Bend, OR Real Estate News

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Single Family Home Prices Still Rising   The figures from August, 2018 Bend real estate sales are published and the price of a Bend single family home continues to go up. While the trend upward in the asking price of a Bend home appears to be leveling off, the sold price is still rising with the average price per square foot now at $255.  The following data compares August 2017 sales of Bend single family homes on land under an acre with those from 2018: Number of active homes for sale down 6.4% to 619* Number of homes sold slightly up .8% to 255 Number of homes pended up 8.7% to 238 Months of inventory based on closed sales down 7.7% to 2.4 Average days on market down 11.8% to 90 Average price per square foot up 5.8% to $255 (was $241 August 2017) Average active price up 3....
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Homes for Sale Vs Sold   Home values in Bend have changed considerably since coming out of the great recession. What was unheard of in 2011 has become common with Bend million dollar homes selling regularly and contractors willing to build spec homes at this price point. Bend home sales have been impacted by lack of inventory for many years, but with the rise in Bend home values, many of the lower end buyers have been priced out of the Bend market and have instead purchased in outlying areas. We are seeing a transition in the Bend real estate market and a slight increase in inventory.  The following graphs show twelve months of sales/new listings in 4 different price ranges for Bend single family homes over the past 3 years:   Bend Real Estate Prices Trending Up As the chart...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oktoberfest September 21-22, 2018One of Bend's most unique fall festivals is Bend Oktoberfest celebrated in the middle of September. Besides being the main fundraiser for Downtown Bend, Bend Oktoberfest offers "great beer, delicious food, silly games and feats of strength."  Starting Friday, September 21 at 3:00 pm, the festival will include the Stein Hold Competition, the Chicken Hat Hunt, the Bend Beer Choir, the Tricycle Races and the most popular event - the Weiner Dog Race. There will be something for every Central Oregonian to enjoy!Bend Premier Real Estate is pleased to be the Title Sponsor for Bend Oktoberfest this year. Having our main office in Downtown Bend, it is a perfect fit for us as we support fully the fundraising efforts for the Downtown Bend Business Association....
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend OR's Luxury Home Sales Trending UpAs the American economy continues to improve and citizens have more confidence and money to spend on housing, the value of real estate has grown across the country.  Bend is no exception. Bend's average home price has grown by roughly 10% per year since coming out of the great recession, greatly due to the demand on housing coming from new residents moving to Central Oregon in large numbers. For many of these new transplants, the real estate market in their original city is greatly inflated and home values way beyond those of Bend. When they sell, they can often pocket a large amount of cash from the equity in their home. This in turn has driven up housing costs within the city as these new Bend residents can afford to purchase property which is be...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Are Bend OR Home Sales Leveling Off? The July 2018 figures are out and there has been a change in the sales trends for Bend single family homes. Since coming out of the great recession, home sales in Bend have been strong with pended and sold trends consistently higher than those from the year before.  While the average price per square foot continues to rise, the actual numbers of homes sold and pended are down.  When July 2018 is compared with July 2017, the following data can be noted for Bend single family homes on less than an acre: Homes for sale down 2.9% to 643 Homes sold down 6% to 233 Homes pended down 4.3% to 222 Average active price up .6% to $654,000 Average sold price up 5.5% to $502,000 Months of inventory based on closed sales up 3.7% to 2.8 Average price per square foot...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend OR Residents Float the Deschutes River When the summer temperatures soar, Bend residents relax in the water. Whether it is driving up to the Cascade Lakes and enjoying windsurfing at Elk Lake, paddling in a kayak on Todd Lake or water skiing and house boating on Lake Billy Chinook, Central Oregonians enjoy the water during the summer months. One of the recent additions to the water recreational opportunities in Bend is floating the Deschutes River. Unheard of 10 years ago, during warm summer days thousands of people enjoy floating through Bend's Old Mill District from Farewell Bend Park, past the surfers at the Whitewater Park and ending up at Drake Park at Mirror Pond.  Almost as fun as floating the river is sitting on the deck of one of the restaurants in the Old Mill sipping a c...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Balloons Over Bend is a Fabulous Bend OR Festival There are few more stunning sights than watching beautiful hot air balloons floating into the sky with the backdrop of the Central Oregon Cascades at sunrise. Starting this Friday, the annual Balloons Over Bend festival will run through Sunday offering exciting sunrise launches of the balloons, the Night Glow event Friday evening many fun activities for the whole family on Saturday. The schedule includes the following: Friday July 27, 2018 Balloon Launch at Sunrise at RE Jewell Elementary School Night Glow begins at 5pm at Riverbend Park Saturday July 28, 2018 Balloon Launch at Sunrise at RE Jewell Elementary School Children’s Festival from 10am-4pm at the Deschutes Historical Museum Balloon Blast Kid’s Race at 12pm at Troy Field Balloon...