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Broken Top Real Estate Market Trends

By
Real Estate Broker/Owner with Bend Premier Real Estate 200009031

Broken Top Is A Recognized Bend Oregon Luxury Subdivision

Started in 1993, the Broken Top community and golf club have been one of Bend's premier subdivisions for many decades. Situated in Bend's west side, the private Morrish-Weiskopf designed 18 hole golf course and club have hosted professional and local tournaments and have been member owned for the past few years. Residences in the gated community include custom designed luxury homes on large lots, luxury townhomes, and a handful of vacation rentals which can also be used as year-round dwellings. 

Market Trends For Broken Top Single Family Homes

Broken Top real estate sales experienced the same pattern that much of Bend did during the Covid-19 pandemic with home prices and demand rising dramatically during 2020-2021, and then leveling off once interest rates doubled in 2022. Today, median sales prices have dropped from their 2022 peak with inventory levels and the number of sales rising.

Broken Top Median Sales Price

While the median sales price is down, the number of Broken Top homes for sale is up over the past 12 months, as are listings and sold properties. More Broken Top homeowners are listing and selling post Covid than is seen in other Bend neighborhoods. A reduction in home prices can increase Broken Top home affordability and enable more to purchase despite higher mortgage interest rates. In addition, there are still a large number of cash buyers purchasing Bend luxury homes. This may be why the trends are different in Broken Top than seen in other subdivisions.

Broken Top new listings

With more homes to pick from, there are more chances for Broken Top listings to sell. The twelve month change in Broken Top home sales ending September 2023 is an increase of 135.7% at 33 homes versus the low in 2022 at 14. For a luxury community such as Broken Top, this is a difference of over $26,000,000 in sales volume.

Broken Top solds

Original blog can be read at Bend Premier Real Estate's website.

Dennis Neal
RE/MAX, Big Bear - Big Bear Lake, CA
Your Home Sold in 21 Days or We Sell It For Free

I love Oregon. It’s his looks like a great area

Oct 04, 2023 01:54 PM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Hi Dennis Neal . Bend is a wonderful area and Broken Top is one of its top luxury subdivisions.

Oct 04, 2023 01:58 PM
John Pusa
Glendale, CA

Hello Lynnea Miller very valuable detailed report for broken top real estate market trends. 

Oct 04, 2023 03:58 PM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent post.Thank you for sharing. Have a wonderful day and a blessed week.

Oct 05, 2023 02:55 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Lynnea... while prices might be down, Broken Top's home sales are more than holding their own.

Oct 05, 2023 04:48 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Excellent market report for Broken Top. I have to ask, though... How did Broken Top get it's name?

Oct 05, 2023 05:49 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Broken Top sounds like a great community and that view from the bedroom is special with the golf course outside the door.

Oct 05, 2023 07:11 AM
Lynnea Miller

Hi Ed (Edward) Silva, 203-206-0754 . The photo was from the bedroom of one of the homes my husband built in Broken Top; he built over 25 homes in the community.

Oct 05, 2023 09:21 AM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Hi Kat Palmiotti . Broken Top is one of the 7 Cascade Mountain Peaks easily seen in Bend.  The subdivision was named after the mountain, and the streets there were also named after geological features in the Cascades near us - i.e. Moraine Ct, Green Lakes Drive (one of my favorite hikes), Fall Creek, Devils Lake., etc.

Oct 05, 2023 09:19 AM
Kat Palmiotti

Ohhhh, that makes perfect sense Lynnea Miller !

Oct 05, 2023 10:07 AM