Posts with tag 'Central Oregon Real Estate'
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July
15
15
Central Oregon Real Estate Market Trends - 2nd Quarter 2024
Central Oregon Market Trends 2nd Quarter 2024
The Central Oregon real estate 2024 market trends for most of the major urban areas continue to reflect a seller's market in 2nd quarter, although that has changed in La Pine where inventory levels at 7.4 months reflect a buyer's market; Powell Butte and Madras are in a balanced market at 6 months. Although still in a seller's market, inventory is at a level in Bend that hasn't been seen since July, 2015 when the average home price was $391,000 and mortgage interest rates were at 4%.* With more inventory, days on market have also ticked up, but well priced homes can still sell quickly and multiple offers can happen. Bend, Redmond and Sunriver are showing strong upward trends in all categories (the only exception for Bend is the number of homes sold) with home prices, listings, inventory levels and days on market all rising. As we move into 3rd quarter, we expect mortgage interest rates may drop, which could enable more home buyers to afford a Central Oregon home.*Data from Central Oregon MLS, July, 2024.
July
15
15
Why Your Asking Price Matters Even More Right Now
If you're thinking about selling your house, here's something you really need to know. Even though it's still a seller's market today, you can't pick just any price for your listing.
While home prices are still appreciating in most areas, they're climbing at a slower pace because higher mortgage rates are putting a squeeze on
July
11
11
Bend Premier Real Estate | July 2024 Newsletter
What's in the July 2024 Bend Premier Newsletter?
- Bend Home Prices Up As Are Inventory Levels
- Filipino BBQ Pork Skewers
- 9 Tips to Keep Your Home Cool Without AC
- Maxwell Butte Trail
- Things to Avoid After Applying For a Mortgage
June
24
24
Hike Tumalo Mountain for Stunning Cascade Mountain Views
The Hike to Tumalo Mountain Still Has Snow 6-22-24
After a winter which had good snowfall, hiking into the high Cascades has been delayed due to the snow accumulation. However, the warm days experienced over the past week have aided snow melt. Last Saturday, June 22, 2024, enough snow had melted on Tumalo Mountain to enable hikers to walk the 1450 feet of elevation gain in two miles from the trailhead to the top. It appeared as if half the time the trail was covered by snow, but it was fairly easy to follow the route until the last 1/2 mile; GPS helped navigate this as did microspikes over ice.The hike up Tumalo Mountain is only 2 miles, but the views from the top toward South and Middle Sister, Broken Top, and Mt Bachelor can be spectacular. For those who take the hike early in the day, often the only people at the top are those in your group. Tumalo Mountain is a great way to begin the summer hiking in the Cascades.
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May
30
30
The Biggest Mistakes Buyers are Making Today
Buyers face challenges in any market – and today's is no different. With higher mortgage rates and rising prices, plus the limited supply of homes for sale, there's a lot to consider.