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Single Family Home Prices Reach New HeightsThe price of a Bend Single family home has grown to a level never seen before. The number of homes sold under $500,000 has significantly lessened over the last 3 years while those over $1,000,000 have tremendously grown; between 2017 and 2018, the number of sold Bend homes on less than an acre over $1,000,000 have gone up 88.5%. While the overall number of Bend homes sold have not grown that much, the change between the lower and upper end in price is great and those Bend residents who have lived in the community more than just a few years can be amazed at the selling prices of Bend Homes. Bend OR Single Family Home Inventory Levels Remain LowWhile Bend home prices are on the uptick, inventory levels remain quite low with even million doll...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Oregon High Desert Classics July 18 - July 29 The Oregon High Desert Classics, the major fundraiser for J Bar J Boys Ranch, starts today and runs for the next two weeks. The event brings in over 600 horses and 3000 professionals and amateur competitors from all over North America. The show provides for premier hunter/jumper competitions and includes two $25,000 Grand Prix's, National and International US HJA Hunter Derbies and other fun events. The Classics are held on the 40 acre J Bar J Ranch and offers vistas of the snow capped Cascades and six grass rings, four schooling rings, onsite barns, specials events and vendors. There is no cost for attendees to watch the events. The Oregon High Desert Classics provides funds for J Bar J Youth Services, a nonprofit organization that offers p...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Real Estate Prices Still Going Up The June 2018 data is out and the upward trends for Bend OR real estate sales continue. When June 2018 is compared with June 2017, the following can be noted with Bend single family home sales on less than an acre: The number of homes for sale are up 1.5% to 607 The number of homes sold is up 2.4% to 259 The number of homes pended is up 10.8% to 256 The months of inventory based on closed sales is down to 2.3 The days on market is down 1.1% to 89 The sold/original listing price difference is up 1% to 99% The average price per square foot sold is up 6.9% to $249 The average active price is up .05% to $659,000 The average sold price is up 8% to $522,000* For this last figure, we commented last month how the average sold price for a Bend home w...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
100 Acres of Bend's Gopher Gulch Ranch Sold Bend Premier Real Estate Brokers Jen Chapman and Robert Curzon represented the buyers of 100 acres of Bend's Gopher Gulch Ranch which closed on June 29, 2018 for $4,000,000. Gopher Gulch Ranch, located north of Bend's city limits off of OB Riley Road offers outstanding mountain views, rock outcroppings, juniper and ponderosa trees and has approximately 2478 lineal feet of rim line overlooking the Deschutes River. The convergence of the Deschutes River with Tumalo Creek can be seen from the northwest corner of the property. Bordered on the south by the Riley Ranch Nature Reserve and the west by the Deschutes River canyon area, the 100 acres offer amazing views, abundant wildlife and a peaceful setting. Gopher Gulch was homesteaded in 1896 by Ov...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon's Old Fashioned 4th of July Celebration  Since the 1930's, celebration of the 4th of July has been a big deal in Bend. Starting early with the annual Lion's Club pancake breakfast followed by the "not to be missed" Bend Park & Recreation Pet Parade which over the years has including everything from ponies and llamas to dogs elevated by helium balloons, to stuffed animals pulled in wagons, the event draws thousands of people from all over Central Oregon. Following the pet parade, Park and Rec sponsors the Old Fashioned 4th of July in Drake Park. The event, which runs from 11 am to 4 pm, includes live music, local artisans and lots of food and family friendly activities such as 3-legged races, gunny sack races, parachute play, water balloon toss, watermelon eating contests and...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Premier Real Estate to Remain Title Sponsor for Bite of Bend in 2019! The Brokers with Bend Premier Real Estate had a fabulous experience meeting some of the tens of thousands of people who attended this year's Bite of Bend in Downtown Bend. While enjoying the music, the food and the many activities, Bend Premier Brokers had opportunities to talk with hundreds of people and share information about Central Oregon real estate. We hope that all the attendees enjoyed themselves as much as we did. Hope to see more people at the 2019 Bite of Bend!                               Original blog 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)
