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gregpowell716

CENTRAL OREGON MARKET REPORT - JULY 5, 2023

New Listing - Townhome in Stonegate!

60367 Hedgewood Lane - Bend - $570,000

Beautiful and well cared for town-home in the Stonegate community, offering easy living and great amenities. High end finishes throughout, spacious living and open concept layout make this a great place to call home. The kitchen boasts stainless steel appliances, quartz countertops, a large island and a pantry for extra storage. All bedrooms are located upstairs and the primary bedroom features a large walk-in closet and a bathroom complete with a double sink vanity. Natural gas, forced air heating and air conditioning, provides year-round comfort. The fenced backyard requires minimal upkeep, allowing for low-maintenance outdoor enjoyment. Stonegate offers an array of desirable amenities, such as front yard maintenance, a community pool, a clubhouse, a playground, and miles of scenic trails!

 
 

Overall inventory is behind Buyer demand, which is keeping our market prices strong. Compared to recent years though, the inventory has really filled in quite a bit. Home buyers are having many more options to shop and with more supply also comes more leverage for Buyers. It's not uncommon to see seller concessions this Summer or terms being negotiated. My favorite time of year to shop personally, is the tail end of Summer, when the families have already secured their homes before school starts and sellers are running out of time before the season ends. This offers short window for ready and willing Buyers to take a swing for a good deal! - Greg

 

Mortgage Rates Update

The average 30-year fixed rate for all lenders is 6.91%. Despite the interest rates we saw a jump in new contracts last week, many of which are using seller credits to reduce the monthly mortgage payment. 

 
 

Market Snapshot


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