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
Alice Fairbairn was great to work with! It took us almost a year to find the right house and Alice was super helpful every step of the way. This was by far the best and the least stressful home purchase I’ve ever had. I can’t recommend her enough if you’re looking for a house.
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.
My experience with the Ladd Group has been superior, due in large part to the efforts of Alice Fairbairn. Alice has been a true professional, and a pure delight to work with, and one of the very few people I have worked with over the years who seemed to have a genuine interest in my needs, instead of just focusing on the sale. Her associate, Allison Wiggins was also a positive part of the process. The Ladd group is indeed fortunate to have these two professionals as members of their group.
Bryan Hilts, a part of the Ladd Group of Cascade Sotheby’s International Realty, was an outstanding help to us in purchasing our home in Bend. We worked together for the better part of a year while we were still living in the Hillsboro area. He helped us explore most of the areas in and around Bend, refine our wants, needs, likes, dislikes, pluses and minuses of different areas we were interested in. He has a vast knowledge of Central Oregon which was a great help to us. Bryan is a very respons…
They are a class act for sure. We had bumps in the road during the buying process but Denise stood next to us every step of the way, I can not say enough about how great and how helpful she is!!”
My wife and I could not have been more pleased with the work that Brian and the Ladd Group performed with the sale of our home, and the purchase of our new one! Not only was the listing of our home really well done, but the execution was incredibly impressive. The house sold in one week for over asking! Our needs were somewhat complex as well, with the sale/purchase simultaneous, and Brian’s teammate Lily Leedom worked daily with us to find our new home. Lily was diligent in learning our prefer…
We began our search from out of state and Brian was exactly what we needed. He is a transplant to the region and has done extensive research about the area and what each neighborhood has to offer. He easily understood what we were looking for, and when we finally made an offer (sight unseen) it was because we trusted what he saw in addition to his knowledge and support. I would highly recommend working with Brian. -Anonymous
We bought a Single Family home in 2016 in Awbrey Butte, Bend, OR. Alice listened to our needs and wishes and found the perfect neighborhood. We have recently moved in and could not be happier! I would recommend her to all my friends.
We had an amazing experience with the Ladd Group. They were incredibly knowledgable of the local market and presented excellent data to help formulate the price point on our home. With them we were able to sell our home in 12 days, at an above asking price with multiple offers. Steve LaCrosse worked most directly with us and also helped us find our current home in addition to selling our home. He was accessible, hardworking and always had our vision and needs in mind. We highly highly recommend!…
Brian has been a tremendous help to marketing Greg Welch Construction homes and showing the quality of work we can provide. From video adds to print and open communication – We recieve the highest quality of promotion a builder in this market could ask for. Thanks Brian! -Anonymous