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REAL ESTATE NEWS | JUNE 2025

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REAL ESTATE NEWS | JUNE 2025

Magical Evening with Wanderlust Tours
Summer in Bend is off to an amazing start, kicking off for me personally with my twins' graduation from Summit High School, one of my favorite concerts ever at Hayden Homes Amphitheater, microbreweries with out of town visitors, and serene walks along the river trail. Real estate is off to a slower start, however, with the highest inventory in a decade, yet some surprising homes are still going pending within a week which is making realtors a little crazy with the uncertainty! Read on for a market update, average first time home buyer stats, a lovely nature break, property & neighborhood spotlights, the Big Butte Challenge and more! Then relish the weather and get out and have some fun!
Bend Real Estate Market Snapshot
 
Bend’s housing market took a notable turn in May, with inventory climbing to a 4.75-month supply—the highest level in more than a decade. This shift marks a significant move toward a more balanced market, offering buyers greater choice and leverage. The median sale price for single-family homes was $772,000, a modest increase over May 2024’s $753,000, though down from the peak seen in April.
 
While luxury sales remained strong—30% of May closings were over $1 million—homes are taking longer to sell, with median days on market rising to 22 days compared to just 10 days a year ago. Additionally, new building permits fell to 49, down from April's 78, signaling potential caution among builders. All signs suggest Bend is transitioning out of its overheated pandemic-era frenzy into a more stable, opportunity-rich environment.
 
Source: The Beacon Report – June 2025
38 Years Old?!
The national average age of first time buyers is 38 years old, up from 29 in 1980. This is sad to me since homeownership is directly tied to building wealth, and with this statistic current 18 year old high school graduates won't be on this wealth-building track for another 20 years. My advice to my kids is always to save early - and contribute often - for a down payment, diversify your wealth, and live under your means until you can safely move up in your lifestyle. Renting just contributes to your landlord's wealth, so make a plan!
And now, a break for Nature...
Every once in a while, we’re reminded just how close nature lives to us here in Bend. This serene moment was captured outside Studio Nine30, where a mama deer paused to nurse her fawn—right outside the windows of the dental office.
🌿🦌 Check out this short video clip below which reflects the calm and care that Dr. Matthew Engel and his team bring to their patients every day. Thanks for sharing, Traci Engel! Learn more about Studio Nine30 here
📈 Mortgage Applications Surge:
Lenders are busy! Purchase demand rose 10% for the week and 20% year-over-year, while refinance activity increased 16% weekly and 28% annually, according to the Mortgage Bankers Association. Even with rates hovering at 6.93%, buyers and homeowners are clearly re-engaging, likely encouraged by more listings and the seasonal market upswing.
 
We’re seeing a similar trend here in Bend, where inventory is at its highest level in over a decade—and buyers are responding. The summer market is officially heating up.
- More details here.
Property Spotlight: 56680 & 56688 Lunar Drive
Discover a rare opportunity to own a 1.5-acre luxury Sunriver estate on the Deschutes River—complete with a private boat slip, 9-hole putting green, wine cellar, and RV garage. Thoughtfully designed for multi-generational living, this gated retreat features panoramic river views, elegant interiors, and resort-style outdoor living just 20 minutes from Mt. Bachelor. Offered at $5,495,000. See all photos & more details here!
 
Let's Go! Who wants to do the Big Butte Challenge with me, one Butte - and beer - at a time?
 
The 5th Annual Big Butte Challenge Returns May 23–October 1 Read More...
Real Estate Jargon Made Simple
What is a "Seller Carry?"
We used to think of seller-carried financing, aka a "seller carry," for buyers with low credit due to a recent short sale, lack of employment history, or other financing challenges. Buyers would pay a higher rate but get to buy the house. Today, sellers may offer to carry the loan (i.e. act like the bank) to incentivize buyers with a below market interest rate. For example, on a $1,000,000 home, the seller may finance $800,000 at 5% amortized over 30 years, but with a balloon payment due in 3 years. Please ask me for details, I love this stuff!
Neighborhood Spotlight: River West
Bend’s Most Beloved Crossroads
Located in between the Galveston corridor, historic downtown and NWX, River West blends old charm with walkable convenience to all things fun in the West side. Locals love its easy access to Drake Park, 10 Barrel, Namaspa & Newport Market. With a mix of craftsman-style homes, mid-century gems, and new homes with ADUs, the neighborhood offers something for everyone—whether you’re a cyclist, foodie, or shopper.
 
Visit www.AvenirRealtyGroup.com to see more neighborhoods we love. What others would you like to see?
Avenir Realty's Latest Listings Activity
New Listing!
Active
$5,495,000
 
Active
$5,200,000
NE Bend
Active
$2,450,000.
Active
$1,649,000
SE Bend
Active
$1,589,000
Price Reduced!
Active
$1,319,000
Home + ADU
Active
$1,180,000
Active
$999,000
New Listing!
Woodside Ranch
$995,000
New Listing!
Northwest Crossing
Active
$895,000
Three Rivers South
Active
$699,000
Turn Key Walkability
Active
$849,000
Downtown Bend
Pending
$945,000
Pending
$930,000
SOLD
$585,000
Ranch at the Canyons
SOLD
$1,625,000
SOLD
$1,490,000
SOLD
$985,000
Local News
The best things to do in Bend for June
Buckle up, buttercups! June in Bend brings all the activities to get all of us happily skipping down hiking trails and bobbing in colorful river tubes. Warm temps in our […]
Where to eat with a group in Bend
Looking for a place to eat with your team or 15 of your best friends and family? Some places in Bend are better suited than others when it comes to […]
A 25,000-Acre Forest Restoration Project
Work in Deschutes National Forest near Sisters is expected to begin next year and continue for 14 years
Bend Could Soon Allow Rowhouses & Multiple ADUs
Property owners may be allowed two accessory dwelling units.
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