August 2017

Found 6 blog entries for August 2017.

Redmond Oregon City PhotoAre Redmond Home Sales in Transition?

The July 2017 trends for Redmond single family homes appear to reflect a changing market. While the average sales price continues to rise, less inventory is now on the market. While closed sales are up significantly over a year ago, new pended sales are down. The asking price for a home appears to be leveling off, but the average sold price is up considerably over a year ago.

The data for July Redmond home sales are well shown in the following chart:

Redmond OR Real Estate TrendsComparing July 2016 with July 2017:

  • The number of homes for sale are up 2.8%
  • The number of homes sold are up 15.6%
  • The number of homes pended are down 4.5%

When the same quarters are compared 2016 and 2017:

  • The number of homes for sale are
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Wire Fraud in Real Estate Transactions

What is the Process Scammers Use to Access My Funds?

If you haven't heard before, the cases of wire fraud involved with real estate transactions have escalated with more and more buyers and sellers becoming victims.  The scammers are becoming more sophisticated with them successfully hacking into the email accounts of people involved in a real estate transaction and monitoring the emails. At the point in which either the money to purchase the property becomes due or the seller's proceeds from the sale become available, the scammer will send a bogus email with wiring instructions to the buyer or seller. If the instructions are followed, the money will be sent to a legitimate American bank (usually Bank of America or Wells Fargo) at which point the

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Dana FurlanKelly JohnsonBend Premier Real Estate has the Best Realtors in Central Oregon

A huge congratulations to Dana Furlan and Kelly Johnson as the Source's choice for number one and number two Best Realtors in Central Oregon. We know our agents are the best and apparently Central Oregon residents do as well.

Thank you to everyone who voted for Dana and Kelly!

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Bend Oregon Classic Car ShowFlashback 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.

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Bend Home Sales Remain Flat While Prices RiseBend Home Sales

 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.

BendRealEstateTrendsHome 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

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