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REAL ESTATE NEWS | APR 2025

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REAL ESTATE NEWS | APR 2025

Three tall smokestacks with an American flag, framed by pink cherry blossoms against a clear blue sky.
Spring at the Old Mill District!
 
Happy Spring! Don't let headline news about the economy get you down if you own a home, because real estate values are increasing and remain a great diversification of your wealth. Read below for market numbers, investment ideas, property and neighborhood spotlights, coming soon listings and more. Drones in the air are just one more indicator of a busy Bend real estate market, as we can also see by these photographers,' inspectors' and appraisers' filling schedules. We're never too busy for you and hope to hear from you soon!
Bend's Real Estate Market Update
Bend Real Estate market update: Median price $748,000, 32 days on market, 445 active listings, 122 sold listings.
The Bend housing market saw a springtime surge in activity, with the median sale price for single-family homes rising to $748,000, up from $700,000. Closed sales jumped from 94 to 122, indicating renewed buyer confidence and market momentum. Homes also sold faster, with average days on market dropping to just 32 days, down from 45, showing strong demand heading into the warmer months.
 
Inventory held steady at 3 months, with 445 active listings giving buyers more options across a range of price points. However, new single-family building permits decreased to 31, down from 53 the previous month—possibly hinting at a short-term slowdown in new construction. Overall, Bend’s market remains balanced yet competitive, offering opportunity for both buyers ready to act and sellers looking to capitalize on current demand.
The Smart Investor’s Guide:
Buying a Home for Your College Student
Illustration highlighting rising college housing costs and the concept of equity as an investment, featuring a worried student and financial symbols.
My twins are seniors in high school so I'm obsessed with the cost of college, including off-campus housing starting second year (that's my face in the image above, ha!). This strategy could be a game-changer: buying a home for your child to live in during college—and renting out the extra rooms to their besties —as a housing solution and a long-term wealth-building opportunity.
 
Rather than sinking money into rent for 3 years, you’re putting those dollars toward a property that builds equity. By renting out extra bedrooms, you can offset the mortgage (or even cash flow!), all while giving your student safe and stable housing. If you get a loan, you could qualify for a rate that's the same as if it were your primary home. Other benefits are potential tax deductions and asset diversification - and your kid will be a hero by having a housing option for his or her friends!
 
After college graduation, you can continue to rent, sell for appreciation, or convert it into a short-term rental depending on location. Let’s talk about how to make it work. Ask me for a referral to a quality agent in any college town!
Is Luxury Real Estate the New Safe Haven?
Bar graph showing the share of $1 million+ homes among existing home sales, increasing from 5.0% in Feb 2023 to 7.6% in Feb 2025.
Graph showing the percentage of U.S. home listings over $1 million from 2017 to 2025, peaking around 13.6%.
With stock markets rattled by recent tariff announcements, luxury real estate may be emerging as a stable alternative for high-net-worth buyers. As equities slide, investors are looking for tangible, more reliable assets. According to Realtor.com’s Chief Economist, real estate offers shelter (literally and financially) in uncertain times.
 
The charts above show the share and number of $1M+ homes as a percentage of listed and sold homes. In Bend, it's common to see over 20% of homes in the $1M+ range.
 
While the economic outlook remains volatile or uncertain at best, affluent buyers are already shifting strategies. Staying informed and proactive could make the difference in today’s evolving high-end market. Read More here.
Property Spotlight: 363 SW Bluff Drive #403
Aerial view of a multi-story brick apartment building with landscaped grounds, surrounded by other buildings and trees.
Welcome to this luxury condo in The Plaza, a rare top-floor penthouse offering sweeping Cascade Mountain views and an unbeatable location in Bend’s vibrant Old Mill District. This luxurious 2-bed, 2-bath condo features cathedral ceilings, high end finishes, 2 dedicated & secure parking spots, a gym, and entertaining space with a full kitchen in the elegant lobby area. With walkability to shopping, dining, trails, and the Deschutes River, this home epitomizes elegance & a zero-maintenance, carefree lifestyle. Offered at $930,000. See all photos & more details here!
Real Estate Jargon Made Simple
Illustration of an earnest money deposit process: cash in hand, an escrow building, and a house being offered.
What is Earnest Money?
 
"The deposit that shows you’re serious."
Earnest money (EM) is a deposit a buyer makes to show they’re committed to purchasing a home and is part of the offer on a home. Usually, it ranges between 1-2% of the home's sale price. It's held in escrow and applied toward the down payment or closing costs. EM is typically refundable during the inspection period if a buyer backs out for a justified reason. While EM doesn't obligate a buyer to purchase a home, it does require the seller to take the property off of the market during the escrow period.
 
