All About Oregon Real Estate

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Prices Leveling Off The January 2024 Bend real estate market shows some stabilization. Although the average and median price per square foot are both up, the average and median sales price on sold homes comparing January 2024 to January 2023 show little movement. The issue most Bend home buyers are still dealing with is lack of inventory which provides few choices for people looking to purchase. Although mortgage interest rates have come down from the high rates pushing 8% seen last fall, they are still in the mid sixes which also impact the purchasing power for home buyers. When the January 2024 sales for Bend single family homes on less than an acre are compared with those from January 2023, the following changes can be seen: Average sales price down 1.9% to $842,669* Media...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Redmond Home Sales Dropped In 2023 Redmond has been among the best locations in Central Oregon for middle class homeowners to reside.  Situated only 20 minutes north of Bend on Hwy 97, Redmond has been a more affordable option for many looking to purchase in Central Oregon and its close proximity to Bend has made Redmond a town from which many who work in Bend can fairly easily commute.  Redmond experienced the same real estate market trends Bend did during the Covid pandemic with limited inventory and great demand pushing prices up. Low interest rates enabled many to purchase Redmond homes at lower prices than seen in Bend. However, when interest rates doubled in 2022, this greatly impacted the buying power of would-be Redmond homebuyers and in 2023, median home prices dropped in Redm...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The January, 2024 Bend Premier Real Estate Newsletter? Bend Home Sales Were Limited in 2024 Bang Bang Cauliflower January Home Maintenance and Safety Checklist Chasing Frozen Waterfalls in Central Oregon Achieving Your Homebuying Dreams in2024 Original blog can be read at Bend Premier Real Estate's blog page.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Real Estate Sales Were Limited In 2024 Probably the biggest challenge for Bend Home Sales in 2024 was mortgage interest rates. Mortgage rates started the year at 6.48% and ended the year at 6.62%. During the middle of the year, the mortgage rates rose to 7.79% which greatly limited the buying power for most Bend homebuyers who needed to finance in order to purchase. Home sales in Bend continued, but at a greatly reduced rate than experienced during Covid when mortgage rates under 4% were normal. High mortgage rates also kept many Bend home sellers from listing. The thought for many was why sell and give up a great mortgage rate of less than 4% to exchange to one over 7% on a different home? Many Central Oregon real estate brokers discovered that many listings were limited t...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Mt Bachelor Village Is One Of Bend's Oldest Resort Communities Envisioned in the early 1970's by Brooks Resources as a resort community to house vacationers wishing to ski at nearby Bachelor Butte (now known as Mt. Bachelor), the successful condominium development of Mt Bachelor Village has grown beyond the 1/5th fractional ownership initially offered to now provide for fully owned units, townhomes and single-family homes with a variety of amenities and views. Its location, within Bend's city limits but just off the road to Mt. Bachelor and the high Cascade Lakes, Mt Bachelor Village has offered full time homes, investment opportunities, and vacation homes to owners and renters alike for well over forty years. It continues to be a venue for retreats, weddings, gatherings and conference...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The December, 2023 Bend Premier Newsletter? Bend Home Sales Slow 5-Ingredient Peppermint Bark 7 Simple Steps to Prepare Your Home for Christmas Hike Paulina Falls at Newberry Crater Fall 2023 3 Reasons to Sell Your House Before the New Year Original blog can be read at Bend Premier Real Estate's blog page.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Tetherow Is A Premier Luxury Golf Resort Community In Bend The developer for Tetherow broke ground on the destination golf resort prior to the housing crisis of 2008. Initial lot sales were brisk, but once the great recession hit, sales dried up. The development sat with little activity until 2012 when lot sales, at a reduced price, started happening again. Over the past 11 years Tetherow has grown and become the destination resort initially envisioned with an active golf and social club, high end luxury homes and townhomes, a hotel, overnight rentals, three restaurants, and much more all adjacent to Bend's city limits on the road to Mt. Bachelor ski resort. It is truly one of Bend's success stories. Market Trends For Tetherow Homes Tetherow home prices have been among Bend's highest o...