Prices seem stiff but am seeing a lot of price reductions within a week of list date. I'm an ABR broker as well....

 New listing:  Basic 1 level ranch near St. Charles at $500k (asking) needs updating but has a huge lot for a veggie garden and a side yard/front yard for RV parking.  541-771-8947

Crater Lake

 

Crater Lake Named Oregon’s Most Beautiful Place – Simply Stunning

Crater Lake by Ray_Explores via Flickr CC2.

7,700 years ago Mount Mazama exploded in the largest eruption the Cascade Range has seen in the last hundred thousand years, leaving a huge caldera in the mountain’s center.  This caldera filled with water and formed the 1,949 foot deep lake we know and love today.

Markets in a Minute. Black Knight says...Wall Street Journal denotes...

 

30 YEAR FIXED MORTGAGE RATE MOVEMENT

For the Week Ending December 9, 2022

Mary, Please enjoy this quick update on what happened this week in the housing and financial markets.
	Nonfarm payrolls rose 263K in October, well above the expected 200K. Wages jumped 0.6%, double the estimate, which could fuel inflation.
	Money supply growth fell in October to a 39-month low, continuing a 7-month decline and signaling a slowdown in economic activity.
	After 4 consecutive 0.75% interest rate hikes, the Fed is widely expected to increase rates by 0.50% at its December meeting next week.
	Black Knight reports the pace of home price declines slowed by 0.43% in October, the smallest drop this year, due to inventory shortages.
	According to a recent Wall Street Journal article, almost 70% of households with mortgages have rates below 4% and are reluctant to sell.
	Despite steadily improving rates, purchase mortgage applications fell 1.9% week to week and were 40% lower than the same week a year ago.

"In order to carry a positive action, we must develop here a positive vision." Dalai Lama

Newest stats from our MLS...

 

BEND, OREGON MARKET UPDATE FOR JANUARY 2023 $678,000 Median Price (down from December) $340 Median Price Per Sq Ft (down from December) 98 Total Residential Sales (down from December) 1.5 Months of Current Inventory (same as December) 30 Median Days on Market (up from December) Courtesy of the Central Oregon Multiple Listing Service

Megabuilder in se Bend is dropping prices as well as offering a $16,000 credit when using his lender! Prices under $675,000...541-330-1700

Central Oregon Medium price range and stats for Deschutes County...

 

 

VIEW MY LISTINGS

 

 

Mary Gemba
Deschutes Realty

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Your market area highlights

Central Oregon Association of Realtors (6906)  Edit MLS Info/Zip Codes

Zip Codes You Service: 97701|97702|97707|97756

13

Added

44

Updated

$699,900

Average Price

69

Average DOM

86

Total Listings

Bend's Best Buy is under $500k in the Old Mill District with 3 beds/ 3 baths (two story) 541-330-1700

Bend's Best Buy is a rare piece of property out in the country on an acre with 1 acre of COI water rights yet close-in (under $700k)

9 new residential listings today in Bend starting at $495,000....541-330-1700

HOUZZ recommends spiffing up your kitchen with creamy whites and clean gray....

 8. Creamy Whites and Grays Brighten Things Up

Kitchen at a Glance
Who lives here: Ted and Melissa Friebe and their two teenage sons
Location: San Clemente, California
Size: 282 square feet (26 square meters)
Designer: Lea Biermann of Preferred Kitchen & Bath

Dark wood cabinetry and an odd curved island had these Southern California homeowners searching Houzz for a local designer to help. They found Lea Biermann, who straightened things out and brightened up the space with a palette of creamy white and light gray. Wood accents around the range, a handmade tile backsplash, concrete pendant lights and French oak engineered wood flooring add coziness to the modern room.

https://www.houzz.com/magazine/the-most-popular-kitchen-tours-of-2021-stsetivw-vs~155680166?utm_campaign=houzz-digest&utm_source=blueshift&utm_m

Owner Will Carry (Builder is almost finished w 4 homes in Prineville) Priced under $450,000 and on 2 levels 4 beds/ 2.5 baths....

Market Area Highlights....

 

Your market area highlights

Central Oregon Association of Realtors (6906)  Edit MLS Info/Zip Codes

Zip Codes You Service: 97701|97702|97707|97756

8

Added

39

Updated

$709,000

Average Price

71

Average DOM

81

Total Listings

4 new residential listing in Bend and 1 is already PENDING

 that's the news for the day.

Oregon's LX Design has a 5 star rating!

  https://www.alignable.com/wilsonville-or/lx-design

  LX Design

There's a small handful of new listings in Bend but maybe the best buy is in Shevlin Park area under $725k w 3 beds/ 3 baths.

 Paint color might not be for everybody.

MOVING? Let my 36 years of experience make it easier for you. I've sold dozens of my own properties so I CAN RELATE! HOW provided as well.

What's an HOW?  It's a Home Owner Warranty that warrants the workings of a home DURING the listing period as well as for a year AFTER the sale (for the benefit of the Buyer with NO cost to you.! 

It's a peace of mind during the listing period for the Owner and a peace of mind for the Purchaser.

There are 3 companies I work with and it depends on the home, the age......(value is $450 +/- )  

and A GIFT TO YOU.

Need a cleaner?  Need a mover?  Need a painter?  Call me for an appointment to decide your options.

541-771-8947

JUST a little over $1 mil in town backing to National Forest ! Single level custom home built by Sun Forest with over 2500 sf on 2 1/2 acres!