Northwest Crossing Springs to Life…

Northwest Crossing continues to set the pace in homes sales and lifestyle for Bend, Oregon.

Kicking off the return of spring is the Northwest Crossing Spring Festival hosted at the heart of their merchant district. Highlighting this event will be music by “Larry and His Flask”, if high energy music is not on your agenda perhaps the “Street Chalk Competition”, the Fine Artist Promenade or the Spring Morning Yoga Session will suit you.

Start the 2013 year; twenty homes have been sold in the first quarter, far exceeding sales in any other Bend neighborhood. Currently the average price for home in Northwest Crossing has leapt upward over the $400,000 mark. Occasionally we will see homes from the founding portions of Northwest Crossing will be offered for under $400,000 but the days of easily finding a home in the $300,000 range have left the market of today.

New home starts in Northwest Crossing continue to pace the Bend real estate market with many of these new homes selling shortly after they are offered. In many cases the home will be pre-sold. West Bend Properties is pressing forward and are developing a new section that is slated for release this fall/early winter. Stay tuned for more on these lots and homes which should offer some lots that are larger than the norm for Northwest Crossing. They should be similar to lots recently offered off of NW Lolo Pass Drive and Drouillard Avenue.

If you have questions about the Northwest Crossing community 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	$/Sqft	DOM
Active	18	$419,900	$699,000	$520,467	$499,900	$232	75
New	15	$419,900	$759,900	$556,360	$539,900	$235	49
Contingent	1	$424,900	$424,900	$424,900	$424,900	$189	161
Pending	11	$310,000	$699,500	$443,536	$444,900	$231	122
Sold	20	$259,900	$725,000	$434,940	$390,832	$215	137

Address	Bedrooms	Bathrooms	Sq. Ft.	Sale Price	DOM
Mt Washington Drive	2	2	1115	$        259,900	17
Mt Washington Drive	3	1	1774	$        285,000	126
Mt Washington Drive	2	2.5	1378	$        305,000	67
Frazer Lane	3	2	1442	$        329,500	335
Labiche Lane	3	2	1586	$        335,000	102
Crossing Drive	2	2	1462	$        342,035	192
Sacaqawea Lane	3	2.5	1695	$        375,000	49
John Fremont Street	3	2.5	1816	$        380,000	38
Frazer Lane	3	2	1714	$        389,000	132
Shields Drive	3	2.5	2521	$        390,000	196
Frazer Lane	3	2	1500	$        391,665	212
Frazer Lane	3	2.5	2250	$        449,900	234
High Lakes Loop	3	3	2118	$        449,900	41
Lemhi Pass Drive	3	2.5	2627	$        460,000	229
Lolo Pass Drive	3	2.5	2185	$        508,500	211
Drouillard Avenue	4	2.5	2314	$        524,900	177
Crossing Drive	3	2.5	2734	$        539,500	103
Lolo Pass Drive	3	2.5	2337	$        624,000	169
High Lakes Loop	4	2.5	2569	$        635,000	0
Lolo Pass Drive	4	2.5	3861	$        725,000	110

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

Awbrey Butte Summer Sales Increase…

Perch high above Bend on Awbrey Butte is one of Bend’s most exclusive neighborhoods. With drop dead larger than life views of the Cascade Mountains to the west, Mt. Bachelor to the Paulina’s to the south, and the high desert buttes to the north and east. The neighborhood of Awbrey Butte features elegant homes on lots of an acre or more with an emphasis on retaining the natural features found on the property. Thus lending to a spacious natural feel with an abundance of wildlife in the neighborhood. The homes of Awbrey Butte are often spectacular built by some of Bend’s best craftsmen.


With so much to offer it is not a surprise that there has been a rebound in the sales of these amazing homes. The summer of 2012 saw the amount of homes sold double from 2011. This is one neighborhood were inventory is not a concern. There is a wealth of very nice homes to choose from they range in price $374,500 to $1,999,000. Homes on Awbrey Butte trend toward having plenty of space with the smallest of homes coming in at just above 2000 square feet and usually on no less than just under a half acre. Just in case you cannot find the right home for you there are several excellent lots available to build your dream home.

