Central Oregon Real Estate News
The number of days homes spend on the market hits post-recession low
List-to-sale time has dropped by more than 50% since 2010. ln yet another sign of the ultra-competitive housing market buyers now face, the time homes spend on the market has never been shorter since the recession began.
The median list-to-sale time, which is the period of time between when a listing is officially posted and when the home is officially sold, was just 64 days, down from 77 a year ago, according to real-estate website Trulia. This figure has consistently dropped every year since 2010. Read more here.
Box Factory adds tenants while nearby sites await redevelopment
When attorney Brian Gingerich was looking for a place to expand his custom motorcycle business to include a hangout spot celebrating all things moto, he said the long-vacant shed on SW Industrial Way was perfect.
It was zoned for industrial use, which guaranteed he could continue doing custom builds and restoration, and the rent was affordable. “It was full of hypodermics and broken skateboard parts,” Gingerich said. He opened Spoken Moto at 310 SW Industrial Way in 2016 with his business partner, Steve Buettner, and it has become the gathering place he envisioned. People work on their laptops and sip lattes at the front of the house while he cranks a wrench near the back door.
Although it’s been less than three years since Spoken Moto cleaned up the building, General Manager Pete West said he fields inquiries on a daily basis about whether the shop will have to move to make way for redevelopment. That’s how quickly the neighborhood appears to be transforming. To the west, new tenants are filling out the Box Factory, which recently completed a renovation that added storefronts and patio seating along NW Arizona Avenue. Spoken Moto’s landlord, Box Factory owner Killian Pacific, and other landowners are poised to take advantage of infrastructure improvements that would allow them to build six-story or seven-story residential buildings. Read more here.
Pilot Butte Drive-In Owner is ready to sell
One of Bend’s most recognizable restaurants, Pilot Butte Drive-In is for sale.
The business and its half-acre property at 917 NE Greenwood Ave. are listed together for $2.6 million. Read more here.
Bend’s Platypus Pub could be demolished by fall
The owner of the Platypus Pub property on NE Third Street is speeding up a plan to tear down the former church and replace it with a drive-thru restaurant.
Third Street Marketplace LLC co-owner Jake Ertle outlined his plans Wednesday morning for more than two dozen people who attended a neighborhood meeting, required by the city of Bend because the developer is seeking a conditional-use permit for the drive-thru. Read more here.
Featured property for sale:
320 Trailmere Circle, Caldera Springs
Premier High Mountain Lodge! Mt. Bachelor views framed in wood-wrapped windows in the Great Room, Dining Room, Lower-level Bonus Room, and even the stairwell! Extensive use of natural stone, travertine tile, granite, & timbers. The massive, natural stone fireplace and truss-work reach up to high, vaulted ceilings. There are hand troweled, textured walls throughout. Gourmet kitchen, with premium appliances including a 6-burner gas cooktop plumbed with a pot spigot and a large farmhouse sink. Read more about this home, and take the 3D tours Here.