Posts
“Just The Facts, Ma’am”
Just The Facts Thought again about using emerging AI (Artificial Intelligence) and a chatbot, in this case ChatGPT, to see if it could replicate the inimitable style of this newsletter and save us some real time. Instead, we’ve decided on an altogether different tack. Impossible as it may seem, this month we’ll stick to just…
“I Hear That Train A Comin'” . . . January 2023
January 2023 Well, the Bend weather in January was almost as cold as the market (or maybe it’s the other way around). Whatever the case, as predicted, January was one to forget. We saw the purchase of just 83 homes (single family residential on less than an acre). That’s two consecutive months of less than…
Bend Real Estate . . . Uncertainty Ahead
December 2022 Just occasionally, our fearless pundit gets it right; when he does, unfortunately, he likes to toot his own horn. Case in point . . . a quote from last month’s “looking ahead” section, “In the short term, I think it’s unlikely that we’ll see 100 sales in December.” Truth be told, we saw…
More of the Same . . . November 2022
More of the Same I guess the big news for November was that Mt. Bachelor opened on time (November 30) with a very healthy base. On the real estate front, things weren’t quite so exciting . . . it was basically just a bit more of the same. One thing, for sure, the market certainly…
October 2022 . . . “Blah”
A “Blah” Month It seems that October is always sort of dull, for lack of a better term: a rather “blah” month. The excitement and frenzy of summer is past, the tourists are gone; the anticipation of snow and a good winter is just that–anticipation. But, I guess there’s always high school football (especially this…
Bend Real Estate . . . September 2022 (and a trip to Atlanta, Idaho)
Bend Real Estate . . . September 2022 It’s tough, month after month, to try to come up with some sort of witty or clever title for ones email newsletter. After a while, every post begins to sound the same; only the numbers are different. Here we go again . . . we saw the…
August 2022 . . . “Smoke Season”
End of Summer (in the City) While the “Dog Days” (don’t worry, no more Florence and The Machine) are now behind us, the August weather in Bend continued to scorch . . . as we moved into “smoke season” with 22 days of over 90 degrees, to be exact. What’s that you say about “climate…
Hot, Hot, Hot (The Weather, Not The Market)
Dog Days of Summer While the “Dog Days of Summer” brought sweltering weather to Bend, the real estate wasn’t so hot. Things stalled out a bit. And, as our fearless pundit had prophesied a month ago (” . . . we’ll be lucky to see 175 sales in July”), the market took the hint and…
Inventory Swells; Bend’s Median Price Sinks
What’s Up? June 2022 In past months, we’ve hinted at change ahead in our market. Well, that change is here . . . reflected by a rather substantial increase in our available inventory. While still a strong “seller’s market,” we’ve seen our available inventory jump to 1.9 months overall . . . the first real…
The Times They Are A-Changin’ . . .
The Shift Is On The times have actually been changing for awhile; the market shift has been subtly happening for months. We’ve seen a bit of a rise in available inventory–both nationally and locally (up to 1.3 months now!). Even a move slightly into buyer’s territory; though still a very long ways from an actual…