If you are interested in learning more about Awbrey Butte or touring some the homes listed below feel free to contact me.


Sold

NW Lucas Ct           3 bedrooms, 2.50 bathrooms 3042 square feet,
   acres 0.280    year built 2004        $299,900 list price    $300,000 sold price
NW Summit Dr        3 bedrooms, 2.50 bathrooms 2532 square feet,
   acres 0.420    year built 2001        $449,000 list price    $420,000 sold price
NW Keenan Ct         3 bedrooms, 3.50 bathrooms 2640 square feet,
   acres 0.590    year built 1995        $500,000 list price    $450,000 sold price
NW Redfield Circ      4 bedrooms, 2.50 bathrooms 2978 square feet,
   acres 0.400    year built 1997        $514,900 list price    $485,000 sold price
NW Colonial Dr        4 bedrooms, 3.50 bathrooms 2854 square feet,
   acres 0.980    year built 2004        $495,900 list price    $500,000 sold price
NW Windwood         5 bedrooms, 3.50 bathrooms 4894 square feet,
  acres 0.490    year built 2000        $750,000 list price    $742,500 sold price
NW Perspective Dr    4 bedrooms, 4.50 bathrooms 4200 square feet,
   acres .0624    year built 2004        $785,000 list price    $760,000 sold price
NW Three Sisters Dr 3 bedrooms, 3.50 bathrooms 3975 square feet,
   acres 0.920    year built 1993        $849,500 list price    $800,000 sold price
NW Panorama Dr     4 bedrooms, 3.50 bathrooms 3947 square feet,
   acres 0.580    year built 2002       $825,000 list price    $815,000 sold price
NW Remarkable Dr   3 bedrooms, 2.50 bathrooms 5123 square feet,
   acres 0.520    year built 2002       $998,000 list price    $940,000 sold price
NW Metke                4 bedrooms, 4.50 bathrooms 5485 square feet,
   acres 0.620    year built 2005       $949,000 list price    $975,000 sold price
NW OKane Ct           4 bedrooms, 4.50 bathrooms 5499 square feet,
   acres 1.920    year built 1994    $1,500,000 list price  $1,390,000 sold price

Listing Count 12
Averages 3,931 square feet, $177.29 price per square foot,
132/149 days on market $743,017 list price $714,792 sold price
High 1,390,000      Low 300,000      Median 751,250


Pending

NW Goodwillie Ct      4 bedrooms, 2.50 bathrooms 2855 square feet,
   acres 0.450   year built 2001          $367,500 list price
NW Redfield Circ       3 bedrooms, 3.50 bathrooms 2469 square feet,
   acres 0.400   year built 1997          $370,000 list price
NW Promontory        4 bedrooms, 2.50 bathrooms 2778 square feet,
   acres 0.790   year built 1990          $405,000 list price
NW Winslow Dr        3 bedrooms, 2.50 bathrooms 2865 square feet,
   acres 0.580   year built 1995          $469,000 list price
NW McCook             4 bedrooms, 4 bathrooms      5000 square feet,
   acres 0.610   year built 1999          $775,000 list price
NW Starview Dr        3 bedrooms, 3.50 bathrooms 4331 square feet,
   acres 1.290   year built 2002          $895,000 list price
NW Three Sisters Dr 4 bedrooms, 3.50 bathrooms 4600 square feet,
   acres 1.600   year built 2012          $1,195,000 list price
Colver Ct                 5 bedrooms, 6 bathrooms      6118 square feet,
   acres 0.870   year built 2007 $1,600,000 list price

Listing Count 8
Averages 3,877 square feet, 183.88 price per square foot,
176/183 days on market, $759,563 list price
High 1,600,000      Low 367,500      Median 622,000


