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Bend Premier Real Estate Blog

Bend Premier Real Estate Blog

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July
24

There's an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.

Consider Moving to a More Affordable Area

Today's high mortgage rates combined with continually rising 

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July
19

Bend Luxury Home Buyers Have More Options


The figures are out and the first six months of 2024 reflects an increase in Bend homes for sale over $1,000,000. The amount of Bend luxury home inventory is significantly up compared with 2023 and 2022 which leads to more options for the Bend home buyers who can afford a high end home. The days on market are rising and home sellers who really need to sell are recognizing that with more competition, asking price needs to reflect today's market...

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July
17

Marion Mountain Hike has it All in Central Oregon

Past Santiam Pass off Hwy 22 over the bridge at Marion Forks is the turn off to the trail head for Marion Lake/Mountain. Hikers have to travel over 5 miles down a paved, then decent gravel road to the trail head and must present a forest pass to hike the trail. Once past the trail head, hikers climb two miles through old growth forest until they reach Lake Ann, accessing the lake shore over a stone covered creek which flows from the lake. The trail skirts the end of Lake Ann and after a half a mile, reaches Marion Lake.

Marion Mountain Hike Marion Mountain hike
Marion Mountain Marion Mountain

The trail splits here. Hikers wishing to take the path next to Marion Lake can do so, and others wishing to bypass the lake and travel on to either Marion Falls or Marion Mountain can do that. The path to Marion Mountain connects again with the path next to the lake, but past the lake the path steepens as hikers gain elevation hiking up Marion Mountain. There are scattered open areas (complete with the remnants of forest fires) and forested areas as the remaining miles to the top of the mountain are climbed. At the top of the mountain the views of Mt Jefferson and Three Fingered Jack are wonderful. The viewpoint is on a narrow rocky outcrop with steep drop-offs on each side. On July 13, 2024, butterflies and summer wildflowers were abundant.

Marion Mountain Marion Mountain - Three Fingered Jack

On the hike back to the trail head, an unmarked path near the Marion Lake junction leads to Marion Falls. Hikers to the falls have to traverse over and around downed trees and a very steep path to get to Marion Falls. However, seeing the falls up close is wonderful. There is another steeper path to access the lower falls which adventurous hikers can take. The negative of seeing the falls up close is the steep path - which has to be climbed to get out and back to the main path back to the trail head.  All in all, the total distance traveled was over 11 miles with over 2200 feet of elevation gain.

Marion Falls Marion Mountain
July
15

Central Oregon Market Trends 2nd Quarter 2024

The Central Oregon real estate 2024 market trends for most of the major urban areas continue to reflect a seller's market in 2nd quarter, although that has changed in La Pine where inventory levels at 7.4 months reflect a buyer's market; Powell Butte and Madras are in a balanced market at 6 months. Although still in a seller's market, inventory is at a level in Bend that hasn't been seen since July, 2015 when the average home price was $391,000 and mortgage interest rates were at 4%.* With more inventory, days on market have also ticked up, but well priced homes can still sell quickly and multiple offers can happen. BendRedmond and Sunriver are showing strong upward trends in all categories (the only exception for Bend is the number of homes sold) with home prices, listings, inventory levels and days on market all rising. As we move into 3rd quarter, we expect mortgage interest rates may drop, which could enable more home buyers to afford a Central Oregon home.




*Data from Central Oregon MLS, July, 2024.
July
15

If you're thinking about selling your house, here's something you really need to know. Even though it's still a seller's market today, you can't pick just any price for your listing.

While home prices are still appreciating in most areas, they're climbing at a slower pace because higher mortgage rates are putting a squeeze on 

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