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Bend Premier Real Estate Blog

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July
8

Bend Home Prices Up as are Inventory Levels

Bend home prices are up year over year but so are inventory levels. The rate of the increase in Bend home prices has dropped, but we are still not experiencing overall reduced home prices. While buyers have more options, mortgage interest rates (just short of 7% as of July 3, 2024) remain high which has limited the buying power for many. July typically is the busiest month of the year for Central Oregon home sales and it remains to be seen whether the combination of high prices and high mortgage interest rates will curtail Bend real estate sales this summer.

When June 2024 is compared with June 2023, the following changes for Bend single family home sales on less than an acre can be noted:

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July
7

Maxwell Butte is a 10 Mile Hike in the Willamette National Forest

The 4th of July 2024 was a clear and beautiful day to hike in the forests of Oregon's Cascades. Despite a few mosquitoes in the early hours of the hike, the well marked trail to the top of Maxwell Butte was cleared of fallen trees and only had a few snow patches once the trek up the butte itself began. However, the walk through the woods was lovely with many shade-loving wildflowers blooming and no one else seen.

Maxwell Butte Trailhead Maxwell Butte
Maxwell Butte Maxwell Butte

After passing small Twin Lakes and the junction with the Lava Lakes Trail, the hike passes through more woods and open areas until the final push up Maxwell Butte starts. The trail steepens and switchbacks and as hikers gain elevation, the views towards North and Middle Sister, The Husband, the Wife and then Broken Top become visible. The topography of Hogg Rock, Hoodoo and Hayrick Butte become very evident as hikers climb. However, it isn't until the peak of Maxwell Butte is reached before the stunning views of Three Fingered Jack become seen. Three Fingered Jack's western flank fills the view from the top of Maxwell Butte. Turning slightly west, the views toward Mt. Jefferson, Mt. Hood and the multitude of small and larger lakes in this section of the Willamette National Forest and Jefferson Wilderness were obvious, as were the results of many fires experienced in Central Oregon over the past few years. All in all, the hike to the top of Maxwell Butte is slightly over 10 miles with 2500 feet of elevation gain.

Maxwell Butte Maxwell Butte
Maxwell Butte Maxwell Butte
July
3

Iron Mountain and the Cone Peak Trail are probably one of the best hikes for wildflowers in Central Oregon. Each year many Oregonians will hike to the top of Iron Mountain, or take the full Cone Peak loop to enjoy the flowers.  Experts state that most of Oregon's 300 + wildflower species can be located near Iron Mountain as well as over 17 species of trees. For those starting at the Tombstone parking lot, the entire hike exceeds 1900 feet of elevation gain in seven miles. The time of the hike will probably depend on how often hikers stop to check out the flowers and views, but most can complete the full loop, including the side hike up and back to the top of Iron Mountain, within 4 hours. The mountain was especially beautiful the end of June, 2024.

Iron Mountain Iron Mountain
Iron Mountain Iron Mountain
Iron Mountain Iron Mountain
Iron Mountain Iron Mountain
Iron Mountain Iron Mountain
July
3

If you own a home, your net worth has probably gone up a lot over the past year. Bend home prices have been rising, which means you're building equity much faster than you might think. Here's how it works.

Equity is the current value of your home minus what you owe on the loan.

Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that's pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.

How Much Equity Have You Earned over the Past 12 Months?

According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner's equity has g...

Click Here to Read More...

July
2

If your listing expired and your house didn't sell, it's totally natural to feel a mix of frustration and disappointment. And as you're working through that, you're probably also wondering what went wrong and what you should do next.

If you still need to move and want to get it back on the market, here are some things to consider as you look back.

Was It Priced for Today's Market?

Setting the right price from...

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