Call Reed:

541-408-6625

Third-quarter numbers throughout Deschutes County show that inventory remains low, sales are strong, and pricing remains steady. Lately, I have spoken with many people that have noticed price reductions, and conclude that our market is slowing down. In most cases, correctly priced homes are selling quickly, and at or near asking price. Case in point, I listed 2075 NE Redbay Lane Wednesday, and it went pending Saturday! Many of the properties with reduced pricing on the market today were aggressively priced to start, and are not reflective of our market slowing. Interest rates are at historic lows, especially important for investors that are not able to take advantage of the better rates financing a primary residence allows. Many economists predict five more years of continued housing appreciation. As investors look to diversify away from the equity markets, real estate continues to be a wise choice.

Lot 77, Longhorn Ridge, Prineville, OR

Longhorn Ridge in Prineville is a gated community of 5 acre lots surrounded by Bureau of Land Management and National Forest land. This quiet and peaceful setting has views in all directions — minutes away from the Ochoco National Forest, Prineville Reservoir, and the Crooked River. Prineville was the first incorporated city in Central Oregon, back in 1877! Home to Les Schwab Tires, Prineville is known as the " Heart of Oregon," and a visit to this historic town will immediately show you why. The Central Oregon Trail Alliance ( COTA) has been actively building mountain bike trails close to town for the local riders. With three parks within sight of the beautiful Meadow Lakes Golf Course, this charming city has so much to offer!