In 2013, 148 homes sold in Sunriver-- an exciting community that is Central Oregon's mecca for every kind of outdoor enthusiast; the ideal spot for a second home. Sunriver is also a wonderful multi-generational gathering place . . . a place where memories are made. Enjoy golf, tennis, horseback, white-water rafting, and more.
The landscape is graced by the Cascade Mountains on the west side and the Newberry Volcanic National Monument to the east. A river (Deschutes) runs through it, and Mt. Bachelor is a quick jaunt up the road. The Sunriver Oregon inventory of homes is just as exciting.
2013 was a solid year for real estate in Central Oregon. 2261 homes sold in Bend . . . an increase of almost 14% over the previous year. Total dollar volume was up more than 38% (to over $700,000,000). We also saw a stretch of six consecutive months with at least 200 residential sales . . . numbers not seen in more than six years.
While local MLS inventory is presently near an all-time low, there are still Bend homes available in all styles and price points. Choices include everything from quaint cottages for the first-time buyer, to riverfront condos and townhomes, to executive golf course homes in Broken Top, Tetherow, and Awbrey Glen.
Bend Oregon homes are still affordable. Rates remain low (presently 4.57%), and the investor/rental market is hopping! Prices are on the rise. The Bend real estate market is heating up, and the number of distressed sales is running less than 8% .
We might not see this opportunity again.
Redmond has been one of Central Oregon's fastest growing regions for the last ten years. There is no doubt that the high quality of life (and more affordable pricing than Bend) in this area is responsible for this influx of new residents.
In 2013, 659 homes sold in Redmond . . . for 2014, available for sale inventory is near an all-time low--just 4.6 months (the NAR considers 6 months of inventory to be a "balanced market"). Now is the time!
Learn more about Redmond homes for sale.
Powell Butte is an unincorporated community in Crook County Oregon. The regional economy is characterized by agriculture, lumber, recreation, and tourism. It's also the home of Brasada Ranch, perhaps Central Oregon's premier destination resort. Brasada offfers some of the finest panoramic views in the region. And in 2012, prices are just a fraction of what they were in 2005.
Powell Butte Oregon homes show value in terms of price, location, and quality. Rates are low, prices are right, and the Powell Butte MLS inventory holds some great deals for homebuyers.
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