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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)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Milwaukee Avenue CLOSED between NW 12th and 13th until July 31.
  • Lane closures Shevlin Park Road 7:30 a.m. - 4:00 p.m. (7/13-8/3)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 16, 29)
 
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