James Kinney

June 2024 Newsletter

Summer is on in Bend and Central Oregon. Follow the link to my June Newsletter. June Newsletter CLICK HERE

March 2024 Bend Oregon Real Estate Newsletter

Happy March! As we swing into spring in Central Oregon, this newsletter is packed with news and data on Bend and Central Oregon real estate. New commercial developments are all over Bend and I am sure you have seen the construction cranes towering over these. The February market reports are in and a recap of real estate for 2023 is also here for you to review. And, of course skiing and snowboarding are still going strong with some epic conditions in February and early March. With home prices maintaining close to market highs this spring could be a great time to think about selling to a market that is still tilted to the seller. I would love to help you or someone you know sell your home and realize your real estate goals. I am passionate about helping my clients assess their home and negotiate the highest price when selling. Reach out for a FREE HOME EVALUATION to see what your home or property might be worth. Enjoy the newsletter and this quote by Craig Groeschel, "Successful People Do Consistently What Normal People Do Occasionally". Free Home Valuation PLATFORM DEVELOPMENT Photo Curtsey of Bend Bulletin Embarking on an exciting journey of growth, Bend sees the emergence of two magnificent five-story apartment buildings known as the Platform. Nestled on the historic grounds that once housed Les Schwab Tire Center's flagship store, this development promises a seamless blend of modern living and cherished memories. In a visionary move, Bend's city councilors have given their nod to this extraordinary project's residential facet by granting a 10-year tax exemption. This strategic decision is a pivotal part of the city's multi-unit property tax exemption program, designed to catalyze the development of upscale multi-family housing in specific areas, adding a touch of allure to the city's landscape. Get ready to witness the harmonious convergence of history and innovation at the Platform, where a vibrant community awaits its residents. Read More About The Platform Jackstraw Development Photo Curtsey of Bend Bulletin The Jackstraw is a mixed-use development that aims to harmonize with the character of Bend and use innovative approaches to design, sustainability, the arts and social impact, according to its developers. Spanning a 4.7-acre site between Industrial Way and Lava Road, The Jackstaw will include 313 units, offering a mix of townhomes and apartments that cater to a diverse mix of Bend residents. The ground floor will feature 17,500 square feet of retail spaces, providing a hub for local shops and businesses, meant to complement the adjacent Box Factory. There will be approximately 450 parking stalls for residents, visitors and customers. Read More About The Jackstraw Development Timber Yards Development Photo Curtsey of Bend Bulletin Bend's newest landmark development, set to transform the landscape of the city. Located on the historic grounds of a former particle board plant, this visionary project has received unanimous approval from the City Council. Spanning 32 acres, Timber Yards will boast the city's densest blend of residential and commercial spaces, with building heights reaching up to 75 feet. Among its impressive features are 1,600 housing units, including 250 earmarked for affordable senior living, a 180-room hotel, and dynamic retail and office spaces. Nestled in the heart of Bend's bustling landscape, Timber Yards offers unparalleled convenience. Situated within walking distance of the iconic Old Mill District, residents will enjoy easy access to a plethora of dining, shopping, and entertainment options. The nearby Deschutes River beckons with its serene beauty, perfect for leisurely strolls or adventurous activities. Read More About The Timber Yard Development February Market Statistics End-of-Year Overall Market Report Search Bend Homes Property Search Search Sunriver Homes Property Search Search La Pine Homes