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REAL ESTATE NEWS | AUG 2025

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REAL ESTATE NEWS | AUG 2025

 
The Lumineers at Hayden Homes Amphitheater
 
If you haven't been to a summer concert in Bend, there's still time! I had a blast with my kids at the Lumineers and took this photo from the very front. I got in a family hike at Blue Pool and we're creating our must do items before the kids leave for college. What's on your summer bucket list? See the articles below for more ideas. In the real estate world, follow my Instagram page for insights like criteria for home insurance premiums, market activity and more. Read below for a median market snapshot plus a link for activity at higher price points like in 97703. Jay Powell delivers hope and a resulting stock market boost and mortgage rate drop. Finally! In spite of national news that real estate sales are the weakest they've been in 10 years, Avenir Realty has been running strong with a slew of new pending transactions as well as several recent closings. What can we do for you?
Bend Real Estate Market Snapshot
The Bend single-family residential (SFR) market saw inventory dip slightly in July, moving from 5 months in June to 4.5 months. This shift reflects steady buyer demand alongside a seasonal slowdown in new listings.
 
The median sale price held steady at $750,000, nearly identical to July 2024’s $749,000. Despite mortgage rate fluctuations, the mid-to-luxury segment continues to show resilience, with 25% of sales closing at $1 million or more. Homes remain well-positioned to sell, with median days on market holding steady at 21–24 days. Note that higher price points tell a different story with a median of 84 days on market.
 
On a broader scale, from Inman's Markets & Economy article, summer sales nationally have slowed to their weakest pace in a decade, underscoring how affordability challenges and cautious buyers are shaping the season. Bend reflects some of these headwinds, particularly in the 97703 ZIP code where according to Altos Market Report, 56% of active listings have seen price reductions. This signals increased flexibility from sellers and potential opportunity for buyers.
 
Overall, Bend’s housing market remains relatively balanced. Sellers in certain price brackets are still benefiting from solid demand, while well-prepared buyers may find negotiating room, especially in neighborhoods where price adjustments are becoming more common.
Jerome Powell speaks ... and Markets Rejoice
Ok, "rejoice" may be a bit exuberant, but that's how I felt when mortgage rates hit a YTD low of 6.52% after our Fed Chair gave hints of a Federal rate cut coming in September. We're officially in stagflation, with higher than desired unemployment (4.2%) and core inflation (3.1%) rates, and while markets give a September interest rate cut a 90-94% probably, Powell still uses terms like "cautious" and "shifting balance of risks."
 
But I'm a half glass full kind of gal and remain ... exuberant!... that Buyers will have better affordability and greater purchasing power. Sellers will enjoy higher demand as Buyers come back to the table.
How Soon Can You Refinance After Buying a Home?
Refinancing can be a smart move if you’re looking to lower your interest rate, change your loan terms, or tap into home equity, but how soon you can do it depends on your loan type and lender rules. Some conventional (conforming) loans allow you to refinance immediately, while others may require a 6–12 month wait. Jumbo loans often follow lender-specific guidelines, and government-backed loans like FHA, VA, and USDA have longer and stricter timelines. Cash-out refinances typically require both a waiting period and at least 20% equity in your home.
 
If you’ve recently refinanced, you can technically do it again, as long as you meet your lender’s timeline and the math works in your favor. Refinancing makes sense when mortgage rates drop, your credit score improves, or you want to switch to a fixed-rate loan, shorten your term, or get rid of private mortgage insurance. But remember: timing is just one piece of the puzzle. Always analyze ROI, weighin the upfront costs against your long-term savings before making the move.
Property Spotlight: 2582 NW 1st Street
Coming Soon!
Perched above the Deschutes River Trail, this Westside Bend home offers panoramic river views, seamless indoor-outdoor living, and direct access to Bend’s best recreation. The open great room and chef’s kitchen with island seating and a spacious pantry are designed for both comfort and entertaining, while guest suites on both levels, an office nook, and a luxurious primary suite with a hot tub deck ensure everyone has their own retreat. Tiered patios, a fire pit, and sweeping vistas set the stage for gatherings—or simply relaxing with nature as your backdrop—plus a front-row view of the annual Pilot Butte fireworks. With a 3-car garage, oversized driveway, and easy access to parks, downtown, and river floats, this home perfectly captures the Bend lifestyle.
View walkthrough video here!
Real Estate Jargon Made Simple
APPRAISAL GAP: “When the value doesn’t match the offer.”
 
An appraisal gap happens when the price a buyer offers on a home is higher than the appraised value determined by a professional appraiser. Since lenders base mortgage amounts on the appraised value, not the offer price, this gap can create a financing shortfall. The buyer is often expected to pay the difference out of pocket unless the seller is willing to adjust the price... which in this market may be the case.
 
An appraisal gap may also happen if a bidding war occurs (like one of my current transactions). Buyers should know their limits and consider how much they’re willing to cover if this happens.
Neighborhood Spotlight: Miller Heights
Tree-Lined Living in the Heart of Bend's West Side
Miller Heights is one of Bend’s most inviting neighborhoods, tucked just south of Overturf Park and within easy walking distance to the Galveston Corridor, Drake Park, and Westside favorites like trails, cafes, and off-leash dog parks. Known for its tree-lined streets and peaceful atmosphere, this River West community blends charm and convenience in a truly enviable way. Homes here often showcase the timeless Craftsman style, and are a mix of original late '90s finishes and completely remodeled. Residents enjoy the best of both worlds—quiet, leafy surroundings paired with close access to Bend’s vibrant amenities.
 
Visit www.AvenirRealtyGroup.com to see more neighborhoods we love. What others would you like to see?
Avenir Realty's Latest Listings Activity
Price Reduced!
Active
$4,999,999
 
Price Reduced!
Active
$1,784,000
Active
$1,649,000
Oregon Coast:
Active
$1,195,000
62nd Street, Redmond
Active
$899,000
Active
$895,000
Price Reduced!
Active
$829,000
Active
$665,000
Coming Soon!
Condo at The Plaza
 
SE Bend
Pending
$1,589,000
Pending
$1,319,000
Spruce Ave Redmond
Closed (Buyer)
$1,350,000
Butterfield Trail
Closed (Buyer)
$840,000
SOLD
$999,000
SOLD
$995,000
Local News
The best spots for river view dining in Bend
Nothing takes a meal from “nice” to “whoa!” like a pristine river weaving past restaurant windows. Lucky for you, we have such a river in Bend, with award-winning eateries angled […]
Mountain Biking Alternatives to the McKenzie River Trail
If you read the magazines and websites, you know that the McKenzie River Trail (McKRT) about 50 miles northwest of Bend gets lots of accolades—some even say it’s the “Best […]
Bend Film Fest is Fast Approaching
Never been to the film festival before? Don’t let the unknowns keep you from enjoying a great film filed weekend in October! Read our blog post: A beginners guide to the Bend Film Festival: Everything you need to know to navigate it like a pro! And make sure you mark your calendar, you don’t want to miss it! [...]
OSU-Cascades Launches National Search for Main Developer for Future Innovation District
(The future innovation district is envisioned to provide opportunities that advance research, commercial innovations and student experiential learning through collaborations with companies in industries that represent [...]
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