Active

NW Redfield Circ       4 bedrooms, 2.50 bathrooms  2213 square feet,
   acres 0.410   year built 1996           $374,500 list price
NW McCook             4 bedrooms, 3 bathrooms       3874 square feet,
   acres 0.670   year built 2000           $424,900 list price
NW Summit Dr         4 bedrooms, 3 bathrooms       2251 square feet,
   acres 1.360   year built 1995           $539,950 list price
NW Peoples Ct         4 bedrooms, 3.50 bathrooms  3616 square feet,
   acres 0.750   year built 1990           $575,000 list price
NW Pickett Ct          4 bedrooms, 3.50 bathrooms  3525 square feet,
   acres 1.150   year built 1994           $585,000 list price
NW Foley Ct            4 bedrooms, 2.50 bathrooms  3146 square feet,
   acres 0.630   year built 1994            $620,000 list price
NW Farewell Dr        3 bedrooms, 2.50 bathrooms  3115 square feet,
   acres 0.700   year built 2000           $625,000 list price
NW Farewell Dr        5 bedrooms, 3.50 bathrooms  3740 square feet,
   acres 0.900   year built 1990            $639,000 list price
NW Promontory Dr   4 bedrooms, 3.50 bathrooms  4080 square feet,
   acres 1.050   year built 1996           $683,000 list price
NW Winslow Dr        3 bedrooms, 3.50 bathrooms  3096 square feet,
   acres 0.500   year built 2005           $695,000 list price
NW Redfield Circ      3 bedrooms, 2.50 bathrooms  3839 square feet,
   acres 0.760   year built 2002          $699,000 list price
NW Overlook Dr       4 bedrooms, 2.50 bathrooms  4536 square feet,
   acres 0.800   year built 2005           $699,000 list price
NW Promontory Ct    5 bedrooms, 3 bathrooms      4288 square feet,
   acres 0.820   year built 1997           $700,000 list price
NW Duffy Dr             4 bedrooms, 3 bathrooms      3550 square feet,
   acres 0.560   year built TBB             $789,000 list price
NW Twilight Dr         3 bedrooms, 3 bathrooms      4003 square feet,
   acres 1.220   year built 1995           $849,900 list price
NW Windwood Way   4 bedrooms, 2.50 bathrooms 4274 square feet,
   acres 1.170   year built 2005           $895,000 list price
NW Remarkable Dr    4 bedrooms, 4 bathrooms      4200 square feet,
   acres 0.460   year built 2012           $945,000 list price
NW Healy Ct             3 bedrooms, 3.50 bathrooms 3299 square feet,
   acres 0.890   year built 2005        $1,065,000 list price
NW Archie Briggs Rd 4 bedrooms, 3.50 bathrooms 5280 square feet,
   acres 0.650   year built 2003        $1,195,000 list price
NW Overlook Dr        3 bedrooms, 4.50 bathrooms 3668 square feet,
   acres 0.500   year built 2007        $1,225,000 list price
NW Starview Dr        4 bedrooms, 3.50 bathrooms 6079 square feet,
  acres 1.340   year built 1996        $1,899,000 list price
NW Three Sisters Dr  4 bedrooms, 4.50 bathrooms 3186 square feet,
   acres 0.920  year built 1992        $1,999,000 list price

Listing Count 22
Averages 3,766 square feet, $227.07 price per square foot, 175/264 days on market,
   $850,966 list price
High 1,999,000      Low 374,500       Median 699,000

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.

The August Bratton Report for Central Oregon is now available…

It is not hard to feel as if we are finally climbing back to a more consistent real estate market here in Central Oregon. Home builders are once again pouring foundations and the local lumber yard trucks are rumbling down the streets once again. For the first summer in quite some time building is taking place outside of NorthWest Crossing. Drive through any section of town and you should be able to find a new home under construction.


This month’s Bratton Report shows that the median price for a home in Bend has risen for the third straight month and the eleventh time in the last year. The median price of $250,000 has not been seen since October of 2008. At that time we were still falling from our giddy high, sliding down and off the cliff into a financial nightmare that bore the recession of the past few years. Accompanying the rise of the median price is its sister, price per square foot, to $130. This too is a level not seen since the fall of 2008.