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Sales Slow There is a seasonal slow down experienced every fall for Bend real estate sales. When school starts, many would-be Bend home buyers focus on other things. While retirees and second home buyers may be active in early to mid fall, once Thanksgiving comes, the number of Bend real estate sales drop as both buyers and sellers tend to concentrate on holiday activities with home sales secondary to celebrating the season. In 2023, however, the annual slow down for Bend home sales typically seen in November was exceptional. When November of 2023 is compared with November of 2022, Bend single family home sales on less than an acre reflect the following: Average sales price up 3.5% to $859,650* Median sales price up 1% to $702,750 New listings down 26.1% to 82 Homes for sale ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
  Peter Skene Ogden Trail Is A Favorite Off Season Hike We have hiked from McCay Crossing to Paulina Falls multiple times, typically in the late fall and early spring when crowds are gone and snow accumulation is limited. We have always enjoyed the experience and have seen Paulina Creek and the numerous falls along the path in various stages of flow - spring run off, fall with lessened volume, and winter ice. Some of our favorite experiences have involved the ice, and we have named that experience "chasing frozen waterfalls." The hike we did 11-11-23 was in the fall after first snow, but after warmer temperatures had melted much of the snow in the lower elevations. We saw just a handful of people the entire day and our hike up and back was much faster than we experience when we have to ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's In The November, 2023 Bend Premier Newsletter? Bend Real Estate Sales Lacking Listings Brussel Sprout Slaw with Apples and Pecans 10 Tips to Help You Prepare for Thanksgiving Hike to Broken Top From Todd Lake The Benefits of Buying a Multi-Generational Home Original post can be read at Bend Premier Real Estate's website.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Oregon Real Estate Sales Lacking Listings The October 2023 figures for Bend single family home sales have been produced and lack of inventory appears to be a consistent problem. Inventory levels have dropped year over year as have pending sales and sold homes. Despite a rise in new listings, the overall Bend real estate market reflects an anemic number of sales with prices remaining high and high interest rates greatly impacting the buying power of would-be purchasers.  When October of 2023 is compared with October of 2022, Bend single family home sales show the following changes: Average sales price down 3% to $795,928* Median sales price up 7.6% to $731,500 New listings up 6.9% to 140 Homes for sale down 33.1% to 297 Pending sales down 8.9% to 102 Sold homes down 21% to 128 Aver...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Eagle Crest Is A Well Established Oregon Destination Golf Resort Community Begun in 1985, Eagle Crest is recognized by Oregon's Department of Land Conservation and Development as one of eight destination resorts in the state. There are three golf courses, spa facilities, two sports and fitness centers, three outdoor pools and one indoor pool, 13 miles of paved paths, hiking trails, and a conference center all within 1700 acres. A variety of housing is available at Eagle Crest with everything from large, luxury homes to condominiums with fractional ownership. There is even a 55 plus development within the subdivision. Eagle Crest Home Prices Have Stabilized Eagle Crest home prices for single family residences increased dramatically during Covid and into 2022. However, during the past tw...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
The Hike To Broken Top Is Among Central Oregon's Favorites People exploring the Three Sisters Wilderness can hike to Broken Top from multiple trailheads. Three Creeks to Tam McArthur Rim provides for a social trail past Broken Hand to Broken Top and No Name Lake. Hikers looking for more distance can start at the Green Lakes Trailhead and hike Soda Creek to join with the Broken Top trail. Most people will drive past Todd Lake on the poorly maintained road to the Broken Top trailhead (high clearance vehicles are recommended) and cut the distance to 5.5 miles and under 1500 feet of elevation gain. And there is a well defined trail starting at Todd Lake which creates a much longer hike through old growth forest to join with the Soda Creek Trail and then the Broken Top trail. Total distance...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Deschutes Riverwoods Home Prices Trending Down Deschutes Riverwoods has long been a Bend subdivision desired by those enjoying its proximity to the city (it abuts Bend's southern boundary), but the freedom of large lots without Homeowner's Associations or CC&Rs. Homes here range from single wide manufactured to luxury homes overlooking the Deschutes River. It is also a neighborhood in transition with more and more of the older mobile homes being replaced over time with stick-built single family.  Home prices have dropped in Deschutes Riverwoods over the past twelve months in comparison to the previous year. This could be due to the type of home being sold, or a general overall reduction in home prices as home sellers adjust their asking dollar to accommodate higher mortgage interest ra...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
