REAL ESTATE NEWS | MAY 2024

Newsletters

REAL ESTATE NEWS | MAY 2024

A clear river winds between rocky banks and tall evergreen trees.

 
River bordered by green trees and golden hills beneath a partly cloudy sky.
Metolius River
 
Memorial Day is upon us, a welcome leap into the summer mindset! This mindset typically includes a call to action for real estate activity: in a telling sign, photographers and stagers are now booked weeks out so be sure to plan in advance! Mortgage interest rates declined for the third straight week in a row to below 7%, but read below for a better perspective than just focusing on rates (in my humble opinion). Bend's feeder markets are hot, which could result in stronger buyer activity in Bend. Stay up to date on staging, home valuation and market trends, and relevant local news. Book your concert tickets asap for Hayden Homes Amphitheater impressive summer line up. What are your summer plans? Stay in touch and let's get out to enjoy our beautiful Central Oregon together!
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
An illustration balances work, represented by money and a briefcase, against life, represented by health and time.
A focus solely on the mortgage rate puts buyers at risk of foregoing important goals like relocating for a better job, moving to a climate that's better for health reasons, rightsizing for families, etc. Yes, rates & price are important in the short run but a long term outlook should prioritize other intangibles around quality of life, as well as a focus on building equity.
 
Financially, buyers will do well investing in their own equity with an estimate of over 6% increase in price in 2024 for Deschutes County - Core Logic. Ask me for a home equity calculator to see how your home investment will grow over 10 years.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Price Increases in our feeder markets could increase buyer activity in Bend.
 
"San Jose, San Francisco, Los Angeles Leading The Country In Q1, Boosted From A.I. Jobs Spike" - World Property Journal
 
San Jose's median price of $1.84 million is up 13.7% from a year ago. Other pricey markets included Anaheim, San Francisco, San Diego, and LA - Mortgage Professional America
 
I also have first-hand accounts of 10+ offers on homes in Seattle and Portland. Those sellers will be our buyers!
Modern glass-fronted homes above a rocky coast, turquoise sea, and sandy beach.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Month-over-Month Market Data for Bend
Please note that this data is for April, and the MLS states a $707,000 median price compared to this median sale price below for April. Ask me for longer range and up to the minute stats as we evaluate your home. Days on the market for the median price decreased to only 16 days. List prices are rising, so the sold prices will follow suit in the summer months ahead.
Median Sale Price
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Man with short dark hair in a gray crew-neck shirt, facing the camera against a dark background.
$602,000
$765,000 last month
 
New Listings
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Up arrow
17
12 last month
 
Average Sale Price
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Man with short dark hair in a gray crew-neck shirt, facing the camera against a dark background.
$673,250
$780,290 last month
 
List vs Sold Price
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Up arrow
102%
97% last month
 
 
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Two living rooms: a traditional wood-paneled space above a bright, neutral room with tall windows.
Top Seller Tips: ROI for Upfront Efforts
 
  • Pre-Listing Home inspection, along with the required Home Energy Score. Overcome objections and repair negotiations by addressing any issues up front. In a recent listing, the buyer waived the home inspection after reading the report and seeing repairs completed!
  • Staging: buyers will see how they want to live in a home. A range of sources tout a 1%-5% increase in sales price due to staging as well as reduced time on the market.
  • Paint and Landscaping: I've seen some great examples of a bathroom, laundry & dining room refresh with a very small painting budget. Fresh mulch and flowers improves curb appeal and the ever-important first photos.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
April 2024 real estate market dashboard showing seller's market metrics and a map of Bend.
Low Inventory, Fast Sales, and Rising Prices
 
Mortgage Rates Dip for Second Week, Offering Hope to Homebuyers
 
Good news for homebuyers: the average 30-year mortgage rate fell to 7.02%, down from 7.09% last week. While still high compared to last year, this decrease offers some relief in a tight housing market. Could this be the break buyers need to finally find their dream home?
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
"Mixing Mocktails" event at The Flamingo Room
Thanks for joining us!
Adults gather around a candlelit table as two men address the group in a plant-filled café.
Adults share dinner around a candlelit wooden table in a restaurant.
Avenir Realty promotes a zero-proof mocktail event at the Flamingo Room on May 21.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Avenir Realty flyer offering a home valuation, with a modern house, QR code, website, and phone number.
DO YOU KNOW YOUR
HOME WORTH?
 