Property Search Search Sisters Homes Property Search Search Redmond Homes Property Search Search Prineville Homes Property Search Photo Courtesy of James Kinney Photography You have probably noticed - I Love Skiing! It's my favorite thing to do and I love showing others around Mt. Bachelor. There is nearly two and a half months of skiing and riding remaining in Mt. Bachelor's season. Spring brings summit and backside laps, powder storms, and sunny corn conditions that are some of the best in North America. I have spent 21 years riding every part of Mt. Bachelor and would love to ski with you. Reach out and let's get after a fun day of skiing and snowboarding!!! Photo Courtesy of Mt. Bachelor Ski Resort Mt. Bachelor is now open daily for skiing and riding. Stay up to date on lift operations and conditions! Mt. Bachelor Weather Conditions Photo Courtesy of Ski Hoodoo Just 45 Minutes from Bend, Ski Hoodoo offers Cheaper, Deeper, and Steeper for an affordable price! Hoodo Ski Hoodoo Mountain Conditions Arianna Restaurant - Nestled within a charming craftsman bungalow on Bend's Westside, Ariana is a culinary haven in the heart of Oregon. Renowned for Chef Andres and Ariana Fernandez’s seasonal chef’s tasting menus, the restaurant weaves a gastronomic tapestry using the bounty of the Northwest and support from local farmers in Central Oregon. With an extensive wine list featuring selections from the region and signature cocktails crafted from distinctive spirits, Ariana invites you to not just savor their delectable offerings but to also embrace the warmth of their home, where passion for food and a commitment to sustainability converge for an unforgettable dining experience. , Arianna Food Menu Brickhouse Food Menu Brickhouse Bend - Brickhouse is located in the Historic Firehall Building in Downtown Bend across from the Oxford Hotel. Serving USDA Prime Steaks, the highest grade of USDA Beef produced in the U.S. Fresh Wild Seafood are specialties of Brickhouse. Brickhouse serves you only Hormone Free and Anibiotic Free proteins. We procure only the finest ingredients available including many Organic Products. Award winning wine list, Wine Spectator Best of (2 glass) Award of Excellence. Well stocked bar, comfortable booth seating. Currents at the Riverhouse - Riverhouse on the Deschutes is the gateway to the high desert and a symbol for the unique lifestyle that defines it. Guests searching for the perfect balance of relaxation and adventure find unforgettable moments here along with the sophisticated comforts of spacious, modern rooms, fine northwest dining, and the incomparable companionship of the river. Here along the river lies the unofficial headquarters for those who feel the draw. A place where one can live out the dreams the city cannot accommodate. Riverhouse will convey approachable upscale modernity with rustic high desert overtones. There is an unassuming sophistication within our walls. One belief guides the experience the Riverhouse provides amidst this life. Taught by sounds of the river itself, it’s understood; we are all guests here. Currents Food Menu 900 Wall Food Menu 900 Wall - Established in May of 2009, is located in the heart of downtown Bend. Our food is best described as modern American, with strong influences from Italian and French cuisine. Our menus are seasonally inspired and responsibly sourced. Our Chef, Cliff Eslinge, and our staff take pride in the use of fresh, local, organic, responsibly sourced ingredients when possible. We uphold the principal that great dishes begin with high quality ingredients. 