Wednesday, June 27, 2012

April 2012 Home Price Index Climbs

The Bend Bulletin, Bend, Oregon's local news paper reported that the Nations largest cities price index increased over March after seven consecutive months of decline. 

The Standard & Poor's/Case Shiller index increased 1.3 percent month over month but was still down 1.9 percent from April of last year. 

It's my opinion that the month to month numbers are not as important as the year to year figures.  That being said it's encouraging that prices were only down 1.9% from last year.  That tells me that our real estate market is bottoming out nation wide.

Bend Oregon real estate is now a good buy with prices down over 50% from the boom years.  Once more people start selling their homes nation wide they will start to move to Bend and we will see our prices start going up.

It looks like now is the time to buy a home in Bend before the word is out that our prices are going up.  To search homes currently for sale in Bend click on this LINK.

Tuesday, June 26, 2012

New Home Sales Increasing

Sales of newly constructed homes rose 7.6% according to the U.S. Department of Commerce.  This is the highest level in more than two years.  There have been 114 new homes sold in Bend, Oregon within the last 12 months.  Here's a LINK to new homes currently for sale in Bend.

Nationally, there were 369,000 new homes sold last month.  That is 19.8 percent more than the same month last year.  Of course that's still far below new homes sales in the boom years.

Home sales in Bend are picking up but there are still lots of buyers waiting in the wings.  Our last two listings that are still in escrow pending closing had multiple offers and sold for more than full price.  Homes that are priced right are selling quickly.

In the past few years you could always buy a used home for less than you could buy a new one or have it built.  That's changing now which is another sign that our Bend Oregon Real Estate market is probably bottoming out this summer.

If you are looking to buy or sell a home in Bend contact us.  We are a family owned business selling homes in Bend for over 3 decades.

Saturday, June 16, 2012

Bend’s Median Home Price Rises

Published: June 16. 2012 4:00AM PST Bend Bulletin

The median price for a single-family home last month in Bend rose to $234,000, the highest level in more than three years, according to a report released Friday by the Bratton Appraisal Group.

Bend’s median home price has seesawed — rising for several months, then declining for several — for much of the last three years, according to the Bratton Report. But it has not climbed near the $234,000 mark since the beginning of 2009, when it was $233,000. The report showed 173 single-family homes sold last month in Bend, about the same number of sales in both April and March.

The median price in Redmond last month reached $126,000, and 56 single-family homes were sold, according to the report.

Thursday, June 14, 2012

Broken Top Homes for Sale

Here's a link to all Broken Top Homes for Sale.  Broken Top is a premier golf course community in Bend, Oregon.  It is a gated community with 24 hour security guard at the entrance.  It has a private golf course and quality homes in a beautiful forested setting.

It features a quality restaurant overlooking a picturesque lake with  Mount Bachelor in the background.  The restaurant is now open to the public.  For more information go to our web site featuring Broken Top.

Broken Top You Tube Video

Monday, June 11, 2012

Bend Oregon Riverfront Homes are Rare

I just did a market analysis for a client on homes in Bend, Oregon that are on the Deschutes River.  There were only 16 currently for sale and 4 of those were over $1,000,000.  One was priced at a cool $2.8 million!

Most of those homes were older homes built in the 60s, 70s and 80s.  There were not riverfront lots for sale at that time.  If you are looking for Bend Oregon riverfront homes try our web site.  We feature all homes that are currently for sale through the Central Oregon Multiple Listing Service.

Sunday, June 10, 2012

Awbrey Butte Homes for Sale

Awbrey Butte has a lot going for it.  It's close to downtown Bend.  It's close to Mt. Bachelor which has great powder for snow boarding and skiing.  It has large treed lots up to 1 acre or more.  The west side of Awbrey Butte has some of the best Cascade Mountain Views in Central Oregon. 

There are two golf courses at the base of the butte and Central Oregon Community College as well.  Plus, Oregon State University - Cascades is offering more and more 4 year degrees.  Someday it will be a full blown college campus.

