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Central Oregon Market Report - July 6, 2022



New Listing! 60274 Woodside Road - Bend Hard-to-come-by beautifully updated home in the serene Woodside Ranch subdivision that is tucked in the sun-dappled trees. 10 minutes to downtown Bend. 20 minutes to Mount Bachelor. QUIET and PRIVATE. This home is your personal park-like retreat. Updates everywhere: New carpet, hardwood and tile throughout; all doors, trim and baseboards have been replaced'; ''smart'' HVAC with Aprilaire 800 steam humidifier; master bedroom redesign; built-in gas fireplace in living room; interior/garage painted;; wireless/keyless garage door opener; all three bathrooms remodeled; kitchen appliance updates; outdoor improvements (decks; gutters; awning; driveway expansion/sealcoat; new roof; fencing; new kitchenaide gas grill)


 

The shift continues in Central Oregon as we have been flooded with more inventory and market conditions have become more indicative of a Buyer's market. Last year demand, lack of inventory and availability of cheap money contributed to a fire sale environment and for many buyers/sellers it feels like a huge shock to have the market round off so quickly. The average home price has dipped in our area and this is the highest time of year for inventory to choose from. I think that this is an opportune time to look for deals while shopping for homes and have your realtor negotiate credits from the seller for a rate buy down. It's important as a Buyer to focus on monthly payments and not wait on the market while interest rates continue to rise. Sellers should focus on creative ways to have their listing stand out and be competitive while they are on the market. If you are curious on how to position yourself in this market, give me a call! -Greg

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