900 Wall is unique in location and atmosphere. Our two story brick building, built in 1920, has a distinct character that gives our space historical charm infused with industrial-chic design. Zydeco Kitchen & Cocktail - Harvest season is here and we are delighted with the bounty from our local farmers. We look forward serving you and your guests our weekly specials created to highlight these delicate fall flavors. Located in the heart of downtown Bend, Zydeco Kitchen & Cocktails offers fine Northwestern cuisine with a Southern twist from the esteemed Chef Steve Helt. At Zydeco Kitchen & Cocktails we focus on quality, hormone and pesticide free organic ingredients. We also offer a full Gluten-Free menu for our guests. Zydeco Food Menu Message me for a FREE copy of the magazine. It's worth the read. GG is an independent magazine with top quality entertainment value. Architecture, lifestyle, fashion, design, yachting, luxury, travel… We scour the globe for the most exciting topics and most fascinating personalities, and invite you, dear reader, to come along for the ride. GG is a premium magazine featuring entertaining, well-researched stories. Meet the prominent architects, illustrious designers and distinguished artists everyone is talking about, and gain an entirely new perspective on their life and work. Read the new GG Magazine online. Just click on the link below and have a flick through. Of course GG Magazine is still available at your Engel & Völkers Bend located on Wall Street in downtown Bend. Digital Copy - Read it here! Photo Curtsey of Rain Or Shine Guides Best in Bend - March Edition What’s that saying about March coming in like a lion, out like a lamb? Bend’s a bit like that, but maybe the Lamb rides the... Read More Photo Curtsey of The Oregon Life Savory Spice Shop - Old MIll District Perry’s Savory Spice store is not only for chefs. Savory Spice products are for anyone wishing to elevate their... Read More Photo Curtsey of The Go Wander Wild Bend Oregon - Travel Guide Bend Oregon is a beautiful town located on the Deschutes River in central Oregon. Bend has anything an outdoor enthusiast... Read More 16465 Suntree Lane, Sisters, Oregon OFFERED AT $15,900,000 USD Property Details 19215 Cartwright Court, Bend, Oregon OFFERED AT $3,700,000 USD Property Details 19209 Cartwright Court, Bend, Oregon OFFERED AT $3,650,000 USD Property Details 60340 Sunset View Drive, Bend, Oregon OFFERED AT $2,485,000 USD Property Details 1166 NW Redfield Circle, Bend, Oregon OFFERED AT $1,750,000 USD Property Details 612 SW Otter Way, Bend, Oregon OFFERED AT $1,250,000 USD Property Details 320 W Cascade Avenue, Bend, Oregon OFFERED AT $1,250,000 USD Property Details 64859 Collins Road, Bend, Oregon OFFERED AT $1,200,000 USD Property Details 16828 Wilt Road, Sisters, Oregon OFFERED AT $1,200,000 USD Property Details 1860 NW Rimrock Drive, Bend, Oregon OFFERED AT $1,199,000 USD Property Details 55416 Heierman Drive, Bend, Oregon OFFERED AT $938,000 USD Property Details 61023 Light Peak Drive, Bend, Oregon OFFERED AT $989,000 USD Property Details 63095 Pikes Court, Bend, Oregon OFFERED AT $835,000 USD Property Details 1938 SW 39th Street, Redmond, Oregon OFFERED AT $699,000 USD Property Details 315 SW Cascade Ave, Redmond, Oregon OFFERED AT $529,000 USD Property Details 61254 Blakely Road, Bend, Oregon OFFERED AT $524,900 USD Property Details 8598 Red Wing Lane, Redmond, Oregon OFFERED AT $489,900 USD Property Details 55674 Camp Site, Bend, Oregon OFFERED AT $475,000 USD Property Details 1132 Golden Pheasant Drive, Redmond OFFERED AT $449,999 USD Property Details 555 Scenic Loop, Culver, Oregon OFFERED AT $436,000 USD Property Details 532 Scenic Loop, Culver, Oregon OFFERED AT $436,000 USD Property Details 3103 SW Peridot Ave, Redmond, Oregon OFFERED AT $410,000 USD Property Details 2335 NW Bens Court, Bend, Oregon OFFERED AT $340,000 USD Property Details 1050 NE Shore Line Rd, Prineville, Oregon OFFERED AT $199,000 USD Property Details 325 N Fir Street, Sisters, Oregon OFFERED AT $193,450 USD Property Details 0 Woodslide Spur Trail, Lakeview, Oregon OFFERED AT $130,000 USD Property Details 15522 Deer Avenue, La Pine, Oregon OFFERED AT $83,500 USD Property Details 51596 Dorrance Meadow, La Pine, Oregon OFFERED AT $80,000 USD Property Details 51590 Dorrance Meadow, La Pine, Oregon OFFERED AT $75,000 USD Property Details 51581 Dorrance Meadow, La Pine, Oregon OFFERED AT $75,000 USD Property Details James Kinney Global Real Estate Advisor Engel & Völkers 541-410-2974 [email protected] I jameskinney.evrealestate.com 201248718

