Lesley Snider has Joined Bend Premier Real Estate

Lesley draws from a background in advocacy and a commitment to ongoing education and brings essential skills in customer service, problem-solving, and communication to every transaction. Whether a client is seeking to purchase a dream home or looking to sell, she is dedicated to understanding their unique needs and providing seamless guidance every step of the way. Embracing technology and supported by a network of experienced professionals, Lesley ensures her client's experience is both cutting-edge and client-centered. She welcomes new clients making Central Oregon their home. 

What's In the January, 2024 Bend Premier Real Estate Newsletter?

• Bend Home Prices Leveling Off
• Chocolate Covered Tuxedo Strawberries
• The Best Things to Do in Bend During February
• Jack Lake to Three Fingered Jack
• Winning Plays

Bend Home Prices Leveling Off

The January 2024 Bend real estate market shows some stabilization. Although the average and median price per square foot are both up, the average and median sales price on sold homes comparing January 2024 to January 2023 show little movement. The issue most Bend home buyers are still dealing with is lack of inventory which provides few choices for people looking to purchase. Although mortgage interest rates have come down from the high rates pushing 8% seen last fall, they are still in the mid sixes which also impact the purchasing power for home buyers.

When the January 2024 sales for Bend single family homes on less than an acre are compared with those from January 2023, the following changes can be seen:

• Average sales price down 1.9% to $842,669*
• Median sales price up 1.5% to $699,950
• New listings down 14.7% to 99
• Homes for sale down 28.4% to 204

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Bend Real Estate Sales Were Limited in 2024

Probably the biggest challenge for Bend Home Sales in 2024 was mortgage interest rates. Mortgage rates started the year at 6.48% and ended the year at 6.62%. During the middle of the year, the mortgage rates rose to 7.79% which greatly limited the buying power for most Bend homebuyers who needed to finance in order to purchase. Home sales in Bend continued, but at a greatly reduced rate than experienced during Covid when mortgage rates under 4% were normal.

High mortgage rates also kept many Bend home sellers from listing. The thought for many was why sell and give up a great mortgage rate of less than 4% to exchange to one over 7% on a different home? Many Central Oregon real estate brokers discovered that many listings were limited to just those who had to sell for a job tra...

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Mt Bachelor Village is One of Bend's Oldest Resort Communities

Envisioned in the early 1970's by Brooks Resources as a resort community to house vacationers wishing to ski at nearby Bachelor Butte (now known as Mt. Bachelor), the successful condominium development of Mt Bachelor Village has grown beyond the 1/5th fractional ownership initially offered to now provide for fully owned units, townhomes and single-family homes with a variety of amenities and views. Its location, within Bend's city limits but just off the road to Mt. Bachelor and the high Cascade Lakes, Mt Bachelor Village has offered full time homes, investment opportunities, and vacation homes to owners and renters alike for well over forty years. It continues to be a venue for retreats, weddings, gatherings and conferences. 

Due to its variety of offerings - everything from 1/5 interest condominiums to luxury single-family homes overlooking the Deschutes River, Mt Bachelor Village has a unique sales...

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