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November 23, 2009



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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Bend, Oregon

Reported by Norma DuBois, REALTOR, CRS, GRI

Updated July 15, 2009.

Current Market Rating: 1



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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

The question I am continually asked is "Where is the bottom of the market?" The best answer I can give, is "we'll know when we look back and realized we missed it". Is now the bottom? It's sure feeling like we're bouncing along there. As more and more sellers are accepting the reality of the market place and are willing to price their homes at market value, we are seeing brisk buying activity and even multiple offers again. Couple this with foreclosed homes and short sales and it's a field day for buyers. This is certainly not like the buying frenze we experienced in 2004 to late 2006, but rather a more healthy, steady and stable trend of business. We may never see this kind of a home buying opportunity again. The time has never been better be a buyer in Bend, Oregon. Even with the lower prices, many sellers and developers are still willing to negotiate. Some sellers are in a position to carry contracts or offer creative financing options. The best selection of homes and properties one could hope for can be found throughout town. From downtown condos, to golf communities, to quiet neighbohoods, to country homes, to farms & ranches - it's all here. This is Bend, Oregon and people want to live here.

My team and I look forward to serving you.

Norma

ZIP Codes: 97701, 97702

Location Characteristics: Bend and Central Oregon are a mecca for recreation - whether your passion is golf, skiing, hiking, fishing, hunting, biking, or snowshoeing - it's all here just outside your doorstep. Downtown Bend has a unique character and offers an array of fine dining establishments, wine bars, art galleries, community theater, shopping and more. Not far from Downtown is the popular Old Mill District offering a 16 plex, state of the art, movie theater, fine shops - both local and national retailers, restaurants, lodging, and class A offices including Coldwell Banker Morris Real Estate.

For More Information:

View Market Conditions of other areas served by Norma DuBois

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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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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