Kinney January 2024 Newsletter & Screen Saver | Engel & Völkers Bend

PLATFORM Photo Curtsey of Bend Bulletin Photo Curtsey of Bend Bulletin Read More About The Platform Embarking on an exciting journey of growth, Bend sees the emergence of two magnificent five-story apartment buildings known as the Platform. Nestled on the historic grounds that once housed Les Schwab Tire Center's flagship store, this development promises a seamless blend of modern living and cherished memories. In a visionary move, Bend's city councilors have given their nod to this extraordinary project's residential facet by granting a 10-year tax exemption. This strategic decision is a pivotal part of the city's multi-unit property tax exemption program, designed to catalyze the development of upscale multi-family housing in specific areas, adding a touch of allure to the city's landscape. Get ready to witness the harmonious convergence of history and innovation at the Platform, where a vibrant community awaits its residents. Photo Curtsey of Mt. Bachelor Ski Resort Mt. Bachelor is now open daily for skiing and riding and hiking, Stay up to date on weather conditions! Mt. Bachelor Weather Report This Month's Screen Savers As many of you know I love Central Oregon's natural scenic beauty and love capturing it with a camera. Here are two photos for you to enjoy. Porter Bewing Food Menu Porter Brewing Co - We proudly brew 100% cask-conditioned real ales. "Real ale", a term originally coined in the UK, is beer that is unfiltered, unpasteurized, and goes through a secondary fermentation in the cask (similar to a keg) where it naturally carbonates. You can also find import beers on nitro and draft at our pub In lieu of your typical beer tap which adds additional carbonation, our cask-conditioned ales are hand-pumped using English beer engines that were imported from the UK. We serve 20 oz imperial pints and 10 oz half pints, in addition to tasting flights. Served at cellar temperature, you're able to enjoy the malty goodness of each brew. We proudly brew 100% cask-conditioned real ales. "Real ale", a term originally coined in the UK, is beer that is unfiltered, unpasteurized, and goes through a secondary fermentation in the cask (similar to a keg) where it naturally carbonates. You can also find import beers on nitro and draft at our pub. Nome Italiano - Indulge your senses in the heart of Bend, Oregon, where culinary excellence meets enchanting ambiance at Nome Italiano—an upscale Italian haven like no other. Step into a world where exceptional food, extraordinary wines, and a warm, inviting atmosphere converge to create an unparalleled dining experience. At Nome Italiano, we craft each dish with passion and precision, offering a symphony of flavors that transport you straight to the vibrant landscapes of Italy. Our exceptional chefs meticulously prepare delicious recipes, showcasing the artistry of homemade Italian cuisine. From the first tantalizing bite to the last lingering note, every plate tells a story of tradition, innovation, and unparalleled quality. Nome Italiano Food Menu GG is an independent magazine with top quality entertainment value. Architecture, lifestyle, fashion, design, yachting, luxury, travel… We scour the globe for the most exciting topics and most fascinating personalities, and invite you, dear reader, to come along for the ride. GG is a premium magazine featuring entertaining, well-researched stories. Meet the prominent architects, illustrious designers and distinguished artists everyone is talking about, and gain an entirely new perspective on their life and work. GG is a stylish, independent, international magazine bursting with exuberance, sensuousness and vitality. This premium publication will keep you up to date on everyone and everything worth knowing from London to New York and from Berlin to Hong Kong. Plus: GG’s biggest advertiser is the luxury real estate and yachting company Engel & Völkers, which always showcases some of the world’s most gorgeous properties and yachts. Digital Copy - Read it here! Photo Curtsey of Visit Bend The Best Things To Do in Bend - January A new year is like a blank canvas. Actually, scratch that. It’s a field of fresh snow waiting for you to make... Read More Photo Curtsey of UnSplash 10 Reasons Why Every New Year we hear people say a million different resolutions that will change their lives for the better. Some of the classic.... Read More Photo Curtsey of The Emerald Palate The Emerald Palate - Winter Travel Guide I’m always on the hunt for things to do in Bend, Oregon in winter because my family has a tradition of going there to ski... Read More View All Listings Here 16465 Suntree Lane, Sisters, Oregon OFFERED AT $15,900,000 USD Property Details 19209 Cartwright Court, Bend, Oregon OFFERED AT $3,700,000 USD Property Details 19504 SW Century Drive, Bend, Oregon OFFERED AT $1,650,000 USD Property Details 320 W Cascade Avenue, Bend, Oregon OFFERED AT $1,250,000 USD Property Details 64859 Collins Road, Bend, Oregon OFFERED AT $1,200,000 USD Property Details NE Vail Avenue Lots, Bend, Oregon OFFERED AT $950,000 USD Property Details 63095 Pikes Court, Bend, Oregon OFFERED AT $835,000 USD Property Details 2141 NE 8th Street, Bend, Oregon OFFERED AT $775,000 USD Property Details 7818 Snowpack Circle, Klamath, Oregon OFFERED AT $769,000 USD Property Details