We have hiked to Green Lakes multiple times. However, fewer hike this popular trail when the weather turns cold and cloudy. Our experience hiking to Green Lakes on 10-14-23 was the first we had this year. The trail passes to Green Lakes are so hard to get that if you are 30 seconds past 7 am on the US Forest Service website, you will be too late. Despite trying weekly all year, last Saturday, the last weekend of the year where passes are required, we finally obtained two.  The weather was cloudy and cool, and during our hike the expected "ring of fire" eclipse occurred, resulting in a drop in temperature and a darker sky. However, after that event, the rest of our hike up to Green Lakes was uneventful, outside of hitting more and more snow the higher we climbed. At the second log bridg...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
There Are More Bend High End Homes On The Market The Bend real estate market has been in transition since Covid ended, with the demand for homes remaining strong, but rising mortgage interest rates greatly impacting the buying power of would-be homebuyers.  It has been three months since we last looked at the Bend luxury homes. During this time, there have been changes with fewer new listings, more homes on the market, and fewer sales. All four categories we look at with high end home sales are up significantly with available inventory. We are pushing closer to a neutral market with the highest prices where there is 5 to 6 months of inventory. We are not there yet, but there has been significant change over the past twelve months where higher priced homes are slower to sell. Number Of ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
River's Edge Is An Established Bend Golf Course Community Located on Awbrey Butte's eastern flank, River's Edge Village was originally developed in 1987 along with the River's Edge Hotel and Convention Center and the first nine holes of the golf course.  The second nine holes of the course were built in 1992 and the next 200 homesites platted around this upper location of the development were released for individual purchase, creating a unique subdivision. Subsequent phases of River's Edge have been developed by Pahlisch Homes with the contemporary architecture that is popular in Bend today. The golf course was purchased by the neighborhood in 2022 and is a favored public course. Market Trends For River's Edge Single Family Home Sales Home prices are gradually increasing in River's Edg...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
In all the years we have lived in Central Oregon, we have never been to Clear Lake, much less hiked around it. Located off Hwy 126 just south of the junction with Hwy 20 in the Willamette National Forest, the Clear Lake trailhead is next to the parking lot of the Clear Lake Resort where cabins, fishing supplies, boats and kayaks are available for rent. We arrived early before the parking lot filled and started our hike along Clear Lake's western shore.  When we reached the southern edge of the lake, we took the cutoff trail to the Sahalie and Koosah Falls loop, which extended our hike and enabled us to view these beautiful waterfalls from the western side as well as the well known eastern viewpoints.  After completing the loop around the falls, we returned to Clear Lake and continued o...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's in the October, 2023 Bend Premier Newsletter? Bend Home Sales Down While Rate of Price Increase Drops Butternut Squash Soup Beginning with Pre-Approval Hike Pamelia Lake to Grizzly Mountain Explaining Today's Low Housing Supply Original blog can be read at Bend Premier Real Estate's website.  
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Brasada Ranch Is A Destination Luxury Resort Community  Developed prior to the housing crash of 2008, the first 200 homesites offered at Brasada Ranch sold out in a weekend. This special community offers three clubs - athletic, equestrian or golf - as well as privacy and panoramic views. While the development suffered as did all Central Oregon real estate during the great recession, Brasada Ranch came out of those challenging times stronger and with a great vision. It quickly became a very popular destination for many looking for a vacation home or a year-round residence offering the peace and tranquility of the high desert, while all the while enjoying three great active clubs and their amenities. The residents of Brasada Ranch believe as do the readers of Conde Nast Traveler that it ...
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