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


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


2019 Yearly Market Reports

Our 2019 Yearly Market Reports for Central Oregon, Portland Metro, Oregon Coast, Columbia River Gorge, Southwest Washington, and Southern Oregon are here.

Our Market Reports offer an overview of trends, insight and existing market conditions in key communities throughout Oregon and SW Washington. The reports cover the history of key areas, communities, and sectors such as residential, residential with land, townhomes and condos, farm & ranch.

You can see all of our reports below or by visiting CascadeSothebysRealty.com/Market-Reports.

Central Oregon

Columbia River Gorge

Oregon Coast

Portland Metro

Southwest Washington

Southern Oregon


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


Christy Benton Has Joined Cascade Sotheby’s International Realty Bend, Oregon – Old Mill Office

Originally from Portland, Christy’s adventurous spirit has taken her to Seattle, Alaska, and then in 2003 she fell in love with Bend and moved here to raise her three children with her husband. She is a business owner of a sportfishing lodge in Alaska, a commercial fisherman, and has worked in the customer service industry for over 30 years.

Christy enjoys all the opportunities that real estate can provide and takes advantage of the continuing education courses provided to better serve her clients. With several designations including the Accredited Buyer’s Representative (ABR), Seller Representative Specialists (SRS), an Earth Advantage Broker/ADU Specialist., She is a member of the National Association of Realtors and the Central Oregon Association of Realtors.

Christy believes every client deserves exceptional service and brings honesty, integrity, and a positive approach to the table every time. She loves the whole process of real estate. Meeting new clients, helping with staging, highlighting the home in photos, working through the transaction, and seeing the excitement of her clients having their dreams come true.”


Cascade Living | November 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
Oregon Coast
Columbia River Gorge

Portland
SW Washington
Willamette Valley


November First Friday Art Walk – Downtown Bend

Please join us for First Friday on November 1st at our Downtown Bend Showroom (821 NW Wall St., Bend OR) from 5-8 PM to enjoy the artwork of Jeanne Debons.

This event is sponsored by Cascade Sotheby’s International Realty and hosted by The Ladd Group.

Artist Bio

Jeanne Debons received a diploma in Botanical Illustration from the English Gardening School in 2005 and has BS and MS degrees in Forest Biology from the College of Environmental Science and Forestry in New York and a PhD from the Department of Botany and Plant Pathology at Oregon State University.   

Living in Central Oregon since 2006, she paints and teaches botanical illustration and has developed the Tracing Frame℗ to help students with starting to draw.

Her work has been shown in local, national and international exhibitions, and her paintings have been used for the cover of two books, in magazines and as illustrations in several books.

“Botanical Illustration and Painting is a meditation that if you are fortunate will result in plant portrait that captures the magic of the subject.”

See more of Jeanne Debons’ work here