Posts from June 2016
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24
Bend Oregon Real Estate Prices Continue to Rise
Bend continues to be a destination for many west coast Americans thinking of relocating from an urban setting to one less congested and more conducive to an outdoor lifestyle. Relative to home prices in the Seattle, Portland, or the Bay area, Bend real estate is still a bargain, although long time residents may find that current price trends are beyond what they ever imagined. When 2016 Bend home sales are compared year to date with sales from 2015, the number of listings sold are similar, but the average sales price is significantly higher. The average year to date cost of a Bend single family home on a lot less than an acre was $381,120 in 2015; for 2016 the cost is $409,787. The median cost in 2015 was $320,000 and in 2016 the median cost is $352,000.* And if trends continue, the total value of single family homes sold in Bend for 2016 may push $1,000,000,000.
*Source - Central Oregon Association of Realtors
8
Mt. Bachelor Village Remains a Hot Spot for Bend Real Estate
Built in the 1970's, Mt. Bachelor Village retains the amenities and location which made it a popular Bend neighborhood from its inception. Located in SW Bend off Century Drive, Mt. Bachelor Village offers owners easy access to Cascade Lakes Highway, Mt. Bachelor, and the city of Bend. Some homes are located overlooking the Deschutes River and all owners have access to the community pool, tennis courts and clubhouse. With the recent decision of the Bend City Council to limit vacation rentals within the city limits, Mt. Bachelor Village is a Bend community which retains this option. Many owners in Mt. Bachelor Village do rent their homes as vacation rentals, when they are not using the home themselves as a vacation home or full time residence.
Since June, 2015, 26 Mt. Bachelor Village homes have sold averaging 213 days on market and selling at 97% of asking price. The properties vary from fabulous 1719 sq ft condos...