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CENTRAL OREGON MARKET REPORT - MARCH 15, 2023


Coming Soon!

16550 Fawn Ct - La Pine - $370,000

A beautiful and private property, nestled in the trees of desirable Lazy River South neighborhood. Get away from the hustle and bustle to relax at the end of your quiet cul-de-sac in the woods. Plenty of elbow room on this 1+ acre, surrounded with mature trees and beautiful landscape. Extra space for RV parking, large storage sheds and room for a shop. This home has been well taken care of and comes fully updated. New roof, interior/exterior paint, stove & microwave, carpet, vinyl floors, toilets/sinks, windows, blinds and more! Keep warm with an efficient pellet stove during the Winter and enjoy the Summer sunshine while sitting out on the back deck with family and friends. This home is turnkey and ready for it's new owners to enjoy!


 
 

I have felt an increase in Buyer demand in these past few weeks and it seems to be staying consistent. Purchasing power and affordability is less than it was last year, but desirable homes in Bend are still seeing strong interest and several showings. I recently helped some clients win out in a bidding war with 10 total offers! For those that are assuming our market has gone dormant, I can assure you it has not. Today I viewed an open house with other clients and noticed about 7 other showings during my brief time there. If you are considering what it might look like selling this Spring, I do think that we could see our market rebound a bit, as high interest rates become less shocking and lack of inventory remains an issue.  - Greg


 

Mortgage Rates Update

rate scenarios are based off 25% down payment, 797 FICO, low debt-to-income ratios, and 30-day lock periods. These are meant as references and individual scenarios vary.



 

Balancing Your Wants and Needs as a Homebuyer This Spring

The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers will need to consider what’s a necessity versus what’s a nice-to-have.



Where to find live music in Central Oregon

A list of venues, dates and music coming up in town. You'll be surprised how many options there really are for a good time here in Bend!




 

Market Snapshot



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