Posts from August 26th, 2016
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26
World's Tallest Building... Watch the Sunset Twice!
Can you imagine a building so tall that you could watch the sunset twice? At the Burj Khalifa in Dubai you can watch the sunset at the base of the building, then take the elevator to the observation deck on level 148 (highest in the world) and watch the sunset all over again. Of course it doesn't hurt that the elevators can wisk you to the to the observation deck at 1823 feet in less than a minute. Currently the world's tallest building, the Burj Khalifa measures 2717 feet in height (828 meters), including 163 floors above ground, 58 elevators, a 304 room Armani hotel, 6 exclusive restaurants, and 900 residences. It took 6 years, 12,000 workers, and 22 million man hours to complete. But despite all the amazing technology that went into this masterpiece, the exterior windows are still cleaned the old fashioned way... with a bucket of water and a squeegee.
26
Bend Oregon Real Estate 5 Year Trend Update
For those of us who have lived in Bend over 5 years, we have seen many changes impacting our town. Visually, there are new parks and schools, a 4 year college under construction, new homes being built, and many new cars on the road. But what has truly happened to Bend single family home values over the last 5 years? TrendVision data from Central Oregon MLS provides the following information:
- The average active listing price has gone from $425,000 to $623,000 - up 46.6%
- The average sold price has gone from $237,000 to $439,00 - up 85.2%
- The months of inventory based on closed sales has gone from 5.6 to 2.4 - down 57.6%
- The price per square foot of sold homes has gone from $123 to $216 - up 75.6%
When July 2011 is compared with July 2016:
- The number of homes avai...