Leave a Message

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

REAL ESTATE NEWS | OCT 2024

REAL ESTATE NEWS | OCT 2024
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!
Market Update
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:
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
🎃 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! 🍁
Bend Migration & Relocation Trends – Late 2024
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.
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.
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?
Property Spotlight
 
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
Local News
Why an Agent Is Essential When Buying a Newly Built Home
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
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
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
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 […]
DO YOU KNOW YOUR
HOME WORTH?
 
Stay Up to Date on Market Trends
ex: Bend's - or Seattle's - median list price is currently (find out here!)
 
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:
Active (LB)
$5,249,000
Price Improvement!
Tumalo Tranquility
Active (LB)
$3,195,000
Price Improvement!
Active (LB)
$2, 999,000
Active (LB)
$2,190,000
Active (LB & TE)
$1,795,000
Active (LB & SS)
$1,667,000
Active (LB)
$ 1,095,000
Active (AW & AC)
$895,000
Powers Rd
Active (SS)
$719,000
Active (LB & AC)
$699,999
Active (LB)
$655,000
Larkspur Location
Active (LB)
$635,000
 
Active (AC)
$350,000
 
Active (SS)
$290,000
Pending(LB)
$645,000
Sold (HB)
$1,075,000
Sold (FW)
$665,000
Sold (TE)
$479,000
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
Equal Housing Opportunity

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