REAL ESTATE NEWS | OCT 2024

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REAL ESTATE NEWS | OCT 2024
Avenir Realty Group
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Costumed paddleboarders fill a river bordered by colorful autumn trees.
Annual Bend Witches Paddle: 10/31, 4-6 pm
 
Happy (early) Halloween! This is always a fun month to watch neighborhoods transform and see Halloween decorations during home tours. Mortgage rates have crept up since the Fed's rate cut earlier this month, and it remains to be seen - based on jobs reports, inflation and more - how the 2 additionally anticipated Fed rate cuts before the end of the year will impact mortgage rates. Regardless, buyer activity is predicted to increase after the election. If you're thinking of waiting to sell until Spring, ask about getting exterior photos now and what improvements you could make over the winter. Read on for a market update, Avenir Realty events, moving trends, property & neighborhood spotlights and more. Enjoy this glorious season!
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Market Update
September 2024 Bend market graphic showing seller’s market status, key statistics, and a map marker.
The Central Oregon real estate market in late 2024 continues to be shaped by interest rates and evolving buyer-seller dynamics and a stable yet cooling market. The median sale price has increased slightly, reflecting a 1.1% increase month-over-month to $745,750. Homes are staying on the market longer, with the median days on the market of 35 days an increase of 10.3% from the previous month. Despite the slower pace, demand remains strong, with 180 homes sold in September 2024. Homes sold at 98.3% of their list price, slightly up by 0.41% month-over-month. However, this sold-to-list ratio is in reality closer to 97% if seller credits are taken into account. Roughly 70% of purchases are still financed, although buyers for higher priced homes are more likely to pay "cash" which could be a line of credit behind the scenes. For more details on this report click here.
 
Inventory remains tight, balancing out the market and keeping prices strong. For both buyers and sellers, now is a critical time to make informed decisions based on personal goals and market conditions.
For more current data, click here:
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
2 November Events with Avenir Realty:
Lunch with the City of Bend &
Pumpkin Pie Giveaway at Roundabout Books
details below!
Lunch with the City of Bend
 
We're bringing in the experts to get you up to speed on new developments, transportation projects, bike/ pedestrian corridors, and other pressing topics that affect our everyday lives. Lunch provided!
 
📅 Thursday, November 21st
🕚 12:00 - 1:00
📍 First American Title Company:
395 SW Bluff Drive, Bend
 
RSVP by clicking the photo
BEND
Pumpkin pie with a slice removed, autumn leaves and berries on a wooden table.
🎃 Pumpkin Pie Giveaway! 🎃
 
It’s that time of year again—pumpkin spice and everything nice! In appreciation for my amazing clients, partners, and the community that supports us all year long, I’m giving away pumpkin pies just in time for Thanksgiving. 🥧
 
📅 Tuesday, November 26th
🕚 11:00 - 2:00
📍 Pick-up at Roundabout Books in NWX: 900 NW Washington St, Bend
 
RSVP by clicking the photo so we can save your pie! 🍁
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Bend Migration & Relocation Trends – Late 2024
Infographic maps homebuyer migration to Bend, Oregon, with Portland, Seattle, San Francisco, Los Angeles, and San Diego ranked.
Bend continues to attract a steady flow of out-of-town homebuyers, particularly from Portland, Seattle, and San Francisco. The trend shows growing interest from California and Washington residents who are drawn to Bend’s outdoor lifestyle and more affordable prices compared to their home markets - but note that buyers from Portland heavily outweigh the other cities (Bend vs. Portland? no brainer!). 61% of buyers in Bend are looking to move locally, while the other 39% explore moving out - from my own anecdotal evidence, likely to be closer to family.
 
This data is based on Redfin.com user searches, not actual moves, and includes users who viewed at least 10 homes across 100 metro areas within three months, excluding rental data. For more details click here.
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Exclusive residential buyer representation agreement from Oregon Real Estate Forms.
If you've toured a home with any Realtor in the past several months, you should have been asked to sign a Buyer Representation Agreement as required by the National Association of Realtors. If you haven't seen this form yet and/or have questions about it, PLEASE ask us to review this with you and explain the benefits. It's also a good idea to review this form with us prior to listing your home so you can understand what your Buyers will be expecting.
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Neighborhood Spotlight
 
Discover the charm of NorthWest Crossing, a vibrant neighborhood in Bend, OR, known for its row of shops & restaurants, The Grove for even more dining options, and Compass Park. The Farmer's Market is a summertime favorite! With tree-lined streets and top-rated elementary, middle and high schools , "NWX" offers a perfect balance for families, professionals, retirees, and outdoor enthusiasts alike.
 
