Luxury Real Estate Blog

What Happened With Bend Luxury Home Sales the First Six Months of 2025? 2025 has been a year so far that has seen a significant increase in real estate inventory across the country. The greatest increase in inventory in Bend has happened in the second quarter, although there was movement in the first as well. For the high end market, the increase in listings has resulted in many more options for would-be Bend home buyers. And buyers have become very discerning in their choices. Days on market have increased as have months of supply. Many sellers who wanted to test the market or wanted to list their home at a price to provide room for negotiation may have been disappointed to receive no offers, or even worse, no showings. With million dollar plus inventory levels up over 70% in the first half of 2025 compared with the first half of 2024, buyers with savvy agents are showing properties priced for today's market that meet their buyer's needs. There is a lot of competition for the Bend luxury home buyer.

Bend Luxury Home Inventory is Up For Bend buyers looking for their ideal luxury home, there was a significant increase in the number of homes for them to pick from in 3rd quarter 2024. When we look at Bend million dollar homes, the categories of homes for sale over $1,300,000 had anywhere from 45% to 89% more listings for buyers to consider. It appeared that more sellers were willing to list their property in 2024 than in 2023, perhaps tied in with lower mortgage interest rates experienced in this time period; the cost to sellers for their financed replacement home would be less with lower rates, often making the seller determine that the time to list was then.

Bend Luxury Home Buyers Have More Options The figures are out and the first six months of 2024 reflects an increase in Bend homes for sale over $1,000,000. The amount of Bend luxury home inventory is significantly up compared with 2023 and 2022 which leads to more options for the Bend home buyers who can afford a high end home. The days on market are rising and home sellers who really need to sell are recognizing that with more competition, asking price needs to reflect today's market.

Are Bend Luxury Home Prices Stabilizing? It has been a while since we have done a careful analysis of the high end Bend home market. Overall, the Bend real estate market has seen growth in inventory levels along with high mortgage interest rates and a more normal increase in home prices. The same cannot be said for the luxury market. For Bend single family luxury homes on less than an acre, inventory levels and sales prices appear to have stabilized with only a slight increase in the number of homes priced between $1,000,000 and $1,600,000. For homes priced over $1,600,000, there has been a decrease in sales price over the past twelve months.

Exquisite North Rim residence showcasing panoramic Cascade Mountain views. This incredible home has been extensively renovated and upgraded with a meticulous eye towards craftsmanship and quality of finishes and materials. Experience comfort and relaxation in the primary bedroom wing boasting a cozy sitting area, stunning views, and a luxurious bathroom designed for both functionality and serenity. An abundance of natural light in the great room with french door access to the expansive elevated deck. The morning Alpenglow and evening sunsets will leave you breathless. Incredible designer kitchen, butler pantry, den/office, and guest room with ensuite bath round out the main level. Lower level includes 2 Beds/2 Baths, game/tv room, and bonus flex room, all with access to the beautiful & spacious halfmoon rear patio. 1,100 sqft private front courtyard with soothing fountain and welcoming hot tub/spa with a dedicated view of North Sister. 3-Car garage with heated driveway. More photos and a Matterport are available.  Click here!

Imagine living on the banks of the Deschutes River stepping out your back door to a large deck with vast views of the river. Enjoy the private landscaped back yard completely redesigned with a lower deck by the water. Enjoy the lower deck in the summer evenings by the glow of the fire pit. This charming home has its own dock to launch your kayak or paddle board down the river. Drake Park, Downtown Bend and the Old Mill are within walking distance. Walk to fine restaurants and all the summer and winter activates the Old Mill and Downtown have to offer. This home has sweeping views and offers charm and character along with plenty of room for your family to spread out. It has 4 bedroom 3.5 baths, 3286 square feet with hardwood floors in the great room along with a wood burning stone fireplace, a huge laundry mud room with pet bath. This home was remodeled from framing out in 2003 with Pozzi windows, Grade A cedar siding which was re-stained 3 years ago and commercial grade wool carpeting. For more information, contact Jan Davey or Kim Bishop at 541-390-1609 or 541-410-8656 or click here. Single property website can be viewed here.

Bend Luxury Home Sales Breaking Records It is hard to believe, but ten years ago million dollar sales in Bend were rare and uncommon. Out of 1679 sales during the preceding 12 months that included February, 2012, only 9 were for more than one million dollars for Bend single family homes on less than an acre. This figure was .5% of total sales

Nestled under a canopy of ponderosa pines, on an elevated .24-acre lot at the end of a private cul de sac, this home is the complete package! The quality is evident throughout this well considered 2,535 sf single level floor plan with 4 spacious bedrooms, 3 full bathrooms, 2 car attached garage & stunning forest & mountain views, just steps away from Shevlin Park & trails & close to downtown Bend. The great room features a stacked stone gas fireplace, hardwood flooring, vaulted ceilings, oversized picture windows, chef's kitchen with slab countertops & full backsplash, wine fridge & spacious island to gather around for happy hour. Added amenities include a dedicated office, master suite with walk in closet & soaking tub, junior suite, Cat5 wiring inside & out, covered paver patio, low maintenance landscaping with raised beds and sprinkler system, built in fire pit, fence and fully fenced gates on east and west side of home, & laundry/mud room with storage closets. Contact Sherry Ortega, Principal Broker or Chelsea Ortega, Broker for more information.  Or click here to see more photos and 3D Tour.

Panoramic Cascade Mountain views from Broken Top to Jefferson. Main home features two-story living room with rock fireplace, great room with vaulted ceilings, family/bonus room, media room with wet bar, large master suite with soaking tub, 4 bedrooms, 3 baths. Kitchen has granite countertops, stainless appliances, refinished cabinets & hardwood floors. Attached 3-car garage plus 41x48 heated RV garage/shop with 220v & 50a & RV dump. There is also a detached 1428 sq ft 2 bedroom, 1 bath/laundry room guest house with gas fireplace, great room & dedicated septic. Acreage is fenced with paved driveway, 3 acres of irrigation and pond. The location of this property and its proximity to Tumalo Reservoir make it ideal for horseback riding, mountain biking, hiking, bird watching, and many other outdoor recreational activities. 

Bend Oregon Luxury Home Sales Have Spiked in the Last Year When we think of luxury homes in Bend, we have a vision of a grand property with stunning mountain or river views, lots of elbow room, and fabulous amenities. Easy location to access the Bend lifestyle, which includes proximity to downtown, the mountains, the river, and the Old Mill also checks a lot of homebuyer's luxury wish lists. Having an up-to-date architectural design and interior features are also important to many who are making Bend their home. Yet with so many people moving to Bend over the past year and with inventory supply not keeping up with demand, homes that are not considered luxury have pushed the million dollar market into never before seen figures.