In a similar manner the sales numbers for the month hit a pace not seen since August of 2006. The numbers climb to just above the steady 170 range of the last few months to 191. One number that rose slightly for the season is the days on market for the average sale bouncing up to 91 days. This might be a reflection of the lack of inventory we have experiencing throughout the summer. As the number of homes available has dwindled buyer’s are now reaching out to properties previously thought to be over priced or having undesirable qualities.

Redmond appears to be on a similar path with the median price of a home rising to $155,000, a level not seen since 2009. Price per square foot has been on the increase here as well, rising for the fifth straight month. The sales numbers for Redmond appear to be in a consistent pattern, bouncing between 40 - 70 homes per month with last month coming in at 61. As with Bend the days on market has increased, this too could be attributed to the lack of inventory.

What Redmond is not seeing to this point is the return of home builders, building permits remain flat and in the single digits. If the sales numbers remain strong and Redmond can see some growth in jobs I would expect a return to new construction next summer. This will be aided if Bend market remains strong opening up Redmond as a more affordable option.

Distressed properties once the fuel for listings in our area, has now dried up for the time being with the enactment of Senate Bill 1552. With the mediation component of this bill in play I would not expect to see an influx of new short sales until early winter at the earliest and spring for foreclosures to return to the courthouse steps. There are many working parts in this bill and it is going to take some time for the lenders, homeowners and the state to figure out how to best work through this process. Once these distressed properties find their way back into the market I would not expect a flood new listings at bargain prices. Instead we will see a steady but diminishing flow with pricing that has the occasional gem amongst them.

For now the trends are in our favor, recovery is close but fragile. This falls politics and the decisions that follow through the winter could put all of our gains in the dumpster. One thing is certain the Central Oregon market is resilient. Central Oregon has too many great qualities that folks from outside our area admire and adore to be kept down for too long.

NorthWest Crossing is still smoking hot…

Below are the summer numbers for NorthWest Crossing, they have enjoyed a great summer sales season. Since June first of this year 33 homes have sold, 23 more homes are in a pending sales status waiting for completion of their transaction and seventeen homes are available for sale.

A quick tour of NorthWest Crossing shows how vibrant this community is with several homes under construction at any time of the year. This allows for buyer’s to find the dream home they are looking for. If it is not there today there is a good chance that it is under construction or someone else is ready to sell their home to move up and create an opportunity for others.

It is easy to see why so many people enjoy Northwest Crossing with their Festivals, Farmers Market, Munch and Movies not to mention great access to the Phil’s Trial complex, Downtown Bend, the Cascade Lakes and Mt Bachelor. NorthWest Crossing is also home to High Lakes elementary and Summit High schools making this a much desired neighborhood for families.

If you are interested in learning more about NorthWest Crossing or touring some the homes listed below feel free to contact me.

