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CENTRAL OREGON MARKET REPORT - JANUARY 24, 2023

Updated: May 22

Pick of the week!

10682 Ironstone Court - Redmond - $1,230,000

Custom-built home in the Eagle Crest community! With panoramic mountain views, open floor plan and spacious kitchen. The 1,000+ square foot decks provide ample space for outdoor gatherings. The large primary suite is a true oasis, featuring a soaking tub and a spacious tile shower. From the golf course to the park, trails, sport courts, and pool, there's something for everyone in this community.

 
 

I'm hearing from lots of sellers that are looking to wait until Spring to get their property on the market. Winter weather slows down motivation and a feeling of uncertainty has people unsure on when the best time to list their property might be. Inventory remains low, which is common for this time of year, but people are still shopping. I put together a handful of great deals this month and sales are still happening every day. Over the last 24 hrs, our local market had 12 homes close on their sale! The demand will always be there for well priced and strategically marketed homes and right now there is some disconnect from buyer and seller expectations. Traffic will pick up in the Spring as it always has, but my advice to potential sellers is to beat that rush of everyone else waiting until the Spring market. If you're curious to discuss what strategies have been working for my clients this month, give me a ring! - Greg

 

2024 Housing Market - National Outlook

Reviewing the national market as a whole can help to identify larger trends that may move our local market in the future. Take a look below to see what's happening nation wide with real estate.

 

453 Acres Purchased for Regional Park in SE Bend

 BPRD Buys Site for $3.9 Million in Fast-Growing Southeast Area — Long-Time Owners Say Will Be “Fitting Legacy” for Founders


 

What's new with Mortgage Rates?

This is a scenario for top tier borrowers with 20% down and great credit. These rates and better can also be seen for other borrowers by using seller credits!

 

Market Snapshot

Month of December coming soon..


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