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Mt Bachelor Village Real Estate Market Trends
Mt Bachelor Village is One of Bend's Oldest Resort Communities
Envisioned in the early 1970's by Brooks Resources as a resort community to house vacationers wishing to ski at nearby Bachelor Butte (now known as Mt. Bachelor), the successful condominium development of Mt Bachelor Village has grown beyond the 1/5th fractional ownership initially offered to now provide for fully owned units, townhomes and single-family homes with a variety of amenities and views. Its location, within Bend's city limits but just off the road to Mt. Bachelor and the high Cascade Lakes, Mt Bachelor Village has offered full time homes, investment opportunities, and vacation homes to owners and renters alike for well over forty years. It continues to be a venue for retreats, weddings, gatherings and conferences.
Due to its variety of offerings - everything from 1/5 interest condominiums to luxury single-family homes overlooking the Deschutes River, Mt Bachelor Village has a unique sales pattern with pricing significantly lower than much of Bend (1/5 fractional interests provide for eight weeks of occupancy per year spread between the four seasons). Depending on what sells, the median home price can be significantly higher or lower year over year.
Mt Bachelor Village is not as large a resort as some of the newer developments built in and around Bend. Therefore, the sheer number of listings is typically much less here than found with other projects. New listings in 2023 were similar to those experienced in 2021.
The number of homes sold in Mt Bachelor Village were significantly up in 2023 over 2022, although the average days on market are also up over 370%. It is taking longer to sell homes in Bend in general, with home prices and mortgage interest rates both high. However, the desirability of Mt Bachelor Village with its variety of housing options and top West Side Bend location should keep home sales in the subdivision fairly stable in 2024.
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