Avenir Realty graphic promoting a real estate research subscription with homes, listings, coin stacks, and a market chart.
Stay Up to Date on Market Trends
ex: Bend's median list price is currently $1,115,000
 
 
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Local News
Bedroom refresh to celebrate new season
A man vacuums a bright bedroom as two people look at their phones in the foreground.
With spring on the doorstep, there is no better time to bring this refreshing new season inside your home; and the bedroom is a great place to start.
Portland 1 of only 6 large US cities where wages are keeping up with rent
City skyline above autumn trees, with distant mountains beneath a pastel sunset sky.
Since 2019, rent prices have surged 30.4%, while wages have risen 20.2%, according to a recent Zillow analysis.
Rock on: Summer concert season kicks off tonight at Bend’s Hayden Homes Amphitheater with LCD Soundsystem
Aerial view of an event venue beside a river, with a crowd gathered outside.
Welcome warmer weather is getting more people outdoors across the High Desert, for a variety of fun activities - including concerts, of course.
See one of Oregon’s ‘7 wonders’ from the steepest gondola ride is North America
Cable car above a forested mountain valley, with a rocky peak and distant water.
Oregon is home to the steepest four-person gondola ride in North America, according to Travel Oregon, and the seasonal, 3,700-foot lift is set to reopen on May 18.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Avenir Realty's Latest Real Estate Activity
LB: Laura Blossey. SS: Stephen Saunders.
TE: Traci Engel HB: Heather Blaine
AW: Amanda Wrenn. FW: Frank Wood,
click photos for more details
Yellow two-story house with a wraparound porch and prominent stone chimney among leafy trees.
Just Listed!
$750,00 (SS)
Backyard patio with a paved terrace, dining set, string lights, and mature trees beside a beige two-story home.
Just Listed!
$849,000 (SS)
Two-story blue-gray house with a stone facade and covered front porch.
Just Listed!
$399,000 (AW)
Green gabled house behind a chain-link fence, with a lawn, patio seating, and mature trees.
SOLD!
$795,000 (TE)
Hillside home with a broad raised deck, central staircase, red chairs, and three-car garage.
PENDING (LB & AW)
$995,000
Gray-sided house with a timber-covered porch, wooden front door, attached garage, and landscaped entry.
PENDING (FW)
$419,000
Brown house with a two-car garage, stone accents, and timber porch among tall pine trees.
Price Improvement!
Active (LB)
$680,000
Large stucco and stone home with tiled roofs, framed by rocky high-desert hills.
Active (LB)
$5,249,000
Gray home and broad driveway, with a town and distant mountains beyond.
Active (LB & SS)
$1,895,000
Red sandstone formations and a wooden cabin reflected in a pond at golden hour.
Active (LB & TE)
$1,795,000
Mountain home with a broad deck and pergola, surrounded by pines and overlooking a valley and snow-capped peaks.
Price Improvement!
Active (LB)
$1,549,000
Modern single-story home with a dark roof, landscaped yard, and distant snow-covered mountain view.
Active (LB)
$ 1,160,000
Modern two-story townhomes with fenced lawns and a paved walkway.
Active (AW)
$412,000
Aerial view of rural homes beside a broad green field, with evergreen forest and snow-capped mountains beyond.
Active (SS)
$290,000
Avenir Realty
LOOKING FOR YOUR NEXT HOME?
Customize your own search here:
 
 
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Blonde woman in a blue patterned blouse standing beside a stone wall and metal railing.
Laura Blossey
Founder and Principal Broker
 
949-887-4377
Lic# 201204340
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
Real estate infographic with house and dollar coin, calendar, and rising bar chart.
FacebookTwitterLinkedInInstagramYouTube
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. LauraBlossey, License 201204340, Avenir Realty.
 
This email was sent to • View Online • Unsubscribe • Powered by ActivePipe
Equal Housing Opportunity
Blank white rectangular panel against a light gray background.
Home
Blank white rectangular panel against a light gray background.

ActivePipe Message ID: 2366214

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

(541) 595-8707

[email protected]

 

 



473 W. Hood Ave #102,
Sisters, OR 97759