As one of the most used real estate websites in Central Oregon, our website can be a good indicator of where the real estate market is headed right now. For example, as home and land prices continue to trend higher, we are starting to see more expensive homes enter into our top 10 most searched properties such as this $479,000 Broken Top condo or this 1657 Nw Mt Washington Drive, Bend priced at $439,750. However, as a general rule, most of the top searched properties are still at the low end with an average price of the other top searched homes just $248,500. All of the top 10 searched homes this week were located in Bend.
Found 3 blog entries for April 2016.
When you drive around Bend, have you noticed there are a lot of red front doors? Although for these homeowners the reasons might be aesthetic, around the world red doors actually have a lot of meaning. The Chinese, for example, believe red is a lucky color and would paint their doors red before the Chinese New Year. Red doors can be an important element of Feng Sui by allowing “chi” to be drawn into the home. Catholics often paint their church doors red to remind people of Christ's sacrifice. During slavery, red doors were used to by the Underground Railroad to show this particular home could provide safe haven. There is even rumor that people would paint their doors red as a sort of “no solicitation” sign to that annoying Fuller Brush salesman… but…
We have known for the last several years that the increased demand for Bend housing has pushed prices upward. The cost of a single family home has gone up 11% over the last year to almost $200 per foot while the amount of available inventory has dropped over 20%; the average price of a single family Bend home is now $389,725 (COAR MLS statistics). People continue to move to Bend, loving the Central Oregon lifestyle. However, we are now at a place where the price to live here can exceed the budget of many locals. How did we reach this situation? Bend is not the only American community experiencing a housing crisis. According to Lawrence Yun, the National Association of Realtors® chief economist, 3 million American homes which should have been built over…
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