Summer Real Estate Activity for Broken Top in Bend, Oregon.

Curious to what has been happening in the golf community of Broken Top in Bend, Oregon this summer?


Broken Top is back on the map this summer with plenty of activity. Is it possible you have missed the best buying opportunity since Broken Top was founded? Interested in other golf community opportunities?

Contact Bill Panton to arrange an exclusive tour of these properties or to discuss what today’s market offers.


Properties Sold since 6/1/2012

Fall Creek Lp 3 bedroom 3 bathrooms 2665 square feet 0.180 acres,

year built 1999, $450,000 List $425,000 Sold

Green Lakes Lp 3 bedroom 2.50 bathrooms 2473 square feet 0.390 acres,

year built 1994 $409,900 List $425,000 Sold

Fall Creek Lp 3 bedroom 2 bathrooms 2182 square feet 0.180 acres,

year built 2004 $499,000 List $489,000 Sold

Green Lakes Lp 3 bedroom 2.50 bathrooms 2811 square feet 0.450 acres,

year built 1998 $549,900 List $535,000 Sold

Tam McArthur Lp 3 bedroom 3.50 bathrooms 3611 square feet 0.330 acres,

year built 2002 $599,999 List $585,000 Sold

Tam McArthur Lp 3 bedroom 3.50 bathrooms 3084 square feet 0.290 acres,

year built 1999 $675,000 List $ 635,000 Sold

Rim Lake Ct 3 bedroom 2.50 bathrooms 2919 square feet 0.370 acres,

year built 1995 $695,000 List $650,000 Sold

Tam McArthur Lp 4 bedroom 3.50 bathrooms 4386 square feet 0.460 acres,

year built 1999 $900,000 List $870,000 Sold

Listing Count 8

Averages 3,016 square feet , $191.84 price per square foot, 136/159 Days on Market

$597,350 List, $576,750 Sold

High $870,000 Low $425,000 Median $560,000



Pending Sales

Fall Creek Lp 2 bedroom 2 bathrooms 2033 square feet 0.180 acres,

year built 2001 $380,000 List price

Fall Creek Lp 3 bedroom 2 bathrooms 1923 square feet 0.180 acres,

year built 1995 $419,000 List price

Bounty Lake Ct 3 bedroom 2.50 bathrooms 2281 square feet 0.340 acres,

year built 1997 $459,000 List price

Fall Creek Lp 2 bedroom 2.50 bathrooms 2375 square feet 0.190 acres,

year built 1999 $475,000 List price

Goose Creek Ct 3 bedroom 3.50 bathrooms 3068 square feet 0.180 acres,

year built 2005 $475,000 List price

Green Lakes Lp 3 bedroom 2.50 bathrooms 3269 square feet 0.420 acres,

year built 1999 $519,900 List price

Fall Creek Lp 4 bedroom 3.50 bathrooms 3250 square feet 0.180 acres,

year built 2002 $525,000 List price

Moraine Ct 4 bedroom 4.50 bathrooms 4148 square feet 0.340 acres,

year built 2000 $550,000 List price

Green Lakes Lp 3 bedroom 3.50 bathrooms 4107 square feet 0.540 acres,

year built 2000 $625,000 List price

Tam McArthur Lp 3 bedroom 3.50 bathrooms 2756 square feet 0.420 acres,

year built 2000 $694,000 List price

Tam McArthur Lp 5 bedroom 6 bathrooms 5660 square feet 0.680 acres,

year built 2006 $699,900 List price

Tam Lake Ct 5 bedroom 3.50 bathrooms 4733 square feet 0.450 acres,

year built 1995 $895,000 List price

Tam McArthur Lp 4 bedroom 3 bathrooms 3835 square feet 0.360 acres,

year built 2002 $898,000 List price

Listing Count 13

Averages 3,341 square feet, 181.92 price per square feet, 152/197 Days on Market,

