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10 most expensive homes sold in central Oregon, Jan. 29 - Feb. 4

By Real Estate Newswire

A house in Bend that sold for $2.3 million tops the list of the most expensive residential real estate sales in central Oregon in the past week.

In total, 57 residential real estate sales were recorded in the area during the past week, with an average price of $651,084. The average price per square foot ended up at $361.

The prices in the list below concern real estate sales where the title was recorded during the week of Jan. 29 even if the property may have been sold earlier.

10. $875K, single-family home at 606 N.W. Powell Butte Loop

The property at 606 N.W. Powell Butte Loop in Bend has new owners. The price was $875,000. The house was built in 2002 and has a living area of 2,192 square feet. The price per square foot is $399. The deal was finalized on Jan. 25.

9. $880K, single-family residence at 17589 Pathfinder Lane

The sale of the single-family home at 17589 Pathfinder Lane, Sunriver has been finalized. The price was $880,000, and the new owners took over the house in January. The house was built in 1998 and has a living area of 1,628 square feet. The price per square foot was $541. The deal was finalized on Jan. 23.

8. $939K, single-family house at 57420 Quartz Mountain Lane

The sale of the single family residence at 57420 Quartz Mountain Lane in Bend has been finalized. The price was $939,000, and the new owners took over the house in January. The house was built in 1974 and has a living area of 2,656 square feet. The price per square foot was $354. The deal was finalized on Jan. 23.

7. $987K, single-family home at 876 N.W. Fort Clatsop Street

The 1,648 square-foot single-family residence at 876 N.W. Fort Clatsop Street in Bend has been sold. The transfer of ownership was settled in January and the total purchase price was $987,000, $599 per square foot. The house was built in 2005. The deal was finalized on Jan. 26.

6. $1.1 million, single-family house at 2000 N.W. Trenton Ave.

The 2,533 square-foot single-family house at 2000 N.W. Trenton Ave. has been sold. The transfer of ownership was settled in January and the total purchase price was $1,100,000, $434 per square foot. The house was built in 1976. The deal was finalized on Jan. 24.

5. $1.2 million, single-family residence at 16660 S.W. Ranchview Court

A sale has been finalized for the detached house at 16660 S.W. Ranchview Court in Powell Butte. The price was $1,225,000 and the new owners took over the house in January. The house was built in 2012 and the living area totals 2,704 square feet. The price per square foot ended up at $453. The deal was finalized on Jan. 12.

4. $1.3 million, single-family house at 183 N.W. 67th Street

The property at 183 N.W. 67th Street in Redmond has new owners. The price was $1,250,000. The house was built in 1978 and has a living area of 3,012 square feet. The price per square foot is $415. The deal was finalized on Jan. 22.

3. $1.3 million, single-family home at 4705 W. Antler Ave.

The 2,643 square-foot single-family home at 4705 W. Antler Ave. in Redmond has been sold. The transfer of ownership was settled in January and the total purchase price was $1,310,000, $496 per square foot. The house was built in 1976. The deal was finalized on Jan. 25.

2. $1.3 million, single-family residence at 1976 N.W. Shevlin Crest Drive

The property at 1976 N.W. Shevlin Crest Drive in Bend has new owners. The price was $1,322,000. The house was built in 2006 and has a living area of 2,691 square feet. The price per square foot is $491. The deal was finalized on Jan. 25.

1. $2.3 million, single-family house at 19150 Tumalo Reservoir Road

A sale has been finalized for the single-family house at 19150 Tumalo Reservoir Road in Bend. The price was $2,250,000 and the new owners took over the house in January. The house was built in 2013 and the living area totals 4,994 square feet. The price per square foot ended up at $451. The deal was finalized on Jan. 19.

Average mortgage rate edges higher this week

• Mortgage Rates: The average long-term U.S. mortgage rate saw a slight increase, rising to 6.64% from 6.63% last week, according to Freddie Mac.

• Factors Driving Rates: This uptick reflects a rise in the 10-year Treasury yield, which influences loan pricing. Bond traders reacted to a strong January jobs report, sparking concerns that the Federal Reserve might delay interest rate cuts.

• Fed's Stance: Federal Reserve Chair Jerome Powell affirmed the central bank's plan to potentially cut interest rates three times this year, beginning as early as May.

• Refinancing Costs: The cost of refinancing a home slightly decreased this week, with 15-year fixed-rate mortgages dipping to 5.90%.

• Market Outlook: While mortgage rates have eased from their peak last fall, they remain significantly higher than two years ago. Economists anticipate further declines throughout 2024, though homebuying challenges such as rising prices and limited inventory persist.

• Housing Market Situation: Elevated mortgage rates and low housing inventory have led to a sluggish U.S. housing market over the past two years, with sales of previously owned homes hitting nearly 30-year lows.

Real Estate and Development has certainly changed over the years. I read the following story that was posted in a facebook group called ‘You know you’re from Bend when…’ by Mr. Paul Wise Chamberlain Sr. I hope you enjoy it as much as I did.

Bend has changed a LOT since first Visiting in the Early Summer of 1959... In search of a new home.

My Mom and Granny, both Born and Raised in Dubuque, Iowa had moved to Southern California around 1940... "the Land of Golden Opportunities".

My Mom went to High School in Pomona, California... and College at UCLA, where she graduated in the Top 10%.

