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Market Conditions in Bend : Real Estate Advice

  • All174
  • Local Info19
  • Home Buying63
  • Home Selling9
  • Market Conditions13

Activity 18
Wed Jul 22, 2015
Ellie Korstad Anderson answered:
This home is 5122 sf. That is the square footage according to the County records. That is what is listed, and that is also what was measured the last time it was appraised in 2012. I am one of the Listing Agents on this property and sold it to the current owners in 2012. Please call if you have any questions or would like to see it. ... more
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Fri May 16, 2014
Jeff Zapko answered:
There's no reason to sign up for outdated websites that will charge you a monthly subscription in order to obtain information that is public record. There are plenty of sources to get this information for free. A Realtor is one. A title company is another.

Your best bet is to contact someone locally instead of taking advice from someone on the other side of the country promoting a subscription based website. If you need a referral to a Bend based Realtor, please let me know and I'd be happy to help.

Sincerely,

Jeff Zapko
503-341-2557
... more
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Mon May 5, 2014
Sean Barton answered:
If you look at the last 6 months with that size built in 2012 or newer, single family, stick built homes, under 1 acre, the average price per sq ft is around $151/ft. However, that is a broad area as Chip mentioned.

Lot's of fluctuation neighborhood to neighborhood, SW vs. SE, etc. and big difference in quality amongst builders in 97702 zip code.

Hope that helps!

Sean w/ Cascade Sotheby's International Realty
... more
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Wed Mar 26, 2014
Wendy Lowry asked:
This question was asked from http://www.trulia.com/property/3149087617-63135-NE-Beaufort-Ct-Bend-OR-97701
0 votes 0 Answers Share Flag
Fri Feb 28, 2014
Victoria Davis answered:
Hi Samuel,

To answer your question it depends on several things. One is the location. You can have a home in that range in Broken Top or perhaps on the east side of Bend. If you could be more specific on location then I could answer your question searching for sold properties in that area. ... more
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Fri Nov 1, 2013
Thesa Chambers answered:
Just to add to both of the good answers below - often times if you are searching Bend you are also pulling an area 15 to 25 miles south that we refer to as Three Rivers South - however it has a Bend address - which can leave the consumer thinking that all the homes in that area are for sale in Bend. ... more
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Sun Jul 21, 2013
Thesa Chambers answered:
so you ask about a property on 5 Iron however the link is on 9 Iron - the property on 9 Iron is across the street from the golf course - if you are looking at 5 iron it is on the golf course - Sunriver has a completely different market than Bend and golf course homes tend to have their own climate. I would be happy to assist you. ... more
0 votes 1 answer Share Flag
Tue Apr 24, 2012
Tom Inglesby answered:
Now is the time to buy in Bend with prices down and rates low. You didn't say the price range but if you are in the first time buyer market it is hot under $150,000 but the best deals are the higher end properties that might have dropped 50-60% or more. Good luck. ... more
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Tue Apr 24, 2012
Tom Inglesby answered:
French County if you can buy now with rates at 50 year lows you should consider the deals out there. If you need to buy land to build on in the future you can do that with residential lots off 70% or more and the upper end you will find deals that you could never replace the house for the price they are trying to give it away at so now is a great time spring of 2012. ... more
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Tue Apr 24, 2012
Tom Inglesby answered:
Here we are 2 plus years later and home values are still dropping. I would say sell now if you have not since values have not bottomed out at anything but the entry level price range under $150,000 range and I expect it to be flat with rates at 50 year lows and rates during an election year have in the past been flat but expect the rates to do something next spring 2013 and if they do they will be less affordable to new buyers. ... more
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Tue Apr 24, 2012
Tom Inglesby answered:
Bend was the leader of appreciation in 2005-7 in the nation and it is still trying to get back to where normal was in early 2000. The market dropped up to 50% depending on the price range. The entry level homes are selling quickly with many offers from investors and first time buyers under $175,000 with rates at 50 year lows and buyers now using IRA funds to buy and rent homes for cash flow it is really active out there. We will still have bank owned homes and foreclosures for the next few years and buyers are wise to these great deals as we see the market time of less than 2 weeks where investors on some Fannie May properties are excluded from offering until the house has been listed for a specific number of days like 15 or 16 days. And these homes sell in the short time frame. If you bought 10 years ago you are probably in good shape and if you want to reinvest to day you are in good shape since the home that sold for $375,000 in 2007 you can now buy for maybe $200-250,000 and rates at 50 year lows you might be able to reduce your payment or cash out and have a better house. Good luck and if you need a referral in Bend let me know? ... more
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Mon Jul 18, 2011
Bonnie Savickas answered:
There are many factors to consider before putting your home on the market in Bend.

1st when did you purchase this home? If you didn't buy at the height of the market you should do fine. Remember pricing is everything in this market and most buyers are looking for the ultimate deal - best not to chase the market down. Have your broker show you the facts - homes for sale vs homes sold - these numbers do not lie.

