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Market Conditions in Bend : Real Estate Advice

  • All172
  • Local Info19
  • Home Buying63
  • Home Selling8
  • Market Conditions13

Activity 13
Wed Jul 22, 2015
Laura Blossey and Natalie Vandenborn answered:
Yes, the 3755 square feet was correctly listed in the MLS, so it's always best to check with a realtor to verify facts and get all of the details on the home. This home was sold in 2012. Please let me know if I can help with any additional information or help you find a comparable home. ... more
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Tue Apr 24, 2012
Ladd Group answered:
The property values dropped sharply until about 2010 at which point they began stabilizing. 2011 showed a mean price decrease but it was heavily skewed by foreclosure sales in the lower price bracket. 2012 is showing price increases. The lower end is crazy right now with less than a month of inventory in comparision to the 30 plus months just two years ago. Most entry level homes are getting multiple offers and that is creating liquidty throughout the price brackets and all price categories are starting to break free. Contact me on my website and I can send you more detailed info. ... more
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Mon Jul 18, 2011
Sergio Hernandez answered:
The Real Estate Market recovery in general is directly linked to the condition of the national economy, which if you have been keeping track, is not in the best shape and not getting better anytime soon, thanks to a lack of real leadership in Washington, DC.

Bad economy = minimal (if any) job growth

Poor job growth means people don't spend money and if consumers don't spend, real estate doesn't sell and inventory levels grow, further suppressing property values.

I wouldn't hold my breath waiting for the recovery, so you may want to seriously consider selling now.
... more
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Sat Feb 5, 2011
Bill Eckler answered:
B of A's showing signs of seeing the light but the fat remains that only time will tell if the effort is legit!
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Tue Apr 24, 2012
Julian Drakeford 5127515996 answered:
All real estate is local so don't pay attention to CNN. Talk to a local realtor to understand whats going on in your market. Part of the realtors job is to interpret market conditions. You might consider talking to more than one so you get a consensus. ... more
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Thu Sep 9, 2010
Thesa Chambers answered:
Sandor;
There are a lot of great investment properties, The RMLS does not have all the listings of this area - so what you might get from the rmls market action report will be less than accurate. The Central Oregon MLS does have some similar reports, tell me a little about what you are looking for such as price or area and I would be happy to provide you with a report, showing you the accurate information. ... more
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Tue May 17, 2011
Lana Lavenbarg answered:
No - there is a huge number of foreclosures banks have been holding off completing. If you look at the inventory - just in the paper alone you can see there are still a large number of properties going into foreclosure. ... more
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Tue Apr 24, 2012
Thesa Chambers answered:
I find the below answer almost comical - there is a lot of great info in it... D.I.A.L is a great tool and Trulia as great as it can be tends to not have current and accurate information for Deschutes County. The buyer below tells you that REALTORS(R) are out for themselves but sends you to a website for an agent. You can avoid the agent completely by going to www.centraloregonrealtors.com and you can input the mls number there too.

You say you are thinking of moving to Bend - often times this is a more general statement than some people realize - are you thinking of Bend or near Bend -

Statistics are changing everyday and although we still have a lot of bank owned properties on the market and we fully expect to see more they are leveling out. We are starting to see more resales (homes that are owner occupied and not in trouble) than we have seen in awhile.

Are we at the bottom - that just depends on the property - the neighborhood and you. Just because another home on the street may sell for less than you buy today does that mean you paid too much? It depends on the home.

I have seen multiple offers coming in on homes, quicker sales and price reductions that bring in buyers.

Appraiser issues are not quiet what the buyer below is referring to - what is happening - in my last 22 sales only once has an appraisal not come in to support the purchase price and it was only $1000 low.

Bend is a great area, my suggestion to you is get on an automatic email list for the search criteria that fits your needs - watch the market - know the market and have the agent include solds - this way you can know exactly what is happening with the homes in an area or similar to your needs are going for. I would be happy to set that up for you without any obligation.
... more
0 votes 8 answers Share Flag
Thu Mar 7, 2013
Dirk Knudsen answered:
Bend is making a come back. It is slow but you can see that the market is at the bottom. Buyers are coming in. It does not matter if this is land, homes, condos, farms etc... it all fell and it is all going to come back. Farms and Ranches are always in shortage and Oregon's zoning is so tough that much of our land here is not buildable. This has not changed.

Get in the Game Ken. This is the time to be in the market.

That is my advice.

Best wishes;

Dirk Knudsen
Re/Max Hall of Fame
503-799-8383
... more
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Fri Feb 28, 2014
Jackie Christensen answered:
According to the most recent data, the average price per square foot of a home that sits on less than an acre in Bend Oregon is... Active listings - $369.89 per SF, Contingent - $296.14 per SF, Pending - $235.42 per SF, & Sold in the last year - $264.31. I could also give you informationon homes with acreage if you are interested. Go to our company website and you can email me from there. ... more
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Tue Apr 24, 2012
Thom Gardner- Bend, OR Broker answered:
NO NO NO!!!!! It is NOT the time to build for resale. The reason we are having such a tough time over here is that we are SOOOO Overbuilt. It's simply supply and demand. Way, way, way too much supply. Everybody and his uncle thought he could make a killing over here building, but too many folks had the same idea. Homes are not selling, and yet the big developers are STILL building. They will lose their shorts (some already are)- don't you lose yours! There is a new 200+ development going in off Butler Market (Mirada), with homes from 189k, well below everything else now. And, the Brookswood area is real trouble, development after development of empty homes. Take a drive through River Rim, or Rennaisance Ridge, or Copper Canyon, or any of the newer developments there, and count the number of empty, long term empty, homes. There are oodles and oodles of empty homes out there, and they will get gone, but not until the building stops. This is our biggest problem right now, and though I would love to sell you some bare land, I would feel guilty for doing so if your purpose was to build for profit, as such an outcome in a market where homes are now sitting for an average of 8-10 months on the market (higher in some brackets, for instance, in Redmond the new absorption numbers show a 4-500k house taking 41 months to sell!). Having said all that, I would also recommend that, if you DO get the urge to do so, the best market here is Sisters, with Bend next, but I would avoid all others until this settles as far as spec building is concerned. Redmond, Prineville, Sunriver and LaPine have all fallen off the proiverbial cliff in the last couple of months. Bend went down first, and appears to be levelling off first, but the developers are killing the recovery for the moment. I have the sales numbers on the Statistics page of my website- ThomGardner.com if you want to take a look. January's are there, and I will upload Feb's in a few days. It is not pretty, and I can tell you that Feb's look substantially worse. ... more
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Wed May 21, 2008
ian cockburn answered:
Go to UTAH!!
Also go to Jackson Hole...properties are moving out there, but Salt Lake City has a serious industrial basis such as Micron Technologies, great skiing, and educated population. ... more
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Sat Oct 9, 2010
Pam Winterbauer answered:
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."
... more
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