Awbrey Butte offers some of the nicest real estate in Bend Oregon.  There was a home sold there in 2006 for $2,673,000.  There has been only one home sold over $1 Million within the last year.  Awbrey Butte prices are about one half of what they were in 2006.

Which means now is a good time to buy a home on Awbrey Butte.  As of this posting there were 19 homes for sale starting at $375,000.  A recent analysis I did on the Butte showed prices were down 4% in the last year.  However, I think that is coming to an end this summer.

There are still 4 homes for sale over $1 Million and prices jump over $500,000 pretty quickly.  Whether you are thinking of buying or selling contact us today.  We specialize in the sale of quality homes in Bend, Oregon.

Thursday, June 7, 2012

The 2012 Sisters Rodeo

Well, it's that time of year again.  The 2012 Sisters Rodeo is under way!  It started Wednesday and continues with Les Schwab Family night on Friday, June 8.  It starts at 7 p.m. and children 12 and under are free.

Saturday, June 9th has the Rodeo parade at 9:30 a.m. The afternoon Rodeo Performance 1 p.m. and the evening Rodeo Performance 7 p.m. 

Sunday, June 10th starts with a Buckaroo Breakfast from 7-11 a.m.  The cowboy church service starts at 9 a.m. and the final rodeo performance starts a 1 p.m. 

Put on your Wrangler jeans, your big belt buckle, your cowboy boots and your Stetson hat and come on down for the72nd Annual Sisters Rodeo in Sisters, Oregon.   If you are looking for real estate in Bend or Sisters start your search at Bend Oregon Real Estate Expert.

Bend Oregon Farmers Market 2012

The Bend Farmers market started it's 2012 season this past Wednesday.  The Markets are held downtown from 3 to 7 p.m. on Wednesdays through the middle of October and at St. Charles Medical Center from 2 to 6 p.m. Fridays through late September.

Bend Farmers Market is Oregon’s leading farm direct marketplace.  It brings together growers and producers with people who hunger for fresh, local, healthful foods and agricultural goods. It occurs twice a week at two locations mentioned above. They have continued to reach out to the community as the first farmers market in Oregon to launch a Farm to School program.

Working with the Bend–LaPine School District their products are being incorporated into the school lunch program.  Students are learning about nutrition and healthy eating and experiencing a deeper connection to food sources through farm visits, gardening and recycling programs.

Local farmers also benefit from access to a new market and the opportunity to educate kids about local food and agriculture.  You know what they say.  "Buy local."  Just another reason to live and own a home in Bend, Oregon.

Monday, June 4, 2012

Summit High Wins 10 State Championships

Congratulations to Bend Oregon's Summit High for winning ten state championships this year.  They won class 5A titles in Boys cross country, Girls cross country, boys swimming, girls swimming, boys track and field, girls track and field, boys tennis, girls tennis and girls golf.

Summit High School is one of the many reasons buyers of homes in Bend are moving to the west side.  West side homes are a little more expensive than the east side but some people are willing to pay the price.  If you are thinking of buying Bend Oregon real estate give us a call at Bend Oregon Real Estate Expert.

Friday, June 1, 2012

Short Sales Are Increasing

The Bend Bulletin reported the number of homes sales in the United States via short sale hit a 3 year high in the first quarter of 2012.  It was up 25 percent from a year earlier according to the report.  Short sales made up 12 percent of all residential sales according to the report.

A few years ago we were advising our clients to avoid short sales.  After the market crash in October 2008 lenders were not easy to work with on their short sales.  They really did not know what they were doing.  I would takes months only to have the bank refuse to allow the sale.

Short sales are where the current owner owes the bank more than the market value of the home.  The bank essentially has to take the loss.  After several years of foreclosures the banks have figured out it is easier and cheaper to approve a short sale at market value than it is to go thru the expensive process of a foreclosure and end up with a home that is possibly damaged either buy a disgruntled home owner or by vandals or frozen plumbing.

Bend Oregon Short sales are also on the rise.  Now that the banks are approving short sale more readily we are working with our clients to find good values in today's market which seems to be hitting bottom. Bank foreclosures are also a good avenue to a good buy.  Owners are also lowering their prices to compete with distressed properties.