Posts with tag 'Mt Bachelor Village'
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6
Bend Oregon Real Estate | May 2024 Trends
What the Puzzling Trends For Bend Home Sales Tell Us
The May 2024 data has been published and it appears that Bend home buyers have more options. Inventory levels are up, but so are prices and overall sales are down. Basic economics tells us that as supply increases, prices should decrease. But right now, the supply of Bend homes has grown along with a slight uptick in home prices with sales significantly down from the year before. Adding to the confus...
6
Bend Oregon Real Estate | February 2024 Trends
High Mortgage Rates - High Prices Affecting Bend Home Sales
For the 4th week in a row, the thirty year mortgage interest rate has risen which has impacted real estate sales across the country. With these rates now pushing 7%, the buying power of Bend homebuyers has diminished.
With this change, few sellers are putting their homes of the market. Why sell a home with a great interest rate when the replacement home will cost so much more to finance? Both Bend home buyers and Bend home sellers are making decisions based on the cost to finance and when mortgage rates rise, often the decision made is to do nothing.
Bend Real Estate Inventory Levels Remain Low
Although there is always a downward seasonal adjustment for Bend home sales in the winter, the number...
21
Mt Bachelor Village Real Estate Market Trends
Mt Bachelor Village is One of Bend's Oldest Resort Communities
Envisioned in the early 1970's by Brooks Resources as a resort community to house vacationers wishing to ski at nearby Bachelor Butte (now known as Mt. Bachelor), the successful condominium development of Mt Bachelor Village has grown beyond the 1/5th fractional ownership initially offered to now provide for fully owned units, townhomes and single-family homes with a variety of amenities and views. Its location, within Bend's city limits but just off the road to Mt. Bachelor and the high Cascade Lakes, Mt Bachelor Village has offered full time homes, investment opportunities, and vacation homes to owners and renters alike for well over forty years. It continues to be a venue for retreats, weddings, gatherings and conferences.
Due to its variety of offerings - everything from 1/5 interest condominiums to luxury single-family homes overlooking the Deschutes River, Mt Bachelor Village has a unique sales...
6
Bend Oregon Real Estate | November 2023 Trends
Bend Home Sales Slow
There is a seasonal slow down experienced every fall for Bend real estate sales. When school starts, many would-be Bend home buyers focus on other things. While retirees and second home buyers may be active in early to mid fall, once Thanksgiving comes, the number of Bend real estate sales drop as both buyers and sellers tend to concentrate on holiday activities with home sales secondary to celebrating the season. In 2023, however, the annual slow down for Bend home sales typically seen in November was exceptional. When November of 2023 is compared with November of 2022, Bend single family home sales on less than an acre reflect the following:
- Average sales price up 3.5% to $859,650*
- Median sales price up 1% to $702,750
- New listings down 26.1% to 82
- Homes for sale down 29.9% to 281
- Pending sales down 18.7% to 87
- Sold homes down 24.1% to 104
- Average days on market up 22% to 50
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