What's in the July 2023 Bend Premier Real Estate Newsletter?

• Bend Home Sales Reflect Mixed Results
• Iron Mountain Hike 2023
• Today's Housing Market is a Sweet Spot for Sellers
• The Bend Oregon Pet Parade
• The Benefits of Downsizing for Homeowners

Bend Single Family Home Sales Reflect Mixed Results

We have been tracking Bend home sales for many years. Bend has been in a seller's market since 2012, but the level to which the seller's market changed during Covid was beyond any we had seen before. Home prices skyrocketed with multiple offers driving sales and inventory levels dropping to two weeks at the peak of the pandemic. However, since last summer, the Bend real estate market has been in transition with rising mortgage interest rates the biggest contributor to the change. While high mortgage rates have greatly impacted the buying power of many home buyers, lack of inventory remains an issue. We had seen home price increases level off and even drop yea...

Click Here to Read More...

Bend Premier Real Estate is Pleased to Welcome Drue Ripp

Drue Ripp is a versatile and experienced real estate professional who understands the diverse needs of clients, whether they are in the process of growing their family or looking to downsize their home. With over 35 years of residency in Bend, Drue possesses a deep understanding of the local community, its amenities, and the real estate market.

As a devoted mother of three daughters, Drue has personal experience in finding a home that accommodates a growing family. She recognizes the importance of space, proximity to schools, and a family-friendly environment. Drue can offer valuable insights into the local school system, different neighborhoods suitable for families, and available amenities.

Additionally, Drue empathizes with clients who are looking to downsize their home. As her children have grown and she understands the desire for a more manageable living space without compromising comfort or life...

Click Here to Read More...

What's in the June 2023 Bend Premier Real Estate Newsletter?

• May Bend Home Sales Remain Mixed
• Watermelon Shrub
• Real Estate is Still Considered the Best Long Term Investment
• Tumalo Mountain June 2023
• Moving Now Can Give Your Home its Day in the Sun

 Bend Single Family Home Sales Figures Remain Mixed

The May 2023 Bend real estate sales have been published and reflect a market in transition. Inventory levels are growing, but a strong seller's market remains. High mortgage interest rates continue to impact buyer's purchasing power and while average home prices are down slightly, they are not at a level that would significantly affect most Bend home buyers. As we enter our summer peak selling season, the question on how mortgage rates and inventory levels will reflect in 2023 home sales will be answered.

When May 2023 Bend single family home sales on less than an acre are compared with those from May of 2022, the following changes can be noted:

• Average sales price down 3.1% to $861,432
• Median sales price up .8% to $746,250
• New listings down 26.7% to 222
• Homes for sale down 21.1% to 265
• Pending sales down 21.8% to 172

Click Here to Read More...