Central Oregon Real Estate Market Report from December 2023

 
 

Record Highs to Stable Endings in Most of Central Oregon

In Bend, the year began on a promising note with a median sale price of $685,000. By July, a record high was set at $800,000, demonstrating some robust growth. However, this peak gradually stabilized, and by December, the median sale price had adjusted to $725,000. This price represents a 5.8% increase compared to December 2022's $678,000, underscoring a year of consistent appreciation. Interestingly, Bend's inventory levels saw a modest rise, concluding the year at approximately a 2-month supply, a slight increase from the early months of 2023.

Redmond's market mirrored Bend's trajectory to some extent. The year started with a median sale price of $420,000, and experienced a steady climb, peaking at $520,000 in October. The final months of 2023 saw the prices slightly retract, settling at $510,000 in December. These numbers, while showing a dip from the October peak, still appear to reflect a healthy market in Redmond where inventory hovered around a 3-month supply.

“Between late October and mid-December, the 30-year fixed-rate mortgage plummeted more than a percentage point. However, since then rates have moved sideways as the market digests incoming economic data. Given the expectation of rate cuts this year from the Federal Reserve, as well as receding inflationary pressures, mortgage rates will likely continue to drift downward as the year unfolds. While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.” reported Freddie Mac.

Mike Simonsen of Altos Research said, “The US real estate market data keeps turning in strong results. If you’ve not been paying close attention, you might be surprised at the strong real estate market this spring. 1. Home sales are increasing every week. 2. Inventory is inching up. 3. Home price signals are increasing too.”

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BEND AREA
$725,000
Median Price
29 Days on Market

REDMOND AREA
$510,000
Median Price
33 Days on Market

JEFFERSON COUNTY
$339,000
Median Price
60 Days on Market

SUNRIVER
$1,165,000
Median Price
117 Days on Market

LA PINE
$388,000
Median Price
74 Days on Market

SISTERS
$755,000
Median Price
26 Days on Market

CROOK COUNTY
$501,000
Median Price
67 Days on Market

 

Thank you to Beacon Appraisal Group for compiling this report. Prepared by Donnie Montagner with information from the MLS of Central Oregon with permission from COAR.

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Just Listed: Your Gateway to Serene Living & Urban Convenience!

 
 
 

This bright and inviting home is nestled in a cul-de-sac within the popular Orchard District.

The property features a spacious backyard with mature trees and an open floor plan that blends style and functionality. The great room lives large with vaulted ceilings, a picture window, and skylight filling the home with natural light and warmth. Tucked away is the primary bedroom offering a walk-in closet and bathroom with plenty of storage. Flow through the kitchen, into the dining area and out onto the back deck where you’ll find space for entertaining friends or simply relaxing. You'll love the accessibility of the 2 car garage and covered storage area, perfect for all of your Central Oregon gear; and if you need room to grow, this property's .24 acre lot offers the ideal opportunity to build an addition or ADU. It doesn’t get any more convenient with close proximity to the hospital, shopping and Pilot Butte State Park featuring trails and a panoramic view of the Cascade Mountains. Don't delay, as this gem won't last long!

Listed by Devon Pfeiffer for West + Main Homes. Please contact Devon for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
Devon Pfieffer
541-953-3563
devon@bendishome.com


 

Just Listed: A Stunning Home Transformation Surrounded by Nature's Embrace!

 
 
 

This beautifully transformed home is nestled in the Tollgate community, surrounded by forest, offering the perfect balance of tranquility and access to amenities.

Stepping inside, you will feel immediately at home. The open concept kitchen has new cabinets and sleek granite counters. Dining area flows into the spacious great room with soaring windows and is anchored by stone encased fireplace. The unique, functional floor plan is ready to meet your needs, offering separation of living spaces, a primary suite on the main level and upstairs are two bedrooms, a suite and bonus room.

New lighting throughout highlights the entirely updated bathrooms, laundry room, new flooring, tile staircase, custom iron railings. Topped off with a new roof, exterior paint and doors.

Inviting backyard beckons you to enjoy comfy sitting areas, firepit and charming greenhouse. Tollgate offers sport courts, a pool, rec hall and multi-use trails and is minutes from downtown Sisters.

Listed by Laura Hughes with That Furrow Crew for West + Main Homes. Please contact Laura for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
Laura Hughes
480-650-7244
laura@westandmainoregon.com


 

The best things to do in Bend for January

 
 

A new year is like a blank canvas. Actually, scratch that. It’s a field of fresh snow waiting for you to make your mark. Will it be a snow angel? Snowshoe tracks? The rounded butt print of a saucer sled pulled to the top of a hill before you sail screaming with laughter into a bright new year.

