Bend Oregon is one of the best places to retire in the United States. It has everything a retired person could want. The recreational opportunities are abundant; everything from mountain biking, hiking, rafting, golfing, fishing, rock climbing, camping, downhill and cross country skiing, snowmobiling, general sightseeing and much more.
The weather is perfect. Moderate days and cool nights characterize Bend's year-round climate. Because of the high altitude and clear air, nighttime temperatures average 30 to 40 degrees below the daytime highs. Evenings are generally cool, even in the summer, requiring sweaters or jackets. Annual temperature extremes show that only one year out of five has a temperature colder than 17 below or warmer than 100 degrees. Frost can occur during any summer month.
The average annual precipitation in Bend is less than 12 inches, over half falls between November and February, often as snow. Brief thunderstorms usually provide most of the light summer rain. The average annual snowfall is 33.8 inches. Snow rarely accumulates to more than a few inches in depth nor lies on the ground for an extended period. Snow depth in Bend exceeds 24 inches in only one winter out of twenty. At Mt. Bachelor, the ski resort 22 miles southwest of Bend, snow normally reaches depths of 160 to 180 inches.
Bend was originally called Farewell Bend and received its name because it was at this place that travelers over the pioneer roads had their last view of the river. Today it is only a few hours drive to the Oregon Coast. Portland is 3.5 hours away if you are looking for a big city. Redmond International Airport (Roberts Field) is only 16 miles North.
Bend is nearly the geographic center of the state and is also the most populated city in Central Oregon with a population of more then 75,000. To the east you will find high desert vegetation and to the west, Bend is surrounded by U.S. Forest Service land. At an elevation of 3,628 feet, Bend enjoys the predominately dry climate of the Great Basin. Sunny days, low humidity and cool nights provide the most common weather pattern.
Bend has the highest average number of sunny days in the state. Clear days average 158 days per year with an additional 105 days that are mostly sunny. Many of the remaining days provide substantial sunshine. Days that are totally cloudy do not often occur. Bend is the outdoor recreation capitol of Oregon, with snow-capped peaks dominating the skyline. Bend is one of few places that visitors can literally ski in the morning and golf in the afternoon. Known as "the sunny side of Oregon," the Cascade Mountains act as a protective buffer, giving Bend only 12 inches of precipitation per year. That compares to 42" for Portland, 36" for Seattle and 20" for San Francisco.
St. Charles Medical Center is located in Bend and is the regional referral center for more than 230,000 people in a 32,000-square-mile area of central and eastern Oregon. With more than 240 physicians on its medical staff, representing 40 specialties and sub-specialties, and more than 1,950 caregivers, it provides many services usually found only in larger urban areas. These include open heart and neurosurgery, comprehensive cancer care, inpatient rehabilitation for stroke and major injury, sophisticated imaging technologies and more.
St. Charles is Oregons' only level 2 trauma center east of the Cascade Mountains and has the region's only Level 3 neonatal intensive care unit. The hospital increased its inpatient bed capacity to 216 in late 2004 to keep pace with Central Oregon's population growth and is in the midst of expansions in facilities, technology and equipment.
St. Charles and the many other medical facilities in Bend provide state of the art health care for the retired person. Many of the nations top Physicians and Surgeons live in Bend because of the life style found in Central Oregon.
Bend also has golf courses for everyone. Central Oregon's spectacular high-desert landscape and ideal climate, four-star resorts, public, semi-private and private courses have been rated 23rd in the world as a golf destination by Golf Digest. Choose from more than 25 unique courses, some easygoing to championship layouts like Sunriver's Crosswater course, designed to challenge even the lowest handicappers.
Bend also has many volunteer opportunities. Habitat for Humanity, The Oregon High Desert Museum, Hospice, and Saint Charles Medical Center are only a few of the many opportunities to give back to the community.
Bend Oregon real estate prices are still moderate compared to some parts of the nation. The median home price is around $350,000. Real estate prices have been rising steadily over the past decade because Bend is such a wonderful place to live and retire.
If you are thinking of moving when you retire give Bend Oregon strong consideration. It is a great place to live.
Bend Oregon Mountain Biking
A notice of default occurs when the mortgage lender files a notice of foreclosure. Lenders generally file notices after a borrower is two to three months behind on their payments. As foreclosures increase lenders tend to file notices sooner to try and cut their losses.
There were 192 notices of default filed in 2007 over the same time period. This year's defaults show a 410% increase over last year. Prices continue to fall as more bank repossessions come on the market.
The Bulletin reported that 75% of the notices of default filed this year were on homes purchases made in 2006 and 2007 at the peak of the Bend Oregon real estate market. Not all of these notices of default will result in foreclosure. Borrows have an opportunity to bring the loans current. If they do the default notice and foreclosure proceedings will be stopped.
Most homes purchased in 2006 and 2007 are currently worth substantially less now than they were then. If a purchaser bought a home during these years with nothing or little down they cannot sell their homes and pay off the mortgage.
Some lending institutions are allowing owners to sell their homes for less than they owe. The bank takes the loss. These are known as "short sales".
If a loan is not brought current after 90 days of the notice of default the lender will put the home up for auction on the court house steps. If the home isn't sold for more that the delinquency the bank takes possession. Thus the name "bank repo".
The increasing number of short sales and bank foreclosures will add additional lower priced homes to the market and continue the price decreases we are currently experiencing. Prices are currently down approximately 23% from this time last year.
The latest market report for Bend showed that the median prices of homes rose slightly for June 2008 over June 2007. Statistics can be tricky though. There were 22 homes sold over $500,000 and one of those homes was a sale for $3,000,000 during that period. Naturally that increased the median price substantially. The average price per square foot was up also.
The fact is our prices are still falling and will continue to fall until bank foreclosures slow down considerably. A decrease in notices of default will predict a decrease in Bend foreclosures. The current amount of notices of default guarantee more bank repos will be hitting the market this year.
Bank repos can sometimes be a good buy. The banks have to sell them to get them off of their books. Country Wide and other lenders made mortgage loans of question over the past several years and they are now coming back to haunt the banking industry.
There are currently many homes on the market in Bend that are over priced. The values continue to fall and people won't lower their prices to market value to sell their property.
Inflation is up. Gas prices are up. Unemployment is up and it seems that interest rates are inching up also. I don't think the Federal government will let interest rates get too high. But you never know. They raised them to 16% in 1981.
Keep an eye on mortgage notices of defaults and they will tell you where the real estate market is headed in Bend Oregon.
Buying Property In The Uk Stay clear of any developments with a longer time frame than this, as then you could end up paying higher prices for these units as the market moves