Bend Premier Real Estate Blog
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11
Bend Premier Real Estate | April 2022 Newsletter
What's in the April 2022 Newsletter?
- Bend Oregon Real Estate - March 2022 Sales
- So You Think You Know Doughnuts
- 7 Smart Strategies for Kitchen Remodels
- 5 Tips to Improve Your Listing Photos
8
Bend Oregon Real Estate | March 2022 Trends
Bend Real Estate Sales Up Despite Rising Interest Rates
Mortgage interest rates for a 30 year conventional loan with 20% down have exceeded 5% for the first time in over a decade. Despite the decreased buying power this creates for many, especially first time homebuyers, the March 2022 pending sales of Bend single family homes on less than an acre are up an amazing 108% over the year before. Bend home prices are also up with the median sales price now at $775,000. Bend has become a town of the affluent and while affordability has been an issue for many years, it is now a level never before seen.
When March 2022 is compared with March 2021, the figures for Bend single family home sales on less than an acre are as follows:
- Average sales price up 12.7% to $867,475*
18
Supporting Small Business One Donut At a Time
This last week, we came across a small, local donut company that we absolutely had to try. Little Pine Donuts specializes in brioche donuts that are hand rolled and made fresh each morning using only the highest quality ingredients. These delectable, filled donuts are light and fluffy and each flavor is unique and perfectly balanced.
We decided to try one of each flavor of donut in our order today plus doubling up on the Nutella flavor. In addition to the Nutella, Little Pine offers Vanilla, Lemon, Strawberry Cream and Creme Brulee. Each flavor was just as delicious as the last, however, the Creme Brulee was our personal favorite with the donut topped w...
15
What's Up With Bend Luxury Homes?
Bend Luxury Real Estate Sales Breaking Records
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It is hard to believe, but ten years ago million dollar sales in Bend were rare and uncommon. Out of 1679 sales during the preceding 12 months that included February, 2012, only 9 were for more than one million dollars for Bend single family homes on less than an acre. This figure was .5% of total sales
The Bend real estate market has really changed! Out of the 2490 homes that sold during the preceding 12 months that included February, 2022, 433 closed for over $1,000,000, roughly 17% of total sales. And while many of these sales would be considered "luxury homes," some are properties that just a few years ago were normal middle-class homes; due to extreme demand with little inventory these properties have seen their value increase into t...
10
Bend Premier Real Estate | March 2022 Newsletter
What's in the March 2022 Newsletter?
- How High Can Bend Prices Go? 2022 Market Trends & Predictions
- Oregon Lifting Covid Mask Mandates
- The Best Time to Buy Things for Your Home
- Bend's Newest Italian Fare
- What's Driving High Buyer Demand?