There are More Bend Luxury Homes on the Market

The Bend real estate market has been in transition since Covid ended, with the demand for homes remaining strong, but rising mortgage interest rates greatly impacting the buying power of would-be homebuyers.  It has been three months since we last looked at the Bend luxury homes. During this time, there have been changes with fewer new listings, more homes on the market, and fewer sales. All four categories we look at with high end home sales are up significanty with available inventory.

We are pushing closer to a neutral market with the highest prices where there is 5 to 6 months of inventory. We are not there yet, but there has been significant change over the past twelve months where higher priced homes are slower to sell.

Click Here to Read More...

River's Edge is an Established Bend Golf Course Community

Located on Awbrey Butte's eastern flank, River's Edge Village was originally developed in 1987 along with the River's Edge Hotel and Convention Center and the first nine holes of the golf course.  The second nine holes of the course were built in 1992 and the next 200 homesites platted around this upper location of the development were released for individual purchase, creating a unique subdivision. Subsequent phases of River's Edge have been developed by Pahlisch Homes with the contemporary architecture that is popular in Bend today. The golf course was purchased by the neighborhood in 2022 and is a favored public course.

Market Trends for River's Edge Single Family Home Sales

Home prices are gradually increasing in River's Edge. Unlike many Bend subdivisio...

Click Here to Read More...

In all the years we have lived in Central Oregon, we have never been to Clear Lake, much less hiked around it. Located off Hwy 126 just south of the junction with Hwy 20 in the Willamette National Forest, the Clear Lake trailhead is next to the parking lot of the Clear Lake Resort where cabins, fishing supplies, boats and kayaks are available for rent. We arrived early before the parking lot filled and started our hike along Clear Lake's western shore.  When we reached the southern edge of the lake, we took the cutoff trail to the Sahalie and Koosah Falls loop, which extended our hike and enabled us to view these beautiful waterfalls from the western side as well as the well known eastern viewpoints. 

After completing the loop around the falls, we returned to Clear Lake and continued our hike up its eastern edge, passing the spring which is the headwaters of the McKenzie River and the northern edge of the lake. In reading up on Clear Lake, we learned that the lake was formed 3000 years ago when lava from Sand Mountain reached the river and backed up the water to form the lake. Hikers and boaters can still see remnants of the drowned forest in submerged trees still standing under 120 feet of water. The water is near freezing which is why these trees have not fully decomposed after 3000 years.

The northern part of the lake provides for views of North and Middle Sister. It is also here that we saw beautiful reflections in the lake, which at times had a turquoise tint. In returning to the lodge, the parking lot was filled to overflow. Our entire hike, including the waterfall loop,  was just less than 10 miles and under 1000 feet of elevation gain. People wishing to see the beautiful colors need to hurry before the leaves fall.

Kerry Knouse has joined Bend Premier as a Principal Broker.  Kerry brings over 10 years of experience representing buyers and sellers. Kerry had a long career in construction prior to becoming a real estate agent and really understands the Central Oregon market, including its varied neighborhoods and communities. Bend Premier is pleased he has joined us. To read more about Kerry, click on Kerry's website.

What's in the October, 2023 Bend Premier Newsletter?

• Bend Home Sales Down While Rate of Price Increase Drops
• Butternut Squash Soup
• Beginning with Pre-Approval
• Hike Pamelia Lake to Grizzly Mountain
• Explaining Today's Low Housing Supply