I could happily milk that snowy metaphor all day, but let’s move on to sharing the best things to do, see, eat, and explore in January when you’re in Bend.

Score seasonal bargains

Bend’s busiest season goes from May through October, with spikes of excitement around spring and winter breaks.

But when January rolls around, everyone’s maxed out from holiday spending while still desperately craving a vacation reset. Relax. Bend’s got just the thing.

January’s when shops slash prices to get rid of excess holiday inventory and make way for new spring stuff. Hit some of Bend’s best shopping zones to score great deals this time of year.

Hotels are in the same boat with Christmas break crowds long gone and spring breakers still a couple months out. If you’re looking for bargains on Bend hotels and vacation rentals, January’s one of the best months to find killer deals.

Because it’s one of our slowest times of year, pay close attention to stores’ operating hours and which days restaurants are open. Double check what you see online, as small mom-and-pop shops may not remember to update web info when seizing the January slowdown for vacations of their own.

But some extra legwork is a small price to pay for…well, a smaller price to pay.

Bring on the snow!

I’ll admit 2023’s El Niño conditions haven’t been kind to Bend’s snowpack. But if any month can change that, it’s January. 

That’s also when things really ramp up at Mt. Bachelor. They’ve had time to fine-tune systems and build a nice, solid base. Want to know the best part?

You’ve got the slopes to yourselves.

When holiday breaks end and cookie-hyped kids head back to school, Mt. Bachelor shakes herself off and says, “let’s slow things down.” That brings some of the best conditions you’ll find all season at North America’s sixth largest ski resort. You’ll have 4,300 acres of lift-accessible terrain just for you and a handful of others smart enough to jump on January’s bargain prices and fab conditions. 

Now’s the perfect time to tuck the kiddos in Mt. Bachelor’s daycare center before heading out for a day of adults-only skiing. Better yet, get those young’uns into lessons through the Ski or Ride in 5 program or take advantage of Mt. Bachelor’s Kids Ski Free program.

There’s also nordic skiing, terrain parks, sled dog rides, and oh yeah—‚some of the best bloody marys anywhere. If you’re doing Dry January, I swear I won’t tell if you sip just one.

What’s January hiking in Bend like?

The best thing about a lower snow year is the chance to explore endless Bend hiking trails––even in the dead of winter.

Head for the Oregon Badlands Wilderness to enjoy thousands of acres of magical desert landscape and all the solitude you crave after weeks of holiday houseguests. 

Got your heart set on popular spots like Tumalo Falls or Newberry National Volcanic Monument? Even with snow gates shut for the season, you can still reach them with the aid of snowshoes or (depending on snowfall) microspikes on your feet.

You can also book a snowmobile tour to see spots like Newberry or trails off the Cascade Lakes Scenic Byway in ways you can’t do two on two feet.

Want to stick closer to town? Pilot Butte makes a lovely winter hike, and the snow-capped Cascades look stunning from the top. You’ll seldom see a more epic sunset or sunrise than you’ll spot from the top of this dormant volcano. Just remember a headlamp if you’re hoofing it down in the dark.

Check out this blog post for more ideas on inspiring winter hikes. You’ll also find a few in this roundup of short but sweet hikes that are especially great for winter (think Shevlin Park, Deschutes River Trail, Pine Nursery, Cline Falls, and Riley Ranch Nature Reserve).

One thing to keep in mind when you’re playing outside in January: Winter range closures on Forest Service land and seasonal wildlife closures on BLM land. These closures protect furry and feathery friends like deer, prairie falcons, golden eagles, and other nesting birds. Those links I just shared have everything you need to know about where it’s fine to roam and where you should steer clear this time of year.

And if you’re bummed over missing those critters, may I suggest a visit to the High Desert Museum?

Time for some self-care

You wore yourself ragged hosting holiday in-laws and shopping ‘til you dropped last month. It’s time for a self-care retreat to Bend.

Try a forest bath with R’oming Yoga and discover peace of mind like you’ve never felt before. True story: Following my first forest bath, my FitBit (which normally greets me each morning by telling me I slept terribly) had a solid week of informing me I’m the champion of all sleepers. Coincidence? Doubtful.

Embrace the ultimate meditation with a visit to Easy Float. You’ll spend over an hour suspended in saltwater with all your senses switched off. Talk about an immersive experience!

