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REAL ESTATE NEWS | DECEMBER 2023

Newsletters

a beautiful homemade Christmas wreath
My homemade wreath with a donation to The Assistance League for their guidance
 
Happy Holidays! Festivities are in full force in Central Oregon and I'm going all out with wreath making parties (results above), gift exchanges, dinners, art walks and an outing for Santa Paws (see below), and real estate is happening too! My open houses have been busy with serious local and out of town buyers, and scheduled showings are picking up which makes me very hopeful for 2024. Mortgage rates are declining which is the best news we could hope for to get buyers turn their wish lists into offers. 'Tis also the season for charitable giving, and I'm pleased to donate on your behalf to very worthy local organizations. Read below about the recipients, and I encourage everyone to support your favorite local non-profits which will boost your own spirits too!
 
Thank you for your referrals and rave reviews throughout the year. You are what makes my business successful, and for that I am so grateful. Please let me know how - or who - I can continue to serve in real estate this coming year!
 
 
“Mortgage rates continued to slide this week, falling to the lowest level since September, thanks to the investors’ interpretation of the latest economic data,” said Orphe Divounguy, senior macroeconomist at Zillow Home Loans. “On one hand, labor market data showed hiring remains stable and layoffs remain low. On the other hand, job openings fell to their lowest level since March 2021 – indicating that a slowdown in economic activity could be underway.
 
Current MLS Data: it's all in the zip code. Click the ALTOS graph below to find out the stats in your zip code or anywhere in the U.S., or ask me for an analysis of any other Central OR location.
All Bend (97701, -02, -03)
Active: 422
Median Price: $850,000
DOM: 103
 
Bend 97702
Active: 181
Median Price: $749,900
DOM: 82
 
Bend 97703
Active: 125
Median Price: $1,335,000
DOM: 103
Summary: Bend current inventory has decreased slightly but overall has been staying level at a 2 months' supply. Technically, these supply levels indicate a Seller’s market so it is likely that the downward pricing pressure will remain light or variable. Prices continue to fall a bit, but they remain well above 2020 and 2021. Nationwide, it's typical to see 30-35% of listings with price decreases. Today in Bend, 46% of current listings have decreased their prices, likely from starting too high and trying to lure reluctant buyers this winter. Remember you can click the report, enter your own zip code of interest, and subscribe for regular updates.
 
As we embrace the festive spirit of Christmas, I am delighted to share the heartwarming news of our charitable giving on behalf of our wonderful clients. This year, we had the privilege of supporting organizations that embody the true essence of sharing, giving, and charity.
 
Featuring the 20th Annual Bend Film festival and a beautiful acreage property in Bend with horses, farm animals, privacy and Cascade Mountain views.
 
Watch it here.
Relevant Real Estate Articles
 
If you had your eye on a house or neighborhood in a certain price point but weren’t able to borrow enough for a loan, your luck may change in 2024.
 
 
In 2024, Zillow economists predict home buyers will have more options and a bit more affordability breathing room — but only a bit — after the inventory crunch and mortgage rates rising to 20-year highs were this year’s headline news items.
 
Advantages of buying during winter
If your company is transferring you, or you've decided it's time to make a fresh start elsewhere, you'll be among the thousands of Americans who begin searching for a new property at this time of year.
...
Eight reasons to sell this winter
There are some great reasons to sell your home during the winter, whether that's by necessity or choice.
Check out these seven top tips that weigh up the advantages and challenges of selling at this time of year.
...
Avenir Realty's Latest Real Estate Activity
(LB: Laura Blossey. SS: Stephen Saunders. TE: Traci Engel. MA: Mitch Albertson.)
click photos for more details
Active (LB)
$3,500,000
Active (LB)
$2,395,000
Active (LB)
$1,299,950
Active (LB)
$1,250,000
(2 homes on 1 lot)
Active (TE)
$925,000
 
Active (TE & LB)
$499,000
Vista Meadows
Pending (LB)
$ 938,000
SOLD (LB & SS)
$ 800,000
Happy Holidays from the
Blossey Kids & Dogs!
 
My kids took Pax, Willow & Woodrow to visit Santa! The "Santa Paws" event benefitted the Tower Theatre Education Foundation and gave us lot of laughs too. :)
Laura Blossey
Founder and Principal Broker
 
Lic# 201204340
All information deemed reliable but not guaranteed. If your property is listed with a real estate broker, this is not a solicitation of brokerage services. Laura Blossey, License 201204340, Avenir Realty.
 
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Serving all of Central Oregon, we specialize in sellers and buyers looking to downsize for retirement, move into a larger home, or a home with closer proximity to trails, rivers, or local amenities.

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Avenir Realty

(949) 887-4377

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1051 NW Bond St., #410
Bend, OR 97703