October Newsletter With Crater Lake Screen Saver Photo

Stay connected and stay informed about the exciting future plans and developments happening in beautiful Bend, Oregon! We invite you to click the link below to access the latest updates and insights into the dynamic growth and transformation of our vibrant city. Be a part of Bend's journey into the future! Resilient Market The Central Oregon Real Estate Market continues to remain strong despite high interest rates that are stifling financed buyers. Why? I believe it is due to the desirability and quality of life in Central Oregon, bringing cash buyers, while inventory of homes for sale remains very low, creating strong demand. What does this mean for Sellers? With prices softening just slightly in the last 45 days it is still a great time to sell and take advantage of the equity gains seen over the last several years. Cash buyers make transactions more straight forward and easy. If you are considering selling, keep in mind that a clean decluttered home that shows well and working with an agent who is dedicated to your success makes a difference and leads to an overall higher sales price. What does this mean for Buyers? Buyers continue to struggle with prices near all time highs in Central Oregon. However, there are always motivated sellers and good value properties that come to market. These properties go under contract very quickly and buyers must be prepared to take decisive action. Knowing exactly what you are looking for and having an agent who understands the market and can identify properties for you before they come on the market is key to finding the right home at the right price for you. Central Oregon continues to grow. Deschutes county is the fastest growing county in the state of Oregon for a reason. This is a desirable place to live with a high quality of life. This bodes well for the future of Bend and Central Oregon. Reach out if you have any questions. I would love to hear from you. Make It A Great Day! Crater Lake Screen Saver Each month I will share one of my Central Oregon photographs with you. Use it for a screen saver and be reminded of Central Oregon's natural beauty! This month I'm sharing a photo of Crater Lake in winter I shot on a cloudless winter day. I hope you enjoy! Ski Season Is Just Around The Corner! The countdown to winter is on! Opening Day for the 2023/24 ski and ride season is scheduled for Friday, November 24, weather and conditions permitting! As many of you know, I LOVE skiing and have for most of my life. For me, it is the ultimate experience of Freedom in nature and there is nothing better for my body, mind, and spirit than time on my skis. Bend is a SKI TOWN and has been since Scandinavian people came to Bend to work the lumber mills in the early 1900's. With no on mountain real estate, Bend is the home base for skiing and riding at Mt. Bachelor. I will be featuring some of Bend's best ski homes this winter with a series of videos that will take a look inside the latest design, building trends, and some of the best ski rental properties. Stay tuned!!!

Where Are Real Estate Prices Headed???

