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Central Oregon Market Report - September 14, 2022


New to the Market 61267 King Jeroboam Avenue SE - Bend Custom 2-owner home on aprox half acre in highly desirable Kings Forest. 2408 sqft 3 bdrm 2.5 bth with family room + bonus room + main level office. Beautiful wood floors, bright large windows on both levels, gas stove, and new AC/heat pump. Vaulted ceilings, outdoor balcony, large pantry, laundry room (gas/electric), soaker tub, and many closets. Built for privacy and outdoor living on large, beautifully-landscaped .47 acre park-like lot with mature trees and new irrigation system. Call to schedule a showing today!

 

WEEKLY UPDATE

Sales have started slowing down a bit as the Summer crowds have departed and school has started up again. Inventory remains high and Buyers have lots of options right now. Updates on the loan front still seem daunting, as it looks like rates are projected to keep rising over the near future. This could continue to level off prices as we head into the Winter months and keep a cap on our hot market. Take a look at the Market snapshot below to see how month over month prices have changed - looks like a solid dip for the month of August. Buyers - it could be a good time to negotiate with a Seller that needs to make a move and is open to better pricing and terms. Receiving credits back from the Seller at closing can help buy down your interest rate and curb that higher monthly payment. There are different options for different scenarios and I'd love to offer a helping hand if you're curious what your next move should be. - Greg

 

WEEKLY MORTGAGE RATES



 

Central Oregon real estate market in a period of transition Central Oregon sellers may find that they’re not getting multiple offers within days of listing their homes for sale, but that doesn’t mean the market is turning. Full Article

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