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REAL ESTATE NEWS | APR 2025

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REAL ESTATE NEWS | APR 2025

 
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
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
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?
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
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
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
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?
Avenir Realty's Latest Listings Activity
Just Listed!
Active (Laura)
$5,200,000
New Price!
Active (Laura)
$2,720,000
Active (Traci & Laura)
$1,699,000
New Price!
Active (Laura)
$1,679,000
New Price!
Active (Laura)
$915,000
River Meadows
Active (Laura)
$695,000
SOLD (Laura)
$3,195,000
Ranch at the Canyons
Active with Contingency (Traci & Laura)
$1,625,000
Industrial Modern
Pending (Frank & Laura)
$619,000
Stone Creek
SOLD (Laura)
$619,000
The Bridges
SOLD (Frank)
$595,000
Remodeled Riverfront
SOLD (Frank)
$329,000
Coming Soon!
Awbrey Park
(Laura & Frank)
Coming Soon!
Awbrey Park
(Laura)
Coming Soon!
Riverfront Condo
(Laura)
Coming Soon!
The Bridges
(Frank)
 
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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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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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(949) 887-4377

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