Sold Properties

NW Lolo Dr 3 bedroom 2.50 bathrooms 2300 square feet 0.139 acres,

year built 2011 $ 509,900 list $ 507,900 sold

NW Frazer 4 bedroom 2.50 bathrooms 2825 square feet 0.197acres,

year built 2012 $ 519,900 list $ 509,000 sold

NW High Lakes Loop 4 bedroom 2.50 bathrooms 2728 square feet 0.200 acres,

year built 2006 $ 579,000 list $ 565,000 sold

NW High Lakes Loop 5 bedroom 4.50 bathrooms 3634 square feet 0.210 acres,

year built 2008 $ 859,000 list $ 835,000 sold

NW Sacagawea Lane 3 bedroom 2 bathrooms 1388 square feet 0.110 acres,

year built 2003 $ 289,900 list $289,900 sold

NW Fort Clatsop St 3 bedroom 2.50 bathrooms 1896 square feet 0.130 acres,

year built 2003 $299,900 list $ 299,000 sold

NW Crossing Dr 2 bedroom 2 bathrooms 1260 square feet 0.098 acres,

year built 2012 $299,900 list $301,900 sold

NW John Fremont 3 bedroom 2.50 bathrooms 1835 square feet 0.140 acres,

year built 2003 $315,000 list $315,000 sold

NW Sacagawea La 3 bedroom 2 bathrooms 1442 square feet 0.110 acres,

year built 2006 $329,900 list $318,000 sold

NW Newport Hills D 3 bedroom 2 bathrooms 1428 square feet 0.140 acres,

year built 2011 $339,900 list $339,900 sold

NW Fort Clatsop St 3 bedroom 2 bathrooms 1562 square feet 0.140 acres,

year built 2005 $349,000 list $340,000 sold

NW Frazer 3 bedroom 2 bathrooms 1412 square feet 0.121 acres,

year built 2012 $349,900 list $349,900 100.00

NW Fort Clatsop St 4 bedroom 3 bathrooms 2378 square feet 0.140 acres,

year built 2003 $369,000 list $357,400 sold

NW Fort Clatsop St 3 bedroom 2.50 bathrooms 2148 square feet 0.140 acres,

year built 2003 $369,900 list $368,500 sold

NW Dorion Way 3 bedroom 2.50 bathrooms 2010 square feet 0.127 acres,

year built 2011 $389,900 list $380,000 sold

NW High Lakes Loop 4 bedroom 3 bathrooms 1902square feet 0.180 acres,

year built 2010 $385,000 list $390,000 sold

NW Labiche Lane 3 bedroom 2 bathrooms 2018 square feet 0.140 acres,

year built 2005 $394,900 list $394,900 sold

NW Dorion 3 bedroom 2 bathrooms 1749 square feet 0.130 acres,

year built 2011 $395,000 list $395,000 sold

NW High Lakes Loop 3 bedroom 2 bathrooms 2140 square feet 0.130 acres,

year built 2008 $405,000 list $405,000 sold

NW Dorion 3 bedroom 2.50 bathrooms 2105 square feet 0.127 acres,

year built 2012 $429,900 list $420,000 sold

NW Lemhi Pass Dr 3 bedroom 3.50 bathrooms 2677 square feet 0.140 acres,

year built 2003 $425,000 list $425,000 sold

NW Drouill 3 bedroom 2 bathrooms 1760 square feet 0.168 acres,

year built $429,000 list $429,000 sold

NW High Lakes Loop 3 bedroom 2.50 bathrooms 2415 square feet 0.160 acres,

year built 2006 $432,000 list $432,000 sold

NW Dorion 3 bedroom 2.50 bathrooms 2250 square feet 0.130 acres,

year built 2012 $439,900 list $439,900 sold

NW High Lakes Loop 3 bedroom 3 bathrooms 2038 square feet 0.137 acres,

year built 2012 $444,900 list $444,900 100.00

NW Frazer Lane 3 bedroom 2.50 bathrooms 2199 square feet 0.160 acres,

year built 2012 $459,324 list $459,324 sold

NW Dorion 3 bedroom 2.50 bathrooms 2441 square feet 0.126 acres,

year built 2011 $459,900 list $459,900 100.00

NW High Lakes Loop 3 bedroom 3 bathrooms 2865 square feet 0.150 acres,

year built 2005 $469,000 list $460,000 sold

NW High Lakes Loop 3 bedroom 3 bathrooms 2268 square feet 0.150 acres,

year built 2005 $469,000 list $463,000 sold

NW Lolo Dr 3 bedroom 2.50 bathrooms 2145 square feet 0.139 acres,

year built 2012 $465,000 list $465,000 sold

NW Dorion Way 3 bedroom 2.50 bathrooms 2115 square feet 0.130 acres,

year built 2011, $459,900 list $470,001 sold

NW Labiche Lane 3 bedroom 2.50 bathrooms 2486 square feet 0.130 acres,

year built 2005 4$96,900 list $482,900 sold

NW Sacagawea Lane 3 bedrooms 3 bathrooms 2580 square feet 0.160 acres,

year built 2007 $499,000 list $ 490,000 sold

Listing Count 33

Averages 2,133 square feet, 201.40 price per square foot, 153/157 days on market, $428,140 list, $424,310 sold

