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All About Oregon Real Estate

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Once the roads into the high Cascades have been closed for the winter, there are more limited hiking opportunities for Central Oregonians. However, one favorite hike is close to La Pine state park and on the road to Newberry Crater. This is the Peter Skene Ogden trail which follows Paulina Creek all the way to Paulina Lake. Hikers can take the trail as far as they wish, although during winters with heavy snow, it can be challenging and snow shoes would be recommended.November 2, 2024 was scheduled to be cloudy, but dry. The lower elevations of Peter Skene Ogden Trail had patchy snow, but it was easy walking. Two and a quarter miles into the hike, the second large, "twin" waterfall is passed and then the hike steepens until the bridge is reached which crosses over Paulina Creek. Past the...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's in the November 2024 Bend Premier Newsletter?Our latest newsletter has some great articles geared for the fall season. In particular, the newsletter includes the following: Bend Home Prices Up in October Green Bean Casserole November Home Fixes Not to Forget Hiking Tam McArthur Rim to No Name Lake in the Fall is an Experience Why Buying Now is Worth It Original post can be read at Bend Premier Real Estate's website.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Prices Up In October The trend seen over the past four months changed in October when year over year Bend home prices rose rather than fell. Both average and median Bend single family home sales prices were up, perhaps a reflection of lower interest rates seen in September which enabled more home buyers to purchase higher priced homes or an unusual anomaly which was reflected with a large number of million dollar plus homes (over 35% of total home sales) closing. Typically in the fall, home sellers which did not sell their properties during the summer peak selling season will often discount their asking price - often generating offers. Of the sixty Bend homes that closed in October for over a million dollars, forty-seven closed significantly under their original asking price ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Cascade Mountain Hikes in Fall Can Have Unexpected Weather Conditions Hiking in the Oregon Cascades in the fall can offer amazing experiences with stunning views, early snow, fall colors, and no need for forest passes. However, the weather can also change suddenly and hikers need to be prepared. On October 26, 2024, the hike from Three Creeks Lake to Tam McArthur Rim began with low clouds covering the Cascades. The hike up from the trailhead (the sign was already covered for winter), to the rim experienced some wind, although much of the early part of the trail was in sheltered forest. Once reaching the rim, the winds really picked up, but the clouds also lifted so that the mountains (Broken Top, The Three Sisters, Mt Washington, Three Fingered Jack) could be seen. Typically the unmain...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Luxury Home Inventory is Up For Bend buyers looking for their ideal luxury home, there was a significant increase in the number of homes for them to pick from in 3rd quarter 2024. When we look at Bend million dollar homes, the categories of homes for sale over $1,300,000 had anywhere from 45% to 89% more listings for buyers to consider. It appeared that more sellers were willing to list their property in 2024 than in 2023, perhaps tied in with lower mortgage interest rates experienced in this time period; the cost to sellers for their financed replacement home would be less with lower rates, often making the seller determine that the time to list was then. Is it a Seller's Market for Bend Luxury Home Sales? We are seeing changes in the Bend high end market. Homes that sold quickly...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Redmond Oregon Home Prices Have Leveled Off Redmond is a quick 15 minute drive north of Bend and has been a great option for those Central Oregon home buyers who cannot afford Bend, in addition to those who just want to live in a growing community that is supportive of business and family. Unlike other areas of Central Oregon, Redmond has been consistent with its home prices. Few luxury homes are found in Redmond, but rather a more homogeneous housing mix of middle class homes. Redmond home sales for third quarter 2024 reflect this consistency. Looking year over year comparing single family home sales on less than an acre third quarter 2024 with third quarter 2023, the following changes can be seen: Average sales price down .8% to $552,519* Median sales price down 3% to $509,235 New li...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Is Central Oregon Real Estate Moving to a Balanced Market? In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's in the October 2024 Bend Premier Real Estate Newsletter? Our latest newsletter has some great articles on Central Oregon market trends, activities and more. Check it out! Bend Home Sales Are Up Easy Cheeseburger Soup Fall Activities in Central Oregon Canyon Meadow Hike The Top Three Reasons Affordability is Improving .  
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Sales Up With More Inventory and Lower Mortgage Rates It appears that the tide has turned and Bend home buyers are now experiencing lower prices, more choices with more inventory, and better interests rates. This has enabled more buyers to enter the market and more sellers to have confidence listing their home, knowing that their replacement property will cost less than it did just six months ago. This has generated more early fall business than we normally see and a more balanced Bend real estate market. When September 2024 is compared with September 2023, the following changes to Bend home sales can be noted: Average sales price down 11.3% to $837,153* Median sales price down 4.7% to $713,500 Original list price down 4.3% to $882,186 Median sales price down 2.8% to $737,400...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Canyon Meadow is a Permitted Hike in the Mt Jefferson Wilderness Canyon Meadow is a relatively easy hike in Central Oregon if limited to just the meadow loop which takes trekkers through burned forest, old growth forest and the meadow back to the beginning at Jack Lake. However, many will take the one way climb past the meadow up to the base of Three Fingered Jack. This adds significant elevation gain as well as beautiful views of Three Fingered Jack, sometimes including mountain goats and technical climbers on the craggy top of the mountain. For those adventurous enough to climb the loose rock and pumice past the glacial lake onto the ridge separating Three Fingered Jack from the nearby unnamed hill, the views south toward the Three Sisters and Mt. Washington and the views north towar...
