week by another 50k each.  The population dyn...
Comments 2
By Cheri Smith
(Total Property Resources)
During the month of September there were 1543 homes for sale, 264 contingent sales, 328 homes pending, and 173 homes sold. Sales were up in September compared to August but the number that really stood out to me was the number of homes pending. Pending sales are way up. I think it's probably first time buyers trying to close in time to get the $8000 tax credit. Most of the pending sales are in the $200,000 - $250,000 price range and within that range, the majority actually fall between $200,000 - $225,000. However, pending sales over $500,000 are also up. In August, there were 21 pending sales over $500,000. In September, there were 42. When you look at the chart below, know that active listings did not decrease by 200 from July to August. I recently changed the way I calculate the acti...
Comments 1
By Kryste Adams, Bend, Oregon Real Estate
(RE/MAX Key Properties - Luxury Homes, Golf Course Homes)
A Snowy Morning in Bend, Oregon! Today we woke up to quite a surprise.  Can't believe it was 90 degrees a week ago.  Here are some pictures from my snowy neighborhood in Bend. The Neighborhood with a fresh Blanket of Snow   My Little Angel making Snow Angels   Early morning backyard views now several inches deeper.
Comments 15
By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
From 90 degrees and sunny to the year's first snow (early even for Central Oregon!) -- in the blink of an eye! What happened to Indian Summer? Original photograph taken this morning in Tumalo, Oregon by Lisa Broadwater, Broker, GRI; RE/MAX Town & Country Realty, 178 S. Elm, Sisters, OR, 97759. 541-549-3333. All rights reserved and may not be reproduced or reprinted without express written permission For more images or information about real estate in Central Oregon, visit www.CentralOregonHome4You.com.
Comments 9
By Cheri Smith
(Total Property Resources)
I'm a very regular listener of OPB radio. My radio alarm clock is set to OPB and it's a programmed station in my car. Button number 1 in fact. As you can imagine, I was more than flattered when the executive producer of Think Out Loud, Sarah Rothenfluch, called me to invite me to be on the show as a guest. The topic was "Home Buying" and the $8000 tax credit for first time buyers. She called yesterday at 3:00pm to see if I could be on the show this morning at 9:00am. First I felt flattered, then incredibly nervous. That's not much time to prepare! She asked me a few questions over the phone then told me I'd be asked pretty much the same questions on the show. That gave me some confidence. I thought I handled the questions over the phone pretty well, and I'd have a little more time to pr...
Comments 4
By Kryste Adams, Bend, Oregon Real Estate
(RE/MAX Key Properties - Luxury Homes, Golf Course Homes)
Oregon Homeowners Open your Notice of Default Letters NOW! There May be Help Inside.  New Law Requires Lenders to Talk to You about Loan Modification!   There is good news for Oregon homeowners trying to avoid foreclosure. A new law, Senate Bill 628, just passed the Oregon Legislature and now requires lenders to take more steps to keep Oregon homeowners in their homes. Senate Bill 628 will hopefully make it easier for homeowners in danger of foreclosure to get the information necessary to stop the foreclosure process through loan modification. A summary of the new requirements are below, the full details are available in a great article Foreclosure Life Line by KOHD news. Lenders are now required to meet with Oregon homeowners either by phone or in person to determine if the homeowner q...
Comments 2
By Kryste Adams, Bend, Oregon Real Estate
(RE/MAX Key Properties - Luxury Homes, Golf Course Homes)
Super Fun Fall Family Activities in and around Bend, Oregon – The Parks & Rec Central Oregon Pumpkin Festival. The Original Central Oregon Pumpkin Festival in Bend, Oregon is the third post in a series of Super Fun Fall Family Activities in and around Bend, Oregon. See the links at the bottom of the post for more Fun. The Bend Parks & Rec. annual Original Central Oregon Pumpkin Festival is yet another great way to celebrate the harvest season. Activities include hay rides, pony rides, farm animals, face painting, a spooky barn and many other fun kids activities. As with all festivals in the Bend area, there will be great food and live entertainment. Although this is a family friendly activity, please leave the family dog at home. Adults Admission: FREE Children’s Admission: $10 for unli...
Comments 0
By Kryste Adams, Bend, Oregon Real Estate
(RE/MAX Key Properties - Luxury Homes, Golf Course Homes)
Super Fun Fall Family Activities in and around Bend, Oregon - The Bank of the Cascades Bend Fall Festival 2009 in Downtown Bend. This is the second in a series of posts about Super Fun Fall Family Activities in and around Bend, Oregon to help keep you busy celebrating the Harvest Season. The 2009 Bank of Cascades Bend Fall Festival is happening this weekend in Downtown Bend, Oregon. A Super Fun Fall Family Activity for kids of all ages. The Bend Fall Festival is a harvest celebration that takes over Downtown Bend with Local music, artisans, food, interactive wellness exhibits and family friendly activities. The annual Fall festival complete with pumpkin carving contests, hay rides, scarecrow contests and apple bobbing, is a great way to welcome the harvest season. This year the Bend Mem...
Comments 0
Explore Bend, OR
Bend, OR Real Estate Professionals