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Bend Premier Real Estate Blog

Bend Premier Real Estate Blog

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February
24

We love Bend! And if you own a home, you may love what has happened with Bend real estate values even more! During 2015, the average price of a Bend single family home increased 11.1%.  Bend homes have consistently been increasing in value since 2011, when the average price of a Bend single family home was $240,128; today Bend's average home is almost $386,000. If you bought your home anytime in the last 5 years, you most likely have seen an increase in your home's equity. What has caused this? People have continued to move to Bend; we all love the lifestyle  - from the many brew pubs to the amazing outdoor recreational opportunities and the beautiful, clean environment, good schools and fabulous parks! But while people in abundance continue to move here, the amount of homes being built has not kept up with the demand. At the start of 2015, there were 3.5 months supply of Bend homes for sale; at the end of the year there were 2.8 months - a balanced housing market has 6 months supply. At Bend Premier Real Estate, we cannot find homes for all our buyers. Those properties which hit the market are quickly snatched up and multiple offers have driven the sales price even higher. If you have ever considered selling your Bend home, now may be the best time for you to put your home on the market.

 Bend Average Housing Price 2015 Bend Housing Months of Supply 2015

 

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February
16

Home building in Bend has taken big steps toward going "green" whether it be individual "eco-friendly" homes or in the case of Northwest Crossing, an entire subdivision where homes are all Earth Advantage certified. But even if you aren't ready to buy a new green home in Bend, there are several simple ways you can incorporate "green" ideas into your own home in order to reduce energy consumption and your own carbon footprint. 1) Insulate – With heating and cooling accounting for 50% of your home's energy consumption, make sure you have proper insulation and your heating ducts and windows are sealed tight. 2) Appliances – When replacing appliances, look for the ENERGY STAR label which offer significant energy savings without compromising performance. 3) Lighting – Upgrade lighting to LED or CFL bulbs. The prices keep coming down and the long term energy savings can be subs...

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January
26

If searches on our website are any indication of the market, potential home buyers are still looking for deals in Bend real estate.  Almost all home buyers today (over 90%) are spending time on websites like ours searching for real estate.  Over the past 2 weeks, the most popular home searched on our website was a single story 3-bedroom home listed at $239,900.  In fact, 7 of the top 10 searches were for homes under $300,000 with an average price of $289,000.  And the location of these popular homes is Bend except for the most searched property; this home is located in La Pine.  Although the average price of homes searched on our site is almost identical to the national average home price of $289,900, it is understandable that people are looking for a deal when you consider the average home price listed for sale in our Bend MLS in December 2015 was $564,000, and the average sold price $371,000. For more information on home sales tren...

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January
24

One of the hot selling items on Amazon.com right now is the St. Joseph Home Seller Statue Kit.  According to tradition that sellers say goes back thousands of years, burying the statue in the yard of your home and saying a prayer to St. Joseph will always bring a quick offer on your home for sale.  But it is important that you bury the statue in the right spot, lest you accidently help your neighbor sell their home quickly, and upside down so St. Joseph will work "extra hard to get out of the ground, and into a safe comfortable home."  Reviews on Amazon.com where this kit is often sold include comments such as "I put this in my front yard and the next day we had an offer on our house," and "My house sold in 2 1/2 hours and had 3 other offers, sight unseen the same night. Enough said!!!!" But, of course, they were also many reviews with the sentiment similar to this seller - "Bought this hoping our house would sell quickly because we were that desperat...

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December
17

New website for Bend Premier Real EstateAfter many months in the design stage, we are proud to launch our new real estate website today! You can now view our website on your desktop or any mobile device with our fully responsive design, and our state-of-the-art platform allows users quick access to large photos, home amenities, school information, property history, and even taxes and homeowner fees. Some brand new features include a free home evaluation, similar to Zillow's Zestimates, our exclusive "hidden inventory" of homes, a brand new "lifestyle" search, and even a listing of upcoming "open houses." And, of course, we still have all our other great features including our buyer and seller resources.  We certainly hope that your make our new website your primary resource for searching real estate in the Bend area, and that Bend Premie...

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