Transcript This is Bend, Oregon

Decisions
Early morning ski….?
Midday fly casting to a spring hatch….?
Twilight round of golf….?
Where else can you do it all in a single
day...and within a 15-mile radius of
downtown?
This is Bend, Oregon (Ory-gun)
Lunch break on
Mirror Pond of the
Deschutes River in
downtown Bend
Photo ©2010 by Lee Hicks
A summer sunset-Mirror Pond on
the Deschutes River
Photos ©2010 by Lee Hicks
Mt. Bachelor in summer
Kayakers on
Sparks Lake in a
summer view of
Mt. Bachelor’s
“back side” ski
runs.
Photo by Lee Hicks
Mt. Bachelor in winter
It’s a long,
beautiful trip
from Mt.
Bachelor’s
9,000-foot
summit to the
base village.
Photos courtesy
Mt. Bachelor
Fall on the Crooked River
A placid stretch of
the Crooked River
in Smith Rock State
Park, a favorite with
rock climbers and
hikers.
Photo by Lee Hicks
Mt. Jefferson
At 10, 497 feet, Mt.
Jefferson anchors
its namesake
wilderness in the
Central Oregon
Cascades.
Photo by Lee Hicks
The Three Sisters Peaks
Horses are a
way to enjoy
Central Oregon’s
spectacular views
while riding public
lands.
Photo by Lee Hicks
The Metolius River
Fly fishing on the
Metolius River
attracts anglers
from around the
country
Photo by Lee Hicks
Fall River
Fall River near
Sunriver Resort is a
catch and release
gem that feeds the
upper Deschutes
River.
Photos by Lee Hicks
Early Spring Golfing
The Widgi Creek
course on the road
to Mt. Bachelor
tempts late season
skiers to get in a
round before
putting away the
boards. (photo taken in
March on the way back from a
day skiing)
Photos by Lee Hicks
A cycling destination
USA Cycling
chooses Bend
for its national
championship
Cyclocross
races.
Photos by Lee Hicks
The downtown criterium
The Cascade
Cycling Classic
has attracted top
international
cyclists
Photo ©2010 by Lee Hicks
Cross country skiing
Cross county
skiing at Meissner
Sno-park is only20
minutes from
downtown Bend.
Photo by Lee Hicks
Rock Climbing
The rock faces
in Smith Rock
State Park draw
climbers from
around the
country.
Photo by Lee Hicks
Rafting the “Big Eddy”
Boiling rapids
of the “Big
Eddy” are 15
minutes from
downtown
Bend.
Photo by Lee Hicks
A special tourthe Cascade Lakes Highway
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One of the most
spectacular
drives in the
Cascades begins
just outside
Bend…66 miles
of lakes and
mountains.
The South Sister and Elk Lake
Photos by Lee Hicks
Along the Cascades
Lakes Hwy..upper and
lower left boating
Hosmer Lake
Bend Basics
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WEATHER - At an altitude of over 3,600 feet Bend is the population and commercial hub of Central
Oregon. This high desert environment enjoys approximately 300 days annually of at least some sunshine.
Bend averages less than 35 inches annually of snowfall. But Mt. Bachelor, at a base elevation of more than
6,000 feet 21 miles southwest of town has averaged 387 inches of snowfall from 2000-2009. The mountain
often has a base of 100-150 inches and typically is open Thanksgiving through Memorial Day.
POPULATION – Bend, nearly 82,000; Deschutes County more than 155,000 according to updated Census
estimates in 2010. The second largest city in the county is Redmond, estimated population of 25,000. Sisters
to the northwest of Bend has about 1,800 residents but a school district population of about 10,000.
PUBLIC LANDS – Extensive Forest Service and Bureau of Land Management lands ranging from
sagebrush and juniper high desert to sub-alpine pine and fir forests.
MAJOR PEAKS – The Three Sisters and Mt. Jefferson, all approx. 10,000 feet; Mt. Bachelor, 9,065 ft.
Broken Top, 9,175 ft., Mt. Washington, 7,694 ft and Three Fingered Jack, 7,841 ft.
RIVERS & LAKES – Deschutes River and its major tributaries. the Metolius and Crooked rivers, along with
pristine Fall River south of Bend, and Wychus Creek which flows through Sisters. The Deschutes is a
legendary steelhead trout fishery in its lower reaches south of Bend to the Columbia River.
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LAKES– A chain of lakes along the Cascades Lakes scenic route offer blue ribbon trout fishing, power
boating and sailing opportunities. Several are designated for fly fishing only where no motor boating is
allowed.
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AIR SERVICE - daily direct air service from Redmond (18 minutes north of Bend) to Portland, Seattle, Los
Angeles, San Francisco, Denver and Salt Lake City. Airlines include Horizon (regional carrier of Alaska
Airlines); Delta, American and United. The Sunriver Resort Airport and Bend Municipal Airport also have
lighted runways capable of accommodating general aviation jets.
Find your way in Bend
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Click the
map to locate
lodging and
other
servicesmap courtesy Visit
Bend
Regional map
Bend to key destinations:
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Portland, 163 mi
Seattle, 327 mi
Spokane, 386 mi
San Francisco, 491 mi
Boise, 319 mi
Reno, 406 mi
Salt Lake City, 657 mi
Jackson Hole, 683 mi
National & regional media
look at Bend
Men’s
Journal“best
adventure
town”
Where to Retire - March/April
2012
USA Today –
Bend’s 2nd home
seekers go fulltime
Seattle Times - March 2012
USA Today - March 2012
Seattle Times - February 2012
Adventure Journal.com - Fall
2011
Business
Week- market
cools and
savvy buyers
eye Bend
Northwest Fly Fishing Magazine May/June 2010
Ski Magazine - Feb 2009
Endless Vacation - Sept/Oct 2008
Sunset Magazine - Feb 2008
Sunset - “you’ll
find Central
Oregon’s
adventure hub
hopelessly
addictive..”
