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.

Monday, May 28, 2012

Real Estate Sales Picking Up in Bend Oregon

We just sold one of our listings after it had been listed for three days.  We also sold another listing the first week.  This is not uncommon for homes that are priced right.  Multiple offers are common.  The last sale had two offers on it and sold for over full price.

The last research I did showed home prices up 3% from the previous year.  Bank foreclosures are becoming fewer and fewer.  There are still good buys out there but they are becoming harder to come by.  Now is the time to buy whether you are an investor or a home owner.  Bend Oregon real estate is a great investment.