All Blog Entries by Bend Premier Real Estate

Found 307 blog entries published by Bend Premier Real Estate.

Buyers: Are You Ready for a Bidding War?

Buyers: Are You Ready for a Bidding War? | MyKCM
With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a disconnect between supply and demand. This imbalance is pushing home prices upward while driving more bidding wars and multiple-offer scenarios. Danielle Hale, Chief Economist at realtor.com explains:

“People are surprised that prices are rising, not falling, because in the last recession home prices fell, the difference this time is the severe shortage

54 Views, 0 Comments

Americans Rank Real Estate Best Investment for 7 Years Running [INFOGRAPHIC] | MyKCM

 

Some Highlights

  • Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years.
  • The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today.
  • Of the four listed, real estate is also the only investment you can also live in. That’s a big win!
122 Views, 0 Comments

Bend Luxury Homes are Selling!

Harper Road

Ever since coming out from the housing recession, the value of Bend single family homes on less than an acre has increased. From an average sales price of $230,000 in spring of 2011, Bend home values have gone up to exceed $547,000 June 2020.  During the same time, the months of inventory have dropped from 13.3 months to less than 2 and the price per square foot has risen from $113 to $268. From a low of two $1,000,000 plus Bend homes on less than an acre selling in all of 2010, June 2020 alone saw 23 sold.*

Bend Premier Real Estate brokers are currently working with many million dollar buyers, and people calling the office or registering on the company website are frequently searching for high end listings.

125 Views, 0 Comments

Not All Agents Are Created Equal

Not All Agents Are Created Equal | MyKCM

In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be told, not all agents are created equal. Finding the right agent for you and your family should be your top priority when you’re ready to sell your house.

The right agent is the person who can truly walk you through the whole process, look out for your best interest, and seamlessly lead you through all the steps along the way. In today’s complex market, the way we execute real estate transactions is

124 Views, 0 Comments

After hearing about a new taco shop on the westside, we had to go check it out. Our initial reservation was easily changed after having a great talk with the cashier - a Southerner who had moved to Bend Oregon for the lifestyle and change from the American South.

After perusing the menu, it was decided that 1) We needed to try the margaritas, because it was a very warm day outside. And 2) The El Pastor taco was a must, and came highly recommended by our new friend. 

The result? A great outdoor patio experience! While this location appears close to Century drive, the shrubbery and trees truly block out any loud road noises. We were able to have a great conversation, at a normal decibel level.

The margaritas were refreshing, and for the

151 Views, 0 Comments

Lack of Inventory Impacting Bend Real Estate Sales

Bend Premier Real EstateThe June 2020 MLS figures have been published and it is clear that a lack of inventory is greatly impacting Bend home sales. Ever since coming out of the great recession, we have been in a seller's market with less than six months supply of homes.  However, despite the Covid-19 pandemic (or perhaps because of it), we are seeing many home buyers actively searching for Bend homes and now have less than 1.5 months supply. For Bend properties priced less than $400,000, our brokerage has been involved in several multiple offers - some as high as nine offers on the same home. This is creating a sense of desperation for some looking for a Bend home this summer.

When June 2020 is compared with June 2019,

197 Views, 0 Comments

Best Time to Sell? When Competition Is at an All-Time Low | MyKCM

 

In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still very active despite the disruptions American families have experienced this year.

The latest Existing Home Sales Report published by the National Association of Realtors (NAR) revealed that 340,000 single-family homes sold in this country last month. NAR’s most recent Pending Sales Report (homes going into contract) surpassed last month’s number by over 44%, which far

140 Views, 0 Comments

Golden Lake is a Rarely Visited Site in the Three Sisters Wilderness

Golden Lake

We have hiked to Green Lakes many times over the years. The 4.5 miles to the lake posted on the forest service sign by the trail head we believe is to the first lake the trail reaches and not to the far lake which usually takes another 1/2 hour to 45 minutes of hiking.  We have gone to the far lake often, but have never gone past that last lake until this year.  The trail further into the Three Sisters Wilderness continues past the last Green Lakes, over the creek and up a hill.   We decided to travel a short distance on this trail to see what we could find, having checked out a map noting a meadow and Golden Lake. 

Most people traveling into the Three Sisters Wilderness will

157 Views, 0 Comments

Taking Advantage of Homebuying Affordability in Today’s Market | MyKCM

Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.

There are three main factors that go into determining how affordable homes are for buyers:

  1. Mortgage Rates
  2. Mortgage Payments as a Percentage of Income
  3. Home Prices

The National Association of Realtors (NAR), produces a Housing Affordability Index, which takes these three factors into account and determines an overall affordability score for housing. According to NAR, the index:

“…measures whether or not a typical family

196 Views, 0 Comments

Latest Unemployment Report: Great News…for the Most Part | MyKCM

 

The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the unemployment rate fell for the second consecutive month. However, there’s still a long way to go before the economy fully recovers as 17.8 million Americans remain unemployed.

Here are two interesting insights on the report:

What about a supposed misclassification?

The BLS addressed this at length in a blog post last week, and concluded by saying:

“Regardless of the assumptions

228 Views, 0 Comments

© 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Bend Premier Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Bend Premier Real Estate. Data last updated: July 13th, 2020 at 11:45pm PDT.