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Fannie Mae Concluded Years Ago That Principal Reductions Could Reduce Losses
As much as I want to, I will refrain from including my personal opinion about DeMarco and his recent actions but I will say that this is unacceptable. Time and time again I hear loan servicers tell homeowners that they won’t be eligible for a short sale unless they are behind on mortgage payments. If […]
(Pending 7/7/10) Bend’s Best Buys – $134,500 in River Rim
(Pending on 7/7/10) This 3 bedroom/2 bath, 1482 sq. ft. home in River Rim was just listed today at $134,500. River Rim is a very desirable neighborhood in SW Bend with over 40 acres of open space, trails and parks with lovely mountain and meadow views. This is a short sale. The address is 19543 […]
Bank of America to start waiving deficiency rights
This is HUGE news for anyone considering a short sale with Bank of America. If you read my blog post titled “Short Sale Pitfalls” you should know that the key in any short sale is getting the lender to waive their right to pursue a deficiency. B of A was one of the lenders that […]
Housing Inventory Plummets in Bend
An inventory of 6 months is considered to be a balanced market. Anything less signifies a seller’s market and anything greater indicates a buyer’s market. For homes listed at $300,000 or less, which is the most active segment of the market, the inventory is currently 3 months. Bend’s median home price seems to have bottomed at $195,000 in April of this year and currently sits at $220,000.
Bend’s Best Buys – Formerly $1.6 million, now $639,900 (Now Pending)
I showed this home to some buyers when it was listed at $1.6 million. Now it’s bank owned and listed at $639,900. This 4100 square foot home was built in 2007 and has 4 bedrooms/4 baths, a bonus/media room with full bar, separate family room/loft area, formal dining room, detached 1 bedroom guest house, and […]
Bend’s Best Buys – West side remodel $279,900 (SOLD)
This new listing caught my eye since I drive by this house regularly. It’s located at the corner of 14th and Jacksonville on the west side. This 3 bed/2 bath, 1830 sq. ft. home was built in 1919 but recently remodeled. Some of the upgrades include granite counter tops, alder cabinets, distressed hickory and tile flooring, and […]
December 2008 Real Estate Statistics
There were slightly more pending sales and sales in December compared to November. The majority of home sales continue to fall in the $200,000 – $300,000 range. Not a single home sold over $600,000. View the complete statistics here: December 2008 Home Sales
Bend Real Estate Statistics November 2008
November was a slow month with only 69 homes selling compared to 132 home sales last November. There are still a lot of short sales and bank owned properties getting attention but they’re not the only homes selling. The home that sold for $150,000 was not a short sale or banked owned property. It was a […]
Deschutes County “Real Market Value” vs. Sales Price
I recently performed a CMA for a homeowner and determined a list price in the $225,000 – $250,000 range. The homeowner was surprised the value was so low because her most recent tax statement provided a “real market value” (RMV) of $290,000. She was under the impression that the RMV that the county assigns is fairly […]
July 2008 Real Estate Statistics
I compiled the July 2008 real estate statistics and again, not much has changed. What really stands out is the fact that there were zero homes contingent, pending or sold in the $850,000 – $1,000,000 price range but 114 homes for sale. We’re still seeing the most activity in the $200,000 – $250,000 range and really, even […]
Bend, Oregon featured in USA Today
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’ […]
Mirada Model Home Best Value in its Category!
The tour home at Mirada was awarded “Best Value” in its category for 2008 COBA Tour of Homes. I was one of the hosts in the model last weekend and I’m so happy about the feedback we got from attendees. It’s wonderful to hear people say things like “We’ve been to every home in this price range on the tour […]
919 Bond Street – Modern Living, Downtown Bend
I attended an event at the 919 Bond Building last night. Man that place is swanky. I instantly felt hipper the second I walked through the doors. The 919 Bond building located downtown was developed by Taylor Pickhardt Development LLC and features 4 modern condominiums, a street level restaurant, The Loft of Bend private wine club, full […]
Rocky Point Riverfront Townhomes
I have to brag a little if I may. It’s no secret that the real estate market is slow. Many people that absolutely have to sell can’t and others that would like to don’t dare listing because they’re convinced they can’t sell. They won’t even try. At Rocky Point, we have sold 2 of […]
March Real Estate Statistics
There really wasn’t a whole lot of change from February to March. Sold properties are up a bit from January but not substantially. Most of the activity is in the $200-$300,000 price range, which partially explains why the median home price is currently about $290,000. You can view the March Statistics here: March 2008 Real Estate Statistics
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