$585,754 List price

High $898,000 Low $380,000 Median $525,000



Active

Goose Creek Ct 3 bedrooms 3 bathrooms, 1882 square feet 0.200 acres,

year built 1995 $ 363,000 List price

Fall Creek Lp 3 bedrooms 3 bathrooms 2433 square feet 0.190 acres,

year built 1993 $ 425,000 List price

Fall Creek Lp 2 bedrooms 2 bathrooms 1887 square feet 0.180 acres,

year built 2001 $ 450,000 List price

SW Fall Creek Lp 3 bedrooms 2.50 bathrooms 2816 square feet 0.170 acres,

year built 2004 $ 499,000 List price

Blue Lake Lp 3 bedrooms 3.50 bathrooms 2733 square feet 0.220 acres,

year built 1999 $ 509,000 List price

Blue Lake Lp 4 bedrooms 3.50 bathrooms 2948 square feet 0.200 acres,

year built 2002 $ 550,000 List price

Soda Springs Dr 3 bedrooms 3.50 bathrooms 3023 square feet 0.400 acres,

year built 1993 $ 595,000 List price

Golden Lake Ct 5 bedrooms 3.50 bathrooms 3669 square feet 0.310 acres,

year built 1999 $ 605,000 List price

Tam McArthur Lp 3 bedrooms 3.50 bathrooms 2903 square feet 0.380 acres,

year built 2000 $ 629,000 List price

Green Lakes Lp 3 bedrooms 4.50 bathrooms 3584 square feet 0.430 acres,

year built 1993 $ 644,900 List price

Green Lakes Lp 3 bedrooms 4.50 bathrooms 4460 square feet 0.380 acres,

year built 1993 $ 699,000 List price

Tam McArthur Lp 4 bedrooms 3 bathrooms 3471 square feet 0.450 acres,

year built 1994 $ 725,000 List price

Green Lakes Lp 4 bedrooms 4.50 bathrooms 4100 square feet 0.380 acres,

year built 2002 $ 749,000 List price

Green Lakes Lp 3 bedrooms 3.50 bathrooms 4129 square feet 0.429 acres,

year built 1998 $ 789,000 List price

Soda Springs Dr 3 bedrooms 3.50 bathrooms 3330 square feet 0.360 acres,

year built 1995 $ 849,000 List price

Green Lakes Lp 3 bedrooms 2.50 bathrooms 2569 square feet 0.630 acres,

year built 2003 $ 955,000 List price

Green Lakes Lp 4 bedrooms 3.50 bathrooms 4400 square feet 0.430 acres,

year built 2006 $ 989,950 List price

Fairway Ridge Ln 4 bedrooms 4.50 bathrooms 4416 square feet 0.530 acres,

year built 2002 $ 990,000 List price

Golden Lake Ct 4 bedrooms 3 bathrooms 3485 square feet 0.300 acres,

year built 2006 $ 999,999 List price

Red Meadow Ct 5 bedrooms 5.50 bathrooms 4476 square feet 0.380 acres,

year built 1993 $1,025,000 List price

Soda Springs 5 bedrooms 4 bathrooms 5116 square feet 0.570 acres,

year built 2002 $1,150,000 List price

Bounty Lake Ct 3 bedrooms 3.50 bathrooms 3490 square feet 0.310 acres,

year built 2002 $1,185,000 List price

Green Lakes Lp 3 bedrooms 3.50 bathrooms 3814 square feet 0.550 acres,

year built 2006 $1,269,000 List price

Cayuse Crater Ct 4 bedrooms 4.50 bathrooms 4363 square feet 0.412 acres,

year built 2002 $1,295,000 List price

Rim Lake Ct 3 bedrooms 4 bathrooms 4641 square feet 0.400 acres,

year built 1997 $1,400,000 List price

Tam McArthur Lp 3 bedrooms 4.50 bathrooms 4100 square feet 0.400 acres,

year built 2004 $1,425,000 List price

Tam McArthur Lp 4 bedrooms 4.50 bathrooms 5960 square feet 0.753 acres,

year built 2002 $1,950,000 List price

Listing Count 27

Averages 3,637 square feet, 237.62 price per square foot, 140/140 Days on Market ,

$917,680 List Price

High $1,950,000 Low $363,000 Median $789,000



Featured properties may not be listed by the office/agent presenting this blog.
Information has not been verified, is not guaranteed and is subject to change.
Source Central Oregon Realtors Association multiple listing service, 8/15/12.

