The Bend, Oregon real estate market was just featured (in a positive light) in USA Today. The article stated “it’s a great time to buy a home in Bend, Oregon.” I think this type of nationally published article is very important for the Bend real estate market for several reasons. Many Bend locals are unable to take advantage of this great buyers’ market because so many of them have to get their homes sold first. We’re stuck in a vicious circle. Many home sellers in Bend are relying on buyers from out of the area to move to Bend and purchase. Even in this slow market, plenty of people are looking for second/vacation homes and either have the cash to purchase or don’t need to sell anything but might not have decided where they want to purchase. Maybe they have decided on Bend but need some reassurance that it’s a good time to buy.
You can read the entire USA Today article here: Low prices, big inventory invite home buyers to Bend, Ore. – USATODAY.com*
The $6,000,000 home featured in the article is listed by Dan and Ronda Reedy in my office, Total Property Resources. They are definitely relying on out of area high-end buyers to get a home in that price range sold and it doesn’t get much better than free national advertising. The USA Today article resulted in a feature on KTVZ news as well. You can watch the video by clicking here: Pricey Bend Home Draws National Spotlight