THE MORE THINGS CHANGE, THE MORE THEY STAY THE SAME could be said about the Central Oregon real estate market. The median price continues to climb – every month. We are still over the $750K mark for single-family residences in the City of Bend. It’s even higher in Sunriver and Sisters. Imagine that. The median […] The post MORE OF THE SAME…JUST DIFFERENT appeared first on Central Oregon Real Estate News ..read more

It’s been a while since I have written. I’ve taken a much-needed break after finishing the busiest real estate year in the 18 years that Gloria and I have been selling real estate in Central Oregon. Nothing in our business world slowed down when COVID struck. Schools, most businesses and visits with friends all came […] The post Back At It In The New Year… appeared first on Central Oregon Real Estate News ..read more

The US housing market just keeps taking hits – but the volume of sales our team is still doing confirms that real estate issues are absolutely regional in regard to how the market is affected by outside influences. However – what goes up, always comes down. Some markets plummet, some gradually descend, and others, like […] The post What Goes Up… appeared first on Central Oregon Real Estate News ..read more

And what it is, is pretty clear. Any of us watching the real estate market knew that this craziness couldn’t go on indefinitely. Something had to give, and that something is now giving. Higher interest rates have made the ”entry-level home” a thing of the past. With prices for a fixer-upper starting at $350K there […] The post There’s Something Happening Here… appeared first on Central Oregon Real Estate News ..read more

Alleda Real Estate has occupied the same storefront office on NW Minnesota Avenue in downtown Bend for just over 13 years. Unfortunately, our landlord not only increased our monthly rent in the middle of the pandemic, we were recently notified of an additional high increase coming our way soon.  With a request for a long-term […] The post The Times They Are A Changin’ appeared first on Central Oregon Real Estate News ..read more

I like numbers. Numbers are what I look at initially when talking about real estate. Gut feelings are of some use, for sure. When one has been in the real estate business as long as I have, gut feelings can add valid information. So…my gut tells me that sales in Central Oregon are slowing. It’s […] The post Painting by the Numbers… appeared first on Central Oregon Real Estate News ..read more

Real estate in Central Oregon just keeps chugging-along. According to the most recent Beacon Report: The Single-Family Residence (SFR) inventory level in Bend increased (very slightly) last month, but remains at significantly low levels when compared to early 2020.  Since August 2020, the SFR inventory level in Bend has been less than 1 month.  The […] The post The Little Engine That (Still) Could… appeared first on Central Oregon Real Estate News ..read more

I have been in the real estate business in Central Oregon for 16 years. NEVER have I seen numbers like I am witnessing now. All kinds of numbers. Mostly HIGH numbers. Almost no LOW numbers unless I am talking about listing inventory. So here are a few numbers for you to chew on: In 2019 […] The post The Million Dollar Question… appeared first on Central Oregon Real Estate News ..read more

Fear Of Missing Out. It’s a real THING. It is one of the factors that is responsible for driving this crazy Seller’s Market. The last time I witnessed this was in 2006. I think I even thought about this myself. I HAD BETTER PURCHASE NOW OR THERE WON’T EVER BE ANYTHING TO BUY IN THIS […] The post FOMO… appeared first on Central Oregon Real Estate News ..read more

In the 15 years I’ve been in this business…I have never seen a market like this that so hugely favors sellers. Interest rates are still LOW, inventory is LOW but home prices are HIGH. As in REALLY HIGH. A DR Horton home in River Canyon Estates that sold in 2011 for $230,000 sold recently for […] The post Up…Up…And Away – Central Oregon Real Estate appeared first on Central Oregon Real Estate News ..read more