River's Edge Village Actual Property Market Traits - Techsquer

River’s Edge Village Actual Property Market Traits


Situated on Awbrey Butte’s jap flank, River’s Edge Village was initially developed in 1987 together with the River’s Edge Resort and Conference Middle and the primary 9 holes of the golf course.  The second 9 holes of the course have been inbuilt 1992 and the subsequent 200 homesites platted round this higher location of the event have been launched for particular person buy, creating a novel subdivision. Subsequent phases of River’s Edge have been developed by Pahlisch Houses with the modern structure that’s in style in Bend at present. The golf course was bought by the neighborhood in 2022 and is a popular public course.
Market Traits for River’s Edge Single Household Dwelling Gross sales
Dwelling costs are step by step growing in River’s Edge. In contrast to many Bend subdivisions, River’s Edge nonetheless has new building as a part of its residence gross sales. However the brand new houses being constructed are consistent with present market developments and residential costs are rising at a traditional price.

New listings in River’s Edge are made up of each new building and resales. Of the 55 houses listed within the final twelve months, 30 of them are new building.

As mortgage rates of interest have risen, the affordability of houses has decreased. That is mirrored as properly in River’s Edge the place residence gross sales are down 12 months over 12 months. Rising costs coupled with excessive rates of interest lead to fewer patrons with the ability to afford houses. We’re seeing this in Bend, Central Oregon, and the nation as a complete.


#Rivers #Edge #Village #Actual #Property #Market #Traits