We brokers are fortunate in Central Oregon in that we have a MLS (Multiple Listing Service) tour of new listings every Tuesday in Bend and other days in other Central Oregon towns such as LaPine, Sisters, Redmond and Prineville. Our office tours our properties on Wednesdays. So I have the opportunity to see Bend Oregon homes for sale, MLS listings in Bend and ranches and farms when they come up for tours. Often in my blog I highlight what I see from those tours.
This morning I rediscovered a wonderful neighborhood and saw a couple of lovely homes, but with almost no exception I thought everything I saw was overpriced. For instance, the fabulous neighborhood, that I have always loved, is off Pinebrook just minutes from downtown and the Old Mill District, but the lots are larger (the one I saw this morning is 1/3 acre) and there are huge ponderosa pines. This morning's tour, however, was of a very dated 1983 home that is about $50,000 overpriced. Not a good combination!
One home is priced a bit high but is NOT a short sale -- hurray! -- and has been totally upgraded with new carpet, paint and flooring. Lovely and priced at $239,000. At under $199,000 it would be a great deal. It is actually within walking distance from the shops and restaurants of the Old Mill District.
I saw a home that is a beautifully remodeled 1998 2-story with master on the main level, high ceilings, magnificent yard that backs to the River Trail system and a 3-car garage, but the price is about $100,000 high! At nearly $400,000 one could purchase a McMansion instead of this 2,100 sq ft home. It is beautiful, though.
And finally, that McMansion. An almost new 3,500 sq ft home in the $400,000 range in a neighborhood with a pool is an outstanding buy. One out of four is not bad!!