Tetherow Market Update
Ladd Group Market Update:
Q1 – 2018
A year ago we were just digging out of a very snowy winter and the real estate market got off to a sluggish start to the year. That is not the case this year. As you can see from the Central Oregon Quarterly Reports, almost every section of the market in Central Oregon is experiencing growth since this time last year. This is especially the case in the Tetherow market. We have seen growth in terms of number sold as well as Median Price for both Residential and Land listings. In Q1 2018 there were 8 lot sales vs 6 in Q1 2017, while Median Price went from $335, 083 in Q12017 to $341,988 in Q12018. The jump was much more impressive for Residential home sales with 14 sold in Q12018 ($15.3M in total sales) vs 8 sold ($8.5M in total sales) in the same quarter last year, although the price of these sold homes remained largely unchanged. This is slightly misleading as a few of these home sales were part of the Trailhead and Cairn Vacation Rental Properties which are a different price point than the full time residences in Tetherow.
Looking forward, barring any world events, we see no reason that this momentum won’t continue. As the main point of contact at the resort, both online and in person, we only see interest in Tetherow continuing to grow. In the coming weeks, the extension of Hosmer Lake Drive in the Crescent neighborhood will be officially recorded, bringing on renewed interest to Tetherow and offering a range of home sites from wooded lots to sweeping mountain views. If you would like to learn more about this release, please visit bendpropertysource.com/northforty . Inventory for existing homes is light and the demand is high, so if you or someone you know has been thinking of selling, we are confident we can find a buyer for you. With all the activity we have seen recently, it would be a great time to see how this has affected your property value. Send us an email or give us a call and we would be happy to send you a property valuation report. If you know someone who might be interested in learning about the area, send them our way and we’ll help them see how great living in Tetherow can be.
Brian Ladd Principal Broker
Brian was the best agent to work with. He was always willing to work around my difficult and last minute schedule. He understands his clients and works to get them what they want while looking out for their best interests. His background in construction, knowledge of the industry really helped as well. I HIGHLY recommend him. -Anonymous
My agent, Alice, was very knowledgeable in every aspect of purchasing my new home. I appreciated her attention to details that I would of perhaps overlooked. Buying a new home can be stressful, but with Alice it was a fun and smooth transition. I have recommended her to others and will use her in the future for any real estate purchases.
We recently moved to Bend and started looking for our new home. Erin Martin was one of the few brokers we contacted, however she was unique in that she intuitively understood what we were seeking and appreciated our exacting requirements. Actually Erin was the only broker that suggested we also look at new construction as a way to avoid purchasing something that we might feel would require extensive remodeling. She was right on the money! When we decided on the home we wanted it was still in the…
Lily Dupont Leedom is A FIVE star broker without exception. Our process was without error or issue from opening escrow to closing. Ever appointment was met on time, and every process was explained, initiated and followed though by Lily. This is not our first home purchase by far, but Lily was the most accommodating and experienced agent we have dealt with. Highest recommendations given here.
My husband and I decided we loved Oregon and wanted to start house hunting. Since we currently live out of country Alice sent us weekly updates of houses on the market that matched our criteria. When we came into town she rearranged her schedule to accommodate us. We were impressed by the effort she put into giving us all the information we asked for and when she didn’t know, she always found the answer. Looking for a home is time consuming so the weekly updates were very helpful in monitoring t…
Denise was very supportive and helpful during the house buying and selling process. She was knowledgeable; and her steady, low key style suited my likes and needs. I very much enjoyed working with her.
My representative at the Ladd Group was Steve LaCrosse and in spite of talking with numerous firms and sales agents, he was the only one I felt comfortable enough to trust to represent me in a significant financial transaction. The characteristics that distinguish Steve from many is that he actually cares, listens, communicates honestly and with his intelligence, this allowed him to meet and overcome adversity in stride. After listening to my rambling about what I wanted and didn’t want, he synt…
Brian was great to work with and got our home in contract within days of listing. From the custom, professional video of our home to high end brochures, Brian’s marketing of our home was outstanding. Moreover, Brian put in the time in to host open houses that resulted in many potential buyers seeing our home in person. We highly recommend Brian Ladd. -Anonymous
We had a great experience working with Bryan Hilts an associate of Brian Ladd. Bryan is very knowledgeable and patient. Very professional. We looked at a broad range of homes in several different neighborhoods to get a feel for Bend and the activities associated with each neighborhood. I would recommend Bryan and anticipate continuing to do business with him.
Steve LaCrosse from the Ladd Group was a spectacular real estate agent. He took the time to get to know who we were and what we needed during the process. I felt like he cared about matching us up with the right property instead of just selling something. I’ve already recommended him to many people asking for agents who know the area from the view of a family member, not just that of a salesman.