Heard the market is slow, no one is buying and that we are all doomed?  I have good news and the proof to show you that 37 home sellers in La Pine Oregon are felling a lot different right now.  It is a buyer's market and buyers are certainly in the driver's seat, but they are buying.January is over, although there may be a few listings still showing pending that have actually closed escrow a quick search of the central oregon Association of Realtors MLS shows that there are 37 homes that either have an offer on them or have closed escrow. Prices vary and so do the style of homes, most of the sold properties did sell for less than listed for and many of these homes had multiple price reductions before finding a buyer… but they did find the buyer and the buyer did buy.Click here for the list of homes that are Pending (in escrow) or Sold in the La Pine area.Are you going to sit on the fence and wait until prices are lower?  What if they go up this spring?  What if the loan you qualify for now is no longer available or rates go back up?  Are you ready to have to wait for the next buyer's market or should you investigate if now is the right time for you?First time home buyers have some great financing options. Oregon Veterans you have some wonderful options out there.  Talk to your mortgage professional about these options or if you don't have someone you trust, call me I will provide you a list of mortgage professionals that know the market, the area and have a lot of different loan products to find the one that suits your needs.

Thank You Neighbor! Fred You Are The BEST!!!
One of the reasons I love La Pine is the sense of neighborhood. Growing up in a small town has a ton of advantages, although as a kid I could not wait to leave as many that are growing up here are probably thinking too. Funny thing is we all come back. As a member of the first class of La Pine High School years ago, most of us left for greener pastures and big city lights. 20+ (ok almost 30) years later most of the 36 of this class are back in our wonderful home town of La Pine.This has been a tough week, Mother Nature has been keeping our area looking clean and white… lots of white. This morning schools were cancelled due to snow and road conditions not something we experience often. Snow yes, school closures because of it no. I headed to the office and knew as the snow continued to fall I could be coming home to an evening of shoveling and back breaking work. To my surprise, my neighbor was in my driveway when I pulled in, he and his trusty tractor. For hours he plowed and moved snow to be certain I could get in and out.I am so glad to be home… in more ways than one – and not having to shovel the driveway tonight was a great treat. Thanks Fred, you ROCK!

La Pine Oregon Homes For Sale – Market Report
Looking for real estate in central oregon?  La Pine Oregon real estate offers a wide variety of choices in price, land size and home style or size.  Currently many consider our real estate market to be a buyers market.  With prices lower than the last couple years, interest rates low and seller's motivated we do have a great buyer's climate. La Pine is a great small town that offers more elbow room than many other areas of central oregon yet is an easy half hour commute to Bend on most days.  real estate in Lapine offers a lot of great options.  Whether you are looking for Mt. Bachelor view homes, Deschutes River front homes, a nice home on a city lot or a beautifully treed setting you can easily find it in LaPine.The table below will give you a quick snap shot of homes available in La Pine Oregon – a complete list of homes for each category can be seen by clicking on the link in the title of each heading. Frame Built Home Under $300,000 Frame Built Home Over $300,000   Manufactured Home Under $300,000 Manufactured Home Over $300,000 Number of Active Listings 123 66 74 4Average Price per Sq Ft $160 $279 $147 $377Lowest Priced $89,900 $315,000 $74,900 $349,000Highest Priced $299,000 $995,900 $299,900 $2,100,000Smallest Sq Ft 418 640 410 1232Largest Sq Ft 2398 4150 2250 3300Average Price $221,140 $500,713 $182,167 $861,000Average Sq Ft 1446 1979 1279 1964    

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Moving To central oregon!
Thinking of moving to La Pine – what a great idea!  La Pine is a small city in fact it is one of the most recently formed cities in Oregon.  Located just 30 miles south of Bend, Lapine offers an easy commute to a larger city and a lot of great outdoor activities.  Some people only have the opportunity to do while on vacation, here you can enjoy the outdoors year around.La Pine has 3 schools, one elementary, one middle school and a high school.  Land has been set aside for an additional elementary school to handle the growth of central oregon and the La Pine area.One of the biggest attractions to home buyers looking in the LaPine area is space.  Lapine may be a city, but the actual city is small in comparison to the area referred to as La Pine.  Most of the homes for sale in what is called La Pine are actually outside the city limits and are generally on lots of about an acre.  A few of the great attractions of La Pine are; Newberry National Monument, Mt. Bachelor, The Big Deschutes River, North Twin and South Twin Lakes and Crane Prairie and more than I will list here.  central oregon is more than real estate it is a lifestyle.  A lifestyle that few have the opportunity to enjoy everyday, are you ready to be one of those lucky few?La pine has many choices in real estate, along with a huge price range.  LaPine offers everything from the starter home to the multi-million dollar riverfront with Mountain View home.For more information on La Pine real estate offerings please see the MLS search at Search For Homes.   

Prices Will Go Up – The Question Is When?
Buyer's listen up – have you noticed all the negative print and media ads about how tough the real estate market is?  Don't you find it unusual that when the prices of central oregon Homes were skyrocketing, homes for sale were getting multiple offers and so on everyone thought real estate was booming?They have you scared; they have you thinking this is the wrong time to buy.  What is so wrong with buying today versus buying a year or two ago?  A year ago interest rates were low but prices were high and inventory of homes to buy was lower than it is now.  Many of you had to offer higher than list price to even have a chance at an accepted offer.Today, there are homes on the market ripe for the buying.  Many sellers are offering to pay part or all of your closing costs.  Mortgage rates are still low and there is still 100% financing available.  Many homes are priced lower than you can build a home for. real estate has always had peaks and valleys; central oregon real estate is no exception.  Are we at rock bottom, will the prices continue to fall? I can not tell you – but are they going to go up?  That I can tell you, yes PRICES WILL GO UP, the question is when? Buyer's this truly is the BEST BUYER'S MARKET IN 20 YEARS!  Some of you are sitting back arguing this point with me… but think about this as a BUYER – interest rates are low, there are many loan options, inventory is high and sellers are motivated.

This entry was posted on Thursday, February 21st, 2008 at 2:04 am and is filed under Oregon Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.