As a local realtor in Bend, Oregon, I have a daily front-row seat to the changes happening in our real estate market. And I have to say, the changes I have seen in recent years have been surprising and exciting. In this blog post, I am going to share with you 5 surprising ways that Bend’s real estate market is changing, and what it means for buyers and sellers.
- Remote buyers: The pandemic has led to an increase in remote buyers, who are looking to relocate to Bend from other parts of the country. Many of these buyers are looking for a change of pace, and Bend’s outdoor recreation and laid-back lifestyle are a big draw.
- Rising prices: The demand for homes in Bend is high, and as a result, prices are on the rise. This is good news for sellers, but buyers need to be prepared for a more competitive market.
- More luxury homes: Bend’s real estate market is seeing an increase in luxury homes, particularly in the $1 million and above price range. This is due to a growing number of high net worth individuals moving to Bend.
- Increased interest in green homes: With the growing awareness of environmental issues, many buyers are looking for homes that are energy-efficient and sustainable. This has led to an increase in demand for green homes in Bend.
- Growing popularity of tiny homes: Tiny homes are becoming increasingly popular in Bend, as they offer a more affordable housing option and a simpler way of life. Many buyers are drawn to the minimalist lifestyle and low maintenance of tiny homes.
If you’re thinking of buying or selling in Bend, I would love to help you navigate the market. Contact me today for more information about the current market conditions and how to make the best decision for you and your family.