Bend Real Estate Blog

St. Joseph home sales in Bend OregonOne 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

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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

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Eco-Friendly OfficeThis month Bend Premier Real Estate has taken another major step in minimizing our environmental footprint by converting to “paperless” transactions and implementing “cloud” storage of our many thousands of real estate documents we produce each year. Other green programs include extensive recycling programs, a large number of “virtual” brokers at both our offices, and many of our agents now carry eco-friendly professional designations including Accredited Earth Advantage Brokers and NAR’s Green Designation. At Bend Premier we understand and talk green.

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Bend Real Estate TrendsRecent trends in the Central Oregon Real Estate market are showing a very competitive seller’s market over the year prior. Not only are there less Bend single family homes available for sale, there are also more in contract and sold. With a 16.8% decrease in homes available over a year ago, the market seems to be very competitive for pricing with high demand and low supply. Sold and pending homes have also gone up about 6% in price showing buyers are still wanting these homes despite the fact that sellers can charge a higher dollar for them.

Another trend worth investigating is the average price per square foot of homes sold compared with 3rd quarter last year. Here too we are seeing an increase in the Bend Real Estate market. In fact, average price

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Luxury Homes in BendThe inventory at the lower end has been extremely limited for months, but what has been the trend with the higher end luxury homes in Bend? Although not as volatile as the lower end, Bend home sales over $500,000 have been solid. According to TrendVision, July 2015 sales in Bend homes over $500,000 are up 346% over July 2012 and 63% over July 2014. The average price of these higher end homes is also up considerably over the same time period – up 29% per sq foot in 3 years and up 7% over 1 year. The building boom in Bend has not been limited to the lower end. Builders are showing confidence again with higher end new homes available for sale up 292% in 3 years and 19% over 1 year. When looking at supply versus sales, the higher end homes in Bend are in a

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Bend Home TrendsReal Estate sales in Bend continue to be strong. In comparing the second quarter statistics with those from 2014, there are 13.7% fewer homes with 13.5% more sold creating more pressure on existing inventory for buyers. This has pushed prices up with the average price of a June 2015 sold Bend home at $394,000 compared with the average price in June 2014 at $332,000. The average price of a Bend home offered for sale has also increased over $50,000 per home.

So what does this mean for Bend Real Estate sales? Although residential new construction has increased in the city, the average price of new homes has also increased greatly influenced by the demand. And until the state of Oregon permits the city limits to be expanded, the pressure on the available

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Life is good" in Bend Oregon, states an article in a recent edition of Men’s Journal Magazine. Bend is a "bustling metropolis" according to the article, with a huge network of biking, running, hiking, and ski trails connecting millions of acres of wilderness. All this plus a world class ski area in Mt. Bachelor, internationally known rock climbing at Smith Rock, and abundant river activities including great fishing and Class V river rafting make Bend the perfect place for the outdoor enthusiast.

Although job opportunities are limited, the Men’s Journal article also describes Bend as a mecca for entrepreneurs including the more recent additions of HydroFlask and the many new microbreweries. But it’s not just the endless outdoor activities or

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Housing BubbleWhen comparing Bend Real Estate trends from 2005 with those of 2015, we are seeing significant increases in home prices, a serious lack of inventory (especially in the lower end), and many homes for sale receiving multiple offers. The MLS Trend report from June 2015 shows that this imbalance of supply/demand in the market has resulted in an increase of about 22% in the average price per square foot of Bend single family homes between 2005 and 2015.

So what is different in the conditions now versus the bubble of 2005/2006? During the Bend housing bubble, lending practices were designed to provide loans to the maximum number of people. No doc loans were common and buyers could even finance their down payment. Buyers often flipped properties they had just

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Home Prices RiseIn an article published in the Bend Bulleting May 27, 2015, it was reported that Bend has had the highest yearly home price appreciation in all Oregon metro areas. Home prices have increased 9.25% from 1st quarter 2014 to 1st quarter 2015 and over the last five years, home prices have appreciated nearly 36%.  Nationally, Bend has consistently been among the top metro areas for home appreciation since 2014.  For local sellers, this appreciation has been a boom; homes that just a few years ago were underwater are now experiencing multiple offers, which have driven the price up even higher. For local buyers, the increased home values have priced many out of Bend, thereby creating more demand for homes in La Pine, Three Rivers South, Prineville and Redmond.

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Retirement LivingSeems Bend makes about every retirement "Best Places" list, including the annual "Top 100 Places to Retire" recently released for 2015 by TopRetirements.com. Specifically, Bend is recognized as being a great place to retire for "active adults where the outdoors is important". Some of the great features of Bend pointed out in the TopRetirements.com list include a beautiful natural setting, tons of parks and recreational trails, a thriving downtown, endless cultural activities including the Bend Film Festival, many performing arts centers such as the Les Schwab Amphitheater and Tower Theater, continuing educational opportunities with a community and a four-year college, a diversity of housing options including numerous active retirement centers, top notch

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The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Bend Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

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