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REAL ESTATE NEWS | JUNE 2024

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REAL ESTATE NEWS | JUNE 2024

Boating at Clear Lake Resort
I hope your summer has been off to a wonderful start! I recommend paddle boarding at Hosmer Lake in early evening with no crowds or a hike at Meadow Camp or Dillon Falls before the day heats up. Clear Lake, Blue Pool, Sahalie Falls and Salt Creek Falls are worth the drive but it's also easy to stay within 15 minutes of town to get your nature fix. Summer concerts, Farmers Markets, and First Friday art walks are in full force! As for real estate, it's been joyful to help buyers and sellers get what and where they want. When people ask me about the market, my answer reflects this expert opinion: “It’s a very strange market, and it’s kind of hard to predict,” said Jeff Ostrowski, a housing analyst at Bankrate.com. More homes are on the market per seasonal trends, but we have more inventory now than we did a year ago. In certain price points, buyers are feeling more negotiating power due to having more options. As always, I'm here to help even if you're not currently looking to buy or sell. Our homes remain one of our most important assets so staying up to date on the market is a great way to ascertain how to manage this asset over time: buy, sell, hold or enjoy forever.
Market Update for Bend's 97703
Click the image at left to get customized
data for your own zip code
We're moving towards a Buyer's Market as inventory is up in Bend and across Central Oregon, threatening to bring prices down. However, the median LIST price for all of Bend is $1,000,000 this week! Wow!
Median days on the market is 49 - really not bad at all as long as you set expectations and price correctly from the outset.
Buyers aren't super motivated since rates remain above 7%. Expect negotiations at all price points.
Roundabout Revelations
Central Oregon's Spirals of Fun and Function
Bend : A Pioneer of Roundabouts
Bend is a city that embraced roundabouts early on. The first roundabout in Bend was constructed in 1999 at the single intersection of Century Drive and Colorado Avenue. Since then, Bend has continued to install roundabouts. After 25 years, Bend has over 50 roundabouts in the city and planning to add more in the coming years. These roundabouts are not only functional but also often feature artistic elements, contributing to Bend's unique aesthetic. (Photo by John Fleming/Visit Bend)
Sunriver: The Village Circles
Sunriver, a popular resort community south of Bend where roundabouts are locally referred to as "circles." There are eleven numbered circles in Sunriver, but you might notice an oddity: there is no Circle 8. The reason behind this absence remains a local mystery and a topic of playful speculation among residents and visitors.
(Photo by Sunriver Chamber of Commerce)
DO YOU KNOW YOUR
HOME WORTH?
Stay Up to Date on Market Trends
ex: Sunriver's median list price is currently $956,950
Local News
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Petersen Rock Garden & Museum
 
A fusion of nature and creativity Imagine strolling through a landscape where vibrant peacocks flaunt their colorful feathers and call out to each other amidst glimmering castles with moats and […]
Avenir Realty's Latest Real Estate Activity
LB: Laura Blossey. SS: Stephen Saunders.
TE: Traci Engel HB: Heather Blaine
AW: Amanda Wrenn. FW: Frank Wood,
AC: Angie Cox
click photos for more details
SOLD!!!
$980,000 (LB & AW)
Just Listed! (AC)
(3) 2 acre lots, Prineville
$70,000 ea.
 
Sold (Buyer) (LB)
$1,695,000
Active (LB)
$5,249,000
Active (LB & SS)
$1,895,000
Active (LB & TE)
$1,795,000
Active (LB)
$1,549,000
Active (LB)
$ 1,160,000
Active (FW)
$989,000
Price Reduced!
Active (SS)
$769,000
Active (SS)
$750,000
Active (FW & LB)
$599,990
Price Reduced!
Active (AW)
$399,000
Price Reduced!
Active (AW)
$375,000
Active (AC)
$329,000
Active (SS)
$290,000
PENDING (LB)
$785,000
SOLD (LB)
$680,000
SOLD (FW)
$419,000
LOOKING FOR YOUR NEXT HOME?
Customize your own search here:
Laura Blossey
Founder and Principal Broker
949-887-4377
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. LauraBlossey, 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