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Central Oregon Real Estate Market Trends - 2nd Quarter 2024

July 15th, 2024 by Bend Premier Real Estate

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. Bend, Redmond 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.

Categories: Central Oregon Real Estate Market Trends

Tags: bend oregon real estate, bend real estate, bend homes for sale, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Downtown Bend, Why We Love Central Oregon, Old Mill, Redmond Oregon Real Estate, Redmond Real Estate Trends, Central Oregon Real Estate, Central Oregon Real Estate Trends, Black Butte Ranch, Brasada Ranch, Crooked River Ranch, Eagle Crest, NorthWest Crossing, Pronghorn, Rivers Edge Village, River Rim, Tetherow, Bend, Redmond, Sunriver, Sisters, Prineville, Powell Butte, Terrebonne, Culver, La Pine, Madras

July
15

Why Your Asking Price Matters Even More Right Now

July 15th, 2024 by Bend Premier Real Estate

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

Click Here to Read More...

Categories: Bend Real Estate General Information

Tags: bend oregon real estate, bend real estate, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Redmond Oregon Real Estate, Central Oregon Real Estate, Bend

Related Markets: Bend

July
12

Redmond Oregon Real Estate | First Half 2024 Trends

July 12th, 2024 by Bend Premier Real Estate

Redmond Single Family Home Sales Strong

Redmond Oregon is a booming town. For those who live there, that is evident every day with new construction, new businesses, and new residents moving into this vibrant community. Over the past decade, the town's population has grown by 27% and has a large percentage of the town's residents being families with an average of 3.15 residents per home according to the city website. There is not a wide variation in home pric...

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Categories: Redmond Oregon Real Estate Trends

Tags: Redmond Oregon Real Estate, Redmond Real Estate Trends, Redmond

Related Markets: Redmond

July
11

Browder Ridge is a Little Known Hike with Amazing Wildflowers

July 11th, 2024 by Bend Premier Real Estate

Browder Ridge Has Outstanding Cascade and Wildflower Views

The little known Browder Ridge hike is an alternative to the well known Iron Mountain hike many take during wildflower season. Iron Mountain is located off Hwy 20 near Tombstone Summit. The easiest access to Browder Ridge Trail is near the Iron Mountain trailhead a few miles up paved forest service road 15.

The first few miles of the hike are in forested old growth with a lot of shade; ferns, rhododendrons, and various shade-loving ground cover plants are evident in this section of the hike.

Once hikers leave the woods, they can be surprised to find themselves in a sloped hillside filled with acres and acres of ferns and wildflowers, many of which exceed 3 to 4 feet. The path winds it way up this hillside, with sections of it in wooded shaded areas, and then switchbacks out into the sun. The vegetation varies based on the sun exposure and retention of moisture. There are sections of the hillside with lush, full wildflowers and others with varieties which thrive in drier conditions. As the elevation gains continue, views towards the Three Sisters and Mt. Jefferson become evident, along with drier, rockier soil and the plants which thrive there. The top of Browder Ridge provides for the most stunning views of the mountains. There is also a side hike of roughly 3/4 of a mile down the other side of the ridge towards Heart Lake which was snow covered on July 6, 2024.

The hike on July 6, 2024 was beautiful, but the day was very hot. During the return trip some of the wildflowers which were so stunning in the morning were starting to wilt. If the weather remains as dry as it is, the wildflowers will dry out as well. All in all, the hike to Browder Ridge with the views of Mt. Jefferson was an out and back over 11 miles and 2500 feet of elevation gain and it can be stunning when the wildflowers are blooming.

Categories: Great Oregon Hikes

Tags: Central Oregon Hikes, Places to See in Central Oregon, Why We Love Central Oregon, Hiking Central Oregon

July
11