Posts with tag 'bend oregon real estate'

The Bend Real Estate Market is in Transition

As we have been writing for several months now, the Bend Oregon real estate market is definitely changing. Mortgage interest rates have risen impacting the buying power of would-be homeowners, especially first time home buyers. The buying frenzy experienced in 2021 is gone and the inventory levels of available homes are growing. The days on market of active listings are rising, but so are home prices when compared with the year before. However, the trend lines over the past few months are showing a softening in the market with over 254 price reductions in the past week for all Central Oregon listings. When the market softens, those properties priced well as perceived by buyers are those that sell first.

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Great Central Oregon Hike in the Cascades

The late spring snow experienced in Central Oregon in 2022 resulted in a delayed opening of the trails in the higher elevations of the national forests and wilderness areas.  But in early July, warmer temperatures have melted some of the snow and enabled hikers to access some of the lower trails. Last Saturday we hiked from Santiam Summit to Square and Round Lakes, a hike we had never done before in the Mt. Jefferson Wilderness.  During this moderate 10.51 mile in and out hike we experienced 1056 feet of elevation gain - mostly easy downs to the lakes and ups out of the lake basins. The beargrass was blooming and among the most beautiful we have ever seen.  The results of the 2003 90,000 acre B & B Complex fire were evident, but the blooming manzanita, lupines, and young trees were growing and reclaiming the burned land. The views of Three Fingered Jack, Mt. Washington and the Three Sisters were stunning. 

When we reached Round Lake, we saw people enjoying the lake, either camping on the far shore or staying in the buildings connected with Wilderness Lakes Retreat (there is a dirt road that accesses Round Lake via Jack Lake Road). We even met and spoke with a wedding party who were planning on celebrating their event that evening. People were fly fishing, kayaking, rowing, or just floating on the calm lake. We enjoyed our lunch on the far side of the lake while we watched a bald eagle attempting to catch a fish before returning the way we came, getting back to our car before the thunderstorms began at 2 pm.  

If you plan on hiking this trail, be sure to take a lot of water and wear a hat as the hike is exposed. We saw just a few people - a handful camping at Square Lake and more enjoying Round Lake, either camping or staying at the Wilderness Lakes Retreat. 

For more information on Central Oregon hikes, check out our blog.

Bend Premier Real Estate is pleased to announce that Tiffany Clark, Principal Broker, has joined the brokerage.  Tiffany brings with her 17 years of experience working with buyers and sellers in both the Seattle market and in Central Oregon. When not working with her clients, Tiffany can be found enjoying the Central Oregon lifestyle with her husband and children.

We are excited to see how Tiffany will grow her business with us.  Welcome, Tiffany!

What's in the June, 2022 Newsletter?

• Bend Oregon Real Estate -  May 2022 Trends
• A Quick Lunch Bite in Downtown Bend
• A Checklist for Selling Your House
• Safety Tips for Doggy Doors
• Move Up This Summer

Bend Home Prices Still Rising, But at a Slower Rate

Ask any Bend Premier Real Estate broker what the Bend home market is like late spring 2022 and they will tell you it "feels different" than it has been over the past two years.  The frenzied buying scenarios and multiple offers that were experienced on many listings in 2021 are fewer, days on market on many properties are up, and price reductions on homes that are not in contract within a few days are becoming more regular. While well priced homes in desirable locations are still receiving strong offers, and while bidding wars are occurring, we are not having the numbers of offers in these wars that we had in 2021. As interest rates grow, the buying power of potential homeowners shrinks. Cash offers are still prevalent and of...

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