Posts
December 2023 . . . The End of a Difficult Year
December 2023 Another funky month (actually a pretty funky year) and not even any photos of Costa Rica . . . we saw the purchase of just 92 homes (single family residential on less than an acre); that’s the second lowest total in more than 15 years. One of a very few months where we…
November 2023 and “Pura Vida”
November 2023 A funky month, no doubt . . . but haven’t they all been lately? We saw the purchase of just 108 homes (single family residential on less than an acre); that’s the lowest figure in 10 months. Median price dropped also, to $702,750 after a yearly high of $800,000 in July. Available inventory…
October 2023 . . . Same Old, Same Old!
October in a Nutshell In October, we got exactly what we expected from the Bend real estate market–to put it bluntly–more of the same old slop! 129 sales (single family residential on less than an acre) . . . the fourth consecutive month under 150 (with no sign of that changing). To put things into…
September 2023 . . . Just A Tad Bit Uncertain!
Market Report . . . September 2023 This is starting to get kinda boring . . . as predicted, we did get more of the same in September. Though often considered a healthy month (181 sales in 2022; 242 in 2021), this past September just didn’t make it. Rising interest rates (topping out around 7.7%)…
Bend Real Estate . . . August 2023
A Bit of a Dud August real estate in Bend was a bit of a dud . . . maybe it was families wrapping up vacations or kids prepping for a return to school; maybe it was the smoke, or perhaps the continuing concerns about inflation or rising interest rates. Whatever the reasons, August was…
Ooof! Bend’s Median Price Hits $800,000
July Numbers The hoped for “big July” failed to materialize in Bend, as once again we fell short of the “Mendoza Line” (200 sales). In fact, with just 142 purchases (single family residential on less than an acre), after 6 consecutive months of increasing sales, we failed to reach the numbers of May and June….
AI and the Bend Real Estate Market
AI (Artificial Intelligence) and Real Estate The astute reader might notice that this post lacks the usual flair, the elan, and the casual dry wit of previous pieces. This month’s newsletter was written totally using AI and ChatGPT. A good month to test, but my apologies in advance . . . I won’t try it…
Bend’s Median Price Jumps $78,500 in a Month
May 2023 . . . In a Nutshell Makes for an exciting, perhaps hyperbolic, headline . . . a bump in median price of over $78,000 from April’s figure. But, I’m not altogether sure how much significance should be attached to the increase. . . we’re just about even with our median price from one…
April Showers . . .
April Showers The big excitement for Bend in April certainly wasn’t the performance of the real estate market. Instead, it was the weather–cold and wet, a seemingly endless string of powder days at Mt. Bachelor, a rainy/slushy/sloppy Rendezvan, maybe even the end of the drought. All this abruptly punctuated by a couple of summer-like days…
Bend Real Estate . . . March 2023
The Report . . . March 2023 The Real Estate numbers for Bend improved a wee bit in March . . . the weather did not (though Mt. Bachelor offered some of the best late season powder riding in memory, with a base of near 140 inches)! We topped 100 sales (single family residential on…