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Central Oregon Market Report - February 8, 2022



Fixer Upper in Bend! 21062 Thomas Drive, Bend OR - $485,000 Single level home on almost a 1/2 acre lot in an established neighborhood. Conveniently located near medical facilities, shopping, restaurants, and Pilot Butte. Make this home and property exactly what you'd like. Primary bathroom has been remodeled and the roof has been replaced within the last 5 years. Septic system needs to be replaced. And considered in the pricing of this property -sold 'as is'. Cash buyer may be necessary on this purchase. So much potential!



The Bend market seems to be rebounding a bit, with more Buyer interest and prices leveling off. It's hard to tell if we've hit our "bottom" but I'll continue keeping you in the loop on what direction we are heading. Redmond remains in a slump, as February marks the 6th month in a row for falling prices and a 16% year over year decrease. It may be a good time for a first time buyer to break into that market and snag a good deal! Overall statistics show Bend and Deschutes county as a whole weathering the storm much better than the periphery areas in Crook and Jefferson county. I believe it's attributed to the demand that still exists from Buyers, who see the area as a great long term investment, regardless of the short term hiccups along the way. As always, feel free to reach out to see how you could best capitalize on the changes happening right now! - Greg


 

Mortgage Rates Update Based off a 5% down payment, 770 credit score and low debt-to-income


 

Eugene bans natural gas, other fossil fuel infrastructure in some new residential buildings City councilors voted 5-3 Monday night to pass an ordinance that will apply to building permit applications submitted on or after June 30, 2023. They've cited concerns about climate change and public health during several years of discussion.Full Article


Top 10 Real Estate Markets for Cash Flow in 2023 The vast majority of real estate investors get into the industry to pursue passive cash flow. Unfortunately, over the last several years, finding deals with strong cash flow has become a challenge.  Full Article



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