People Moved to Oregon, Especially Bend, in 2020 Despite the Pandemic

187 NW Scenic Heights Drive, Bend, OR 97703
Presented by Julie Moe & Jared Chase Group | Offered at $1,595,000 | MLS# 220102359

From katu.com

Bend, Oregon is now being famously called “Zoom Town” – thanks to a spike of homebuyers in 2020.

Zoom Town, a reference to the video conferencing platform Zoom, described cities with a spike of workers who moved as they discovered that their jobs could be done remotely during the pandemic.

In addition to this, Oregon remains a popular moving destination. Most people have been buying homes in Bend with the intention of living and working there rather than buying a vacation home.

It is also been said that it is financially much more feasible to get a nice family home in and around Portland, as opposed to the Bay Area.

Full article on katu.com


Migration to booming ‘Zoom towns’ in Pacific Northwest sends home prices into overdrive

19204 Gateway Loop, Bend, OR 97702
Presented by The Ladd Group | Offered at $870,500 | MLS# 202003108

From nwnewsnetwork.org

“Zoom towns”, a new term that you can add to your lexicon. These are scenic places experiencing a surge of house hunters. Booming demand comes from workers freed by the pandemic to work from home long term. One place where the pandemic has charged greatly, an already hot real estate market, is Bend, Oregon.

“I think ‘Zoom town’ very accurately captures the experience that we’re having right now,” said Brian Ladd, a Principal Broker with Cascade Sotheby’s International Realty in Bend.

“For anyone that had interest in moving to a town like ours, that plan was greatly accelerated because of COVID,” Brian Ladd said in an interview over Zoom. “When they were able to work remotely, or they were forced to work remotely, all of a sudden it became an option.”

Brian Ladd’s observations are shared by brokers in some outdoorsy, vacation destinations around the Pacific Northwest. Zoom towns could include Sunriver and parts of the Oregon Coast besides Bend.

The housing market nationwide has shown remarkable strength in 2020, driven by low-interest rates and desire among buyers to acquire more elbow room. What distinguishes the Zoom towns is strong in-migration this year from larger locales. At these destinations, home sales since late spring have gone on a tear, resulting in very low inventory and rapidly rising housing prices.

In Bend and surrounding Deschutes County, the average residential home price in October was up 17% year over year. The median sales price in October in Bend was $560,000. Brian Ladd said the average number of days on the market for desirable homes to go pending is around five days, which means many homes get multiple offers.

“What it felt like is it really unleashed a whole wave of people who had had the dream of moving and living in a beautiful place like this, and it seemingly all happened at once,” said Brian Ladd.

Full article on nwnewsnetwork.org


The COVID-19 Effect on Bend’s Real Estate Market

Written by: Laura Blossey

11750 NE Canyons Ranch Drive Terrebonne, OR 97760
Presented by Laura Blossey | Offered at $4,500,000 | MLS# 220111416

Bend, Oregon is the epitome of COVID-19 accelerated real estate sales. After only a few weeks’ pause in March from new restrictions, out of town buyers doubled down on Bend as the perfect escape from their respective cities. After evaluating the quality of life and relatively lower cost of living in Bend compared to our feeder markets like the Bay Area and Orange County/ LA, for example, Buyers have been even quicker to move here in the second half of 2020 than in past years.  Why Bend? Buyers are choosing Bend over other markets for many reasons, including the year-round outdoor lifestyle (skiing, hiking, mountain biking, kayaking on the rivers & mountain lakes, golf, horseback riding & more), easy direct flights to West coast markets for ease of visiting clients and friends & family, luxury amenities with a laid back lifestyle, and an overall better quality of life. Bend is the perfect escape from restrictive or chaotic worlds.

COVID-19 set the precedent for working from home, so people started asking themselves, why not work from home in another city? It’s now common for lenders to ask for written proof from Buyer’s employers that the Buyers can indeed work from home in Bend. Contingent purchases are more commonplace as Buyers are willing to put their homes on the market the minute they write an offer on a home in Bend, but even more so cash offers are dominating our sales. Bend has recently been named by WalletHub as the second-fastest growing city in the nation, with COVID-19 clearly a contributing factor.

Examples showing the accelerated growth in Bend since COVID-19 based on sale prices and days on the market (DOM) abound. One of my listings in a desirable neighborhood sold for $905,000 in April, 2020 after 171 days on the market with 2 price reductions. A home on the same street with almost identical specs is currently pending in just 10 days. Listings at all price points have yielded multiple offers – as many as 22! – and are selling for up to $200,000 over asking price which is a new phenomenon in our market since COVID-19.

