Bend Real Estate Blog

Amelia EarhartAmelia Earhart Did Not Live in Bend

But her husband, George Putnam, did. George moved to Bend in 1909 and quickly become a city mover and a shaker. He was the editor and publisher of the Bend Bulletin and married Dorothy Binney (heiress of Crayola Crayons) in 1911 and became the town's youngest mayor in 1912. George later became a war correspondent and he worked in politics in Salem.

In 1919 George sold his Bend home and his interests in the Bend Bulletin and left Oregon, moving to New York where he worked in his family's publishing business (Putnam books), including publishing the autobiography of Charles Lindberg. It was here he also met Amelia Earhart, eventually becoming her publicist.

George and Dorothy divorced in 1929 following her affair

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Bend Oregon New Construction TrendsBend New Construction 5 Year Trend

For the past few years, we have been reporting that Bend home prices have been rising. From almost no new construction during the great recession to now where it appears that new homes are being built all over town, Bend has recovered from the downturn. New home trends in Bend have gone from $430,000 to $591,000 asking price (up 37.5%) and $315,000 to $522,000 selling price (up 65.7%) over the past 5 years.*  Ask any builder and they will tell you that land prices, rising material costs and labor shortages have driven the price of Bend new homes.

Bend New Construction Price Trends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Bend Oregon New Homes Prices Steady

Compared with the last 5 years, there

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5 Reasons Your Neighbor's House is Worth More Than Yours 

Really? Is our Charlotte home worth that much?

 

It's time to list your home and you've been seeing the sales prices of the homes around you and you're overly excited that your home is going to sell for SO much more than you ever thought it would! Your neighbor's home did...so yours is bound to as well, right?

 

Not so fast!  I've run into this on more than one occasion each and every week this month and here is my advice as to why your home may not hold the same value as your neighbors' homes:

  1. Updates, updates, updates!  Updates are simply at the top of the list for home buyers these days - time is a factor in everything as we find ourselves running in 100 different directions each day and cannot
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Bend Real Estate TrendsBend Oregon Home Sales Stay Strong

Over the last few years, we have reported that single-family residential home sales in Bend have stayed strong and prices keep rising. February 2018 has been no exception to this trend. Home prices continue to rise and lack of inventory remains a serious issue. In addition, the relative lack of snow in 2018 has kept sales and new listings growing when compared with the record breaking snowfall experienced in 2017. The following data is for single family homes in Bend on land under an acre reflecting February 2017 and February 2018:

  • Homes for sale up 24.4% to 540
  • Homes sold up 31.4% to 201
  • Homes pended up 18.1% to 228
  • Average price per square foot up 7.2% to $237,000
  • Average days on market down 8.5%
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Empire State Building SpireBuilt in 1930, the Empire State Building is one of the most memorable buildings in the world and is an iconic representative of New York City and Manhattan Island. The skyscraper has been the location of famous movies (i.e. King Kong), the office of many businesses and at one time, the tallest building in the world.

The 200 foot spire on the top of the 1050 foot tall building was placed, according to former New York State Governor Al Smith and the construction chairman of the building, to serve as a mooring mast for the docking of dirigibles with the argument that the closest port for these blimps was in Ocean County, NJ at the time.  However, many believe that the reason the spire was really placed was to top the 1046 foot tall Chrysler Building as

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Redmond OR Home Prices Continue to RiseRedmond Oregon

Redmond has historically been a more affordable option for people moving to Central Oregon. Home and land prices in this vibrant town have remained lower than those in Bend, and with the commute between the two communities less than 20 minutes, Redmond has often been a first choice for many relocating to our area.

However, the growth in Central Oregon has pushed single family residential home prices in Redmond higher since coming out of the recession in 2012. In fact, over the past five years, home prices in Redmond have doubled with the average sold price now over $300,000.

When single family residential Redmond home trends are compared between 2016 and 2017, the following statistics can be seen:

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Central Oregon Real Estate Home Prices Trending Up

Those who have lived longer than 5 years in Central Oregon have seen home prices rise at a rapid pace, especially in Bend and Redmond.  The average price for a single family residential home in Bend has risen over $200,000, the price for a Redmond home has more than doubled, Sisters homes are up 40% and Sunriver home prices have risen 22% in the last five years. 

Central Oregon real estate home prices

Our Predictions for Central Or Single Family Homes

The question can be asked, will Central Oregon home prices start to level off?  Have we reached the top? Obviously affordability for locals has been an issue for several years. But for new Central Oregon residents, the price for a Redmond or Bend single family home is extremely

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Bend Luxury Home Sales Trending UpBend Oregon Luxury Homes

Bend home buyers and sellers know that real estate prices have been on the upswing for several years. Bend homes have gained value consistently since 2011, with the average sales price up 95% in the last 7 years.*  However, what about the luxury, over $1,000,000 market? What have the last 2 years shown for high end home demand in Bend?

As expected, home prices are up in the luxury market as well. When the trends from 2016 through 2017 are compared with Bend single family homes over $1,000,000 on less than 2.5 acres are compared, the following changes can be seen:

  • Number of homes for sale up 11.1% to 60
  • Number of homes sold up 54.5% to 85
  • Number of homes pended up 46.7% to 88
  • The average square foot
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Bend OR Builders Cannot Keep Up With the DemandBend Real Estate New Construction

Everyone living in Bend should be aware that a lot of new residential homes are being built. Just drive through town and new subdivisions and new in-fill on what used to be open space are popping up throughout the city. Builders are finding it difficult to keep up with the demand and people working in the building trades are stretched thin with far more work than they can handle. This demand is  leading subcontractors to charge more to keep their employees well paid and to make a good profit, suppliers charging more for their building materials, and home prices for new construction rising as a result.

When comparisons are made between new residential construction over $1,000,000 from 2016 to 2017, the

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Bend Or Real Estate TrendsBend Real Estate Market Shows No Sign of Slowing

The 2017 year end data is out and the Bend real estate market continued its upward trends. Outside of the slowdown experienced during the winter of 2016/2017 where Bend residents were more concerned with ice dams and heavy snowfall than selling or buying property, the data from 2017 mirrors what we have been experiencing since leaving the recession of 2008-2011. Bend home prices keep rising and people keep buying.

The following data compares Bend single family home sales from 2016 to 2017

  • Number of homes for sale up 11.6%
  • Average price per square foot up 9.5%
  • Average active price up 7%
  • Average sold price up 10.2%
  • Months of inventory based on sold sales remains less that 2.5 months
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© 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Bend Premier Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Bend Premier Real Estate. Data last updated: July 7th, 2020 at 2:00am PDT.