High 835,000 Low 289,900 Median 425,000

Pending Sales

NW Mt Washington 2 bedroom 2.50 bathrooms 1177 square feet 0.110 acres,

year built 2008 $275,000

NW Bens Ct 3 bedroom 2 bathrooms 1370 square feet 4791 acres,

year built 2011 $299,900

NW Crossing Dr 3 bedroom 2 bathrooms 1415 square feet 0.110 acres,

year built 2012 $ 339,900

NW Frazer Ave 3 bedroom 2 bathrooms 1544 square feet 4791 acres,

year built 2012 $345,000

NW Crossing Dr 3 bedroom 2 bathrooms 1413 square feet 5300 acres,

year built 2010 $349,900

NW Frazer 2 bedroom 2 bathrooms 1548 square feet 4791 acres,

year built 2012 $349,900

NW Frazer 3 bedroom 2 bathrooms 1524 square feet 5663 acres,

year built 2012 $349,900

NW Frazer 3 bedroom 2 bathrooms 1500 square feet 0.110 acres,

year built 2012 $360,000

NW Frazer 3 bedroom 2 bathrooms 1603 square feet 0.130 acres,

year built 2012 $374,900

NW Frazer 3 bedroom 2.50 bathrooms 1673 square feet 0.140 acres,

year built 2012 $384,900

NW Clearwater Dr 3 bedroom 2 bathrooms 1667 square feet 0.140 acres,

year built 2010 $385,000

NW Fort Clatsop 3 bedroom 2.50 bathrooms 2689 square feet 0.130 acres,

year built 2003 $389,900

NW Frazer 3 bedroom 2 bathrooms 1641 square feet 0.123acres,

year built 2012 $392,900

NW Frazer Lane 3 2.50 bathrooms 2158 square feet 0.130 acres,

year built 2012 $446,500

NW Frazer Lane 3 2.50 bathrooms 2129 square feet 0.126 acres,

year built 2012 $449,900

NW Fraze 3 2.50 bathrooms 2039 square feet 0.139 acres,

year built 2012 $459,900

NW Lolo Dr 3 2.50 bathrooms 1988 square feet 0.119 acres,

year built 2011 $459,900

NW Lemhi Pass Dr 3 2.50 bathrooms 2565 square feet 0.180 acres,

year built 2005 $475,000

NW Frazer Lane 3 2.50 bathrooms 2186 square feet 0.130 acres,

year built 2012 $488,000

NW Lolo 3 2.50 bathrooms 2278 square feet 0.140 acres,

year built 2011 $495,000

NW Ordway Ave 4 3.50 bathrooms 2780 square feet 0.160 acres,

year built 2003 $549,000

NW High Lakes Loop 3 2.50 bathrooms 2424 square feet 0.160 acres,

year built 2012 $560,000

NW Lolo Dr 3 2 bathrooms 2260 square feet 0.211 acres,

year built 2012 $579,900

Listing Count 23

Averages 1,894 square feet, 222.81 price per square feet, 107/125 days on market, $415,661 list

High 579,900 Low 275,000 Median 389,900

Contingent Sales

NW Frazer 3 bedroom 2 bathrooms 1892 square feet 0.130 acres,

year built 2012 $457,900 list

NW Sacagawea Lane 3 bedroom 2 bathrooms 2356 square feet 0.170 acres,

year built 2010 $534,900

Listing Count 2

Averages 2,124 square feet, $234.53 price per square foot, 54/54 days on market, $496,400 list

High 534,900 Low 457,900 Median 496,400

Contingent ShortSales

NW Fort Clatsop St 3 bedroom 2.50 bathrooms 2696 square feet 9148 acres,

year built 2005 $395,000

Listing Count 1

Averages 2,696 square feet, $146.51 price per square foot, 264/264 days on market, $395,000 list

