Bend Market Update March 2015

Bend Real Estate Market Update

Over the past couple years our market has been on the rebound from the recession and real estate market collapse.  The market in Bend rebounded faster than most markets throughout the nation, as the city continues to grow at a fast pace.  The early spring weather has caused some homeowners to list their homes earlier this year, which has raised our housing inventory slightly to just over 4 months of inventory, but it's being gobbled up quickly. It will be interesting to see what our inventory levels do in the next couple of months.  Currently in the $250K and under price range, there isn't much available, and new listings in this price range are selling within days, many times with multiple offers.  I was out showing…

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Bend Neighborhood Spot Light: Awbrey Butte

Awbrey Butte Neighborhood

Awbrey Butte is one of Bend's most popular luxury neighborhoods.  Located in northwest Bend just a few minutes from downtown, Awbrey Butte is known for its location, privacy, and amazing views.  You'll find views in all directions around the butte.   Properties on the west side of the butte have amazing Cascade Mountain views from Mt Bachelor all the way to Mt Hood and everything in between, while those on the east side have great city views.  Lot sizes typically range around 1/2 acre, but can be found up to about 2 acres in size.  You'll find an abundance of both Ponderosa Pine trees and Juniper trees on the butte, as well as many forms of wildlife, (even the occasional elk). There are several trails, parks, and tennis…

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New website coming soon

Bend real estate website upgrade

Well...  After a couple of years with my current site, I've decided to upgrade my website again.  While my current site is one of the best out there, I feel that my new site, (currently under development), will benefit users greatly. The overall goal of the new site is to make it even more user friendly, fast, and add new features.  The layout will be much easier for users to navigate on any device, including mobile devices.  Searching for homes, statistics, and real estate information will be easy and fun!

New features will include:

• Google Street View Maps
• Bing Birds Eye Maps
• All new property search 
• A responsive design (meaning that the site will adjust to best fit whatever device you're using).  
• Flags…

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Should you list your home during winter?

Pros And Cons Of Listing Your Bend Home During Winter

Winter in Bend is usually the slowest time of year for home sales, so many home owners won't consider listing their homes during the winter months.  It's common for sellers to actually pull their listings from the market in the late fall/early winter.  But listing your home during the winter has some benefits.  Below are some of the pros and cons of listing a home during the winter.

Pros Of Listing In Winter

• The number one reason sellers should consider listing your home in winter is that there is less inventory on the market to compete with.  Currently in the Bend market there are 618 single family, stick built homes on the market.  In certain price ranges there isn't much on the market at…

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February 2014 Bend real estate newsletter

Bend real estate newsletter February 2014

The Berkshire Hathaway HomeServices Name Change 

As you may have heard, Prudential Northwest Properties is now Berkshire Hathaway HomeServices Northwest Real Estate.  Prudential Northwest Properties was acquired by home services in 2013, and adopted the new Berkshire Hathaway HomeServices name in November.  I'm excited for the change!  Berkshire Hathaway is Warren Buffet's flagship company that is trusted world wide.  Clients will bennefit from a company that provides it's agent with the best marketing tools and technology available.

Bend Winterfest This Weekend

The Bend Winterfest activities kick off this Friday, February 14th and run all weekend.  Events include ski and snowboard big air…

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Bend Home Rentals In High Demand

Bend Oregon Rental Housing Market

The tides have turned... Just a few years ago tenants were negotiating lower rents, and the Bend rental market had around a 12% vacancy rate (reported by local Bend news station KTVZ).  Today the vacancy rate is 1%.  Homes are rented within minutes, with multiple applications.  I had a client rent out a home near downtown over the weekend.  She advertised on Craigslist only, and said she'd be at the home taking applications for a 2 hour period. She had people waiting when she arrived, and took over 30 applications.  Needless to say she rented the home out for what she was asking the same day.

People in need of a house rental in Bend are having a rough go at finding a suitable home. Many are constantly searching…

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Bend OR Homes under $200,000

Bend OR Homes for sale under $200,000

Not long ago there were homes availble in Bend for under $100,000... But currently the cheapest stick-built, single family home on the market is at $123,000 (and it's a major fixer upper). The lower end market has surged in the past 6 month.  Currently there are only 39 Active Bend OR homes for sale for under $200,000.  Most of these homes are in need of some TLC, and they're still selling quick, sometimes with multiple offers.  If you're looking for a home in this price range, be prepared to encounter multiple offers.

All information in this post is based on stick-built, single family homes (excluding townhomes, condos, and manufactured homes).

Pending Home Sales and Sold Statistics

The MLS reports 116…

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Bend Real Estate Market Update First Half of 2013

Bend Real Estate Market Statistics

The secret is out of the bag... Our real estate market in Bend is once again thriving with sales and new construction.  Foreclosures and Short Sales are slim, multiple offers are common, and many appraisals are coming in at above the sales price.  Let's look back at the 1st half of 2013 real estate statistics for Bend.  These statistics are only for stick built homes within the Bend area, excluding manufactured homes, condos, townhomes, and others. All statistics come directly from the Central Oregon MLS.

Sold Statistics Jan 1st 2013-June 30th 2013

• 1182 homes were reported sold in the 1st half of the year
• 231 of these sales were new construction!!!
• 14 homes sold below $100K
• 286 in the $100K-$200K price…

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Bend Market Update 2013

Bend Real Estate Market Summary For First 2 Months Of 2013

The market is going strong in Bend, maybe too strong... There still isn't enough inventory available to satisfy the amount of serious buyers, causing bidding wars.  So prices continue to climb.  Many lower end buyers are getting priced out of our market. A little over a year ago, you could buy a nice, newer home for $150,000 in Bend. Today it's hard to find anything over 1500 square feet and doesn't require a lot of work for under $200,000.

Bend Residential Real Estate Sales January and February 2013

Let's look at the sales of stick-built single family residences through February this year (statistics taken directly off of the Central Oregon MLS, excluding townhomes, condos, and manufactured…

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Where did 2012 go? A look back at 2012 real estate statistics

It's 2013? Already? A look back at Bend home sales statistics for 2012

Happy New Year! It seems like 2012 flew by for me.  2012 included a busy year of real estate business, the birth of my second child, and I'm yet another year older (and it's showing by grey hairs and less hair on top).  Besides the birth of my son, the thing that will stick in my mind when I think of 2012 is "the year the market turned in Bend".  We saw signs in 2011 that the market was rebounding, but statistics didn't prove this until 2012.  Sales were up in early 2012 and continued through the entire year, leaving us with our current inventory of around 2.5 months worth of homes in Bend.

Housing market statistics for Bend

All statistics are from the Central Oregon MLS and…

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