October 2012 Market Report for the NorthWest Crossing Neighborhood in Bend, Oregon

 

As mentioned in a post two days ago, I am going to attempt to bring you a monthly activity report that should keep you up to speed with how real estate is doing in your favorite Bend, Oregon neighborhoods. Today we are going to focus on the ever popular NorthWest Crossing neighborhood.

October marked the first full month of fall and winter is knocking on our door today with spitting snow. The last of the brilliant foliage colors of this fall are barely hanging on, soon it will be the beauty of the bare trees shrouded in white.

NorthWest Crossing seems to know no bounds when it comes to real estate sales. Popular as ever, fourteen homes have been sold this past month. Many of the newest homes have sold prior to their completion. The most popular of the new construction has been on NW Frazer Street in the eastern quadrant of Northwest Crossing. Five out of the fourteen homes sold last month were on NW Frazer. It is interesting to note that all of the homes sold on NW Frazer are single level homes and the two active listings for this street are both two story.

Several of the folks I have talked with that are moving into this portion of Northwest Crossing have reached a point in life were they are looking to downsize. Most all prefer not to have stairs to navigate as they get older. This speaks to the diversity of Northwest Crossing, here you have everything from families with plenty of kids to families where the kids have moved on that prefer to simplify their lifestyles. Come to any of the festivals or other events commonly held in the commercial district of Northwest Crossing and you will experience the diversity first hand. This is a wonderfully vibrant part of Bend.

Looking to the future Northwest Crossing has begun to develop the last of the parcels which lay on the eastern fringes of the neighborhood. It is conceivable that within the next two years or less the eastern portion of the development will be filled in. Looking to the future Northwest Crossings developers are solidifying their plans for the western reach of the development. Look for more information on this sector over the next year.

If you have questions about Northwest Crossing or the Bend real estate market and need a source for information, please contact me, I am glad to assist you in making informed decisions about Bend.

                                      List Price                                        Average
              Listings       Low          High     Average    Median  Price/Sqft  DOM
Active            23    $309,900  $749,900   $488,970   $469,900     $212            64
New                8     $389,900  $699,500   $519,625   $479,900     $229            26
Contingent    0
Pending        4     $299,900  $649,900   $475,200   $475,200     $230            68
Sold               14    $215,000  $579,778   $415,063   $415,500     $226         159