Bend Premier Real Estate Blog

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

• Bend Home Sales Are Up
• Easy Cheeseburger Soup
• Fall Activities in Central Oregon
• Canyon Meadow Hike
• The Top Three Reasons Affordability is Improving

Bend Home Sales Up With More Inventory and Lower Mortgage Rates

It appears that the tide has turned and Bend home buyers are now experiencing lower prices, more choices with more inventory, and better interests rates. This has enabled more buyers to enter the market and more sellers to have confidence listing their home, knowing that their replacement property will cost less than it did just six months ago. This has generated more early fall business than we normally see and a more balanced Bend real estate market.

When September 2024 is compared with September 2023, the following changes to Bend home sales can be noted:

• Average sales price down 11.3% to $837,153*
• Median sales price down 4...

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Canyon Meadow is a Permitted Hike in the Mt Jefferson Wilderness

Canyon Meadow is a relatively easy hike in Central Oregon if limited to just the meadow loop which takes trekkers through burned forest, old growth forest and the meadow back to the beginning at Jack Lake. However, many will take the one way climb past the meadow up to the base of Three Fingered Jack. This adds significant elevation gain as well as beautiful views of Three Fingered Jack, sometimes including mountain goats and technical climbers on the craggy top of the mountain. For those adventurous enough to climb the loose rock and pumice past the glacial lake onto the ridge separating Three Fingered Jack from the nearby unnamed hill, the views south toward the Three Sisters and Mt. Washington and the views north toward Mt. Jefferson are spectacular. 

Scrambling down the loose scree from the view points takes time, and trekking poles can be very helpful. Once the difficult section of the hike is passed, people can return the way they had come, or for a difference experience they can hike down the meadow following the stream that flows from the moraine holding the glacial lake. During certain times of the year, this path can be through acres of lupine dominated wildflowers. For those who take the entire Canyon Meadow loop as suggested, the trip results in over 1600 feet of elevation gain and under eight miles in length.

Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.

According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below):

A recent post from

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If you've been hesitant to list your house because you're worried no one's buying, here's your sign it may be time to talk with a Bend Premier Real Estate agent.

After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don't control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are expected into next year. And lower 

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