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Lars Larson
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Local News


A spokesman for local real estate agents isn't alarmed by a new report showing home prices falling in Bend and Redmond. A report issued Tuesday compares November 2009 to November 2010, and shows a 9% drop in the median price of homes in both cities. Tom Green, Past President of the Central Oregon Board of Realtors, says year-over-year price decline reflects the fact that we're bouncing along the bottom of the market. But going forward he's seeing signs of life: “More and more people are saying that they're busy. Six months ago we weren't getting a lot of people saying they were working with buyers. But now, just about everybody I know in the business is working with one or two buyers and more and more reports like that are coming out.” Green believes there is a lot of pent up demand for homes and that more buyers and higher prices will hit the market this spring.

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Bradbury Way closed through September 9th.
  • Lane Closure on Portland Avenue from College Way to 9th Street (9/1-3)
  • Southbound Lane closed on Boyd Acres Rd near Ross Road [South end] (8/27-31)
 
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