If you are considering buying another home in Bend - by all means this is a great time to buy. You will be buying low and best not to be buying to flip in this market. Strong areas for resale still remain Shevlin Pines and Northwest Crossing - seems to be where young families want to live. Another great area to invest in is Newport Market area and if I was looking to buy - great rental - close to downtown Bend and highly desirable. Bend was just named #2 for quickest recovery and it is due to our great outdoor living and variety of things to do as well as great restaurants and breweries - http://www.businessinsider.com/best-housing-markets-next-5-years-2011-7

Fact - the best agent is not always the one with the most listings or the one who has been around the longest, but the agent who LISTENS and pracitces open and honest feedback and communication - someone who works with you the seller as a TEAM! The goal is always to SELL your home, not just list it - be sure your broker is targeting the highest number of people . . . so make sure you list with a company that is highly invested in the internet as 97% of buyers are shopping here before even walking into our office.

Good Luck - there is no right or wrong answer - just what choice you feel is best for you - your needs are what is most important.

Bonnie Savickas, Broker
"Licensed in the State of Oregon"
... more
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Tue May 17, 2011
Susan Agli answered:
Bend Oregon Foreclosures drying up? Just for a limited time is what my sources are telling me. They said that the banks have gotten behind in their paperwork and we should expect more foreclosures this summer.

Susan Agli, Broker, SRES, ALHS
Coldwell Banker Morris Real Estate
Licensed in the State of Oregon
Serious About Real Estate. Serious About You
... more
0 votes 9 answers Share Flag
Sat Feb 5, 2011
Alma Kee answered:
From my point of view it appears that many of these "servicers" have been intentionally dragging out modifications and short sales and foreclosures so they can profit from the servicing fees.

I would think they are now at the point where they can't get away with this inferior service and are getting sued by the underlying investors. (They should be!) Fannie Mae and Freddie Mac are also finally clamping down on some of the abusive servicing practices by BofA and others.

We really need our "leaders" in the US to do something to spur demand for Real Estate so we can dig ourselves out of this mess. One way is to immediately allow immigration to higher net worth individuals and require a property purchase of a minimum $100k within 3 months or they get kicked back to their country of origin. That would allow more REO's to get gobbled up by the instant demand.
... more
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Sat Oct 9, 2010
Robert Page answered:
Which areas offer high growth potential? Too much variation and rapid change to make a valid prediction. Highly dependent on the towns that learn to attract and keep industry. Anywhere you look, neighborhoods with high pride of ownership, move-in ready, clean and updated homes typically outperform the rest of the market. Single story construction is preferred by many.

Where are "Tomorrow's Jobs" in Bend? What it should be is a resurgence in the Forest Products Industry, largely harvested from private lands and especially after locals learn to grow trees on irrigated plantations. Production facilities would produce a wide array of Engineered Wood Products. People would stop suing these companies because they came to understand they were consuming renewable and recyleable products manufactured using best practices from the beginning to end of the cycle.

What is the job growth in Bend? Very unpredictable as the area is very unfriendly to industry and is higly dependent on wealth generated from outside the area. We like to consume vast quantities of stuff but scoff at those who manufacture it. We need to relearn that we can make stuff better than most and do it with much less impact on Mother Earth than most of our human brothers and sisters on the globe. We can make it cheaper too if we re-learn free market concepts.

While seemingly simple questions you asked the real answer are hard to find but many people are finding they can now buy for much less than they can rent. That is an excellent sign, is tangible and is becoming more and more common. Every once in awhile folks can buy something half decent for less than a mid-sized car and that is defintely another good sign for those looking for a home.

The free market is at work here despite attempts to control it and if left mostly alone coupled with some wise local decisions concerning employment opportunities, all of Central Oregon will achieve the ability to gain and maintain long-term stability and growth...
... more
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Thu Sep 9, 2010
Faye Phillips answered:
Sandor, do you ever get over to Bend on a Friday? You might be interested in talking to other investors and getting a feel for what the market has to offer. I co-administer Central Oregon Real Estate Investors Club, a resource for the education and support of real estate investors. We meet Friday's from noon to 1:30 at Sunset Mortgage, 50 SW Bond, Suite 1. There is no cost for membership. We do not pool our money or investments; we are for education and support only. Please let me know if you have further questions. ... more
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Fri Apr 17, 2009
Susan Agli answered:
Bare land horse property in Bend, Tumalo and Alfalfa is not moving much. In the last year only one property sold that was more than 20 acres. That property was 265 acres and was on the market for over 800 days. The other bare land properties (4) which the MLS has records as sold after an average of 500 days on the market . Right now there are approximately 26 bare horse land properties on market. From the information I can gather it looks like the market hasn't changed much in the last 2 years with few sales. I would say if someone is in the market for horse property specifically in the Bend area you have quite a few choices and several different negotiating opportunities. If you are thinking of selling horse property I would interview several brokers and select someone with a good business/marketing plan to sell your property. And I would have my broker show me properties currently on the market to actually see what your competition looks like.
Susan Agli, Broker, SRES, ALHS
Coldwell Banker Morris Real Estate
Licensed in the State of Oregon
Serious About Real Estate. Serious About You.
... more
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Wed May 21, 2008
Caroline Sherrer answered:
Bend Or.
Sunriver Resort, which also has Caldera Springs resort, and Crosswater resort build a lot of high end homes....
Mt. BAchelor is 20 min. away from Bend..is close to 3 major cities..(3 hrs.) and within 6 hrs. to the beach..its a great high desert climate... ... more
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