Bend Premier Real Estate Blog

Bend Real Estate Trends Mixed in November

The data has been published and Bend single family home trends show mixed results for November. When Bend home sales from November, 2018 are compared with the sales from November, 2017, the following changes can be seen:

• Homes for sale down 7.3% to 456
• Homes sold down 16.7% to 170
• Homes pended up 4.1% to 153
• Average price per sq ft up 6.6% to $243
• Average days on market up 9.6% to 114
• Average active price up .9% to $663,000
• Average sold price up 11.7% to $516,000
• Median sold price up 11% to $433,000
• Months of inventory up 12.4% to 2.7*

Why are Bend Home Sales Slowing?

Closings were down significantly in November which can be contributed to the softening Bend home sales seen earlier in the year; days on market and months of inventory are both up. While...

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Bend Oregon Home Sales Show Mixed Trends

We have noted for the last few months that residential home sales trends in Bend have been changing.  The figures for October, 2018 reflect this change in a manner that we have not seen for some time.  While prices continue to rise, sales have dropped off significantly. The following data compares Bend single family home sales in October 2018 with those from October 2017:

• Homes for sale down 12.9% to 505
• Homes sold down 5.2% to 221
• Homes pended down 16.1% to 188
• Average price per square foot up 7.7% to $252
• Average days on market down 1% to 104
• Sold/Original listing price differential down 2.1% to 95%
• Average active price up .9% to $641,000
• Average sold price up 9.3% to $516,000
• Median sold price up 6.5% to $433,000
• Months of inventory based on closed sales down 8% to 2.3*

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Welcome Back Rachel!

Bend Premier Real Estate is thrilled to welcome Rachel Greenwald Rhoads back to the brokerage. Rachel has spent the last two years working in commercial real estate and brings this expertise back to Bend Premier.

Rachel began her career as a residential real estate agent and had great success with residential sales for 6 years. It was while working in residential that she determined she needed the added experience with commercial real estate to best represent her clients in all their real estate needs.  Her tenacity in finding the best property for her clients or in representing them in their sale is a trait that makes Rachel a phenomenal real estate Broker. You can read more about Rachel in the Bend Premier Company page.

The Bend Commercial Real Estate Market Shows Limited Inventory

The latest census predicts that the population of Bend will be 130,000 by 2030. With just under 95,000 people currently residing in the city limits, and just 2,380 acres recently added to the Urban Growth Boundary (UGB), new density philosophies will certainly be needed to accommodate this growth.

Bend Planners have identified a handful of "Opportunity Areas" throughout the city.  Several of these, The Old Mill Korpine property, the east Greenwood District and the Bend Central District (BCD) are currently being considered by the city to become urban renewal areas, and promise to drastically alter the face of this once sleepy logging town.

The BCD is gaining the most traction. Brooks Resources recently purchased 1.76 acres between Franklin and Emerson, the former Murray and Holt Auto dealership, with the hopes of jumpstarting the BCD's urban renewal process. Some concepts have been considered a...

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Take the Path Off the Green Lakes Trail to Find this Hidden Gem

We have hiked the Green Lakes trail into the Three Sisters Wilderness many times over the years we have lived in Central Oregon. Located off the Cascade Lakes Highway, the hike to Green Lakes is among the most popular in the Cascades and is well worth the experience; we have blogged about this hike in the past -  see our Green Lakes Blog. Today, however, we took the path to the left at roughly 2 miles into the Green Lakes hike and walked another 1.5 miles to find Moraine Lake.

The path from the Green Lakes trail took us through old growth forest with beautiful trees and absolute silence. It is the...

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