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July 5, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Bend, Oregon

Reported by Jeannene Brown-Aid Michael D. AidBrokers, ABR, CRS, GRI

Updated April 18, 2008.

Current Market Rating: 2




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Seller's

Current Price Trend: 2




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Rising

Here it is 2008 and our interest rates are the lowest in 4 years. There has been an increase in activity since the beginning of this year. The inventory is high but homes are selling. It's a great opportunity to take advantage of the lower interest rates and prices in the best buyers market in 20 years. POSITIONING your home in today's Market is the key, if the market is not responding in a way that will get you where you want to go, on time, you may have to consider repositioning your home, or otherwise be patient. We are constantly reminded that Bend is the place people want to be.

If you are in a position to buy, this spring could present some good opportunities for the investor to buy and hold for the next cycle. In looking at opportunities make sure that a complete market overview is done prior to buying. If we can be of service, do not hesitate to contact us.

ZIP Codes: 97701, 97702

Location Characteristics: A passion for recreation is what brings many people to Bend, Oregon. Located in the High Desert of Central Oregon, Bend is famous for its many forms of outdoor recreation. Kayakers and rafters shoot through the exciting triple waterfalls of the Deschutes River. The Deschutes, Metolius and Crooked Rivers also offer fantastic fly fishing, with more than 500 miles of streams and rivers stocked with trout and steelhead. Golfers have over 20 top-rated courses nearby, offering every kind of golf challenge. Mountain bike cyclists can choose off road riding in uncrowded lush forests, high mountain peaks, lava fields or desert.

Mt. Bachelor's ten alpine lifts, six of them high speed, give skiers 3,683 acres of ski slopes, with 1,600 acres groomed daily. Parks and pipes for snowboarders are a priority, making Mt. Bachelor one of Oregon's premier snowboarding areas. Cross country skiing on the 56 kilometers of trails on Mt. Bachelor is a popular winter sport. Snowmobilers have 560 miles of groomed trails to choose from in the Deschutes National Forest, with 175 miles of that in the Bend District. Snow tubing, snowshoeing and sled dog rides are also exciting and memorable activities for your family. World class rock climbing and miles of hiking trails at Smith Rock State Park makes it a popular retreat for climbers and hikers. Back-country hikers and campers head into the solitude of the Three Sisters Wilderness, while others take a hike in the more than 2.5 million acres of national forests in the Bend area. Parks and picnicking abound in and around Bend. Almost all of the parks, lakes and rivers in the area have picnic areas. Bend has recreational fun for everyone!

Walking, shopping or dining in historic downtown Bend enhances your recreational experience. Drake Park's Mirror Pond, the jewel of downtown Bend, is a small lake with ducks, geese and swans. The wide stretches of green grass provide a restful counterpoint to the old brick and masonry buildings that compose Bends business area. Galleries, restaurants, outdoor eateries, boutiques and specialty shops are all within easy walking distance. Farther west from the downtown area is the historic "Old Mill District", located on a site where our lumber mills once operated, the buildings have been restored in their red lumber-mill theme, featuring upscale shopping, restaurants, movie theaters, and the Les Schwab outdoor amphitheater which is used for various summer concerts and entertainment. A good selection of shopping malls and factory-outlet shopping is available in Bend and the outlying areas.

For a panoramic view of Bend and the volcanic peaks around , take a walk or a drive to the top of Pilot Butte. From this 511 feet high volcanic cinder cone, you can see a vista of the high desert region, including nine snow-capped Cascade peaks. A few of the peaks you'll see are the Three Sisters, Broken Top Mountain and Mt. Jefferson. An even finer view can be found at the Newberry National Volcanic Monument. This monument stretches from Paulina Peak to the Deschutes River and includes hiking trails, lava formations, obsidian fields, and waterfalls, as well as incredible scenery. Also in the Newberry Monument area is the 18 square mile Newberry Crater, which includes Paulina and East lakes, two of Oregon's best mountain fishing lakes.

Spelunking, also called caving, in the lava tubes at Skeleton Cave, Arnold Ice Caves or Lava River Caves will show you how the underground half lives. Lava River Cave (Oregon's longest continuous lava tube) is a good beginner cave for families to explore. Geocatchers can look for the Earth cache located at this site. All cavers should bring their own light, and wear warm clothing and boots - the cave temperature is approximately 40 F.

No one can accomplish all there is to do in Bend in one visit. Choose a few of the many opportunities waiting for you, and then, plan what you will do on your next trip to this fascinating recreation Mecca.



For More Information:

View Market Conditions of other areas served by Jeannene Brown-Aid Michael D. AidBrokers

Navigate: Top > Oregon > Bend

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.



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