Deschutes County, OR Real Estate News

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Real Estate Sales Cooling Fall 2023 While it is typical in the Bend and Central Oregon real estate markets to see a slowdown in sales once we enter into late fall, the change to our market seen in August 2023 does not follow the normal trends. With the 30 year mortgage interest rate now above 7%, the purchasing power of many potential home buyers has been significantly changed. In addition, the number of sellers willing to sell a home which has a mortgage of less than 5% has curtailed new listings coming on the market. This has kept inventory low, pushed prices up and greatly impacted the number of Bend real estate sales. Year Over Year Trends For Bend Oregon Single Family Home Sales When we compare August of 2023 with August of 2022, Bend single family home sales on less than an ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Many of our Brokers have outside interests, hobbies and sometimes additional jobs. Some Bend Premier brokers are passionate about charity, volunteering, serving on various committees (some real estate related and some not), and finding ways to stay involved and busy. However, I doubt any other Broker in Oregon has had such an active role in television and entertainment as Matt Wilson. Besides being an actor, Matt also has worked for NBC in television editing, and last winter worked on NBC's broadcasting of the XXIV Winter Olympics held in Beijing. He found out that he had won an Emmy for his editing work for NBC last month and his Emmy arrived in Bend this week.Ā  Congratulations, Matt, on such an impressive award!Original blog can be read at Bend Premier Real Estate's blog.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
We have hiked Wickiup Plains in the past, reaching it after first traveling toĀ Sisters Mirror Lake. Another time we hiked through it on our way toĀ Moraine Lake, a wonderful destination or pass through for those hiking to the top ofĀ South Sister.Ā  Last Saturday we had a break from the smokey air resulting from several forest fires and we capitalized on hiking to Wickiup Plains once again, this time with new plans. These included climbing two hills overlooking Wickiup Plains - Le Conte Crater and The Wife.Ā  Wickiup Plain is mostly a cinder plateau through which the Pacific Crest Trail passes. However, there are fabulous views of the western flanks of South Sister and Broken Top from the plain that many never see. The trip up to the top of Le Conte Crater had a social trail we found which ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Northwest Crossing Is One Of Bend's Most Popular Neighborhoods Originally developed as the "affordable" option to most of Brooks Resources' subdivisions in Bend, Northwest Crossing quickly became one of the the most popular neighborhoods within the city, attracting many California transplants as well as locals to the healthy lifestyle characterized by the community. The initial style of homes - mostly craftsman bungalows - has evolved over the years with later phases built in the more modern design now desired by many. However, the resale value of the original craftsman homes has increased dramatically and the appeal of the neighborhood has remained among Bend's most favored. What Are The Market Trends For Northwest Crossing Homes? Northwest Crossing experienced the same market trends ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Crater Rim Trail Lightly Traveled Newberry Crater, including Paulina Peak and Paulina Falls, are often our go-to hikes when the weather doesn't cooperate in exploring the Cascades. At a lower elevation, we can often hike this area well into early winter when snow stops our adventures in the higher mountain regions. And its location, between Bend and La Pine, is an easy drive from home. Last Saturday, we ventured into Newberry Crater to avoid the choking smoke much of Central Oregon has been experiencing from the Bedrock fire and now Lookout and Pete's Lake fires as well. We were fortunate that the air stayed relatively clear during our day there and we could enjoy a great hike. We found a hike we had never done before last Saturday.Ā  All Trails named it "Lost Lake to Crater Rim Trail" ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's Up With Real Estate Trends In Sisters, La Pine, Madras And Prineville? We track on a monthly basis the real estate single family home sales trends for Bend, and on a quarterly basis those of Redmond. However, there are four other cities in Central Oregon which are important markets to our home buyers and sellers. The small city of Sisters typically has had higher prices than the other Central Oregon municipalities, but the access to the Cascades and other recreational opportunities has been a draw for those who like its quaint, western theme.Ā  For many for whom Bend is too expensive, wonderful options are available in La Pine, Madras and Prineville.Ā  For the past three years, all three towns have followed the same market trends for their single family home sales as we have seen ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
The survey conducted by The Source Weekly for the Best of Central Oregon in 2023 resulted in two winners for Bend Premier Real Estate. Tiffany Clark was named the runner up for Best Realtor and Bend Premier Real Estate was named the runner up for Best Real Estate Company.Ā  Thank you to everyone who voted for us. We appreciate the support!
