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CENTRAL OREGON MARKET REPORT - NOVEMBER 1, 2023

Pick of the week!

20490 Outback Court - Bend - $1,657,500

Luxury single-level living on a cul-de-sac in Mountain High! Great room features floor-to-ceiling windows, a stone fireplace, formal dining, and a breakfast bar. Effortlessly entertain from the gourmet kitchen with subzero fridge, double oven, brand new ice maker, and more. With two primary suites and a very large third bedroom, this home offers ample space for you and your loved ones. Three-car, heated garage. A full .52 acres with 1,151 sq. ft. of deck overlooking a landscaped backyard. Community pickleball courts, pool, park with pond, snow removal, and more. Inquire for more info or a private tour!

 
 

It finally feels to me that we have entered into a Buyer's market. It's interesting to see the market landscape transition so quickly from what we were seeing a year or two ago. Rates are floating in the 8% range and prices are holding strong for now. In Bend we currently have 722 active listings and 229 pending. This tells me that as a Seller, you have a ~32% chance of getting your home sold when entering today's market. It's more important than ever to properly price, market and negotiate your way through a successful sale. For Buyers, the main struggle is rates and payments. I am still working with several buyers to overcome these issues with seller credits, creative financing and crafty lenders. The buyers that win in this market either have cash, large equity rollover or the will power to get out and explore their options. I will say, it's very fun to shop in this market, with plenty of inventory to browse and leverage to negotiate. Let me know where you are at in your real estate journey and how I can help! - Greg

 

It's that time of year! Fall weather brings debris to your gutters. This is one of the most overlooked maintenance items I see during inspections. Unchecked gutters can lead to costly damage during Winter weather. Call may partner above and mention my name for a discount to have your gutters cleared and leafs cleaned up!

 
 

Are you looking for a use for that leftover Halloween pumpkin?

 Harmony Farms Sanctuary near Tumalo says they want your Jack-O-Lanterns for a good cause.


 

Market Snapshot


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