Biggest home price increase projected in 2014: Bend metro
Forecast 4-year price increase: 33.6 percent
Current median price: $144,533*
Prices to reach trough in: 2011 Q1
Median family income: $58,200
The area around Bend, in central Oregon which is surrounded by the high desert and the Cascade Mountains, has the second-highest four-year growth forecast, 33.6 percent, after Bremerton-Silverdale, Wash. Bend draws home buyers and visitors with its wealth of outdoor recreational opportunities, but its prices have dropped about 40 percent since hitting a peak in late 2006. They now expect a rapid recovery starting next year.
The preceding news was followed today with an article in the local paper, The Bend Bulletin, stating that Default Notices (Future Foreclosures) as falling in Bend and Deschutes county. All indications are now is the time to buy. Mortgage rates are also at all time lows.
If you’re thinking about buying real estate in Bend you should sign up for Jim’s free New Listing Notification Service or call or e-mail today. Jim Johnson is a Certified Residential Specialist and has been selling real estate in Bend Oregon since 1981.
Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert. E-MAIL Jim for information or go to Bank Foreclosure Information or you can use our FREE MLS search.