Posts from October 2018
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30
Bend Oregon Commercial Real Estate | 3rd Quarter 2018 Trends
The Bend Commercial Real Estate Market Shows Limited Inventory
The latest census predicts that the population of Bend will be 130,000 by 2030. With just under 95,000 people currently residing in the city limits, and just 2,380 acres recently added to the Urban Growth Boundary (UGB), new density philosophies will certainly be needed to accommodate this growth.
Bend Planners have identified a handful of "Opportunity Areas" throughout the city. Several of these, The Old Mill Korpine property, the east Greenwood District and the Bend Central District (BCD) are currently being considered by the city to become urban renewal areas, and promise to drastically alter the face of this once sleepy logging town.
The BCD is gaining the most traction. Brooks Resources recently purchased 1.76 acres between Franklin and Emerson, the former Murray and Holt Auto dealership, with the hopes of jumpstarting the BCD's urban renewal process. Some concepts have been considered a...
21
Moraine Lake - The Road Less Traveled
Take the Path Off the Green Lakes Trail to Find this Hidden Gem
We have hiked the Green Lakes trail into the Three Sisters Wilderness many times over the years we have lived in Central Oregon. Located off the Cascade Lakes Highway, the hike to Green Lakes is among the most popular in the Cascades and is well worth the experience; we have blogged about this hike in the past - see our Green Lakes Blog. Today, however, we took the path to the left at roughly 2 miles into the Green Lakes hike and walked another 1.5 miles to find Moraine Lake.
The path from the Green Lakes trail took us through old growth forest with beautiful trees and absolute silence. It is the...
15
Redmond Oregon Real Estate | September 2018 Trends
Redmond OR Real Estate Sales Continue Upward Trend
Redmond single family home sales on less than an acre are still showing growth. Unlike Bend where the September data showed a decline compared with a year ago, Redmond Oregon home sales figures for September are up. The following compares Redmond single family home sales from September 2018 with September 2017:
- Numbers of homes for sale up 2.7% to 224
- Numbers of homes sold up 4.9% to 86
- Numbers of homes pended up 2.4% to 84
- Average price per square foot on sold homes up 8% to $190
- Average number of days on market down 9.3%...
8
Bend Oregon Real Estate | September 2018 Trends
Bend Or Single Family Home Sales Are Slowing
We wrote a blog a few weeks ago in which we noted that it appeared that Bend Oregon single family home sales were slowing when compared with the year before. This blog, "Is the Central Oregon Real Estate Market Slowing Down?" looked at inventory levels and showed that there was an uptick in the number of single family homes in Bend, Redmond and Sunriver for sale from the same 12 month period the year before.
The September statistics have now been published for Bend home sales and it appears that the slowing trend is continuing. When September 2018 Bend single family home sales on less than an acre are compared with September 2017, the following change can be seen:
- Homes for sale down 5.8% to 596
4
Bend is the 4th Fastest Growing City in America
Why Are People Moving to Bend - is it the Lifestyle or the Jobs ?
In an article published 10-1-18, thrillist.com has ranked the top 25 American cities for local economic growth. According to WalletHub, the financial advice site, they compared 515 cities of various population sizes using 15 key data points such as working-age population growth, job growth, poverty rate decrease, median housing price growth and building permit growth. According to this analysis, Bend Oregon ranks 4th in the country.
Does Poverty With a View Still Pertain to Bend?
We know Bend is booming, but having a strong economy contributes to a vibrant community such as what Bend has experienced since coming out of the recession. People moved here traditionally for the lifestyle - Bend was often called "poverty with a view" in the past for a reason. People could earn more money in other parts of the country, but moved here to enjoy the recreational opportunities and small town e...