NorthWest Crossing is one of Bend's Most Popular Neighborhoods

Originally developed as the "affordable" option to most of Brooks Resources' subdivisions in Bend, NorthWest Crossing quickly became one of the the most popular neighborhoods within the city, attracting many California transplants as well as locals to the healthy lifestyle characterized by the community. The initial style of homes - mostly craftsman bungalows - has evolved over the years with later phases built in the more modern design now desired by many. However, the resale value of the original craftsman homes has increased dramatically and the appeal of the neighborhood has remained among Bend's most favored.

What are the Market Trends for NorthWest Crossing Homes?

NorthWest Crossing experienced the same market trends most of Bend had during the past three years with Covid creating a huge spike in demand for homes, leading to multiple offers and rising prices. Although home prices have le...

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Crater Rim Trail Lightly Traveled

Newberry Crater, including Paulina Peak and Paulina Falls, are often our go-to hikes when the weather doesn't cooperate in exploring the Cascades. At a lower elevation, we can often hike this area well into early winter when snow stops our adventures in the higher mountain regions. And its location, between Bend and La Pine, is an easy drive from home.

Last Saturday, we ventured into Newberry Crater to avoid the choking smoke much of Central Oregon has been experiencing from the Bedrock fire and now Lookout and Petes Lake fires as well. We were fortunate that the air stayed relatively clear during our day there and we could enjoy a great hike.

We found a hike we had never done before last Saturday.  All Trails named it "Lost Lake to Crater Rim Trail" and it was a loop. The suggestion was to park at the Obsidian Flow parking lot, but we drove further down the road to an access point off the main road about a mile past.

Our initial hike was through a lodgepole pine forest, but as we got further away from the road, we began to gain elevation and the trail got closer to the obsidian flow. We saw larger obsidian stones on each side of the trail as the hike got gradually steeper. 

Eventually we reached the Crater Rim Trail. This trail circles Newberry Crater fully and is over 20 miles in length. We didn't want to take this hike today, but rather followed the route we downloaded. This involved a section of Crater Rim, and then a loop which dropped into a canyon that came up by Pumice Flat and rejoined our original trail.  This seemed a bit short for us, so we went back up the loop and then hiked toward Paulina Peak, not fully reaching it but found a terrific lunch spot to enjoy the views of Paulina Lake. We then returned back the way we came. The entire hike was just over 13 miles with 2350 feet of elevation gain. We only saw 4 people during the entire hike - all of them riding mountain bikes.

The survey conducted by The Source Weekly for the Best of Central Oregon in 2023 resulted in two winners for Bend Premier Real Estate. Tiffany Clark was named the runner up for Best Realtor and Bend Premier Real Estate was named the runner up for Best Real Estate Company.  Thank you to everyone who voted for us. We appreciate the support!

What's in the August 2023 Bend Premier Real Estate Newsletter?

• Bend Home Sales Average Over $1,000,000 in July
• Mt. Hood's Clear Lake Hike Worth the Trip
• Four Ways You Can Use Your Home's Equity
• There's Only Half the Inventory of a Normal Market
• Housing Market Forecast

Bend Homes Sales Price Over Million Dollars

We never thought this would happen, but the average Bend single family home sold for over a million dollars in July, 2023. Despite mortgage interest rates hovering around 7%, high end Bend homes are selling. When demand exceeds supply, home prices rise. When mortgage rates jumped from 3.5% to 7% in the space of a few months, there was a drop in home sales. However, it appears that home buyers have become used to higher rates, and there are still a large number of Bend home buyers who are purchasing with cash. Lack of inventory continues to be a big problem and lack of affordability for Bend first time homeowners has pushed many to alternative cities.

When figures for Bend single family home sales are compared between July 2023 and July 2022, the following changes can be noted:

• Average sales price is up 8.8% to $1,012,215*
• Median sales price up 4.2% to $797,450
• New listings down 28.6% to...

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