The Old Mill District
Photo by Lee Hicks
Preserving history for today
Sculpture in the main
plaza of the Old Mill
District reflects its
history as the region’s
leading timber mill site.
An REI store is now
housed in the former
mill’s renovated
powerhouse which
retains the massive
smokestacks of a
previous era.
Photo by Lee Hicks
Old Mill stacks above REI
Photo ©2010 by Lee Hicks
Old Mill Shops aerial view
Old Mill on the Deschutes
The Deschutes River
once carried
massive logs to be
milled in Bend.
Now it’s a scenic
waterway
attracting kayakers
and fly fishers
inside the city
limits at the Old
Mill District.
Photo by Lee Hicks
Music on the River
A pedestrian bridge
connects the Old
Mill District shops
to the Les Schwab
Amphitheater.
Bob Dylan, Sheryl
Crow, BB King,
Willie Nelson,
Bonnie Raitt, Diana
Krall, Jack Johnson
and Ben Harper are
among musicians
who have performed
on the river.
Photo by Lee Hicks
National retailers in Bend
REI
Barnes & Noble
Costco
Office Max/Office
Depot
Staples
Best Buy
World Market
Starbucks
Bed Bath & Beyond
Olive Garden
Target
Home Depot
Lowe’s
Trader Joe’s
Whole Foods
Macy’s
Pier 1
Old Navy
WalMart
GAP
Victoria’s Secret
Banana Republic
Chicos
American Eagle
Michael’s
Destination resorts and golf courses
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Bend and Central Oregon have five major
destination resorts with multiple golf courses in
operation, and several others in various stages of
planning or construction.
There are more than 25 golf courses, including
resort courses open for public play and several
within the Bend city limits.
Bend has excellent memberhip athletic clubs
with guest privileges that include indoor pools
and tennis courts.
Bend Real Estate
Market
2014
Market recovers to
more sustainable levels
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Central Oregon and Bend--the region’s hub-- have long been
known to Northwesterners seeking sunnier climates and abundant
recreation variety.
In the recent period of rapid national housing growth Bend was
also “discovered” by many buyers from outside the region.
A BIG SWING IN 5 YEARS
By the second quarter of 2006 the Bend Statistical Metropolitan
Area (encompassing most of Central Oregon) led the country in
housing appreciation according to the government’s Office of
Federal Housing Enterprise Oversight.
By year end 2009 Bend had fallen to last position—299th among
299 SMAs tracked by the federal agency.
In 2014, Bend is back in the top 10 of federal housing appreciation
statistics, albeit at prices that reflect a more stable but growing
region rather than a “bubble.”
Bend housing appreciation
National rank
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2Q 2006
4Q 2010
3Q 2014
1
293
8
1 year %
+36.65
- 7.72
+18.99
Quarter%
5 year%
+7.37
+0.51
+4.61
+96.36
-30.09
+ 7.25
Source: Federal Housing Finance Agency statistics for 309 MSAs (Metropolitan Statistical Areas).
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Bend rose to the top of the national appreciation charts in 2006 but by 2009
was at the bottom of the statistics. It has emerged back in the top 10 in
federal housing statistics, although at median prices reset to more sustainable
levels. However, Bend is joined in the top 10 by Modesto, Merced and
Stockton in California—all of whom were bottom dwellers along with Bend
only a few years back.
Bend Single Family Home Sales
400,000
358,000
350,000
300,000
299,000
300,000
281,450
250,000
230,000
221,000
202,250
200,000
200,000
150,000
100,000
50,000
0
Median price
2007
2008
2009
2010
2011
2012
2013
3Q-2014
358,000
299,000
221,000
202,250
200,000
230,000
281,450
300,000
Year
New home construction &
sales on upswing in 2014
Data in chart provided by www.NewHomeSalesdata.com
Home sales by price segments –
through YTD Q3 2013 & Q3 2014
Data in chart from Multiple Listing Service of Central Oregon
Home sales by price segment 2013
Data in chart from Multiple Listing Service of Central Oregon
Home sales on all lot sizes
by sub-market YTD Q3 2014
Data in chart from Multiple Listing Service of Central Oregon
Home sales on lots less than 1 acre
YTD Q3 2014
Data in chart from Multiple Listing Service of Central Oregon
Footnote
This presentation of
the Bend and regional real estate market in late 2014 is
intended as an overview of the area’s natural appeal and opportunities, whether as
a fulltime working or a retired resident, or as the owner of vacation or investment
property.
I enjoy working in Central Oregon and living the lifestyle that I discuss with my
clients--fly fishing, river rafting, cross-country skiing, mountain biking, the quality
and variety of restaurants, friendly people proud of their community… and many
days of sunshine…..Lee
Presented by
R. Lee Hicks
Principal Broker
Licensed in oregon and Washington
CASCADES SOTHEBY’S INTERNATIONAL REALTY
650 SW Bond St., Ste 100, Bend, OR 97702
541-383-7600
206-953-3041 (primary VM)
[email protected]
www.cascadesothebysrealty.com
The information herein is deemed reliable but not guaranteed. Interested parties are advised to
seek advice from government agencies and independent counsel regarding land use, zoning,
water rights, utilities and other issues related to the acquisition or sale of real estate.
Sotheby’s International Realty is a registered trademark of
Sotheby’s International Realty Affiliates LLC. Each Office is
Independently Owned and Operated.