Posts from August 2023
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Bend Oregon Real Estate | July 2023 Trends
Bend Homes Sales Price Over Million Dollars
We never thought this would happen, but the average Bend single family home sold for over a million dollars in July, 2023. Despite mortgage interest rates hovering around 7%, high end Bend homes are selling. When demand exceeds supply, home prices rise. When mortgage rates jumped from 3.5% to 7% in the space of a few months, there was a drop in home sales. However, it appears that home buyers have become used to higher rates, and there are still a large number of Bend home buyers who are purchasing with cash. Lack of inventory continues to be a big problem and lack of affordability for Bend first time homeowners has pushed many to alternative cities.
When figures for Bend single family home sales are compared between July 2023 and July 2022, the following changes can be noted:
- Average sales price is up 8.8% to $1,012,215*
- Median sales price up 4.2% to $797,450
- New listings down 28.6% to...
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Mt. Hood's Clear Lake Hike Worth the Trip
Mt Hood's Clear Lake a Popular Destination
With the recent heavy smoke Central Oregon has been experiencing from the Bedrock Fire, we expanded our hiking locations to include the Mt. Hood area. Last Saturday we enjoyed the hike to Clear Lake, a popular hike located just off Hwy 26 by Skibowl in the Mt Hood National Forest. We started our hike just after 9:00 am after our two hour drive from Bend, and found the parking lot practically full. The hike to Clear Lake was well marked and typically is an easy to moderate in and out loop trail around the lake with roughly 300 feet of elevation gain. 
However, past the lake, which has lovely views of Mt. Hood on a clear day, there is an option to hike up Tom, Dick and Harry Mountain in the Salmon - Huckleberry Wilderness, a trip that provides for over 1700 feet of elevation gain and lengthens the total hike to over 8 miles.
Upon reaching the rock filled overlook, we continued on another 1/2 mile to the actual summit on Tom Dick Peak, which we discovered is part of SkiBowl recreation area, clearly not part of the Salmon-Huckleberry Wilderness. Our GPS showed an option to hike down through the ski area, which we did. This involved traversing several diamond runs and connecting with the unused mountain bike trail. Our hike down to the Skibowl buildings by the parking lot was extremely steep and what took over 4.5 miles to gain in elevation we lost in just over 1 mile. We do not recommend this route for most people. However, it was a beautiful day with wonderful views of Mt Hood and a pleasure to be out of smokey Central Oregon.
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