2016 Central Oregon Real Estate Review
Haley Overton January 3, 2017
Haley Overton January 3, 2017
The Central Oregon real estate market saw rapid growth in 2016 and is gearing up for this to continue in 2017. The key to this will be how the county and the city of Bend manage this growth. As we saw at the end of 2016, the Urban Growth Boundary expansion was approved and will add over 2,000 acres of land to the City of Bend.
According to the U.S. Census Bureau, nearly 10,000 additional residents moved to Deschutes County either from another Oregon county or from a different state. This increase in population and popularity means a higher demand for housing - a demand that builders and contractors are working hard to keep up with.
According to the Beacon Report, a market report supplied by local appraisers, the median home price in Bend was $374,000 at the end of 2016, up nearly 18% from the same time in 2015. As demand for single-family homes continues to rise, we expect to see continued growth in home prices, but probably not nearing 20% like in 2016.
Central Oregon residents and newcomers are also looking to outlying communities like Redmond, LaPine, and Prineville for their new homes. The median home price in Redmond at the end of 2016 was $270,000 - nearly $100,000 less than a home in Bend, but still up nearly $40,000 over the median price in November 2015.
If You'd Like to Talk to A Professional About Selling Your Home or Buying a Home in Central Oregon, Send Me an Email. I look forward to providing you with comprehensive service and real estate advice.
300 days of sunshine is almost unheard of but not for Bend! Most of our wet days come in the form of snow in winter.
Combined, that’s around 250 days of significant sunshine—not quite 300, but far more than most cities in the Pacific Northwest.
When you purchase a home, you might assume that you’ll move in as soon as the sale closes.
A magical place year-round, but there’s something particularly special about winter here.
Check out their websites below to learn about my new additions and all of the amazing work they are doing.
This why I love Bend, we are here for each other during the best times but also during the hardest times.
From the great school system, multitudes of cultural events and resources, outdoor activities, and low crime rates.
Bend
From guided back-country skiing, to beerfests, there’s something for everyone in January’s Cascade Living Newsletter!
Fall
Join the most talented independent filmmakers for 4 days of films, music, and conversations in Bend’s quaint theaters.
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