Built in 1930, the Empire State Building is one of the most memorable buildings in the world and is an iconic representative of New York City and Manhattan Island. The skyscraper has been the location of famous movies (i.e. King Kong), the office of many businesses and at one time, the tallest building in the world.

The 200 foot spire on the top of the 1050 foot tall building was placed, according to former New York State Governor Al Smith and the construction chairman of the building, to serve as a mooring mast for the docking of dirigibles with the argument that the closest port for these blimps was in Ocean County, NJ at the time.  However, many believe that the reason the spire was really placed was to top the 1046 foot tall Chrysler Building as the tallest building in the world.

If you have a chance to visit New York City, a stop at the Empire State Building is a must. Seein...

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Redmond OR Home Prices Continue to Rise

Redmond has historically been a more affordable option for people moving to Central Oregon. Home and land prices in this vibrant town have remained lower than those in Bend, and with the commute between the two communities less than 20 minutes, Redmond has often been a first choice for many relocating to our area.

However, the growth in Central Oregon has pushed single family residential home prices in Redmond higher since coming out of the recession in 2012. In fact, over the past five years, home prices in Redmond have doubled with the average sold price now over $300,000.

When single family residential Redmond home trends are compared between 2016 and 2017, the following statistics can be seen:

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Central Oregon Real Estate Home Prices Trending Up

Those who have lived longer than 5 years in Central Oregon have seen home prices rise at a rapid pace, especially in Bend and Redmond.  The average price for a single family residential home in Bend has risen over $200,000, the price for a Redmond home has more than doubled, Sisters homes are up 40% and Sunriver home prices have risen 22% in the last five years. 

Our Predictions for Central Or Single Family Homes

The question can be asked, will Central Oregon home prices start to level off?  Have we reached the top? Obviously affordability for locals has been an issue for several years. But for new Central Oregon residents, the price for a Redmond or Bend single family home is extremely inexpensive relative to th...

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Central Oregon Real Estate Home Prices Trending Up

Those who have lived longer than 5 years in Central Oregon have seen home prices rise at a rapid pace, especially in Bend and Redmond.  The average price for a single family residential home in Bend has risen over $200,000, the price for a Redmond home has more than doubled, Sisters homes are up 40% and Sunriver home prices have risen 22% in the last five years. 

Our Predictions for Central Or Single Family Homes

The question can be asked, will Central Oregon home prices start to level off?  Have we reached the top? Obviously affordability for locals has been an issue for several years. But for new Central Oregon residents, the price for a Redmond or Bend single family home is extremely inexpensive relative to the home prices...

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Bend Luxury Home Sales Trending Up

Bend home buyers and sellers know that real estate prices have been on the upswing for several years. Bend homes have gained value consistently since 2011, with the average sales price up 95% in the last 7 years.*  However, what about the luxury, over $1,000,000 market? What have the last 2 years shown for high end home demand in Bend?

As expected, home prices are up in the luxury market as well. When the trends from 2016 through 2017 are compared with Bend single family homes over $1,000,000 on less than 2.5 acres are compared, the following changes can be seen:

• Number of homes for sale up 11.1% to 60
• Number of homes sold up 54.5% to 85
• Number of homes pended up 46.7% to 88
• The average square foot price is up 4.6% to $326.68
• The months of inventory based on closed sales is down 17.2% to 12
• The sold/original listing price difference is up 3.3% to 95%
• The...

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