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Central Oregon Market Report - March 30, 2022



SNEAK PEAK - Two Properties Coming Soon in Lava Ridges! Lava Ridges is a very desirable neighborhood and when these homes hit the market, they go quickly. Luckily I can give you a heads up that we have not one, but two new listings coming soon. The property above (professional photos coming soon) is a spacious and well lit home, 2,870 sq. feet includes 4 bedrooms, and 2.5 baths. It has an open floor concept that includes custom cabinets, tile counters, wood flooring, central vac, and and gas fireplace. Master suite features a private sitting/exercise room, and large walk-in closet. The three car garage is a double door with a tandem third car space. Amenities are a community pool, and front yard maintenance. Going live tomorrow ~ $799,000 Let me know if I can get you more info.


 

There are a few factors at play in this Spring's market that have stirred up some uncertainty with Sellers, including the conflict overseas, rising inflation, and the first rate increase in more than three years. From what I have seen, the housing market has continued to remain very strong and Sellers are looking well positioned to sell this season. I do predict interest rates to continue rising, which will cause Buyers to pull back on buying power, but at the end of the day, demand will continue to drive the market upward. Inventory will seasonally fill in a bit as the weather gets warmer, so hopefully there will be more to choose from in the coming months. Expect home prices to continue appreciating, but begin to slow down a bit throughout the year. Let me know if you have questions on your current position in the market, so I can best guide you on your next move. -Greg

 


California’s 25% Speculation Tax: What It Means For Real Estate Investors And Homeowners The bill is the Assembly’s latest attempt to curb rising housing costs and bludgeon investor profits. If passed, the Act would add an additional 25% tax on the capital gain from the sale or exchange of residential properties within three years of its initial purchase. Full Article


Most popular Oregon homes for sale in 2021 Most popular Oregon homes for sale in 2021: Oddball to oceanfront, teardowns to over-the-top mansions were most-viewed real estate listings this year Read More


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