High 395,000 Low 395,000 Median 395,000

Active Listings

NW Mt. Washington 2 bedroom 1 bathrooms 924 square feet 0.090 acres,

year built 2004 $229,000 list

NW Mt Washington 2 bedroom 2 bathrooms 1189 square feet 0.150 acres,

year built 006 $274,900 list

NW Mt Washington 3 bedroom 2.50 bathrooms 1774 square feet 0.110 acres,

year built 2011 $309,900 list

NW Frazer 3 bedroom 2 bathrooms 1442 square feet 0.109 acres,

year built 2012 $339,900 list

NW Shields Dr 3 bedroom 2.50 bathrooms 2521 square feet 0.150 acres,

year built 2004 $406,100 list

NW John Fremont 3 bedroom 2.50 bathrooms 1964 square feet 0.150 acres,

year built 2003 $409,000 list

NW Sacagawea La 4 bedroom 2.50 bathrooms 2096 square feet 0.120 acres,

year built 2008 $434,900 list

NW High Lakes Loop 3 bedroom 2.50 bathrooms 2098 square feet 0.130 acres,

year built 2010 $439,000 list

NW Dorion 3 bedroom 2.50 bathrooms 2157 square feet 0.130 acres,

year built 2012 $444,900 list

NW Frazer 3 bedroom 2.50 bathrooms 2250 square feet 0.130 acres,

year built 2012 $449,900 list

NW Lemhi Pass Dr 3 bedroom 2.50 bathrooms 2627 square feet 0.180 acres,

year built 2005 $474,900 list

NW Lolo Dr 3 bedroom 2.50 bathrooms 2185 square feet 0.130 acres,

year built 2012 $487,500 list

NW Shields Dr 3 bedroom 2.50 bathrooms 2324 square feet 0.160 acres,

year built 2004 $499,900 list

NW Frazer 3 bedroom 2 bathrooms 1878 square feet 0.129 acres,

year built 2012 $509,900 list

NW Fort Clatsop 3 bedroom 2.50 bathrooms 2613 square feet 0.140 acres,

year built 2005 $524,900 list

NW Shields Dr 4 bedroom 5 bathrooms 3572 square feet 0.169 acres,

year built 2005 $749,900 list

NW Lolo Dr 4 bedroom 2.50 bathrooms 3753 square feet 0.250 acres,

year built 2012 $769,900 list

Listing Count 17

Averages 2,198 square feet, $211.07 price per square foot, 116/116 days on market, $456,141 list

High 769,900 Low 229,000 Median 444,900

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.

Duke Warner Realty Market Trends for March are out!!

There are good signs that our real estate market is stabilizing and a recovery for the region has begun. If our two larger markets Bend and Redmond remain strong it should be a matter of time before our smaller markets like Prineville and south Deschutes County follow suit.


The market for homes under $225,000 is getting more and more competitive, not just in Bend but Redmond too. Redmond is selling homes under $125,000 as fast as they come onto the market. If you are going to buy in this class you better be prepared to act quickly as most well priced homes are receiving multiple offers. If you do not have a mortgage person guiding you on this process use this link to a list of mortgage brokers that have done well for our clients in the past.

For the second month in a row the number of homes that have taken a price reduction has fallen. This trend holds sway mostly in our hot categories with homes under $325,000. The categories above $325,000 are holding relatively steady in terms of price and quantities of homes available with a slight improvement in the number of homes sold.

Overall our inventory has slipped below 400 homes actively listed for sale. At any one time there is an average of 40 bank owned properties and 60 short sales that are actively listed for sale, both of these numbers have been on a downward trend but appear to have stabilized. It will be interesting to see how the recently passed Oregon House Bill 1552 which goes into effect in late June and was design to provide relief and clarity for distressed homeowners affects our distressed sales market. There are a variety of opinions on how the lenders are going to react but there is nothing decisive to report yet.

Builders too are feeling confident in the direction of our local market, last month was had the second highest number of new home permits being issued in the past twelve months. To see the most dramatic illustration of these new homes head out to NorthWest Crossing were more than a dozen new homes are under construction.

Click on the city of your preference to see this month’s Duke Warner Market Trend Report. The Bratton report will follow once it is released.

Bend       Redmond