It was bound to happen. It's surprising how swiftly the bargain hunters swooped into Bend in the last of Summer. I have been told that news of the great buys in Bend has spread to Seattle, Portland, and Eugene. It must have because suddenly homes have started to sell again in Bend. Particularly the lower priced inventory of bank owned and short sale houses that first time buyers find easy to purchase and investors find make good rentals. Prices have bottomed and started back up as evidenced on several sales charts. Average days on the market is getting shorter. Sensing this no doubt, many bargain hunters have snapped up many of the tempting inventory. More houses are going into foreclosure still but as they come on the market there seem to be ready buyers.
The low ball offers are now being rejected by the banks on occasion and in the case of some houses that are really great bargains multiple offers are coming in and the prices are being driven up over asking prices. The higher end houses like shown on this web site are being discounted down to prices that are amazing. Out of state buyers that come into my office are astonished at what incredible values are to be had in Bend for grand lavish homes with the finest features, views, river frontage, etc. Check out Bend's Best on the menu bar to see what some have been discounted down to. So far the rush to buy has not found the higher end houses but some are selling. Anyone looking to buy a spectacular second home or re-locate to our great area will find that now is the time to jump on the bargains. Prices for the town have declined on the average 42% but some houses have been dicounted even more. You could call me with practically any desire in a luxury home and I will know of a few that fit your description. There are some really incredible homes selling for unbelievable prices. It won't be long before the bargain hunter discover them too.
Joe