Bend Real Estate Blog

2019 COBA Home and Garden Show This Weekend

Coba Home and Garden Show

For the 3rd year in a row, Bend Premier Real Estate Brokers will be working at a booth at the COBA Central Oregon Spring Home and Garden Show at the Deschutes County Fairgrounds.  This show is a fabulous way to talk with contractors, furniture makers, landscapers, hot tub vendors and so many more who may help you spruce up your home or garden this spring. Of course, while you are there, stop by and visit us! We are located in the First Interstate Event Center just to the right when you walk in the main doors next to Crater Lake Spirits.  If you talk with us about real estate, we may have a shot glass you can use for your sample!

The home show will run Friday and Saturday from 10:00 am to 5:00 pm and

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Bend Real Estate Sales Down

Bend Oregon Real Estate Trends

March 2019 Bend real estate sales followed the trends noted earlier in the year. Although there was a seasonal uptick in March 2019 of  Bend single family residential home real estate activity, new home listings, those in pending status and those sold were significantly down.

  • Numbers of homes for sale down 15.1% to 377*
  • Numbers of homes sold down 27% to 149
  • Numbers of homes pended down 8.6% to 201

Bend Home Prices Up

While actual sales are down, the average price of a Bend single family home continues to rise. Comparing March 2018 with March 2019:

  • Average price per square foot on sold homes up 6.3% to $252
  • Average active price up 4.9% to $682,000
  • Average sold price up 8.9% to $536,000
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Pronghorn Resort Offers New Lodging Options

Hunting Lodge in Pronghorn

Huntington Lodge, Pronghorn's long anticipated newest overnight lodging option, is opening soon. We were fortunate to experience the 104 room lodge prior to its grand opening in an invitation only soft opening as they work out the bugs.

The windy road to Pronghorn off Powell Butte Hwy ends at the Pronghorn gate house were we were greeted by the gate house attendant who asked where we were going. Obviously he notified Huntington Lodge as the two check in attendants  greeted by name as we walked in the door.  The main entry at the lodge is spacious with check in immediately to the right and concierge services to the left (the concierge was not staffed but we are sure they will be active during peak

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Has Spring Arrived in Central Oregon?

Spring in Central OregonAfter the coldest March in 100 years, yesterday we noticed the first flower of spring. This lone crocus has emerged and its purple bloom is brightening the dead yard.  While the grass is still yellow, there are signs of spring with buds appearing on the flowering trees and a hint of green in the yards of some Bend homes.

What Does Spring Mean for Bend Oregon Real Estate?

Spring brings back longer days, more outdoor recreational opportunities, and buyers to our Central Oregon real estate market. If you were waiting to get through winter to list your property, now is the time. Bend Premier Real Estate Brokers are ready to help you with listing tips, staging advice, and top notch marketing to get your home sold

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Permits Down for New Bend Homes

Bend Oregon New Home Construction

After many years of growth in new home construction in Bend, the number of permits pulled so far this year for single family homes are significantly down compared with previous years. From a high of 117 in March 2017, February 2019 had the lowest number of new home permits pulled in 4 years with less than 40.* February is typically a busy month for builders obtaining permits to build homes for summer sales.  This decline is significant as it is not following the normal trends.

 

Bend OR new home permits

Why Are Bend Builders Not Pulling Permits?

When a good analysis of Bend home trends is looked at, it becomes obvious that Bend new home construction has slowed. Many builders are sitting on inventory and while prices have

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Bend FamiliesWhat's in the BPRE March Newsletter?

  • Can Bend Families Afford to Live in Bend?
  • How is the Bend Real Estate Market Changing?
  • Commercial Real Estate Market Update.
  • Important Lessons and Tips to Know.
  • Protecting the Equity of Your Home.
  • Boosting Curb Appeal can do Wonders for a Sale!
  • And much more...

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Bend Real Estate Market Changing

Bend Real EstateFebruary 2019 had the most dramatic change to the Bend Real Estate market that we have seen in many years. Sales dramatically declined while prices increased, although at a reduced rate than we have experienced over the past few years.  It appears that the trends we started to see the second half of 2018 are continuing.

When February 2019 is compared with February 2018, the data for Bend single family residential sales on less than an acre are as follows:

  • Numbers for sale down 6.6% to 398
  • Numbers sold down 36% to 105
  • Numbers pended down 17% to 151
  • Average price per square foot up 2.9% to $248
  • Average days on market unchanged
  • Sold/Original listing price different down 1% to 96%
  • Average active
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How Will State Wide Rent Control Impact Rentals?

For Rent

Oregon has the distinction of becoming the first state in the United States to pass state wide rent control. California attempted to do this last fall, but it failed at the ballot box. Several large American cities, such as New York, have rent control laws, but no state until now.

The law as written will limit the rent increase in to 7% above the annual change in the consumer price index. It also prohibits landlords from terminating month-to-month leases without cause after 12 months of occupancy. There is an exception to this last - for those tenants who receive three lease violations within a 12 month period and the landlord provides them written notice within 90 days.

How this new law will

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Bend Single Family Home Prices Have Grown

Bend Real Estate TrendsOver the past 8 years, the sales price of a Bend single family home has grown by 129%. The average sales price at the end of 2010 was $223,000 and $510,000 the end of 2018. During the same time period, the average active price of a Bend single family home has gone up 91% from $373,000 in 2010 to $711,000 the end of 2018.*

This growth in the price of a Bend home has led to an affordable housing crisis with the average Bend family questioning whether or not they can afford to purchase a single family home in Bend; for many the answer is no.

 

How Much Home Can a Bend Family Purchase in 2019?

According to Deschutes County records, the median annual Bend household income in 2018 was $67,727. Chris

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Bend Premier Real Estate Announces Two New Brokers

Kacey TaylorKacey Taylor

Born and raised in Oregon, Kacey has a deep love for everything that this wild state has to offer. She and her family moved to Bend in 2012 to be closer to all of the things that they love to do in the outdoors. Kacey is a people-person through and through - and she thrives on helping her clients navigate every detail of the most important and exciting purchase of their lives. She loves to build long-lasting relationships, and to play matchmaker between people and place. And if you need an insider tip on anything from best food cart to favorite Nordic trail - she's your go-to!

Kacey has worked with other real estate companies over the years (both boutique and national), but she's truly

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This content last updated on October 20th, 2019 at 7:44am PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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