Zillow Economist Predict Price Increases for 2023 and 2024 As we have seen over the last decade it has been more difficult to predict the future of the real estate market than it was in the past when steady 3%-5% price increases were more the norm. The great recession, the recovery, Covid, and the effects of remote work are all dynamics that have impacted the real estate market nationally and specificall here in Bend, Oregon. Some economist are forecasting possible price decreases in 2024 while others are forecasting price increases. Ultimately, there are many factors that go into deciding when to sell or buy real estate with individual motivations being widely varied, including current and future real estate prices. Like the stock market, we would all love to know we bought low and sold high, however, waiting to time the market perfectly is difficult. We do know that over a longer time horizon, the Bend and Central Oregon real estate market has proven resilient with values increasing due to the high quality of life that continues to make it a desirable place to live. Zillow Economist Forecast Zillow economists are expressing a robust bullishness towards the US housing market, forecasting a surge of over 6% in home prices over the next year. According to their Home Value Index, they predict a rise of 5.8% by the end of 2023, further escalating to a 6.5% increase by July 2024. What sets Zillow's prediction apart is its emphasis on the current housing inventory shortage as a driving force behind rising prices. The reduction in available homes on the market, down by half since July 2019, is a key factor that has maintained the upward pressure on home prices. Despite elevated mortgage rates, the scarcity of homes available for sale continues to exert this influence. Zillow researchers pointed out that this tight inventory situation, coupled with persistently high mortgage rates, is also expected to keep sales volume limited in the upcoming months. The challenge of affordability has been evident over the past year, largely attributed to the impact of high mortgage rates. While such rates traditionally dampen demand, they've also discouraged existing homeowners from listing their properties, favoring the historically low rates at which they financed their homes in the past. This dynamic has led to an uneven housing market, where the prospects of improved affordability hinge on a more significant reduction in mortgage rates. Industry experts suggest that rates would need to fall into the 5% range to unlock greater inventory availability. So, for now prices in Bend have continued to remain at near market highs. If you are considering selling, it can be a great time to capture the growth in equity and if you are buying consider a long growth mindset. Reach out to me if you would like to discuss any of your real estate needs now or in the future. Cheers,

Predictions Where Will Mortgage Rates Go

Mortgage rates have climbed to their highest in almost 22 years and this has drastically impacted buyers who are financing their real estate purchase. What does this mean for the real estate market? As with so much over the last few years, it is difficult to predict and we have seen markets react differently than conventional wisdom holds. Below is a summary of where 8 leading research firms expect rates in Q4 2023 and beyond. Will this lead to a buying frenzie in 2025? Only time will tell. But for now low inventory of homes For Sale is keeping prices strong in the Central Oregon market. The MBA: The trade group projects that the 30-year fixed mortgage rate will average 5.9% in Q4 2023. Beyond this year, the group expects mortgage rates to slide to 4.9% by Q4 2024. Morningstar: Economists at Morningstar project that the average 30-year fixed mortgage rate will average 6.25% in 2023, 5.0% in 2024, and 4.0% in 2025. Goldman Sachs: The investment bank projects that the 30-year fixed mortgage rate will end 2023 at 6.4%. In 2024, Goldman Sachs expects the 30-year fixed mortgage rate will average 5.9%. The National Association of Realtors: Economists at NAR forecast that the 30-year fixed mortgage rate will slide to 6.4% before the end of 2023, and then to 6.0% in 2024. Morgan Stanley: The Agency MBS strategists at Morgan Stanley project that the 30-year fixed mortgage rate will start 2024 at 6.0%. Moody’s Analytics: The financial intelligence arm of Moody’s still projects that the 30-year fixed mortgage rate will average 6.5% through most of 2023. Realtor.com: Economists at the home listing site believe the 30-year fixed mortgage rate will start 2024 at 6.1%. Fannie Mae: Economists at Fannie Mae forecast that the 30-year fixed mortgage rate will average 6.6% in Q4 2023. Then Fannie Mae expects mortgage rates to grind down to an average of 5.9% in Q4 2024. For the calendar year, Fannie Mae expects mortgage rates to average 6.1% in 2024. Whether your looking to buy or sell your home, I'm here to guide you to meeting your real estate goals. Reach out today to get in touch with me.

James Kinney

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