Bend Real Estate Blog

Bend Oregon Luxury HomesBend Luxury Home Sales Rise in 2018

The Bend high end real estate market grew considerably in 2018.  Million dollar homes, including those built for speculation, have sold at larger numbers than those in 2017 with the greatest percentage increase in the $1,300,000 to $1,699,999 range (up 42.9%). **

For available inventory, the numbers of homes in the $2,300,000 and up range grew by the largest percentage with 50% more properties available in 2018 than in 2017. The months of supply fell in all categories except the highest where the inventory levels are now at 17.2 months (up from 10.9 months in 2017).

Pending sales were also up with the greatest percentage increase in the $1,300,000 to $1,699,999 category with an increase of 63.9%  There were 59

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Bend Commercial Real Estate Impacted by Lack of Inventory

Historically, our local commercial real estate market trends above the national averages. Our Central Oregon area commands very aggressive CAP rates due to supply and demand; when you put a magnifying glass to our market, we have very little Industrial property For Sale/For Lease and it would appear that the Urban Growth Boundary expansion recently passed will not solve this immediate problem. Our local market in most cases this year has positive absorption rates for office and retail as well. Commercial Market Conditions

What’s Up on the National Front?

Our local commercial real estate market trends about a year behind what we experience in the residential market. This is consistently true and while residential

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Bend Real Estate Trends Mixed in November

Bend Real Estate Homes For SaleThe data has been published and Bend single family home trends show mixed results for November. When Bend home sales from November, 2018 are compared with the sales from November, 2017, the following changes can be seen:

  • Homes for sale down 7.3% to 456
  • Homes sold down 16.7% to 170
  • Homes pended up 4.1% to 153
  • Average price per sq ft up 6.6% to $243
  • Average days on market up 9.6% to 114
  • Average active price up .9% to $663,000
  • Average sold price up 11.7% to $516,000
  • Median sold price up 11% to $433,000
  • Months of inventory up 12.4% to 2.7*

Why are Bend Home Sales Slowing?

Closings were down significantly in November which can be contributed to the softening Bend home sales

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New Sunriver Real Estate Listing!

3 Big Sky Lane

This stunning property is definitely a must see! Beautiful lodge style home comes fully furnished and would be perfect for owner occupant to use as a vacation rental. This home boasts six bedrooms with three master suites, great room floor plan, and large bonus room with a wet bar. Large elevated deck great for entertaining. Whether you enjoy the great outdoors, want to sit in the hot tub or by one of the three fireplaces to enjoy a glass of wine with a good book, this home offers a sense of warmth and comfort. Located on the quiet North end of Sunriver offering just the right amount of privacy to make your vacation a dream come true!

  • 6 bedrooms
  • 5.5 bathrooms
  • 3448 square feet
  • .23 acres
  • 3 car
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Welcome Back Rachel!

Rachel Greenwald RhoadsBend Premier Real Estate is thrilled to welcome Rachel Greenwald Rhoads back to the brokerage. Rachel has spent the last two years working in commercial real estate and brings this expertise back to Bend Premier.

Rachel began her career as a residential real estate agent and had great success with residential sales for 6 years. It was while working in residential that she determined she needed the added experience with commercial real estate to best represent her clients in all their real estate needs.  Her tenacity in finding the best property for her clients or in representing them in their sale is a trait that makes Rachel a phenomenal real estate Broker. You can read more about Rachel in the Bend Premier Company page.

 

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Bend Oregon Home Sales Show Mixed Trends

Bend Oregon Real Estate TrendsWe have noted for the last few months that residential home sales trends in Bend have been changing.  The figures for October, 2018 reflect this change in a manner that we have not seen for some time.  While prices continue to rise, sales have dropped off significantly. The following data compares Bend single family home sales in October 2018 with those from October 2017:

  • Homes for sale down 12.9% to 505
  • Homes sold down 5.2% to 221
  • Homes pended down 16.1% to 188
  • Average price per square foot up 7.7% to $252
  • Average days on market down 1% to 104
  • Sold/Original listing price differential down 2.1% to 95%
  • Average active price up .9% to $641,000
  • Average sold price up 9.3% to $516,000
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The Bend Commercial Real Estate Market Shows Limited Inventory

The latest census predicts that the population of Bend will be 130,000 by 2030. With just under 95,000 people currently residing in the city limits, and just 2,380 acres recently added to the Urban Growth Boundary (UGB), new density philosophies will certainly be needed to accommodate this growth.

Bend Planners have identified a handful of “Opportunity Areas” throughout the city.  Several of these, The Old Mill Korpine property, the east Greenwood District and the Bend Central District (BCD) are currently being considered by the city to become urban renewal areas, and promise to drastically alter the face of this once sleepy logging town.

The BCD is gaining the most traction. Brooks

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Take the Path Off the Green Lakes Trail to Find this Hidden Gem

Moraine Lake Three Sisters Wilderness

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 end of October and the normal summer crowds have disappeared so the quiet was well

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Redmond OR Real Estate Sales Continue Upward Trends

Redmond Oregon Single Family Home Sales

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% to 98
  • Months of inventory based on closed sales unchanged at 2.7
  • Average active price up 4.9% to $403,000
  • Average sold price up 6.5% to $344,000*
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Bend Or Single Family Home Sales Are Slowing

Bend real estate trends

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
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This content last updated on August 24th, 2019 at 1:44pm PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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