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.

My Tardy Bend, Oregon Market Trends Report for January 2012

Once again I am tardy with last month’s market trend reports for Bend, Oregon.

Things are looking better here for the real estate market in Bend, Oregon. Once again we are hitting the top of a couple of “Best of Lists”. Check out these two links from the past month,

Mount Bachelor uphill from 'Beer City USA'   seattletimes.nwsource.com

http://adventure.nationalgeographic.com/adventure/trips/best-ski-towns-photos/

Bend continues to be one of the finest places to live, work and play. Local Pete Alport has put together a short Youtube video piece that helps define why so many of us choose to live here. 360 Degrees of Mt. Bachelor by Pete Alport www.youtube.com

Our local real estate market continues to recover as we bounce along the bottom. As mentioned in this blog previously it is my humble opinion that we have hit the bottom of the market. My observation through hindsight is that we bottomed around the spring of 2009 and have been bouncing up and down in small increments for the last three years.

Currently new listings are on the rise but our inventory continues to shrink. Last month there were 22 new listings above the previous month, yet overall inventory of residential homes in Bend dropped by 73 to 432 homes.

Of these listings distressed properties continue to have a smaller presence in our market. As of today (2/21/12) there are 41 bank owned, 48 short sale and 353 traditional sale residential properties actively listed. Of course this is leading to quite a bit of competition for the better priced homes. We still continue to see the seller who believes they need to recover a good portion of their investment made back in the hay days of 2004 -2006 but more often folks are coming around to the reality that those dollars are gone for the foreseeable future.

With that said now is the time to take action!! If you have been sitting of the fence waiting for someone to declare we have hit the bottom, it has now been declared so get off the fence. Interest rates are low but will not stay there for much longer, home prices are still low but our selection is limited. We see incredible properties all the time; they just do not last long. So if you are jumping in to the market come prepared. Have your funding squared away, talk to a good lender; get pre-approved for your loan. I have a couple of very highly regard mortgage specialist I can recommend. If you are a cash buyer have your proof of funds easily accessible and let’s go hunting for a property in Central Oregon.