What area / neighborhood of Bend will have the highest ROI if buying now and selling in 3 - 5 years?

Asked by Nathan Cox, High Growth, U.S.A. Thu Aug 9, 2007

Readers,

Which areas offer high growth potential? Where are "Tomorrow's Jobs" in Bend? What is the job growth in Bend?

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6
Wed May 21, 2008
Generally the West side is the most desirable.. The growth is limited due to the close proximity of Public lands, but the east is very nice and has better prices for nicer homes. It is a drier climate has you move closer to the east side, so depending on what you are interested in as far as trees and snow... it also gets a bit less snow. Most of the growth is on the East side and moving NE towards Redmond. Infact I believe Redmond is growing at a faster rate than Bend at this time due to the lower cost of housing.
The largest employers are St. Charles Hospital and Mt. Bachelor Ski resort. Starting to get some software companies and website developement Companies. Some outdoor good's website companies are also located here...
We have several links on our website that have additional Bend area info...
1 vote
Meg, Both Buyer And Seller, Oregon
Tue May 20, 2008
the northwest is the best area. You might pay more for a home there than you would in the other area but it's because it has the best school and best location, and therfore will have the highest re-sale value over time.
1 vote
Robert Page, Agent, Bend, OR
Sat Oct 9, 2010
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...
0 votes
jo, , Hollywood Hills, Los Angeles, CA
Fri Sep 17, 2010
My crystal ball just broke...Damn :( If anyone can answer that question for you, please have them contact me with California's lotto #'s for saturday.
0 votes
Faye Phillips, , Bend, OR
Fri Sep 17, 2010
Nathan,
I agree that the westside is considered the most desirable section of Bend, especially if withing walking distance to the Old Mill, downtown, etc. However, some investors from outside of the area have been purchasing in and around the River Rim neighborhood in the southwest section of Bend, with the anticipation of over 40% ROI in 5 years; 8% per year. They anticipate the first two years will be weak and expect the last three years to be stronger. Our local investment club, which I co-administer, stays informed on these topics.
0 votes
Pam Winterba…, Agent, Danville, VA
Thu Aug 9, 2007
Bend calls itself the outdoor recreation capitol of Oregon, where visitors and residents can literally ski in the morning and golf in the afternoon. Outdoor activities run the gamut, from hot air ballooning to hiking and other winter sports to relaxing fishing on glassy lakes.

Known as "the sunny side of Oregon", the Cascade mountains act as a protective buffer, giving Bend only 12 inches of precipitation per year, say officials. That compares to 42" for Portland, 36" for Seattle and 20" for San Francisco.

Bend has slowly changed its economy from wood products to tourism. A healthy dose of high tech, manufacturing, health care and professional services, is providing job growth which in turn is spurring housing.

"The Old Mill District is now the "hot spot" for retail merchants and many new craftsman style offices are springing up - mostly in the $1.50+/SF range. Westside Bend still outpaces the other areas in terms of "desirability" to builders. The new $30 million Summit High School in NW Bend is particularly attractive and indicative of our strong tax base. Lots for building new homes aren't plentiful, and prices for good lots are continuing to climb rapidly."
0 votes
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