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
We first became acquainted with Brian 12 years ago while building our home in Arvada, Colorado by Bruttany Builders. Brian was always willing to make sure all of our concerns were addressed and remedied. We began looking for a second home in Steamboat Springs, Colorado 3 years ago. We were pleasantly surprised that Brian was a Real Estate Agent in the area and to be honest that is why we pursued the search at that time. Brian made himself available on the week-ends that we would be traveling…
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…
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…
Bryan Hilts was profoundly attentive and effective at getting us our second home that we desired for a real estate investment. We are so pleased with the home, location and of course price in such a ridiculously competitive market. Unlike many real estate agents, Bryan really listened to our needs and didn’t waste our time showing us houses that did not meet our requirements or were not in our price range. I am grateful for his expertise in making the whole experience a lot more easier
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
Brian did a great job for us. He listened to our needs and did not try to up-sale. He knew the market and knew the right people to contact. He tried to make the process as painless as possible. We will use Brian again. -Gregor Munich
Brian and his team exceeded our expectations and had to put up with a some difficult situations (through no fault of theirs) while we sold the home. They also managed to sell our home while we were completely absentee – in California. They shot and produced a FANTASTIC marketing video, which I think really helped and everyone at the Ladd Group was responsive and helpful. Highly recommended to anyone looking to buy/sell in Bend OR area. -Tim
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…
We bought a home in 2017 and I found Alice randomly on a Web site and was so happy I did. She has bent absolutely over backwards in helping us find our dream home. She has been 100% clear about all facets of buying a home and carefully explained everything to us in full detail as we meandered in and out of the home buying process! We couldn’t have done it without her!
Working with Brian to find a new home for us was a great experience in all aspects. Brian listened well to our selection criteria, and always quickly responded to our many questions. We knew we were in very good and experienced hands with his extensive knowledge of the local real estate market. Brian’s completely open style and pleasant personality make him a top choice. Brian obviously loves his job and the results he gets for his clients show his dedication and commitment. HIGHEST RECOMMENDAT…