What's in the May 2023 Bend Premier Newsletter?

• Bend Home Sales Take a Downward Turn
• Rancher Butcher Chef
• Downsizing for the Win?
• 6 Books to Change Your Real Estate Perspective
• Reasons to Sell Your House in Today's Market

Bend Home Sales Take a Downward Turn

The Bend real estate market has been on a roller coaster over the past few years. The Covid-19 pandemic triggered a massive boom in Bend single family home sales, resulting in multiple offers, dramatic price increases, and limited inventory.  However, since the peak in home prices the summer of 2022, home prices and home sales have dropped, inventory levels, days on market and interest rates have risen while new homes hitting the market are significantly down.  Many Bend homebuyers cannot find property that meets their needs. While more homes are on the market, the numbers are still not at balanced levels with less than 2 months of inventory. If we throw into the mix the shifting mortgage interest rat...

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Have you been on the hunt for a new great steakhouse to try in Central Oregon? We recently had the opportunity to try one of the newest locations in Northwest Crossing, Rancher Butcher Chef. Featuring dishes that served family style and intended to share, this was a wonderful experience for a date night out.

We began our meal with some delightfully light and fluffy hushpuppies with a jalapeno honey butter. This dish came out quickly, and was a wonderful first flavor to start with. The hushpuppies had a nice crunchy exterior with a light, delectable interior and the jalapeno honey butter was not spicy but featured the flavor of the jalapeno nicely. 

We continued our culinary experience with a small order of scallops. These scallops were very well cooked and the pairing of the hazelnut romesco and fennel salad made this dish a nice, refreshing bite to have after...

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What's in the April 2023 Bend Premier Newsletter?

• Bend Market Trends - March 2023
• Sparkling Strawberry Mint Limeaid
• Staging Tips for Spring
• 6 Questions to Ask Your Agent Before Buying
  a Home
• The Key Advantage of Investing in a Home

Bend Home Sales Down

We have been following the data and our transitional Bend real estate market is definitely showing downward trends in many categories.  The rapid rise in prices and demand we saw during the covid pandemic were unsustainable and now we are seeing adjustments in home sales, days on market and home prices. The shock of higher mortgage interest rates is mostly over and home buyers are back in the market. And sellers are more realistic with home prices and willing to negotiate terms.

When Bend single family home sales on less than an acre are compared year over year, the following changes can be seen:

• Average sales price down 7.7% to $801,839*
• Median sales price down 12.3% to $680,000
• Average list price up 5.5% to $970,512
• Median list price up 4.7% to $784,950 
• New listings down 27% to 195
• Homes for sale up 21.9% to 217
• Pending sales down 26.5%...

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