Awbrey Glen Real Estate - Market Trends

Real Estate Broker/Owner with Bend Premier Real Estate 200009031

Awbrey Glen Is An Established Bend Luxury Subdivision

Brooks Resources broke ground on Awbrey Glen in 1993 and completed the subdivision in 2006. Its 156 homesites were sold individually to buyers who were able to hire their own contractor to build their custom home, subject to architectural guidelines. This created a neighborhood of unique high end homes, many of which bordered Awbrey Glen Golf Course. Today there are 375 members of Awbrey Glen Golf Club, a private club offering the golf course, restaurant, pool, fitness facility, and many activities. People who live at Awbrey Glen tend to enjoy their home and social life.

Awbrey Glen Sales Prices Dropping

Unlike Bend in general, home prices in Awbrey Glen are going down. This may be partly because Awbrey Glen's listings are limited. With only 156 homesites in a fully built subdivision, Awbrey Glen home sellers are fewer than other developments in Bend. Homes there are of varied size and value. It may be that the homes sold in the last year are those which are considered less valuable than others. Or it could be that with the changing market, Awbrey Glen home sellers needed to reduce their prices in order to sell. We are seeing asking prices being reduced in Awbrey Glen prior to selling. Multiple offers which push prices up are becoming rare.

Awbrey Glen Real Estate August 23 Median Sales Price

Awbrey Glen Real Estate % List Price Received 8-23

Fewer New Home Listings In Awbrey Glen

As with much of Bend and the country in general, potential Awbrey Glen home sellers are waiting to list. High interest rates are keeping many sellers from listing their homes which may have a mortgage interest rate of less than 4%. As a result, there are few new listings in Awbrey Glen. However, compared with 2022, there has been a slight uptick in new listings over the past twelve months. 

Awbrey Glen Real Estate New Listings August 2023

With few new listings, there are also few sold homes. Only 19 closings occurred in Awbrey Glen over the past twelve months, the same as that experienced in 2022. Awbrey Glen Real Estate - solds August 2023


Comments (2)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Lynnea... these smaller subdivisions are so tough to comp out... you just can't expect a lot of sales in them and so sales prices on a few sales are not necessarily representative of the entire community.

Sep 22, 2023 05:59 AM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

You are so right, Nina Hollander, Broker ! But in a typical market we would see more sales in a subdivision of 156 homes. This is not a typical market right now.

Sep 22, 2023 09:20 AM