the blog

Introducing Bend Relo at West + Main

Our brokerage, FRED Real Estate Group, was recently acquired by Colorado-based West + Main Homes. The acquisition comes with the announcement that after 15 years of running the biggest independent brokerage in Central Oregon, owners Fred and Keeley Manilla are retiring. Enter West + Main Homes, a Colorado-based brokerage with a similar culture, mission and…

October 2021 BEACON REPORT: Central Oregon Market Trends

The October 2021 Beacon Report is in! Market conditions in Bend remain competitive, while most Redmond housing stats held steady. In Bend, the median price for a home jumped from $635,000 in September to $650,000 in August. This represents a 2% increase, and an upward trend compared to the previous month. The average price per square…

SEPTEMBER 2021 BEACON REPORT: Real estate update for Central Oregon

The latest Beacon Report is in! This month we see the slightly cooler market conditions in Bend continue, while most Redmond housing stats continue an upward climb. In Bend, the median price for a home dipped from $650,000 in July to $635,000 in August. This represents a 2% decrease, month over month, but still a…

August 2021 BEACON REPORT: Real Estate Market Trends

The latest Beacon Report is in! At first glance it appears that August 2021 real estate market trends in Central Oregon have shifted slightly, indicating a cool down in activity. However, just as a slight dip in temperature doesn’t mean the dog days of summer are over,  neither do fractional fluctuations mean home sales have…

JULY BEACON REPORT: MARKET NEWS IN CENTRAL OREGON

The July Beacon Report is in! It’s been HOT, both outside in the Central Oregon sunshine and in the real estate market! The July Beacon Report has the latest numbers on median prices, days on market, and the current inventory of homes for sale in Bend and Central Oregon. The numbers, for the most part,…

BEACON REPORT FOR JUNE: THE LATEST NUMBERS

Summer is upon us, and things are cooking in the Bend real estate market! This month, Beacon Report for June offers the most recent numbers on median prices, days on market, and the current inventory of homes for sale in Bend and Central Oregon. Though the numbers have shifted slightly, trends remain the same. Demand…

4 Things to Know About EARNEST MONEY

Earnest Money: What Is It?   Earnest money is a deposit the buyer puts down to show they are serious about purchasing a property. This is particularly important in a seller’s market, as is the case in today’s Bend and Central Oregon real estate market. Typically in a seller’s market, available inventory is low and…

BEACON REPORT FOR MAY: CENTRAL OREGON

Spring is in full flower, and things are definitely warming up for the Bend real estate market! The May Beacon Report offers the most recent numbers on median prices, days on market, and the current inventory of homes for sale in Bend and Central Oregon. Bottom line? Inventory remains low, demand high, and prices are…

Appraisal Contingency: Should Buyers Waive It?

Appraisal Contingency: Waive It or Leave It? A seller’s market had made the appraisal contingency a hot topic for spring home buyers in Bend and throughout Central Oregon. According to the April 2021 BEACON Report, homes for sale spent an average of four days on the market, and prices continue to climb. Low inventory and…

Beacon Report for April: Central Oregon

Happy Spring! The Bend and Central Oregon real estate markets are blooming. Read the April Beacon Report for the latest stats on median prices and more. Buyers are gearing up for some stiff competition as the seller’s market continues. MARKET NEWS FOR BEND REAL ESTATE The median price for a home in the Bend area…

1st Time Home Buyers Are Taking Advantage of Low Rates

1st Time Home Buyers Are Taking Advantage of Low Rates   Housing prices in Bend and Central Oregon may be on the rise, but with mortgage loans at historically low rates, an affordable monthly payment is still within reach for 1st time home buyers. While interest rates for home loans saw a slight rise in…

THE BEND BEACON REPORT, MARCH 2021

The March Beacon Report is in for Bend and Central Oregon. It’s still a seller’s market—median price takes a slight dip as demand remains high. MARKET NEWS FOR BEND REAL ESTATE The median price for a home in the Bend area was $575,000, down slightly from January’s $580,000, with the average price per square foot…

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