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REAL ESTATE NEWS | MAR 2025

Newsletters

REAL ESTATE NEWS | MAR 2025

 
Devil's Lake Thaw
 
From a Fool's Spring to a serious winter storm, March has been quite a ride for weather and headline news too. How will tariffs affect home prices? ($$$) Are buyers back? (yes) Are sellers finally ready to sell? (yes) But buyers are still slow, risk averse and often need to sell in order to buy - in fact, there are current 26 "Active with Contingency" offers on the MLS compared to only 2 during the first quarter last year. I can personally vouch for needing creative solutions some buyers after 3 straight days of successfully negotiating for one of my sellers. We also have a close network of lenders who have creative solutions to buy before you sell, maximize a 1031 Exchange, take advantage of first responder discounts that also include educators, medical staff, and more. Inventory will climb quickly in April and May, which will cause buyers to get excited about having more choices, and finally make a move. I'm excited for an action packed Spring! Reach out to see how we can think out of the box to make your real estate transaction come to fruition.
 
Bend's Real Estate Market Update
The Bend real estate market remains strong, with the median sale price adjusting to $700K, reflecting steady demand. Inventory levels have increased slightly to 3 months, with 353 active listings, creating more opportunities for buyers. Over the past year, 1,593 homes have sold, with the luxury market above $1M continuing to expand.
 
Homes are now selling in an average of 45 days, slightly faster than last month, showing ongoing buyer interest. With stable prices and increased inventory, the market remains balanced and healthy, offering great opportunities for both buyers and sellers.
Lululemon Strategy
I read that "Gentrification Tourism" is to plan trips around Lululemon locations because “they don’t just build them anywhere.”
 
How would you apply the Lululemon strategy to home buying? Only look close to trailheads? Only near a Thump/ favorite coffee shop? Near horse boarding facilities? What formula do you think would get you the highest return on your investment, or at least happiness quotient? My answer: trailheads. Like Lululemon, they don't just build them anywhere!
How Proposed Tariffs Could Impact Homebuyers
Proposed 25% tariffs on steel, aluminum, and lumber imports from Canada, Mexico, and China could increase home construction costs by thousands. Materials like appliances & plumbing components may also see price hikes, affecting affordability. Builders would likely pass costs onto buyers, potentially adding $3,000–$4,000 per home. Experts warn of slower construction, fewer homes, and rising prices due to material shortages & labor constraints. While aimed at boosting U.S. manufacturing, these tariffs could prolong housing affordability challenges. Despite these pressures, mortgage rates have dropped to 6.6%, encouraging an 11% rise in applications. More details here.
30 Ways to Sell Bend
It's Easy to Recruit Your Friends to Live Here Too!
Bend, Oregon: A City of Adventure, Culture, and Unique Charm
Bend is a vibrant city known for its stunning natural beauty, outdoor recreation, and rich culture. Touting over 300 days of sunshine (give or take!), it’s a paradise for adventurers, offering world-class skiing at Mt. Bachelor, rock climbing at Smith Rock, and river floating on the Deschutes. Bend is also a top destination for craft beer lovers, with over 20 breweries earning it the nickname "Beer Town USA." And don't' forget all the dog lovers!
 
Beyond outdoor fun, Bend has a thriving arts scene (BendFilm!), historic sites, and quirky landmarks, including the last Blockbuster Video store in the world. Whether you're a nature enthusiast, foodie, or history buff, Bend offers something for everyone. Read all 30 reasons to love Bend here ... and refer them us to help them buy a home! :)
Property Spotlight: 919 NW Roanoke Avenue
The Ultimate Westside Bend Home
Just steps from Downtown, Drake Park, top restaurants, and microbreweries, this sleek, energy-efficient home by Hiatus Homes features accordion doors that open to stunning Mt. Bachelor views, letting you check conditions before heading to the slopes. The open-concept design boasts a gourmet Bosch kitchen, vaulted ceilings, and flexible lower-level space for an office or guest suite.
Enjoy summer concerts at Hayden Homes Amphitheater, bike to the Old Mill District, and relax on your private deck. Turn-key furnishings available & no HOA dues! See all photos & more details here!
Real Estate Jargon Made Simple
What is a 1031 Exchange?
A 1031 Exchange is a tax-deferral strategy that allows real estate investors to sell a property and reinvest the proceeds into a “like-kind” property—all while deferring capital gains taxes. This is a great tool for investors looking to grow their portfolios without an immediate tax burden.
 
For first-time homebuyers, terms like this might seem complex, but understanding them can help you make smarter real estate decisions. 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
11 Gray Bedroom Ideas to Inspire Your Tranquil Sanctuary
Transform your space with the versatile neutral—from paint, to wallpaper, to drapes, to duvets in the cozy hue
Realtor Spotlight: Traci Engel
With a deep passion for Central Oregon real estate, Traci brings a wealth of experience in luxury homes, investment properties, and relocations. With a background as a paralegal and HOA Manager, she has market expertise, strategic negotiation skills & dedication to client success which make her a trusted guide in Bend’s dynamic housing market. Whether you're buying or selling, Traci’s personalized approach ensures a seamless experience.
Learn more about Traci here!
Neighborhood Spotlight: Awbrey Glen
Serenity Meets Sophistication
Experience the understated elegance of Awbrey Glen, a gated golf community on Bend’s West Side, where luxury meets tranquility. Nestled among towering pines and scenic fairways, this prestigious neighborhood offers a peaceful retreat with stunning natural surroundings. Residents enjoy a vibrant lifestyle with optional golf memberships, access to a pool, tennis courts, fine dining, and community events. Whether you're drawn to the relaxing ambiance or the active social scene, Awbrey Glen is a place to call home.
Visit www.AvenirRealtyGroup.com to see more neighborhoods we love. What others would you like to see?
Avenir Realty's Latest Listings Activity
Riverfront Condo
Coming Soon (Laura)
under $1,000,000
Active (Laura)
$2, 770,000
Active (Traci & Laura)
$1,795,000
Active (Laura)
$1,700,000
River Meadows
Active (Laura)
$695,000
Active (Frank)
$309,000
Pending (Laura)
$3,195,000
Ranch at the Canyons
Pending (Traci & Laura)
$1,625,000
Industrial Modern
Pending (Frank & Laura)
$619,000
Stone Creek
Pending (Laura)
$619,000
Pending (Frank)
$595,000
Remodeled Riverfront
Pending (Frank)
$329,000
Local News
The best spring experiences in Bend, Oregon
Springtime in Bend feels like anything’s possible. Surfing and skiing all in one day? Heck yeah! Blue skies and t-shirts for your afternoon hike, followed by moonlight snowshoeing?
Winter mountain biking in Bend
Keep rolling through the chill When the snow flies in Bend, it’s tempting to think Central Oregon mountain bikers are finished for the winter, waiting for the spring thaw.
Wanna get away? Oregon staycations come with wet weather, roadway delays to kick off spring break
The first weekend of spring break is looking damp. But snow across the passes should taper off by the end of the weekend.
Six tips for preparing your home for a spring sale
Spring is in the air – and it's not too late for owners to put their property on the market in the next few weeks to capitalize on buyers' renewed enthusiasm and optimism at this time of year.
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