This graph depicts a sharp increase in median price in 2020 compared to past years during June through September across multiple years. From just the same period a year ago, we saw a 2% decrease in median price in 2019 compared to an 18% increase in 2020. We will continue to be in a strong Seller’s market until new inventory can catch up with demand, but since most people don’t want to leave Bend we’ll rely on new construction to fill the gap.


WalletHub names Bend 2nd fastest growing city in the US

61794 Tam McArthur Loop Bend, OR 97702
Presented by Tebbs & Little Group | Offered at $3,899,000 | MLS# 220102501

From Central Oregon Daily

According to WalletHub’s recent report on 2020’s Fastest Growing Cities in America, Bend ranked second next to Fort Myers, FL.

WalletHub is a personal finance website that compares 515 US cities across 17 key metrics to determine where the most rapid local economic growth occurred over a period of seven years.

The factors considered in the release of this report ranges from population growth to college-educated population growth to the unemployment rate decrease.

Furthermore, WalletHub produced a separate ranking by city size.

Bend topped the report’s rankings for “mid-sized” cities, ahead of Meridian, Idaho, Enterprise, Nev. and Frisco, Texas.

Economic Growth in Bend (1=Fastest-Growing; 258=Avg.):

  • 11th – Population Growth
  • 43rd – Median Household Income Growth
  • 1st – Job Growth
  • 263rd – Poverty Rate Decrease         
  • 10th – Regional GDP Growth
  • 163rd – Unemployment Rate Decrease
  • 1st – Growth in Number of Businesses
  • 11th – Working-Age Population Growth
  • 87th – Median House Price Growth

Full article on Central Oregon Daily


March First Friday Art Walk – Downtown Bend

Cascade Sotheby’s International Realty participated Bend’s First Friday event on March 6th at our Downtown Real Estate Gallery where hundreds of people toured the downtown shops and restaurants. Hosted by brokers Corinne Clarke and Chris DeJon, live music was provided by guitarist Justin Lavik and artwork from local artist Julie Winter was on display. A representative from Northwestern Home Loans was available to discuss today’s record low interest rates.

Artist Bio

Julie Winter of Bend, Oregon is a printmaker, educator and graduate student in Visual Studies at Pacific Northwest College of Art (MFA August 2018). Julie has served in many roles at Atelier 6000/Bend Art Center including volunteer, core instructor, Studio & Gallery Director, Interim Executive Director and artist member. Her recent work is exploring non-toxic electro-etching techniques and combining them with woodcuts and monotypes as she continues to incorporate the Central Oregon landscape into the symbolism of place and self.

Artist Statement

I explore perceptions of place and how these are represented in landscapes, specifically how cultures walk upon and are a physical presence on the surface of the earth and the traces we leave and pick up. I investigate the intersections of the internal and external landscapes and how these become transitional spaces for connection, relationship, translation, and transformation. I set up systems of observation and collection as ways to inventory the traces and then translate the information into orchestrated landscapes. I use the process of printmaking as a translation device for this information. My goal is to invite the viewer into a conversation about their relationship to place and with others.


February First Friday Art Walk – Downtown Bend

Please join us for First Friday on February 7th at our Downtown Bend Showroom (821 NW Wall St., Bend OR) from 5-8 PM to enjoy the artwork of Greg Oldfield.

Artist Bio:

Myself and family have always enjoyed a simple lifestyle, rich in experience of nature’s rewards and family importance, we make it our own. All of us being raised in Eastern Oregon, we understand its beauty, bounty and challenges.

I have worked in various professions from timber, as a farrier to an electrical contractor. But at the end of the day, my heart always called to crafting ideas and making them real. With an anvil and hammer in my shop I work to capture the things I enjoy and care about.

I have spent years in the Creeks and Rivers of Oregon, Idaho and Montana. Searching for the elusive monster trout that I was sure was only a castaway. Occasionally, I was lucky enough to find it, enjoy its beauty, thank it and watch it disappear back to the fast clear water from where it came. After a while, it was not just the fish, but the habitat that enchanted me. Such a fragile and beautiful place these fish live in. My sculptures try to capture a vision of this sensitive environment.

These sculptures are what I see when I’m stalking trout, they give me solace to get me through a difficult day and peace when I lay to sleep at night.

I hope you enjoy them as much as me.


Home Buyers Brunch and Bubbles

With employment up and interest rates staying low, 2020 is looking like a great time to buy!  Join us for a fun, interactive Home Buyer’s Brunch where industry professionals will share their knowledge on the home buying process in today’s market.  Buying a home is exciting but can come with a lot of questions and sometimes even fears, this makes sense, buying a home is one of your largest investments you will make.  

We will have Matt Bassit, Branch Manager at Northwestern Home Loans along with mother-son Realtor team; Melanie and Josh Maitre at Cascade Sotheby’s International Realty to walk you through the entire buying process, sharing different loan programs that can meet people’s specific needs and even specific first time home buying programs, how to successfully navigate through a tight housing market and get through the possible hurdles along the way, in this type of market why it is even more important to have a Realtor that represents you and answer any other questions or concerns you may have.

