April 2024 Beacon Report: Central Oregon Market Trends​ Last month the home-buying market started heating back up along expected seasonality patterns. In Bend, the median sale price for SFR increased to $753 from $682K in February. Nearly 25% of sales last month were $1 million or over in price. There are currently a little over 40 active listings in Bend for properties that exceed $1.8 Million in asking price, and the median marketing time fell to 20 days down from the 40 days it was in February. Last month, the price per square footage increased to $366 representing a 15% climb.  The n ..read more

March 2024 Beacon Report: Central Oregon Market Trends​ Last month’s leap day gave Central Oregon home buyers an extra day to buy, sell, and list their homes than the previous three Februaries. In Bend, the median home price trended down for the fifth month in a row to $682,000, and we have 1.5 months of inventory.  The number of $1Mill+ SFR sales made up 16% of all sales.  As for Redmond, closed homes spent 21% fewer days on the market, a welcomed improvement for sellers.  New building permits more than doubled from January to February, with 53 new building permits pulled.&nbs ..read more

While the start of a new year often signifies new changes, the February 2024 Beacon Report for Bend and Redmond shows little difference this month. However, it is clear that from the data the market is getting primed for the spring season in real estate. Get all the details about the February 2024 Housing Market Report for Central Oregon, here in the blog. February 2024 Beacon Report for Bend, Oregon As a quick reminder, The Beacon Report for February 2024, shows data on closed homes in January, the majority of which were negotiated in December and likely listed in October/November. Showing ..read more

Central Oregon SFR markets ended the 2023 year with positive price trend gains overall. Inventory levels declined slightly in Bend and Redmond in December. The Bend SFR market began 2023 with a median sale price of $685 and set a record high in July 2023 at $800k. Since July, the median sale price settled around $730k to $750k and ended in December at $725k. Inventory levels gained 1-month since early 2023 and finished at near 1.6 months (rounded to 2-months) in December. In Bend, the median sale price is up 5.8% from December 2022 ($678k). The number of sales since 12/2022 was 98, higher than ..read more

As Central Oregon begins to see its first flurries of the season, everyone seems to be getting into the holiday cheer. But snow isn’t the only frozen thing around here, with 2023 being the year of the market freeze. Could 2024 possibly be the “thaw” the housing market needs? Take a look at the December 2023 Beacon Report for Central Oregon and make your predictions for 2024. And for all our Redmond friends–we have pulled the data and now are including Redmond within the December 2023 Housing Market Report for Central Oregon. Bend and Redmond are rapidly changing, and we are here to help you un ..read more

Amid the breathtaking landscapes of Central Oregon, Bend is a city that beckons outdoor enthusiasts with its promise of adventure and unbridled natural beauty. Known for its stunning scenery, vibrant community, and limitless opportunities for outdoor recreation, has firmly established itself as a haven for mountain biking enthusiasts. Adventure knows no bounds. We’re about to delve into two spots that stand out as a symbol of Bend’s cycling culture among the many biking destinations in this vibrant city – The Loge and the iconic Tiddlywinks Trail. WATCH OUR FULL VIDEO HERE Also read: Must Tr ..read more

While winter moves into Central Oregon, real estate hawks expect the housing market to slow down, which it is doing—but there’s good news for buyers and sellers. Mortgage Rates took a fall last week and now winter is taking on a different tone.  The November 2023 Beacon Report for Central Oregon shows that aside from the number of transactions, every metric is nearly unchanged month over month. However, this isn’t necessarily a negative thing–read more to find out insights about the November 2023 Housing Market Report for Central Oregon. November 2023 Beacon Report for Central Oregon As ..read more

The Central Oregon housing market remains fairly neutral as the weather cools down. In dissecting the September 2023 Beacon Report data for Central Oregon, we are seeing seasonally expected transaction patterns as the market starts to simmer down. Additionally, it is evident that the market is strong as median prices continue to rise. Dive into the October 2023 Housing Market Report for Central Oregon to get insights about this season in Bend. Watch video: October 2023 Central Oregon Housing Market Update October 2023 Beacon Report for Central Oregon Heads up, The Beacon Report for October 2 ..read more

The summer temperatures may still be with us, but schools are back in session, the lines have died down at the coffee shops, and the river is no longer covered in colorful tubers. Autumn is coming to Bend and with it we see some seasonal softening of the real estate market, particularly above the $1M price point — the homes below that point are experiencing continued demand. Watch video: September 2023 Central Oregon Housing Market Update September 2023 Beacon Report for Central Oregon The September Beacon Report shows data based on homes that closed during the month of August. Slower sales ..read more

August 2023 Housing Market Report for Central Oregon Autumn is just around the corner, and the housing market is looking at significant changes. In correlation to the August 2023 Beacon Report data for Central Oregon, there is an overall decrease in days, and an increase in median price, a sure welcome for the Bend real estate market.  Watch Video: August 2023 Housing Market Report for Central Oregon August 2023 Beacon Report for Central Oregon The Beacon Report for August 2023, shows various sets of data on closed homes in July. The Bend SFR market set another record with a median pric ..read more