2018 was a great year for the Real Estate market, but what does 2019 have in store?
Overall the price of homes in Central Oregon the past few years have increased, but just lately have started to flat line. Not decreasing, just not increasing as much as the recent past. Single-family home sales increased by 7% from 2017, with a median sales price of $427,000. Even though economists are predicting a slow- down in the Real Estate world, there’s hope. Bend still attracts an influx of buyers from metropolitan areas, with an estimate of 5,000 people moving to the area in the next several years. Areas may vary.
U.S. Mortgage Rates average as of March 2019:
30 year fixed: 4.35%
15 year fixed: 4%
5/1 year adj.: 4%
(Courtesy of Coldwell Banker)
Our Featured Property This Week- 16775 Pony Express Way, Bend
Riverfront home with room for everybody! Tucked away in the resort-like community of River Meadows, this exceptionally maintained home has all of the features you’ve been looking for. Covered front porch and back deck with pavers mean no maintenance. The Master Suite is on the main floor. High efficiency hybrid heating system, tankless hot water, closet organizers, large bonus room with built-in bunks, gourmet kitchen with cherry cabinets and granite tile counter tops and more. Extensive use of windows take advantage of river views and natural lighting. Located only minutes south of Sunriver, River Meadows has a community pool, walking and bike paths, sport courts and a boat launch. Easy access to Mt. Bachelor, world-class fly fishing, the High Lakes and more. Go to our website and take the 3D tour of this beautiful home!