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Tarn Lakes At The Base Of Broken Top Are Hidden TreasuresWe have hiked toĀ Golden LakeĀ several times in the last few years, and have always enjoyed the experience despite the length of the trek. We have accessed Golden Lake via theĀ Green LakesĀ trail, hiking past the last lake deeper into the Three Sisters Wilderness before turning off the main trail into the little used Golden Lake Trail and enjoying the gem of this beautiful, isolated mountain lake. However, we noticed several years earlier that the lovely series of waterfalls which feed the lake have a faint path next to the creek traveling higher up the lower slopes ofĀ Broken Top. We had never taken this path before due to the length of our day hike via Green Lakes already exceeded 16 miles.The first weekend in August, 2023, we hiked ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The August 2023 Bend Premier Real Estate Newsletter? Bend Home Sales Average Over $1,000,000 in July Mt. Hood's Clear Lake Hike Worth the Trip Four Ways You Can Use Your Home's Equity There's Only Half the Inventory of a Normal Market Housing Market Forecast Original blog can be read 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 Sales Price Over Million Dollars We never thought this would happen, but the average Bend single family home sold for over a million dollars in July, 2023. Despite mortgage interest rate hovering around 7%, high end Bend homes are selling. When demand exceeds supply, home prices rise. When mortgage rates jumped from 3.5% to 7% in the space of a few months, there was a drop in home sales. However, it appears that home buyers have become used to higher rates, and there are still a large number of Bend home buyers who are purchasing with cash. Lack of inventory continues to be a big problem and lack of affordability for Bend first time home owners has pushed many to alternative cities. When figures for Bend single family home sales are compared between July 2023 and July ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Balloons Over Bend Starts Friday There is a fascination with watching colorful hot air balloons rising at sunrise in the Central Oregon sky with the backdrop of the Cascades and the high desert landscape. Starting this Friday, the annual Balloons Over Bend festival will run through Sunday offering daily sunrise launchings of the hot air balloons, Night Glow Friday evening in Bend and Saturday evening in Redmond, plus many fun activities for the whole family during the day. The planned schedule is as follows: Friday July 28, 2023 Balloon launches at Sunrise at RE Jewell Elementary School Balloon blast kids race at COCC Bend Night Glow at COCC Saturday July 29, 2023 Balloon launches at Sunrise at RE Jewell Elementary School Redmond Night Glow and Brewfest at the Fairgrounds Sunday July 3...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend High End Home Sales Reflect A Changing Market It has been awhile since we last reported on Bend luxury home sales. We pulled a report showing year to date activity over the past three years. While Bend home prices in general are back to a small upward trajectory year over year, the numbers of sales are significantly down, as they are in all price points in most of the markets in Central Oregon and across the country.Ā  Higher interest rates have changed the buying power of would-be home purchasers, even in the high end, and have also kept many would-be sellers off market. Why sell when the mortgage interest rate many homeowners have is so good? A replacement home, while potentially being better for the current lifestyle of a home seller, may cost more on a monthly basis with the hi...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Redmond Real Estate Sales - A Market In Transition It has been awhile since we last looked at the data for Redmond Oregon home sales. Redmond's housing has consistently been more affordable than that available inĀ BendĀ with the majority of homes in the city what most would considered middle income suburban. TheĀ Covid-19Ā housing boom impacted Redmond as it did most of the country, and now rising interest rates, lack of inventory, and relatively high prices are creating a housing market in transition. We looked at Redmond home sale for the first half of 2023.Ā  When the first six months of 2023 are compared with the first six months of 2022, the following changes can be noted for Redmond single family home sales on less than an acre: Average sales price down 10.7% to $508.212* Median sales...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
