Bend Real Estate

From the Bend Bulletin:
The vacancy rate in Bend’s office market more than doubled from third quarter 2007 to third quarter 2008, to 17.1 percent — an amount of space that would take more than four years to lease at the current rental pace, according to a local survey.The vacancy rate is the highest in at […]

From the Bend Bulletin:
With three months left in the year, Deschutes County is on pace to nearly triple the number of notices of default filed in 2007.Through Sept. 30, the Deschutes County Clerk’s Office recorded 1,308 notices of default, a document which initiates foreclosure proceedings. In 2007, 590 notices of default were filed all year.The […]

The Central Oregon Builders Association has a great idea of how to end the housing bust in Bend.Give home builders more time to pay the city development charges.Here are the details from The Source Weekly:
As the housing slump widens and deepens, builders all over the country are in a world of hurt. Builders in Central […]

From the Bend Bulletin:
When the Deschutes County Clerk’s Office closed June 30, an ominous milestone was reached. Through the first half of the year, 788 notices of default — a document initiating foreclosure proceedings —were filed with the county.The number is significant, considering 590 of them were filed in all of 2007, and just 221 […]

From the Oregonian:
As central Oregon’s long real estate gold rush gives way to a grim new era of falling prices and foreclosures, few companies have crashed to earth harder than Bend-based Desert Sun Development.The upstart operation, led by its intense 29-year-old founder, Tyler Fitzsimons, is under siege from lenders, suppliers and contractors who say they’ve […]

We’ve been following the story of Randy Sebastian’s Renaissance Ridge; his $120 million, 210-home development in Bend.
When the market fell apart in Bend Randy tried the usual promotions to keep the inventory moving but it didn’t work. Then on March 7th his lender, Key Bank, filed a notice of default on the subdivision and said […]

A ONCE IN A LIFETIME OPPORTUNITY!
Take advantage of this unique investment opportunity on over eight acres within the city limits of Bend, Oegon. JJ Court, at the corner of Butler Market Road and Boyd Acres Road in the beautiful city of Bend, is the ideal opportunity just waiting for the right person. All of the […]

From the Bend Bulletin:
Median home sales prices in the first three months of 2008 fell almost 12 percent in Bend and 14 percent in Redmond from the first quarter of 2007, according to a report Wednesday from the Central Oregon Association of Realtors.Bend’s median sales price — the price at which half the homes sold […]

If you think Bend has a bunch of homes for sale then you need to see how many bare lots are waiting for the turn around…
One of Oregon’s biggest commercial lenders has already pulled out of Bend. I wonder how long this land can sit and wait before the lenders want their money back.
Original post […]

From the Bend Bulletin:
A pair of local officials — one a banker, another a credit counselor — were skeptical Wednesday about the effects that Senate legislation could have on homeowners facing foreclosure in Central Oregon, saying the money won’t address the region’s problems and will likely go to other states first.Benefits of the national legislation […]