Bend Real Estate Market Update

More Sales & Higher Median Price for May

According to the Bratton Report, (a Central Oregon real estate market report published by Bratton Appraisal), home sales numbers were up in Bend for the month of May.  The report shows that 102 homes sold in Bend in May, compared to 91 sales in April.  The number of sales should continue to rise through summer, our busiest "buying season".

Along with the rise in sales, the median home price rose in Bend as well.  The median home price jumped from $270,000 in April to $303,000 in May.  In my opinion the median home sales price is up in Bend due to people relocating to the area and buying higher priced homes.  The report shows that 56% of the homes sold were still in the…

What's Going on in the Bend real estate Market?

Homes are selling in Bend? 

Of course they are.  There is always going to be a need for housing in Central Oregon.  People love it here and are relocating to the area frequently.  The real estate market is still slow going, but we're starting to see it pick up.    Our real estate market depends on "Supply and Demand".   As our inventory goes down, the market will start to settle.   If our inventory keeps rising, prices are likely to remain at current levels and may drop more.

Is now the right time for you to buy Bend Oregon real estate? If I only had a magical crystal ball! 

It could be the right time, as long as you're not looking to "flip" a property and make a quick buck.   Each home buyer is in a…

Deschutes River Woods Real Estate Market

Deschutes River Woods is a unique subdivision in Bend, Oregon. The area sits between HWY 97 and the Deschutes River just north of a giant lava bed. Big Ponderosa pine trees blanket the subdivision. DRW offers rural living, yet is only a short drive to Downtown Bend. 

The subdivision mainly consists of ½ acre to 2 acre lots. There are no CC&R’s in Deschutes River Woods, which allows property owners to use their property in a variety of ways. Some home owners have horses on their property, while others have home based businesses.  Many buyers are finding that DRW is the best choice for them in the current Bend Real Estate market.

Residents of Deschutes River Woods have the luxury of having the Country…