The 48th annual Sisters Quilt show, celebrated as the world's largest outdoor quilt show, was held last Saturday, July 8th. Quilts could be seen hanging from walls, porches, in windows, on fences and over balconies. It was estimated that over 1300 quilts were displayed throughout the town with over 10,000 visitors from all 50 states as well as some foreign countries. This year's theme was "Hidden Stories" and it was interesting to try to figure out the stories in these beautiful works of art.Original blog can be read at Bend Premier Real Estate's blog.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Single Family Home Sales Reflect Mixed Results We have been tracking Bend home sales for many years. Bend has been in a seller's market since 2012, but the level to which the seller's market changed during Covid was beyond any we had seen before. Home prices skyrocketed withĀ multiple offersĀ driving sales and inventory levels dropping to two weeks at the peak of the pandemic. However, since last summer, the Bend real estate market has been in transition with rising mortgage interest rates the biggest contributor to the change. While high mortgage rates have greatly impacted the buying power of many home buyers, lack of inventory remains an issue. We had seen home price increases level off and evenĀ drop year over year earlier in 2023, but during June this changed. While mortgageĀ int...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Its hard to believe that after living in Bend Oregon since 1985, we finally attended our first 4th of July Pet Parade. This event has been a Bend tradition since 1924, only missing 1943 due to the Second World War and 2020-2021 due to the Covid-19 pandemic. We arrived early for our seats at 9:00 am with the parade beginning at 10:00 am.Ā  By the time the parade arrived, it is estimated there were well over 10,000 people either participating in the parade or watching it. The pets involved were mostly dogs, but we also saw rabbits, guinea pigs, snakes, lizards, goats, sheep, ponys and horses. Lots of partiotism and fun for everyone.Ā Original blog can be read 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)
Ā  Paulina Peak In Newberry Crater Provides Great Views We have hikedĀ Paulina PeakĀ a number of times over several years, but haven't had the opportunity to do so this year until last Saturday, June 10, 2023. After a long winter with a lot of snowfall later in the season, access to higher elevations has been limited. However, the road to Paulina Peak provided us who hiked or mountain biked a chance to climb to almost 8000 feet and experience the beautiful views available from the top.Ā  The road to Paulina Peak climbs 1600 feet over 3.75 miles, slightly longer than the trail, but easier to travel on, especially with snow on the trail and no motorized vehicles allowed to drive the road yet. While people were entering Newberry Volcanic National Monument and driving to Paulina and Eastlake, ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Ā Bend Single Family Home Sales Figures Remain Mixed The May 2023 Bend real estate sales have been published and reflect a market in transition. Inventory levels are growing, but a strong seller's market remains. High mortgage interest rates continue to impact buyer's purchasing power and while average home prices are down slightly, they are not at a level that would significantly affectĀ most Bend home buyers. As we enter our summer peak selling season, the question on how mortgage rates and inventory levels will reflect in 2023 home sales will be answered. When May 2023 Bend single family home sales on less than an acre are compared with those from May of 2022, the following changes can be noted: Average sales price down 3.1% to $861,432 Median sales price up .8% to $746,250 New listin...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Tumalo Mountain is Covered With SnowWe typically hikeĀ Tumalo MountainĀ once a year - usually late spring/early summer once the snow melts. However, we have been anxious to get back into the Cascades after a winter of hiking in the High Desert and the opportunity to tackle Tumalo Mountain arose last Saturday. Tumalo Mountain, just north east of Mt. Bachelor, has a height of 7,779 feet. The hike up to its peak climbs over 1400 feet in two miles and is considered difficult due to its steepness.Ā  However, we have never attempted this hike with snow on the ground and found the trail challenging. The snow drifts were from 3 to 6 feet, although the snow was compacted and we managed with a GPS to somewhat follow the trail to the summit using trekking poles and micro spikes. Once reaching the sum...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Chush Falls is Snow Free and Ready for HikersWe have hiked Chush Falls several times, usually during theĀ fall or winter with snow and ice. However, this Memorial Day weekend we elected to take the hike in the Three Sisters National Wilderness snow free.Ā Unlike earlier hikes, many of the recently downed trees from the 2017 Milli Fire had been cut which enabled us to more easily hike the first two miles. However, the lastĀ quarter to half mile to the viewpoint had yet to receive this attention and scrambling over and under downed trees can always create challenges. The viewpoint overlooking Chush Falls is fairly obstructed by trees, so we typically take the very steep path down to the base of the falls, a path which should only be taken by people who are fit enough to make it both down and...
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