Summer Real Estate Activity for the Eastern Portion of the Old Farm District of Bend.

Curious to what has been happening in Southeast Bend, Oregon this summer?

The Bridges, Desert Woods, King’s Forest Estates, Nottingham Square, Orion Estates, Ponderosa Estates, Reed Pointe and Ridgewater. This is a diverse neighborhood with everything from new construction to well seasoned homes, starter homes to larger homes on a half acre or better.

Contact Bill Panton to discuss today’s market or for more details
of this and other Bend neighborhoods.

Sold Properties

West View Dr 3 bedroom 1 bathrooms 1076 square feet 0.530 acre,
built in 1978, $89,900 list, $ 89,900 sold 159/159 DOM

SE Desert Woods 3 bedroom 1.50 bathrooms 1432 square feet 0.520 acre,
built in 1977 $158,000 list, $ 49,900 sold 41/41 DOM

Admiral Way 4 bedroom 2.50 bathrooms 1748 square feet 0.480 acre,
built in 1977 $159,900 list, $154,100 sold 151/151 DOM

SE Twin Lakes Lp 3 bedroom 4 bathrooms 2638 square feet 0.470 acre,
built in 1975 $159,900 list, $165,000 sold 127/127 DOM

Greenmont Dr 3 bedroom 2 bathrooms 1512 square feet 0.460 acre,
built in 1979 $199,900 list, $187,000 sold 10/10 DOM

Lost Valley Ct 3 bedroom 2 bathrooms 1792 square feet 0.460 acre,
built in 1989 $195,000 list, $195,000 sold 74/74 DOM

King David Ave 3 bedroom 2.75 bathrooms 1497 square feet 0.570 acre,
built in 1987 $219,900 list, $210,000 sold 81/81 DOM

Sydney Harbor Dr 3 bedroom 2.50 bathrooms 1874 square feet 0.071 acre,
built in 2008 $235,000 list, $235,000 sold 45/45 DOM

Ridge Falls Pl 3 bedroom 3 bathrooms 2000 square feet 0.230 acre,
built in 2004 $242,000 list, $242,500 sold 68/68 DOM

Ridge Falls Pl 3 bedroom 4 bathrooms 3066 square feet 0.210 acre,
built in 2004 $249,500 list, $249,550 sold 156/156 DOM

Desert Woods 4 bedroom 2 bathrooms 2312 square feet 0.560 acre,
built in 1977 $259,000 list, $250,000 sold 47/47 DOM

SE King Zedekiah 3 bedroom 2 bathrooms 1912 square feet 0.890 acre,
built in 1987 $329,000 list, $314,500 sold 51/51 DOM

Ridge Falls Pl 3 bedroom 2.50 bathrooms 2753 square feet 0.209 acre,
built in 2006 $349,000 list, $342,000 sold 54/54 DOM

Ladera 4 bedroom 2.50 bathrooms 2431 square feet 0.340 acre,
built in 2006 $355,000 list, $345,000 sold 66/66 DOM

Tamar Ln 3 bedroom 3 bathrooms 2103 square feet 0.140 acre,
built in 2012 $345,000 list, $345,000 sold 111/111 DOM

Tamar Ln 3 bedroom 3 bathrooms 2510 square feet 0.140 acre,
built in 2011 $348,000 list, $351,750 sold 287/287 DOM

Merritt Ct 4 bedroom 2.50 bathrooms 4161 square feet 0.480 acre,
built in 1996 $429,900 list, $390,000 sold 108/108 DOM

Golden Gate 4 bedroom 3 bathrooms 3102 square feet 0.170 acre,
built in 2012 $437,000 list, $452,675 sold 144/144 DOM

