11/03/2023 – As the tides of the real estate market fluctuate, Strategic Realty remains steadfast in offering keen insights and opportunities to our clients. The Bend Oregon property scene is currently witnessing a noteworthy shift, with price reductions across a range of properties due to climbing mortgage interest rates. This phenomenon presents a strategic opening for buyers, and here we spotlight five residences on Bend’s prestigious west side that are leading this trend.
Market Overview
The Bend real estate market, much like the broader national market, is in a state of recalibration. Mortgage interest rates, which have been at historic lows, are on the rise, and this has cooled the fervor that characterized the market in the previous years. For buyers, this shift signals a moment of opportunity — property prices are adjusting, and the chance to secure a home in one of Oregon’s most sought-after locations is ripe.
Strategic Considerations for Buyers
The current climate offers a silver lining. Buyers can capitalize on reduced property prices now, with the option to refinance should interest rates retreat in the future. This approach requires foresight and an understanding of the market’s cyclical nature — a specialty of Strategic Realty.
Featured Properties
Below are five properties on the west side of Bend that have seen significant price reductions, making them especially attractive prospects in today’s market:
| Price / Status / MLS # | Main House SqFt | Bedrooms Total | Year Built | Lot Size Acres | Subdivision Name | Listing Office | Original Price | Price Drop |
| $1,995,000 63635 Johnson Road Bend, OR 97703 Active / 220126371 |
3,201 | 4 | 1980 | 20 | Cascade Hasson SIR | $3,390,000 | 41.2% | |
| $1,350,000 2815 NW Polarstar Avenue Bend, OR 97703 Active / 220169695 |
2,580 | 3 | 2012 | 0.47 | Fawnview | Bend Premier Real Estate | $1,695,000 | 20.4% |
| $1,124,000 63589 Gold Spur Way Bend, OR 97703 Active / 220164734 |
3,168 | 4 | 1976 | 2.35 | Saddleback West | Cascade Hasson SIR | $1,939,000 | 42.0% |
| $899,000 121 NW Outlook Vista Drive Bend, OR 97703 Active w/Contingency / 220171264 |
3,685 | 3 | 2003 | 0.11 | Skyliner Summit | Stellar Realty Northwest | $1,100,000 | 18.3% |
| $529,000 727 NW Georgia Avenue Bend, OR 97703 Active / 220169402 |
736 | 2 | 1915 | 0.1 | Deschutes | Morris Properties | $649,000 | 18.5% |
Call to Action
These properties represent just a snapshot of the opportunities currently available. Strategic Realty is dedicated to guiding our clients through these shifting sands, offering expert advice and detailed analysis. We encourage prospective buyers to reach out to us for an in-depth discussion about how these market conditions can be leveraged to their advantage.
To explore these properties further or to discuss your strategic real estate goals, please contact Strategic Realty — your partner in navigating the complexities of the Central Oregon real estate market.