Posts with tag 'Brasada Ranch'
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Brasada Ranch Real Estate Market Trends
Brasada Ranch is a Destination Luxury Resort Community in Powell Butte
Developed prior to the housing crash of 2008, the first 200 homesites offered at Brasada Ranch sold out in a weekend. This special community offers three clubs - athletic, equestrian or golf - as well as privacy and panoramic views. While the development suffered as did all Central Oregon real estate during the great recession, Brasada Ranch came out of those challenging times stronger and with a great vision. It quickly became a very popular destination for many looking for a vacation home or a year-round residence offering the peace and tranquility of the high desert, while all the while enjoying three great active clubs and their amenities. The residents of Brasada Ranch believe as do the readers of Conde Nast Traveler that it is among the "Best Resorts in the World (2021), The United State...
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What Is Up With Bend Luxury Homes?
Bend High End Home Sales Reflect a Changing Market
It has been awhile since we last reported on Bend luxury home sales. We pulled a report showing year to date activity over the past three years. While Bend home prices in general are back to a small upward trajectory year over year, the numbers of sales are significantly down, as they are in all price points in most of the markets in Central Oregon and across the country. Higher interest rates have changed the buying power of would-be home purchasers, even in the high end, and have also kept many would-be sellers off market. Why sell when the mortgage interest rate many homeowners have is so good? A replacement home, while potentially being better for the current lifestyle of a home seller, may cost more on a monthly basis with the higher interest rate with which they may need to purchase.
When the first six months of high end Bend home sales are compared year over year between 2022 and 2023, the following change...
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