Visit our website to see more neighborhoods we love. What others would you like to see?
Park picnic shelter with stone bases and a picnic table in the foreground.
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Property Spotlight
Green two-story house with a covered porch, red café seating, and autumn leaves overhead.
 
Step into contemporary living at 20527 SE Stanford Place in Bend, OR. This fabulous home features a spacious open layout, high-end finishes, and great multi-purpose space like the loft with built-in desk. The primary suite offers a luxury bath. With easy access to parks, schools, and easy 3rd St/ 97 access, this home provides the ideal balance of luxury and convenience.
 
Now offered at $649,000
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Local News
Why an Agent Is Essential When Buying a Newly Built Home
Modern home entryway with an open front door and a striking wood-and-black-metal staircase.
For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes.
Why Fall is the Perfect Time to Sell
Four lakeside homes reflected in calm water beneath vivid autumn foliage.
The dark, cold months of winter are yet to arrive, giving homeowners sufficient time to put their homes on the market and capitalize on the fall selling season.
There's a belief among many homeowners that spring and summer are the best times to sell your home, but that's just a myth.
...
The best things to do in Bend for October
Aerial view of an autumn neighborhood and industrial site beside a winding river at sunset.
October hits Bend like a parade for your senses. Trees toss confetti of bright orange and gold on a breeze laced with spice and frost-crisped grass. Mother Nature can tease […]
What’s on tap for Bend Ale Trail Month
Green passport resting on colorful maps and travel brochures.
Trekking the Bend Ale Trail is tasty fun for 11 months of the year. Then it all changes.  That’s when November brings Bend Ale Trail Month in a blissful beer-splosion […]
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
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 - or Seattle's - median list price is currently (find out here!)
 
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Avenir Realty
Avenir Realty's Latest Real Estate Activity
LB: Laura Blossey, FW: Frank Wood
AC: Angie Cox, AW: Amanda Wrenn,
TE: Traci Engel HB: Heather Blaine
SS: Stephen Saunders.
 
LOOKING FOR YOUR NEXT HOME?
Customize your own search here:
Large tiled-roof home among desert landscaping, with rocky mountains in the background.
Active (LB)
$5,249,000
Modern single-story home glowing at dusk, surrounded by landscaped shrubs beneath a colorful sky.
Price Improvement!
Tumalo Tranquility
Active (LB)
$3,195,000
Aerial view of a large home and detached garage among trees, with mountains in the distance.
Price Improvement!
Active (LB)
$2, 999,000
Modern timber-and-glass home glowing at dusk, with a peaked glass gable and long balcony.
Active (LB)
$2,190,000
Cabin among dense trees beneath a rugged mountain ridge.
Active (LB & TE)
$1,795,000
Aerial view of a gray home with elevated decks, a stone patio, and a wooded yard.
Active (LB & SS)
$1,667,000
Single-story beige home with a dark roof and a landscaped yard of boulders and low shrubs.
Active (LB)
$ 1,095,000
Brick home with a two-car garage, covered entry, paved driveway, and broad front lawn.
Active (AW & AC)
$895,000
Back patio with an outdoor dining set beside a beige two-story home.
Powers Rd
Active (SS)
$719,000
Aerial view of a single-story house with a green lawn and furnished backyard patio.
Active (LB & AC)
$699,999
Sage-green two-story house with a covered porch, framed by a large leafy tree and neighboring homes.
Active (LB)
$655,000
Suburban house with a white garage door, brick accents, and a landscaped yard beneath mature trees.
Larkspur Location
Active (LB)
$635,000
 
Blue-gray house with a stone-clad lower facade and covered entry, framed by a budding tree.
Active (AC)
$350,000
 
Aerial view of homes and green fields with a red map pin, backed by snow-capped mountains.
Active (SS)
$290,000
Two-story gray house with a dark double garage, covered porch, and autumn trees.
Pending(LB)
$645,000
A forest home with a driveway near a winding lake, surrounded by evergreen trees.
Sold (HB)
$1,075,000
Single-story home with an attached garage and broad driveway in a wooded rural setting.
Sold (FW)
$665,000
Gray single-story house with a two-car garage and wide driveway beneath mature trees.
Sold (TE)
$479,000
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Real estate agent in a black sleeveless blouse beside a wooden staircase.
Laura Blossey
Founder and Principal Broker
 
949-887-4377
Lic# 201204340
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
Residential street beneath bright orange autumn trees, with a sidewalk leading toward a distant mountain.
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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.
 
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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.

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