Posts with tag 'Central Oregon Real Estate'
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Central Oregon Real Estate Market Trends for Sisters, Prineville, Madras and La Pine | July 2023
What's Up with Real Estate Trends in Sisters, La Pine, Madras and Prineville?
We track on a monthly basis the real estate single family home sales trends for Bend, and on a quarterly basis those of Redmond. However, there are four other cities in Central Oregon which are important markets to our home buyers and sellers. The small city of Sisters typically has had higher prices than the other Central Oregon municipalities, but the access to the Cascades and other recreational opportunities has been a draw for those who like its quaint, western theme. For many for whom Bend is too expensive, wonderful options are available in La Pine, Madras and Prineville.
For the past three years, all three towns have followed the same market trends for their single family home sales as we have seen in both Bend and Redmond. Lack of inventory with high demand drove home prices up through 2021 into mid 2022, at which time the sharp increase in mortgage interest rates led to a...
9
Bend Premier Real Estate | August 2023 Newsletter
What's in the August 2023 Bend Premier Real Estate Newsletter?
- Bend Home Sales Average Over $1,000,000 in July
- Mt. Hood's Clear Lake Hike Worth the Trip
- Four Ways You Can Use Your Home's Equity
- There's Only Half the Inventory of a Normal Market
- Housing Market Forecast
13
Bend Premier Real Estate |July 2023 Newsletter
What's in the July 2023 Bend Premier Real Estate Newsletter?
- Bend Home Sales Reflect Mixed Results
- Iron Mountain Hike 2023
- Today's Housing Market is a Sweet Spot for Sellers
- The Bend Oregon Pet Parade
- The Benefits of Downsizing for Homeowners
7
Bend Oregon Real Estate | June 2023 Trends
Bend Single Family Home Sales Reflect Mixed Results
We have been tracking Bend home sales for many years. Bend has been in a seller's market since 2012, but the level to which the seller's market changed during Covid was beyond any we had seen before. Home prices skyrocketed with multiple offers driving sales and inventory levels dropping to two weeks at the peak of the pandemic. However, since last summer, the Bend real estate market has been in transition with rising mortgage interest rates the biggest contributor to the change. While high mortgage rates have greatly impacted the buying power of many home buyers, lack of inventory remains an issue. We had seen home price increases level off and even drop yea...
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