In an article published in the Bend Bulleting May 27, 2015, it was reported that Bend has had the highest yearly home price appreciation in all Oregon metro areas. Home prices have increased 9.25% from 1st quarter 2014 to 1st quarter 2015 and over the last five years, home prices have appreciated nearly 36%. Nationally, Bend has consistently been among the top metro areas for home appreciation since 2014. For local sellers, this appreciation has been a boom; homes that just a few years ago were underwater are now experiencing multiple offers, which have driven the price up even higher. For local buyers, the increased home values have priced many out of Bend, thereby creating more demand for homes in La Pine, Three Rivers South, Prineville and Redmond.
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