In the last couple weeks we have started to see some interesting things with the real estate markets in Central Oregon. Several times, in the last 2 weeks I have had a buyer ask for information on homes in a specific area, at specific price ranges. The lists are getting much smaller than we have seen in the last couple years.
In La Pine you will find that homes under $150,000 are much harder to find than they have been recent past. Many of the homes in this price range are wonderful homes, a few are short sales. What seems to be absent is the bank owned home.
It makes me think, that the banks are holding on to more listings than before. The good news is that for the seller that wants to sell and can do so for under $150,000 in the La Pine area now might be the opportune time.
Many of the REALTORS in La Pine are reporting the same type of activity and observing the same situation.
Seller’s for the La Pine area – if you own a home, owe less than $130,000 now might be the time to sell and walk away with a little cash in your pocket.