She Worked as a Tool Designer for GE during the War, and Later as an Architect for a Home Building Company... Then Later, working in the Local Escrow Company.

My Mom wanted to get out of LA County... so in 1958 we went up to California's "Gold-Rush" Area to look for Property, but my Mom didn't find what she wanted.

The Next year, at the LA County Fair in Pomona, she bought the Demo Model of the First Camper Built by "Dreamer Campers" there in Pomona... And we took off to tour the 13 Western States looking for new home.

In Bend, we, Mom, Granny, my Sister and I, stayed at the old "Riverside Trailer Park" and visited with the Mitchell Family at the old "House of Obsidian Rock Shop"... Later renamed to the "Chaparral Motel"... Mom was an Avid Rockhound!

The old “House of Leather” was the farthest South Business back then!

I can’t remember just when, but Skiing Migrated from “Skyliners” to “Bachelor Butte”.

When we got back home, we sat around the Dinner Table to discuss the places we had visited... And Unanimously Decided Bend was the place we liked the most!

So, Mom and I returned to Bend, and Stayed with the Mitchell's while Mom looked for Property.

Again, She couldn't find Property she Liked, or could Afford.

Bob Mitchell suggested that she should "Knock on Doors" in a small community 30 miles South Called "LaPine".

In LaPine, she found an old Retired Shevlin-Hixon Logger named Tom Tubman that had 88 acres he had Bought from BLM for 50¢ an acre... A Cabin he had bought from Shevlin-Hixon for $50... and a Dog named "Ike".

We got the Property, Cabin, and Ike for about $250 an Acre on Payments until we could sell the House in Pomona that Mom had Designed and had Built.

Mom hired the Lovelace Men, 3 generations, out of Bend to Build a Storage Building for Our Household Goods, with a Frontal Area for a Business... That became the "LaPine Rock & Gift Shop".

We lived in that old Shevlin-Hixon Cabin, with 4 Add-On Rooms around 3-sides for the next 5 years... until our new 4-bedroom, 2-story house, with attached 2-car Garage and Woodshed, and an 18'x24' Basement that I mixed and Poured the Concrete for during my 1964 BSHS Spring Break was built.

Bob Mitchell was also a Contractor... So Mom Designed some Spec-Houses, and Bob Constructed them out in the Country Club area.

Mom Hired Bill Hudson, a COCC Surveying Professor to come down with some Students to Survey the 88 acres for a Subdivision of 1-acre Parcels, except for 3/4 acre parcels for the Eastside Property overlooking the Little Deschutes River.

Mom Hired Leonard Moe out of Bend to Knock-Down the trees for the three internal roads... and hired the Lovelace Men again to Buck the trees into 4' Sections for a near lifetime supply of Firewood!

We cut those 4' sections into 16" rounds with old Bucksaws that we bought at the old "Bend Trading Post" in the old Bend Woolen Mill Building, before they Moved out to Tumalo.

Fortunately, after a couple of years, I talked Mom into buying our first Chainsaw… A small Homelite from a shop on Franklin.

The old LaPine Schoolhouse had four classrooms up stairs, with 2-grades per classroom, as “Grade School”.

“High School” was in classrooms downstairs, and in an Outbuilding.

Before I Graduated to “Downstairs”, we were voted into the Bend School District.

We lost our High School and got a Small Yellow School Bus.

There was maybe 9-10 of us from LaPine… Then we picked-up All the Grades from “Harper”, then Fall River and Spring River… and dropped everybody off at the various Schools in Bend.

O lived down the road from the Buss Driver, so I was Second on the bus.

Back Then, the busses were parked by the old Junior High School, my School for 9th grade, so Last off the Bus… 52 miles and 1 ½ hours after getting on the bus!… Same for the return trip back home… First on, second to last getting off.

I wouldn’t even Think of trading that experience with a life remaining in LA County!

I was in LaPine 4-H for Multiple years, and my Mom was Master of the Grange in La Pine for two consecutive years.

While Master, she Coordinated with the Old LaPine Community Club and Pioneer Club to Create a “Frontier Days Barbeque” on July 4th.

A local Rancher would Donate 2 Steers, and a local Trapper/Hunter would Donate a Bear.

The Redmond “Sourdough Club” would come down and Bake Biscuits, and cook Beans in a big Iron Kettle hanging over a fire from a Lodgepole Tripod… Stirred with a Canoe Paddle!

Old Country Fair type “Games” were played, with the Highlights being a Community Tug-o-War and a “Greased-Pole Climb” for a $20 Bill at the top!

Robert Mitchum and his Son Attended in 1967, when they were filming “The Way West” Locally!

Richard Boone and the “Have Gun Will Travel” Film Crew would shoot one episode a year here.

Leonard Moe would do any Land Clearing or other Heavy Equipment work, and Mary Moe would Provide “Animal Extras”.

Deschutes County reached 23,100 residents in 1960, with 11,936 in Bend, and 200 in LaPine!

Bend was 102,059 in 2021, and the newly Incorporated City of La Pine was 2,538 in 2021.

However, the “Greater LaPine Community”, about a 10-mile radius, is approaching 100,000!

I currently live 8-miles South of LaPine and Still have a “La Pine” Address and Zip Code!

“River Pine Estates”, with its Long “Paul Drive”, that Mom developed in 1962 is less than a mile North of my Current Home.