September 2017

Found 7 blog entries for September 2017.

Redmond Oregon Real Estate Vista RimRedmond Home Sales Show Mixed Results

The August data for Redmond single family home sales reflect some of the normal end of summer trends as well as that expected in a growing market. While new inventory has become available, actual pending contracts are the same as a year ago and closings are down 13.6%. The average price of a Redmond home has now reached $178 per square foot - a price which is up 12.7% compared with the same month a year ago. And inventory levels are growing  - up 19.2% from August 2016 for closed sales.

The data show as follows comparing August 2016 with August 2017:

  • Homes for sale up 4.7%
  • Homes sold down 13.6%
  • Homes pended no change
  • Average active price up 4.8%
  • Average sold price up 9.8%

August trends

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Danny and Rhonda AdamsBend Premier is pleased to announce that Danny and Rhonda Adams, both Principal Brokers, have joined the brokerage. Danny and Rhonda have extensive experience in representing clients throughout Central Oregon, but specialize in South Deschutes County, particularly Sunriver real estate. Long time residents of Deschutes County, Danny and Rhonda know the area, have followed the trends, and know how to find the perfect home for their buyers and how to best market their sellers' properties for maximum results. Welcome Danny and Rhonda!

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Sparks Lake Central OregonSparks Lake is a Central Oregon Treasure

After a summer  of forest fires which blanketed the sky and impacted Central Oregon with weeks of choking smoke, this last week we have been blessed with rain, early snow and, at last, smoke free skies.

Today we traveled a short distance from Bend up Cascade Lakes Highway to Sparks Lake, one of the most beautiful of the High Cascade Lakes and favored of renowned photographer Ray Atkeson.  The day was stunningly beautiful and the photo opportunities endless. This is one of many reasons why we love Bend, Oregon!

 

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Bend Premier Real Estate AgentsBend Premier Real Estate Brokers

Bend Premier Real Estate had a great showing at Amerititle's 2017 Bocce Ball Tournament held at the Old Back Nine golf course in Bend, Oregon. BPRE was represented by two teams, and lots of fun was had by all. Although neither team won, over $7000 was raised for local charities. Congratulations to Katharine Miller, Danielle Gates, Emily Reeves, Carrie DiTullio, Myra Girod, Jack Zika and Lisa Wettstein for their participation.

 Danielle Gates, Carrie DiTullio, Myra Girod  Emily Reeves  Jack Zika Katharine Miller 
 Lisa Wettstein  Myra Girod  Jack Zika and Myra Girod  Lisa Wettstein and Emily Reeves

Jack and MyraDanielle and Carrie

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Real Estate TrendsBend Oregon Home Sales Mixed

The August 2017 Central Oregon real estate data has been published and the sales for Bend single family homes continue to reflect a similar pattern to what we have viewed this summer. Comparing 2017 month to month, sales are flat; comparing data from the same month 2016, figures are mixed.

The August 2017 sales for Bend single family homes on an acre or less show the following trends when compared with August 2016:

  • 8.5% more homes are on the market
  • 6.9% fewer homes sold
  • 10.8% more homes entered into contract
  • The average price per square foot is up 14.2%
  • The average active price of a home is up 5.4%
  • The average sold price is up 18.6%
  • The months of inventory are up 17.2%*

Bend Real Estate Trends August 2017

 

Although the

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Mirrow Pond Bend Oregon SmokeyBend's Air Quality Hazardous

The Sunday issue of The Bulletin, Bend's local newspaper, contained an article on the 2017 Oregon fire season. According to the article, we are on track to at least equal the amount of acres burned in 2015 when over 600,000 acres of Oregon land caught fire. Through last Tuesday, August 29, 58 fires have burned close to 460,000 acres throughout the state.

In Central Oregon, the impact of the fires has resulted in almost daily hazy sky and sometimes dangerous air quality. This morning, checking the USA Air Pollution Quality Index, Bend's index was almost 400 which is considered extremely hazardous.

Sunday evening we traveled up Cascade Lakes Highway to Sparks Lake. Driving on the road, the smoke became progressively

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Bend Oregon Luxury HomesBend Luxury Home Sales Trending Up

During the recession of 2008 - 2011, Bend Oregon luxury home sales were few and far between. Desperate people sold stunning, luxury properties through short sales or banks foreclosed on them. New construction was extremely limited and only financed through private lending and the product built was not considered high end. Many luxury homes that did sell sold at a fraction of their true replacement cost and the Bend real estate luxury home market was very weak.

The Bend real estate market has recovered and luxury home sales in Bend are up. There is great confidence with new home builders building million dollar plus spec homes which buyers are purchasing at full listing price. While the overall Bend single family

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