How High Can Bend Oregon Real Estate Prices Go? The demand for Bend single family homes has not dropped off and the data from May, 2018 shows that home prices continue to rise. Homes priced well are often experiencing multiple offers which drive the price up. While new homes are being built, they are also being sold quickly and the average days on market has dropped.  The following shows the figures comparing Bend single family homes from May 2018 with May 2017: Average days on market down 3.9% to 98 Number of homes for sale up 10.2% to 542 Number of homes sold down 0.9% to 220 Number of homes pended up 6.9% to 249 Average price per square foot up 4.3% to $240 Months of inventory based on closed sales up 13.5% to 2.5 Average active price down 2.7% to $656,000 Average sold price up 9.7% ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Premier Real Estate Bite of Bend June 15-17, 2018 Bite of Bend is an established Bend festival which welcomes in the summer each June. It combines cuisine and culture by offering such activities as bites from local chefs, the Mixology Showcase where the final bartenders battle in the Bartender Brawl. There is the The Beer Run,  Little Hopper Root Beer Run,  Top Chef Competitions & cocktail classes as well. Chefs, bartenders, brewers, cooks, and food enthusiasts from all over come and enjoy the event. Last year there were over  40 food vendors to sample from. Besides all the food related events, there will be amazing music in the evening and vendors filling Downtown Bend for the 3 day event.  Be sure to stop by one or more of our 2 locations in the heart of the event at the corner o...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Luxury Home Sales GrowingThe trends are showing that the number of luxury homes in Bend are growing with strong figures in almost all categories. Since coming out of the recession, home prices in Bend have gained each year, but now more of the Bend real estate market is reflected in the million dollar or more price point than ever before.The last 12 months reflect 35.8% more million dollar single family homes were sold in Bend than the year before, which was up 41.8% over sales in 2016. At the same time, new listings were up 25.7% in 2017 (171) and 54.4% in 2018 (264).* In contrast to the added growth in sales in the million dollar plus Bend home, the months of inventory are dropping, reflecting that the homes which hit the market are selling. Although not yet at a balanced ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Real Estate In Spring Selling SeasonThe April figures are out and the spring selling season has hit! Buyers are offering on the existing inventory and multiple offers on well priced homes are the norm rather than the exception. The trends are also showing a strong market for Bend homes for sale and home sales continue to rise.The figures for April 2018 on Bend single family homes on less than an acre compared with April 2017 are as follows: Homes for sale up 7.7% to 459 Homes sold up 3.9% to 554 Homes pending up 4.5% to 672 The average price per square foot for sold homes up 8.2% to $238 The average active price is down 4.7% to $650,000 The average sold price is up 6.5% to $494,000 The months of inventory based on closed sales is up 26.3% to 2.4* Some of the strong trends ca...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Real Estate Sales Remain Strong We sound like a broken record, but the trends for Bend single family home sales continue their upward tract.  When 1st quarter 2018 statistics are compared with 1st quarter 2017, the following data is seen: Homes for sale up 23.3% to 444 Homes sold up 14% to 506 Homes pended up 6.7% to 620 Average price per square foot up 9.5% to $235.75 Average days on market down 8.5% to 118 Average active price up 2.2% tp $646,00 Average sold price up 10.8% to $484,000 Months of inventory based on closed sales up 8.6% to 2.5* Bend Oregon Continues Strong Sellers' Market Part of the increase in sales during 1st quarter 2018 compared with 1st quarter 2017 has to be attributed to our relatively mild winter. We cannot forget the record breaking snow fall we had last w...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend OR New Construction 5 Year Trend For the past few years, we have been reporting that Bend home prices have been rising. From almost no new construction during the great recession to now where it appears that new homes are being built all over town, Bend has recovered from the downturn. New home trends in Bend have gone from $430,000 to $591,000 asking price (up 37.5%) and $315,000 to $522,000 selling price (up 65.7%) over the past 5 years.*  Ask any builder and they will tell you that land prices, rising material costs and labor shortages have driven the price of Bend new homes.      Bend New Homes Prices Steady Compared with the last 5 years, there appears to be a change in asking prices for Bend new homes. From the peak asking price last April of $663,000. the average price since...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Reaching Out - Learning a Bit More About Lynnea Miller  I received an email from Lynnea earlier this month, asking for a referral in another part of my state. Excited to share that I have a wonderful referral partner in that area of the state, and instead of just emailing her back, I picked up the phone and called. I'm SO glad that I did as I learned what I already knew about our Bend, Oregon Realtor® in the Rain... Lynnea began her real estate career working with her husband, a general contractor, marketing his homes. She then got her real estate license and joined a local brokerage, first as part time Broker and marketing director for the brokerage, and later as Principal Broker. Lynnea opened her own brokerage, Bend Premier Real Estate, in 2010 and is now the number one, independent,...
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