Bend Premier Real Estate Blog

Bend Real Estate Prices Still Increasing

The September, 2019 data has been published and the price for a Bend single family home on less than an acre is still going up.  Although September is traditionally among Bend's biggest months for price reductions when sellers whose property did not sell during the summer lower the asking price to hopefully get a buyer before winter hits, Bend home sales in September 2019 still reflect higher prices than the same month a year before.  When Bend single family home sales on less than an acre in September 2019 are compared with September 2018, the following trends can be noted:

• Homes for sale down 6.7% to 556*
• Homes sold up 8.7% to 212
• Homes pended up 9.7% to 214
• Days on market down 4% to 95
• Sold/Original Listing Price difference unchanged at 0%
• Months of inventory down 16.4% to 2.6...

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Commercial Real Estate in Central Oregon

Bend Premier Real Estate is pleased to represent commercial clients in all aspects of their commercial needs, including leasing, sales, investments, tenant representation and consulting services. Our commercial Brokers know how to put a commercial deal together. Plus we answer our phones on weekends!

Bend Premier Real Estate Brokers Rachel Greenwald Rhoads and Kacey Taylors' new listing at 17605 Vandevert Road...

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Bend Oregon Home Prices Up

The Bend real estate market continues to be impacted by a limited supply of inventory, rising prices and changing seasons. August 2019 was a strong month for Bend home sales and we believe the lack of summer forest fires may have impacted our market positively.

When August 2019 is compared with August 2018 for Bend single family residential sales on less than an acre, the following trends can be noted:

• Homes for sale down 5.5% to 585
• Homes sold down 5% to 248
• Homes pended up 4.1% to 229
• Average price per square foot up 4.3% to $266
• Average days on market down 4.4% to 86
• Sold/original listing price difference is 0
• Average active home price is up 2.9% to $681,000
• Average sold price is up 7.1% to $558,000
• Months of inventory is unchanged at 2.4*

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Whitewater Creek Trail Open

Jefferson Park, located on the north side of Mt. Jefferson, Oregon's second tallest Cascade mountain, is a hidden gem with stunning views, pristine alpine lakes, and beautiful meadows full of wildflowers during the mid summer months. Two years after the lighting caused Whitewater fire closed the most popular access trail to Jefferson Park, the Whitewater Creek trail opened this month. Last Saturday we hiked the trail to this popular destination.  

The Whitewater Creek trail head is at the end of a 7.4 mile gravel road off Hwy 22 ten miles east of Detroit. The area was burned during the fire and while loggers have removed much of the dead trees around the parking lot, there are still slash piles which impact the number of cars which can safely park. We arrived just before 9:00 am, but shortly after we parked, several cars came and the available parking was already gone.

The first 4 miles of the hike to Jefferson Park is in an area hard hit by the fire which burned roughly 25 square miles. Acres of burned old growth trees are abundant, but signs of life are returning with ferns, blackberry, Oregon grape and other plants growing among the blackened tree trunks. Very young seedling trees are starting to emerge from the soil, but it will take decades for the area to fully recover. 

Shortly after you leave the burn area and cross Whitewater Creek, you join up with the Pacific Crest Trail (PCT) which runs through Jefferson Park itself.  Once you reach the park, several side trips provide access to Bay, Scout, Park and Rock lakes, all clean and clear alpine lakes with sandy bottoms with many camping areas nearby.  We hiked to Russell Lake, the furthest lake, and enjoyed our lunch on the shore. The hike back to the Whitewater trail head went relatively quick, allowing for stops to make way for the campers coming up the trail, and we arrived back at the parking lot with plenty of time to get back to Bend before evening.  This hike is sure to become one of our favorites and a "must do" for many summers to come.

Bend Home Prices Keep Rising

The July 2019 figures are out and Bend single family home prices continue to go up while closings are down.  However, homes in pending contracts have had a huge increase over the year before.  When July 2019 is compared with July 2018 for Bend single family homes on less than an acre, the following changes can be seen:

• Homes for sale down 6.1% to 604*
• Homes sold down 1.6% to 239
• Homes pended up 28.3% to 263
• The average price per square foot for sold homes up 4% to $261
• The average days on market down 5.3% to 90
• The sold/original listing price difference is unchanged at 98%
• The average active price is up 4.9% to $686,000
• The average sold price is up 9.2% to $544,000
• The months of inventory based on closed sales is down 3.8% to 2.5

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