As I look out my office window I see a clear view of the mountains to the west and I am hoping the smoke stays at bay! While the smoke has made enjoying the outdoors a challenge, Tetherow real estate has continued to march along. However, there have been some trends that have occurred lately that are worth noting.
To start, there are more homes now available than in the history of Tetherow. This is a result of a convergence of spec building activity from builders who noted the success of Tetherow over the last several years and the fact that we are at the 5-7 year mark from our original homes construction. That is the time where many homes experience their first resale. These factors have made for more move-in ready options for those who wish to make Tetherow their home immediately. For those who have friends who have been thinking of joining you in Tetherow, now is the time to give them a call.
For those who need a home base for exploring Bend part-time or simply a solid investment, the Tetherow Vacation Homes, Cairn and Trailhead, are worth considering.Located in the heart of the resort, these homes provide luxury home accommodations without the normal hassles of home ownership. 5-Bedroom turn-key properties start in the upper $700’s and make for a hassle-free vacation property that already have proven returns when managed by Tetherow management. Tetherow vacation homes feature the benefits of owning a vacation property with the advantage of an on-site property manager to book renters and handle any maintenance.
On the homesite front, it has been a giant year, with 54 lots sold/pending in the last twelve months. This year is only matched by the number sold in 2015 with the dollar volume much higher this year. We are witnessing premium lots resell in the $500,000’s but there are still 47 developer lots remaining with the average right around $325,000. For those who want to secure your future homesite in Tetherow, time is of the essence.
12 Month Statistics:
54 Homesites Sold/Pending, Average Price $343,000
47 Homesites Remaining, Average Price $328,000
71 Homes Sold/Pending, Average Price $1,293,000
31 Homes Available, Average Price $1,292,000
The Ladd Group is always available to help with any questions you may have about Tetherow real estate. We are onsite at the sales office and available for private appointment.
Brian Ladd, The Ladd Group at Cascade Sotheby’s International Realty