Listing Count of Homes Sold Since June 1,2012 ~  18

Averages ~ 2,218 square feet, $117.91 price per square foot, 98/98 Days on Market

Prices ~ High $452,675, Low $89,900, Median $246,025


Pending Sales

Admiral Way 3 bedroom 2 bathrooms 1365 square feet 0.520 acre,
built in 1977 $119,900 List Price

Desert Woods Dr 3 bedroom 1.75 bathrooms 1711 square feet 0.530 acre,
built in 1977 $125,000 List Price

Cabin Lane 3 bedroom 2 bathrooms 1604 square feet 0.470 acre,
built in 1980 $148,500 List Price

Greenmont Dr 3 bedroom 2 bathrooms 1436 square feet 0.460 acre,
built in 1979 $149,900 List Price

SE Desert Woods 3 bedroom 1 bathrooms 1650 square feet 0.469 acre,
built in 1977 $153,900 List Price

Desert Woods Dr 3 bedroom 1 bathrooms 1600 square feet 0.460 acre,
built in 1977 $180,000 List Price

Ambassador 3 bedroom 2.50 bathrooms 1450 square feet 0.080 acre,
built in 2012 $204,000 List Price

Sarah Dr 3 bedroom 2.50 bathrooms 2060 square feet 0.720 acre,
built in 1997 $206,000 List Price

Steens Mountain L 4 bedroom 2.50 bathrooms 2701 square feet 0.540 acre,
built in 1996 $249,900 List Price

King David Ave 3 bedroom 2.50 bathrooms 1652 square feet 0.469 acre,
built in 1985 $255,000 List Price

Sydney Harbor Dr 3 bedroom 2.50 bathrooms 2048 square feet 0.080 acre,
built in 2008 $260,000 List Price

Golden Gate 3 bedroom 3 bathrooms 2005 square feet 0.130 acre,
built in 2012 $345,000 List Price

Wilderness Way 4 bedroom 2.50 bathrooms 2889 square feet 0.510 acre,
built in 1968 $345,000 List Price

Manhae Lp 3 bedroom 3 bathrooms 2103 square feet 0.180 acre,
built in 2013 $349,000 List Price

Tamar Lan 3 bedroom 3 bathrooms 2005 square feet 0.130 acre,
built in 2012 $349,000 List Price

Miramar Dr 4 bedroom 2.75 bathrooms 3444 square feet 0.340 acre,
built in 2008 $349,900 List Price

Ladera Road 3 bedroom 2.50 bathrooms 2461 square feet 0.280 acre,
built in 2012 $366,000 List Price

Ladera Road 3 bedroom 2.50 bathrooms 2717 square feet 0.260 acre,
built in 2012 $393,000 List Price

Ladera Road 3 bedroom 2.50 bathrooms 2400 square feet 0.250 acre,
built in 2012 $400,000 List Price

Listing Count ~ 19

Averages ~ 2,068 square feet, $124.80 price per square foot, 99/106 Days on Market

Prices ~ High $400,000, Low $119,900, Median, $255,000


Active Listings

Ladera Road 3 bedroom 2 bathrooms 1472 square feet 0.480 acre,
built in 1980 $236,000 List Price

Greenmont Dr 3 bedroom 2.50 bathrooms 1981 square feet 0.570 acre,
built in 1989 $294,900 List Price

Mount Vista Dr 3 bedroom 2 bathrooms 2126 square feet 0.460 acre,
built in 1986 $297,500 List Price

King Solomon Ln 4 bedroom 2 bathrooms 2814 square feet 0.600 acre,
built in 1977 $299,000 List Price

SE Sydney 3 bedroom 2.50 bathrooms 2065 square feet 0.110 acre,
built in 2012 $307,500 List Price

SE Mt Vista Dr 3 bedroom 2.50 bathrooms 2166 square feet 0.470 acre,
built in 1990 $315,000 List Price

Sky Harbor Dr 3 bedroom 3 bathrooms 2251 square feet 0.560 acre,
built in 1985 $319,900 List Price

