Central Oregon Lifestyle Attractions and the Bend Real Estate Market

Central Oregon is known for its stunning natural surroundings, outdoor recreational opportunities, and a thriving community. Here are some key points about Bend:

• Outdoor Activities: Bend is a paradise for outdoor enthusiasts. The city is surrounded by mountains, lakes, and rivers, offering a wide range of activities such as hiking, biking, skiing, snowboarding, fishing, and more. The Deschutes River runs through the city, providing opportunities for water-related activities.
• Climate: Bend has a semi-arid climate with four distinct seasons. Winters can be cold with snowfall, making it a popular destination for winter sports. Summers are generally warm and dry, perfect for outdoor activities.
• Economy: The eco...

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Bend Home Prices Leveling Off

The January 2024 Bend real estate market shows some stabilization. Although the average and median price per square foot are both up, the average and median sales price on sold homes comparing January 2024 to January 2023 show little movement. The issue most Bend home buyers are still dealing with is lack of inventory which provides few choices for people looking to purchase. Although mortgage interest rates have come down from the high rates pushing 8% seen last fall, they are still in the mid sixes which also impact the purchasing power for home buyers.

When the January 2024 sales for Bend single family homes on less than an acre are compared with those from January 2023, the following changes can be seen:

• Average sales price down 1.9% to $842,669*
• Median sales price up 1.5% to $699,950
• New listings down 14.7% to 99
• Homes for sale down 28.4% to 204

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Redmond Home Sales Dropped in 2023

Redmond has been among the best locations in Central Oregon for middle class homeowners to reside.  Situated only 20 minutes north of Bend on Hwy 97, Redmond has been a more affordable option for many looking to purchase in Central Oregon and its close proximity to Bend has made Redmond a town from which many who work in Bend can fairly easily commute. 

Redmond experienced the same real estate market trends Bend did during the Covid pandemic with limited inventory and great demand pushing prices up. Low interest rates enabled many to purchase Redmond homes at lower prices than seen in Bend. However, when interest rates doubled in 2022, this greatly impacted the buying power of would-be Redmond homebuyers and in 2023, median home prices dropped in Redmond by over 4%.

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What's in the January, 2024 Bend Premier Real Estate Newsletter?

• Bend Home Sales Were Limited in 2024
• Bang Bang Cauliflower
• January Home Maintenance and Safety Checklist
• Chasing Frozen Waterfalls in Central Oregon
• Achieving Your Homebuying Dreams in2024

Mt Bachelor Village is One of Bend's Oldest Resort Communities

Envisioned in the early 1970's by Brooks Resources as a resort community to house vacationers wishing to ski at nearby Bachelor Butte (now known as Mt. Bachelor), the successful condominium development of Mt Bachelor Village has grown beyond the 1/5th fractional ownership initially offered to now provide for fully owned units, townhomes and single-family homes with a variety of amenities and views. Its location, within Bend's city limits but just off the road to Mt. Bachelor and the high Cascade Lakes, Mt Bachelor Village has offered full time homes, investment opportunities, and vacation homes to owners and renters alike for well over forty years. It continues to be a venue for retreats, weddings, gatherings and conferences. 

Due to its variety of offerings - everything from 1/5 interest condominiums to luxury single-family homes overlooking the Deschutes River, Mt Bachelor Village has a unique sales...

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