Posts from June 6th, 2023
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Bend Oregon Real Estate | May 2023 Trends
Bend Single Family Home Sales Figures Remain Mixed
The May 2023 Bend real estate sales have been published and reflect a market in transition. Inventory levels are growing, but a strong seller's market remains. High mortgage interest rates continue to impact buyer's purchasing power and while average home prices are down slightly, they are not at a level that would significantly affect most Bend home buyers. As we enter our summer peak selling season, the question on how mortgage rates and inventory levels will reflect in 2023 home sales will be answered.
When May 2023 Bend single family home sales on less than an acre are compared with those from May of 2022, the following changes can be noted:
- Average sales price down 3.1% to $861,432
- Median sales price up .8% to $746,250
- New listings down 26.7% to 222
- Homes for sale down 21.1% to 265
- Pending sales down 21.8% to 172
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Tumalo Mountain Hike June 2023
Tumalo Mountain Trail Covered With Snow
We typically hike Tumalo Mountain once a year - usually late spring/early summer once the snow melts. However, we have been anxious to get back into the Cascades after a winter of hiking in the High Desert and the opportunity to tackle Tumalo Mountain arose last Saturday. Tumalo Mountain, just north east of Mt. Bachelor, has a height of 7,779 feet. The hike up to its peak climbs over 1400 feet in two miles and is considered difficult due to its steepness. However, we have never attempted this hike with snow on the ground and found the trail challenging. The snow drifts were from 3 to 6 feet, although the snow was compacted and we managed with a GPS to somewhat follow the trail to the summit using trekking poles and micro spikes. Once reaching the summit, the views towards Mt Bachelor and towards the Three Sisters and Broken Top were outstanding. After enjoying the views and a quick lunch, the return trip had additional challenges as the snow softened with the warm weather. All in all, we saw only one other hiking couple and a pair of paragliders jumping from the peak on our return. It will be awhile before the snow fully melts in the Cascades after the winter storms. But in the meantime, we will take advantage of any hike we can access as soon as it becomes passible.
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