Our hope is for you to walk away with all your questions and fears answered and leave you with nothing but hope for 2020 and the year you become a homeowner! 

No commitment.  Just information…and free Brunch & Bubbles!

RSVP is appreciated!
Melanie Maitre – Melanie@TheMaitreGroup.com | 541.480.4186
Josh Maitre – Josh@TheMaitreGroup.com | 541.678.3341


December First Friday Art Walk – Downtown Bend

Please join us for First Friday on December 6th at our Downtown Bend Showroom (821 NW Wall St., Bend OR) from 5-8 PM to enjoy the artwork of Steve J. Giardini.

This event is sponsored by Cascade Sotheby’s International Realty and hosted by Carmen Cook and Nicolette Rice.

Artist Bio

Steve J. Giardini is a professional outdoor nature and landscape photographer. He is an artist, educator, speaker and photo tour instructor & guide.

Influenced by both mid-1900 and contemporary landscape photographers, Steve adopted a fine art photography approach that utilizes natural light and a traditional, but unique composition style. The majority of his images are taken an hour before or after sunrise or sunset when the light is soft but dramatic.

Influence

Steve hopes his photographs elicit a visceral response from viewers. He wants his images to motivate people to explore the outdoors. Equally important, he hopes his photos instill a sense of personal obligation to help preserve the natural world.

Published

Steve’s work had been published in the international online Landscape Photography Magazine, the Bend Lifestyle magazine, and is displayed in businesses and homes throughout Central Oregon and around the world. More than 350 of his prints hang in the St. Charles Hospital System.

Learn Nature & Landscape Photography

Creating stunning photographs is one half of Steve’s professional vision. The other half is teaching and mentoring photo enthusiasts. His resume includes 20+ years of teaching experience on a variety of topics. A lifelong learner himself he knows the learning process never ends.

Steve offers photo classes, workshops, and adventure photo tours. Each session is built on the belief that learning should be structured but fun. Participants can “expected to be challenged without being intimidated”. Expect a methodical but flexible learning approach. Expect value-added instruction, endless enthusiasm, and intellectual honesty.


Cascade Living | December 2019

Enjoy our Cascade Living events and newsletter! We cover notable events and news happening in Central Oregon, Portland, Southwest Washington, The Columbia River Gorge, The Oregon Coast, and the Willamette Valley.

Click below to see the newsletter for your region:

Central Oregon
Columbia River Gorge
Oregon Coast
Portland
Southwest Washington
Willamette Valley


By Working Together We Are Making A Bigger Difference

At our weekly sales meeting for our Bend brokers, we had an opportunity to learn about the Choose Joy Foundation and how they help kids who have been affected by parents that are dealing with substance abuse. Special thanks to Northwestern Home Loans, who graciously matched our brokers’ donations.

About the Choose Joy Foundation

It is estimated that 1 in 8 children in the U.S. live in a household with at least one parent with a substance abuse disorder. These are moms and dads who are unable to control their use of drugs or alcohol, and who continue using them even in the face of harmful and often dangerous consequences. In many cases, parents find themselves spending increased time getting, using, and recovering from these substances, rendering them unable to parent.

The cost, for a child, can be access to reliable housing, food, and other basic needs. It can be a lack of privacy, safety, and social support, leading in turn to increased difficulties in school and social settings. For many children of substance abusers, a normal childhood remains just out of reach.

The Choose Joy Foundation was founded on the premise that every child deserves a happy, healthy childhood. Our mission is to restore, in whatever way we can, normalcy to the lives of children affected by substance abuse.

“We exist to enrich the lives of children affected by substance abuse”

Restoration comes in many shapes and sizes, and often in the form of things, many of us take for granted. Sometimes it’s a pair of shoes, school supplies, or a warm meal. Sometimes it’s a steady, stable connection with a tutor or mentor. Sometimes it’s the opportunity to experience Christmas morning for the first time. The Choose Joy Foundation works with social workers, court systems, and educators to identify needs, and then organizes initiatives to meet them.

Growing up is hard enough without the added weight of bearing other people’s choices. We believe that we can change the lives of children in our community, and in communities across America, by bringing normalcy, stability, and consistency into their lives. Now a 501(c)(3) non-profit, the organization serves children in need in Deschutes County and beyond.

“A big thank you to Cascade Sotheby’s brokers and Northwestern Home Loans for your generous support. More than $3,000 was raised today that will truly benefit many children in our community.” – Founder, Joy Christiansen

We ask you to join us in donating or volunteering to further help children in Deschutes County that are in desperate need. Please donate online at www.ChooseJoyFoundation.org