Bend Premier Real Estate Blog

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...

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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%...

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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

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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...

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Numbers of Central Oregon Single Family Homes for Sale Up

One of the key components on the health of a real estate market is the inventory levels of the homes selling. In a balanced market, there are 6 months of supply.  In Central Oregon, there has been a great lack of inventory for several years in most of the cities which has led to a seller's market with rising home values, multiple offers and in some cases, a certain desperation for buyers to find a home.  Full price offers or even offers over asking have been the norm at certain prices for a while.  However, there appears to be a shift happening in much of Central Oregon with the number of single family residential homes available for sale rising.

The following chart shows the las...

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