Schedule a massage at brand-new The NOW Massage boutique or one of countless other luxurious Bend day spas. It’s also a great time to get in touch with your spiritual side by taking a workshop at a Bend wellness center like Blissful Heart or Bend Community Healing.

Soak up some culture

While Hayden Homes Amphitheater keeps concert crowds rockin’ all summer, winter’s when Bend’s indoor venues shine.

Ring in the New Year in style with the Mad Hatter Ball at the Riverhouse Convention Center, featuring dinner, live music, and more. There’s also a swanky bash slated for New Year’s Eve at Lady Bird Cultural Society, featuring live music and a mouthwatering four-course tasting menu.

Find a concert to enjoy at Bend’s historic Tower Theatre, which brings in an impressive mix of well-known artists, indie performers, and niche musicians you won’t often see at larger venues. 

Snap up tickets to Jazz at the Oxford, and kick off your swanky evening with cocktails and dinner at Roam. I highly recommend the Blood Moon made with sun ranch vodka, créme de cassis, lillet blanc, earl grey tea, blackberry, coriander, lemon, and soda water.

For more epic ways to get your groove on this time of year, scan our Event Calendar for live music in January.

Resolve to try something new

January’s natural slowdown brings out the best kind of creativity from Bend hotspots hungry for your business.

A glimpse at our Event Calendar reveals a quirky array of activities ranging from adult dodgeball to magic shows to trivia nights to burlesque nights to comedy shows held at local watering holes. No joke, Craft Kitchen & Brewery has a “ball pit comedy night” where crowds are encouraged to throw balls at standup comedians. 

Take a look at what’s happening, then vow to kick off your year by trying something different from your normal Bend adventures. 

Even better? Swing by the Bend Visitor Center and ask the friendly staff for their recommendations. Anyone who wishes Visitor Center Manager Catherine Carroll a happy birthday month gets a free sheet of Leave No Trace stickers.

Welcome to the new year, friends!

Read more at VisitBend.com

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5 Backyard Touches for Winter

 
 

As the winter months approach, many start to retreat indoors, staying warm and cozy until the spring sun returns.

However, just because the temperatures are dropping doesn't mean you can't utilize your outdoor spaces. With a few simple touches, your backyard can become the perfect winter oasis for relaxation and entertaining. This post will share five backyard touches to enhance your outdoor experience during the colder months.

Patio Fire Pit
Adding a fire pit to your backyard is the perfect way to add warmth, comfort, and entertainment during the winter. A patio fire pit creates a cozy atmosphere for gathering around, roasting marshmallows, and enjoying drinks with friends and family. It's also an opportunity to add a unique design element to your outdoor space, with options ranging from sleek and modern to rustic and natural. Ensure to keep a safe distance from flammable materials and have a fire extinguisher ready.

Outdoor Lighting
The shorter daylight hours of winter make outdoor lighting an essential component to your backyard oasis. Illuminate walkways and seating areas with soft, warm lights to create a welcoming ambiance. Consider adding string lights or lanterns to trees and structures to add a touch of magic to your backyard. For an extra special touch, install heated lighting fixtures to warm your outdoor space while providing adequate light.

Warm Furniture and Accents
Make sure to keep your backyard functional and comfortable during the colder months by adding warm blankets, outdoor rugs and cozy furniture. Embrace the season by adding festive decor like pillows with winter-related patterns and colors. To enhance your outdoor seating area, ensure it is protected from the outdoor elements with a covered pergola, gazebo, or patio umbrella.

Hot Tub
Adding a hot tub to your winter outdoor sanctuary provides an escape from the cold while offering many physical and mental health benefits. Fluffy robes, warm drinks, and snowy views make the ultimate outdoor spa experience to help you relax and unwind. Choose a hot tub with the right size to accommodate guests and ensure you're properly cleaning and maintaining it to keep it running safely and efficiently.

Winter Garden
Add winter garden elements to your outdoor space by planting winter-appropriate produce such as carrots, onions, and garlic. Consider adding garden decor like birdhouses, birdbaths, and frost-proof sculptures to add charm to your garden. By planting evergreens and winter shrubs, not only will you have greenery all year-round, but it creates a winter-focused backdrop for your winter retreat.

These backyard touches will transform your outdoor space into a winter wonderland, making it the perfect spot to relax, entertain, and enjoy all the joys that the season has to offer. By incorporating these touches, you can fully embrace the winter months and enjoy your outdoor space to the fullest. So put on those cozy socks, grab a warm drink, and create your ultimate winter oasis in your own backyard.

Read more at Rismedia.com

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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