Hillridge Road 3 bedroom 2.50 bathrooms 2816 square feet 0.460 acre,
built in 2001 $320,000 List Price

Via Sierra Ct 3 bedroom 2 bathrooms 1851 square feet 0.460 acre,
built in 1987 $324,900 List Price

Baptist Way 3 bedroom 2 bathrooms 2188 square feet 0.280 acre,
built in 2012 $330,000 List Price

SE Tamar 3 bedroom 2 bathrooms 2002 square feet 0.170 acre,
built in 2012 $348,950 List Price

Camden Pl 4 bedroom 3 bathrooms 2850 square feet 0.500 acre,
built in 1997 $349,000 List Price

SE Tamar L 3 bedroom 3 bathrooms 2265 square feet 0.260 acre,
built in 2012 $367,500 List Price

Ladera Road 3 bedroom 2 bathrooms 2515 square feet 0.250 acre,
built in 2012 $369,000 List Price

Hilmer Creek Dr 4 bedroom 3 bathrooms 2464 square feet 0.200 acre,
built in 2012 $379,000 List Price

Merritt Ct 4 bedroom 3 bathrooms 2828 square feet 0.460 acre,
built in 1995 $430,000 List Price

Listing Count ~ 16

Averages ~ 2,291 square feet, $146.46 price per square foot, 57/57 Days on Market

Prices ~ High $430,000, Low $236,000, Median $322,450


Featured properties may not be listed by the office/agent presenting this blog.
Information has not been verified, is not guaranteed and is subject to change.
Source Central Oregon Realtors Association multiple listing service, 8/15/12.

Summer Has Finally Arrived on the High Desert…

While the rest of the nation has been sweltering for months Central Oregon is arriving to the party a little late but in grand style. After a false start right after the Fourth of July we have been enjoying days in the mid-eighties while cooling off in the evenings to the high 40’s or low 50’s. This has made attending our many outside events like our Farmer’s Markets, Chris Isaak or Counting Crows concerts and the low key “Alive After 5” concert series in the Old Mill district quite enjoyable.


Not late to the party is our local real estate market. We continue to see improvement across the board. Reviewing our Duke Warner Market Trends Report shows the market under $300,000 remains the hottest with almost 70% of the homes sold in July being in this category. Include in this category are homes under $225,000 which remain most sought after properties with first time homebuyers and investors squaring off against each other to compete for these properties.

To illustrate, the other day a client submitted an offer on home in the mid-one hundred thousand range only to find that they were one of thirteen offers. This was the third time within the month that they had missed out on a home. Not to worry this week they were successful in their bid to find a home, out bidding several other parties.

It is interesting to see the lag in perception to reality. Many folks who have been waiting to time the bottom of the market are now finding that they have missed the mark by several months. Most are surprised at how difficult it is to find a good property at the bargain pricing they have been hearing about for the last several years. Undaunted they continue to seek out their bargain property amongst a limited inventory.

Several are still waiting in the wings for the much vaunted shadow inventory. There is no doubt that there are number of distressed properties that lenders have not processed. Are their numbers significant enough to cause the market to shift once again? Probably not, lenders appear to process these properties as fast as they can, leaving a fairly stable number of homes on the market at any one time.

Complicating the picture is the recent enactment of Oregon Senate Bill 1552. This bill requires larger lenders to offer “foreclosure avoidance measures” including mediation between the lender and the borrower. The lender is required to provide a substantial amount of documentation as to the history of the loan, something that is not easily done in today’s world of tranching the loans into smaller parcels to be securitized for investors. The advent of this bill will most likely delay the inevitable for most distressed properties, eventually they will find their way to the market. The likelihood of this being a tidal wave of properties hitting the market is slim. Once they find their way to market the market conditions are likely to be more favorable for the seller.

The popular refrain of folks who missed the buying opportunities of the last downturn was “I wish I would have bought property when the market was down…” will once again be a popular refrain of those missing the opportunities of today’s market. Will you be one those who could of, would have or should have? Do not be one of those folks, contact me soon to discuss today’s market…