Bend, OR Real Estate News

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Luxury Home Sales On Upswing Bend home buyers and sellers know that real estate prices have been on the upswing for several years. Bend homes have gained value consistently since 2011, with the average sales price up 95% in the last 7 years.*  However, what about the luxury, over $1,000,000 market? What have the last 2 years shown for high end home demand in Bend? As expected, home prices are up in the luxury market as well. When the trends from 2016 through 2017 are compared with Bend single family homes over $1,000,000 on less than 2.5 acres are compared, the following changes can be seen: Number of homes for sale up 11.1% to 60 Number of homes sold up 54.5% to 85 Number of homes pended up 46.7% to 88 The average square foot price is up 4.6% to $326.68 The months of invent...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend  Builders Cannot Keep Up With the Demand Everyone living in Bend should be aware that a lot of new residential homes are being built. Just drive through town and new subdivisions and new in-fill on what used to be open space are popping up throughout the city. Builders are finding it difficult to keep up with the demand and people working in the building trades are stretched thin with far more work than they can handle. This demand is  leading subcontractors to charge more to keep their employees well paid and to make a good profit, suppliers charging more for their building materials, and home prices for new construction rising as a result. When comparisons are made between new residential construction over $1,000,000 from 2016 to 2017, the following statistics can be noted: Homes...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Real Estate Market Shows No Sign of Slowing The 2017 year end data is out and the Bend Oregon real estate market continued its upward trends. Outside of the slowdown experienced during the winter of 2016/2017 where Bend residents were more concerned with ice dams and heavy snowfall than selling or buying property, the data from 2017 mirrors what we have been experiencing since leaving the recession of 2008-2011. Bend home prices keep rising and people keep buying. The following data compares Bend OR single family home sales from 2016 to 2017 Number of homes for sale up 11.6% Average price per square foot up 9.5% Average active price up 7% Average sold price up 10.2% Months of inventory based on sold sales remains less that 2.5 months When the same categories are used comparing 2015...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Real Estate Sales Slow As Winter Approaches As the days shorten and the weather gets colder as we approach the start of winter and the end of year holiday season, real estate sales in Bend typically slow. The November 2017 trends are no different than what we traditionally see this time of year.  When November 2017 trends for Bend single family home sales are compared with November 2016, the data show as follows: Number of homes for sale is up 8.6% Number of homes sold is down 3% Number of homes pended is down .6% The months of inventory based on closed sales is up 8.8% to 2.5 months Given the continued demand for Bend single family homes, as expected prices continue to rise comparing November 2016 to November 2017: The average sold price per square foot is up 5.6% to $228 The aver...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Single Family Home Sales Are UpThe October home sales numbers in Bend provide data which reflect a strong market. Coming out of a summer with an unprecedented number of wildfires which greatly impacted tourism, real estate sales this fall have come roaring back with a large number of closings, new inventory and a continued uptick in home prices.Comparing October 2016 with October 2017, Bend real estate trends show the following: The number of homes for sale are up 17.2% The number of homes sold are up 15.2% The number of homes pended are up 2.2% The average price per square foot is up 7.3% to $234 The months of inventory based on closed sales is unchanged The average active home price is up 8% to $647,000 The average sold price is up 12% to $475,000 The average days on marke...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend OR Luxury Home Sales Continue Trending Up The high end market in Bend appears to be showing continued strength. Despite a smoke filled summer with many forest fires, the concerns which dampened tourism during the eclipse, and an unprecedented winter with more snow than ever recorded before, there is great enthusiasm for Bend million dollar homes. The following statistics compare September 2017 Bend single family home sales over  $1,000,000 on less than an acre with sales from September 2016: Homes for sale up 27.9% Homes sold up 75% Homes pended up 66.7% Average active price up 12.1% Average sold price down 10% Average price per square foot down 4.2% Months of inventory down 27.5% More interesting data can be seen comparing 3rd quarter 2017 with 2016: Homes for sale up 27.9% Homes ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend OR Real Estate Sales Results Remain Mixed Moving into fall, Bend real estate sales typically trend downward as the weather cools, school starts and tourism drops during the shoulder season between summer and winter. During this time, the frantic pace of summer sales becomes more contained as the buyers with school aged children are no longer looking in large numbers and the bulk of our buyers become retirees, investors or those looking for second homes. When we compare the September data from 2016 with 2017 for Bend single family home sales on less than an acre, the following changes can be seen: Number of homes for sale up 9% Number of homes sold down 11.6% Number of homes pended up 23% Average price per square foot up 5.9% Average active price up 7.7% Average sold price up 7.6% M...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
After a summer  of forest fires which blanketed the sky and impacted Central Oregon with weeks of choking smoke, this last week we have been blessed with rain, early snow and, at last, smoke free skies.Today we traveled a short distance from Bend up Cascade Lakes Highway to Sparks Lake, one of the most beautiful of the High Cascade Lakes and favored of renowned photographer Ray Atkeson.  The day was stunningly beautiful and the photo opportunities endless. This is one of many reasons why we love Bend, Oregon! Original blog can be seen at Bend Premier Real Estate Blog.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Premier Real Estate Brokers Participate in Amerititle's 2017 Bocce Ball Tournament Bend Premier Real Estate had a great showing at Amerititle's 2017 Bocce Ball Tournament held at the Old Back Nine golf course in Bend, Oregon. BPRE was represented by two teams, and lots of fun was had by all. Although neither team won, over $7000 was raised for local charities. Congratulations to Katharine Miller, Danielle Gates, Emily Reeves, Carrie DiTullio, Myra Girod, Jack Zika and Lisa Wettstein for their participation.                   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)
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...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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...
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By Barb England, Real Estate Professional
(Arizona Seller Financing)
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...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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!
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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...
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