Leave a Message

Thank you for your message. We will be in touch with you shortly.

REAL ESTATE NEWS | JULY 2025

Newsletters

REAL ESTATE NEWS | JULY 2025

 
Bend's beloved Pet Parade - Bend Bulletin
Summer in Bend is the best, whether you love all the lively festivals and concerts or quiet outings like a meditative nook along a river, an outdoor piano concert, gardening or cooking Farmer's Market bounty at home. Real estate is slower than usual, with inventory climbing and prices dropping. There are currently 311 pending homes in Bend, so buyers are buying, but it's not as many as we want to see. See below for detailed market statistics, as well as a top job strength report, updating zoning laws, and expansion at the Old Mill District. Check out a new listing in Juniper Preserve, real estate jargon, neighborhoods, listings and more. Enjoy where you live... or ask for our help to move! :)
Bend Real Estate Market Snapshot
After a springtime surge, Bend’s housing market showed signs of cooling in June. The median sale price for single-family homes dropped to $693,000, the lowest since February 2024 ($682,000). 53% of active listings have had price reductions. While sales increased overall to 166 transactions, only 18% were over $1 million—down from 34% in April. The market now sits at a 5-month inventory supply, reflecting an expanding pool of listings, which hasn’t been this robust in over a decade. Inventory is currently 11 months for homes with a list price over $1.8M - there just aren't enough buyers to get these homes sold as quickly as sellers would like.
 
At the same time, median days on market ticked up to 24, indicating buyers are taking a bit more time to make decisions. New building permits also pulled back to 48 from 78 in April, suggesting some builders are tapping the brakes. Despite the price drop, consistent activity and rising inventory signal a more balanced market—providing new opportunities for patient buyers and realistic sellers. As we enter the height of the summer selling season, eyes will be on whether this balance holds.
Bend Tops the Nation for Job Market Strength
Bend, Oregon has claimed the top spot for the strongest job market in the U.S., according to SmartAsset. With a low 3.1% unemployment rate and a remarkable 44.2% income growth over three years, the city’s economic outlook is both resilient and promising. A short 16-minute average commute and 26.9% of residents working remotely also reflect the area's accessibility and flexibility in employment.
 
This booming job market reinforces what locals already know—Bend is an ideal place to live, work, and invest. Its economic strength supports a resilient housing market and continued demand across multiple sectors.
Read more about it here.
Big Housing News in Bend: Zoning Updates Approved!
 
The Bend City Council has passed a set of new housing code updates designed to increase housing options and support more flexible living arrangements. The changes include allowing row houses in existing neighborhoods, two accessory dwelling units (ADUs) per lot—up to 800 sq ft and 500 sq ft—and permitting second kitchens in homes. These updates are aimed at easing the housing shortage, supporting multi-generational living, and boosting rental potential.
 
This is a big win for smart growth and housing affordability in Bend.
Old Mill District Set for Major Expansion
 
Big changes are coming to Bend’s Old Mill District, with a major redevelopment plan now in motion. This multi-phase project will bring 350 new housing units, a large public park, expanded retail space, and a new roundabout to improve traffic flow. The 16-acre site—currently a parking area—will transform into a walkable, vibrant community hub just steps from the Deschutes River.
This development isn’t just growth—it’s a reinvestment in Bend’s livability and lifestyle. Learn more about the project here.
Property Spotlight: 65885 Pronghorn Estates Dr.
Experience elevated living at this stunning estate in the exclusive Juniper Reserve community. This 3-bed, 3.5-bath home offers refined finishes, a chef’s kitchen, and seamless indoor-outdoor flow with panoramic views of the Jack Nicklaus Signature Course and surrounding high desert landscape. Enjoy private resort access, including golf, spa, dining, and trails. Perfect as a luxury retreat or full-time residence, this home pairs natural beauty with sophisticated amenities.Offered at $1,790,000. See all photos & more details here!
Real Estate Jargon Made Simple
BUY DOWN: The shortcut to lower payments—at least for a while!
 
A mortgage buydown is when you (or sometimes the seller or builder) pay upfront fees to temporarily lower your interest rate, often for the first few years of your loan. This means smaller monthly payments early on—perfect if you're budgeting for moving costs or want time to grow into your mortgage.
 
Think of it as giving yourself a financial breather at the start of homeownership. Just be sure to plan ahead for when the rate returns to normal!
Neighborhood Spotlight: Summit West
Bend’s Gateway to Adventure and Serenity
As one of Bend’s west side neighborhoods, Summit West offers the best of both worlds—access to outdoor adventure and the comfort of established community living. Just minutes from parks, trails, and schools, this scenic neighborhood is perfect for those who love to bike, hike, and explore. With beautiful homes, wide-open views, and close proximity to Phil’s Trail, Shevlin Park, Discovery Park and Compass Park, Summit West blends tranquility with convenience in true Central Oregon style.
 
Visit www.AvenirRealtyGroup.com to see more neighborhoods we love. What others would you like to see?
Avenir Realty's Latest Listings Activity
Active
$5,495,000
 
Active
$5,200,000
NE Bend
Active
$2,450,000.
Active
$1,649,000
SE Bend
Active
$1,589,000
Active
$1,319,000
Oregon Coast:
Active
$1,195,000
Active
$895,000
Active
$665,000
Active
$849,000
Pending
$999,000
Pending
$995,000
Home + ADU
SOLD
$1,050,000
Downtown Bend
SOLD
$925,000
SOLD
$910,000
Local News
The best things to do in Bend for summer
Ask 100 people to describe Bend and roughly 90 or so will wax poetic about hiking some sun-dappled trail by a lake. Or maybe they’ll describe dancing in the grass […]
Seven souvenirs from your Bend adventure
There are Bend souvenirs, and there are BEND SOUVENIRS. The first camp includes the ol’ standbys like a Bend ballcap or a soy candle with high desert scents, and #nojudgment—we […]
Meet the B.C.D., Bend’s funkiest new neighborhood
At some point on almost any trip to Bend chances are high you’ll end up wandering around downtown and the Old Mill District. But did you know there’s a new […].
Things to do in Bend on a Budget
Let’s be real—Bend knows how to tempt you to open your wallet. One minute you’re grabbing brunch, and the next you’re signing up for a guided fly fishing trip, eyeing […]
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.
 
This email was sent to • View Online • Unsubscribe • Powered by ActivePipe, a MoxiWorks Product
Equal Housing Opportunity

ActivePipe Message ID: 3169518

Work With Us

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.

Contact Us
Get in Touch
Contact Details

Avenir Realty

(949) 887-4377

[email protected]



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