Developed prior to the housing crash of 2008, the first 200 homesites offered at Brasada Ranch sold out in a weekend. This special community offers three clubs - athletic, equestrian or golf - as well as privacy and panoramic views. While the development suffered as did all Central Oregon real estate during the great recession, Brasada Ranch came out of those challenging times stronger and with a great vision. It quickly became a very popular destination for many looking for a vacation home or a year-round residence offering the peace and tranquility of the high desert, while all the while enjoying three great active clubs and their amenities. The residents of Brasada Ranch believe as do the readers of Conde Nast Traveler that it is among the "Best Resorts in the World (2021), The United State...
We track on a monthly basis the real estate single family home sales trends for Bend, and on a quarterly basis those of Redmond. However, there are four other cities in Central Oregon which are important markets to our home buyers and sellers. The small city of Sisters typically has had higher prices than the other Central Oregon municipalities, but the access to the Cascades and other recreational opportunities has been a draw for those who like its quaint, western theme. For many for whom Bend is too expensive, wonderful options are available in La Pine, Madras and Prineville.
For the past three years, all three towns have followed the same market trends for their single family home sales as we have seen in both Bend and Redmond. Lack of inventory with high demand drove home prices up through 2021 into mid 2022, at which time the sharp increase in mortgage interest rates led to a...