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CENTRAL OREGON MARKET REPORT - MAY 31, 2023


New Listing in Timber Ridge!

20417 Bullblock Rd - Bend - $775,000

A perfect blend of contemporary style and natural surroundings, nestled in the desirable Timber Ridge community. The spacious .36-acre lot is surrounded by mature trees a park like setting. This home has been tastefully updated throughout, showcasing modern touches and enhanced functionality. With high-end finishes and a clean luxury feel, attention has been given to every detail. The large kitchen island is perfect for entertaining and naturally brings people together. A thoughtfully curated floor plan allows for easy living throughout and multiple living areas to comfortably work and play. The large three-car garage offers a large pantry and ample space for vehicles and toys. The third bay garage is a finished, 240 sqft bonus room that can be used as an office, gym, guest room or shop away from the rest of the home. The back patio is a great, private setting for outdoor entertaining and warm Summer nights. This property offers everything you would ever want in your next home!

 
 

I hope you all had a great holiday weekend and are as excited for Summer as I am! As far as Real Estate goes, inventory remains low and it seems like some price points are affected differently than others. Demand has started filling back in with the Spring time swing and we are starting to see multiple offers again. Homes that are well marketed and correctly priced will see some action, while others that miss the mark will sit around and adjust slowly to find what works. It's more important than ever to work with somebody that knows the market inside and out and can help you through the many pitfalls that could end up costing you big money in the end. I believe that this is still a great time to be a seller and it may not last forever. Give me a call if you need any insights! - Greg

 

Mortgage Rates Update

Today’s average US interest rate among all lenders is 6.88%, down from our recent high of 7.14% and perhaps with room to continue.

 

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate.


 

Market Snapshot


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