Posts with tag 'Bend'
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Bend Oregon Real Estate | June 2024 Trends
Bend Home Prices Up as are Inventory Levels
Bend home prices are up year over year but so are inventory levels. The rate of the increase in Bend home prices has dropped, but we are still not experiencing overall reduced home prices. While buyers have more options, mortgage interest rates (just short of 7% as of July 3, 2024) remain high which has limited the buying power for many. July typically is the busiest month of the year for Central Oregon home sales and it remains to be seen whether the combination of high prices and high mortgage interest rates will curtail Bend real estate sales this summer.When June 2024 is compared with June 2023, the following changes for Bend single family home sales on less than an acre can be noted:
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Homeowners Gained $28K in Equity over the Past Year
If you own a home, your net worth has probably gone up a lot over the past year. Bend home prices have been rising, which means you're building equity much faster than you might think. Here's how it works.
Equity is the current value of your home minus what you owe on the loan.
Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that's pushed prices up. That rise in prices has translated directly into increasing equity for homeowners.
How Much Equity Have You Earned over the Past 12 Months?
According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner's equity has g...
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What To Do When Your House Didn't Sell
If your listing expired and your house didn't sell, it's totally natural to feel a mix of frustration and disappointment. And as you're working through that, you're probably also wondering what went wrong and what you should do next.
If you still need to move and want to get it back on the market, here are some things to consider as you look back.
Was It Priced for Today's Market?
Setting the right price from...
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Focus on Time in the Bend Real Estate Market, Not Timing the Market
Should you buy a Bend home now or should you wait? That's a big question on many people's minds today. And while what timing is right for you will depend on a lot of other personal factors, here's something you may not have considered.
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Hike Tumalo Mountain for Stunning Cascade Mountain Views
The Hike to Tumalo Mountain Still Has Snow 6-22-24
After a winter which had good snowfall, hiking into the high Cascades has been delayed due to the snow accumulation. However, the warm days experienced over the past week have aided snow melt. Last Saturday, June 22, 2024, enough snow had melted on Tumalo Mountain to enable hikers to walk the 1450 feet of elevation gain in two miles from the trailhead to the top. It appeared as if half the time the trail was covered by snow, but it was fairly easy to follow the route until the last 1/2 mile; GPS helped navigate this as did microspikes over ice.The hike up Tumalo Mountain is only 2 miles, but the views from the top toward South and Middle Sister, Broken Top, and Mt Bachelor can be spectacular. For those who take the hike early in the day, often the only people at the top are those in your group. Tumalo Mountain is a great way to begin the summer hiking in the Cascades.
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