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By Zachary Boutin, CPA, Oregon's Tax Problem Solver
(First Response Resolution, LLC)
Welcome to First Response Resolution, LLC’s official blog! We are a specialty tax firm practicing in Eagle Point Oregon. The focus of my practice is solving tax problems for individuals and businesses, and representing taxpayers before the IRS and their individual State Departments of Revenue. Think of us as your Financial First Responders who specialize in saving troubled taxpayers. We help people who are struggling with tax problems get their lives back on track so they can focus on what matters most to them.In this blog post we will be discussing one of the most critical IRS Notices taxpayers may ever receive, IRS Letter 11. This notice hasn’t been sent by the IRS since before COVID, but as of last month they have resumed these collection activities in full force. If you or someone y...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's in the September 2024 Bend Premier Real Estate Newsletter? Are Lower Mortgage Rates Spurring Bend Sales? Summertime Fruit Salad 10 Things to Do in September Take the Climbers Trail to Middle Sister Early Forecasts for the 2025 Housing Market See Bend Premier Real Estate for more great blogs.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Are Lower Mortgage Interest Rates Spurring Bend Real Estate Sales? Mortgage interest rates have come down to their lowest rate in a year with the 30 year mortgage now at 6.35%. This has made a difference in both the buying and selling side of Bend home sales with buyers now being able to afford more than they could just a few months ago and sellers, who have been sitting on the fence on whether or not they wanted to give up their great mortgage rate for a new, higher one on a different home, feeling comfortable enough to at last list their home.  We are seeing more listings at lower median and average listing prices and more pending sales in August as a result. When August 2024 is compared with August 2023 for Bend single family home sales on less than an acre, the following changes ca...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
If you are one of the people who love to climb mountains, you are probably familiar with the climber's trail which provides the established way to summit North Sister in the Oregon Cascades. For those not that ambitious but who love a long day hike, taking the trail part way will enable hikers to have amazing Cascades views plus close up access to Hayden Glacier on Middle Sister. The route to Hayden Glacier starts at the Pole Creek Trailhead. This is the same trail that is taken to reach Camp Lake which provides for wonderful access to the north facing slopes of South Sister. The first 3.5 miles is through the burned forest of the 2012 Pole Creek fire, but after leaving burned woods, the trail enters healthy forest and the trek is shaded. Before hikers reach the North Fork of Whychus C...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Golden Lake is Not an Easy HikeFor Central Oregon residents and visitors looking for a great day hike, there are a good number of options available. For many, a hike of 2 to 4 miles to an amazing destination followed by the same distance back can create a full day with time to relax and enjoy both the original destination and the time back home. However, for those wishing to see more in the Cascade forests besides what is seen in a day hike, many will backpack and spend more time enjoying the destination before venturing further or coming back. Golden Lake is one of those rarely seen destinations. It can be accessed through multiple approaches. These include the popular Green Lakes Trail in which hikers walk past the northern most Green Lake and travel above the valley to the pass betwe...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Black Crater Trailhead is Located off McKenzie Hwy 242 For those wanting a relatively short hike which provides for a lot of elevation gain, Black Crater is one of the best. Located off McKenzie Hwy 242, the hike is limited to the summer season when McKenzie Hwy opens each year. Unfortunately, the 2017 Milli fire burned a lot of the forest on McKenzie Hwy, and the lower slopes of Black Crater were impacted. In the seven years since the Milli fire, manzanita, certain grasses, some wildflowers, and young trees have begun to grow in the dead landscape, but it will take decades until the cinder cone is entirely forested again. The one advantage of the burned forest is the views toward Mt. Washington are far more visible in the lower elevations than they would have been eight years ago. Rou...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Camp Lake is at the Base of South Sister Although many will hike to Green Lakes and enjoy the experience of the lakes in the valley between South Sister and Broken Top, relatively few hike to Camp Lake and see South Sister so close from the north. The hike to Camp Lake (Pole Creek trailhead just outside of Sisters) takes you through several miles of burned forest before hikers enter living forest, so it can be hot and dusty in the summer. However, once hikers reach unburned trees, the hike becomes more pleasant. In recent years, the fallen trees of the burned forest have been cleared from the path, so scrambling over, under and around fallen logs was not an issue in 2024.  On August 3, 2024, the air in Central Oregon was better than it had been earlier in the week (many Oregon forest f...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's in the August 2024 Bend Premier Newsletter?The latest issue of the Bend Premier Real Estate newsletter has great articles on the following topics: Bend Real Estate Sales at a Crossroads Avocado Peach Salsa August Home Maintenance Checklist Hike Cooper Spur on Mt Hood Home Inspections for Sellers: How to Prepare Original blog can be read at Bend Premier Real Estate's website.
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Real Estate Sales at a CrossroadsThe data has been published and the trends we have seen for many years for Bend home sales have changed. Instead of seeing home sales prices increasing year over year, in July 2024 home sales prices decreased year over year. This change directly reflects on the increased inventory levels the town has experienced in the last few months. The Covid pandemic resulted in tremendous demand for Bend homes which drove the price up when inventory could not keep up with the number of people wanting a Bend home. Now, at a level pushing four months of supply, the Bend home market is at a transitional time with many more homes and a more limited buyer pool. High home prices and high mortgage interest rates have priced many out of the Bend market and sellers are ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Prineville Home Sales Trends Mixed The Prineville Oregon real estate market appears to be showing good sales the first half of 2024. While home prices are up year over year, it is at what is considered a normal healthy market increase. New listings are up, but so are sold and pending homes. Days on market are down and inventory levels are reflecting a strong buyer's market. It appears that people are moving to Prineville and there is demand for active listings in the market.When the first half of 2024 is compared with the first half of 2023, the following changes for Prineville real estate sales can be noted: Average sales price up 5.5% to $424,172* Median sales price up 3% to $415,750 Average list price up 3.7% to $448,024 Median list price unchanged at $432,495 New listings up 13% to ...
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