Ask for more details, and stay tuned for more real estate term breakdowns in our next newsletter!
Style & Spaces: Home Décor Trends You’ll Love
5 Things to Never Put on Living Room Shelves, According to Designers
A modern living room featuring white sofas, a fireplace, and built-in shelves with decorative items. A large artwork hangs above the fireplace.
They’re no-nos for a reason.
READ MORE...
Neighborhood Spotlight: Awbrey Park
Quiet, well kept community with parks & trail access
Ask me about 2 Upcoming Listings!
Discover the peaceful charm of Awbrey Park, one of my favorite neighborhoods in Bend. With wide, tree-lined streets, universally well kept homes, and direct access to Upper and Lower Sawyer Park's fields, playground & scenic trails, Awbrey Park is also very quiet since it's enclosed and not a pass-through area. If you value a friendly community, pride in property, and the outdoors, you'll love Awbrey Park.
Visit www.AvenirRealtyGroup.com to see more neighborhoods we love. What others would you like to see?
Sign for Awbrey Park surrounded by greenery and shrubs.
Avenir Realty's Latest Listings Activity
A large, elegant home set against a rocky landscape, featuring a spacious driveway and desert vegetation.
Just Listed!
Active (Laura)
$5,200,000
Aerial view of a large home surrounded by trees, featuring a circular driveway and a separate garage. Mountains are visible in the background.
New Price!
Active (Laura)
$2,720,000
A rustic cabin nestled among trees at the base of a rocky cliff, with a clear sky above.
Active (Traci & Laura)
$1,699,000
A spacious living room with high ceilings, wooden beams, leather sofas, and large windows. A modern kitchen is visible in the background.
New Price!
Active (Laura)
$1,679,000
A modern two-story house with a dark exterior, large glass garage door, and wooden accents. Stairs lead to the entrance on the side.
New Price!
Active (Laura)
$915,000
A cozy house with a wooden deck, surrounded by trees and a well-maintained lawn.
River Meadows
Active (Laura)
$695,000
A modern home surrounded by lush greenery, with warm lights glowing at dusk under a colorful sky.
SOLD (Laura)
$3,195,000
A spacious, modern home with a tiled roof, surrounded by landscaped greenery and mountains in the background.
Ranch at the Canyons
Active with Contingency (Traci & Laura)
$1,625,000
A spacious, modern kitchen and dining area with wooden beams, a large table, and colorful artwork on the walls.
Industrial Modern
Pending (Frank & Laura)
$619,000
A modern two-story house with a gray exterior, stone accents, and a welcoming front porch. Green lawn and driveway visible.
Stone Creek
SOLD (Laura)
$619,000
A modern two-story house surrounded by greenery and shrubs, with a clear blue sky in the background.
The Bridges
SOLD (Frank)
$595,000
A modern living space featuring a cozy seating area, dining table, and a kitchen with white cabinetry and a fireplace.
Remodeled Riverfront
SOLD (Frank)
$329,000
Modern two-story house with large windows, stone accents, and landscaped yard featuring trees and shrubs.
Coming Soon!
Awbrey Park
(Laura & Frank)
A two-story house with green siding, a brown shingle roof, and a front porch. It features a garage and landscaped bushes.
Coming Soon!
Awbrey Park
(Laura)
A cozy outdoor dining area with a table set for four, overlooking a river and lush greenery.
Coming Soon!
Riverfront Condo
(Laura)
A two-story house with light brown siding, white trim, and a small red bench at the entrance, surrounded by greenery and a clear blue sky.
Coming Soon!
The Bridges
(Frank)
A minimalist logo featuring a black diagonal line and a curved gray arc.
 
A logo featuring the word "REALTY" in bold letters, with a stylized arc above it, suggesting a modern real estate brand.
LOOKING FOR YOUR NEXT HOME?
Customize your own search here:
 
Local News
The best things to do in Bend for April
A kayaker navigates a river with rapids, surrounded by trees and a bridge in the background under a partly cloudy sky.
We’ve all felt decision paralysis when planning a vacation. Would you rather ski the snowy slopes of Mt. Bachelor or cast a line in the sparkling Deschutes? Does it sound ...
Biking with kids in Bend
A young girl rides a bike on a track, wearing a helmet and a purple jacket, smiling as she enjoys her ride.
It’s no secret — Bend is a great mountain bike city for all ages. Incorporated into the city’s many trail systems, as well as many of the parks around town, […]
Five Colorful Birds to View this Spring
A colorful bird pecks at a halved orange on a branch, surrounded by bare twigs.
Don't miss these stunning birds during spring migration…
Run Into Spring: The Salmon Run Returns for its 37th Year
A group of runners participating in an outdoor event, smiling and wearing race numbers, with tents in the background.
Shake off winter and sprint into spring with a beloved Bend running tradition
A woman in a black sleeveless top stands confidently by a staircase, smiling, with a modern interior and natural light in the background.
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. Laura Blossey, License 201204340, Avenir Realty.
 
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1051 NW Bond St., #410
Bend, OR 97703