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It's never boring in Bend . . .
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541.410.3645       //       annaruder.com
April 2016
 
Welcome to my April blog. My drip irrigation system is now (almost) functioning in my newly xeriscaped front yard, I am sleeping with my windows wide open in my bedroom at night, and I am back to debating about the pros and cons of buying a kayak versus a stand up paddle board. All of these clues add up to the following reality check: we are getting real about summer around here in Bend.  I hope you are all seriously contemplating your plans for outdoor music events, camping trips and river floats as we approach the fun summer months ahead.  

I had a lot of positive feedback last month about my development updates for Central Oregon. It’s funny that so much is happening all at once that we can’t keep track of it all. It’s nice to read about it in one summarized place. So I’ve decided to follow up with some more news in that regard for this month’s newsletter.

Inventory is very low and I have clients who are looking to buy. Contact me if you have any questions about the local real estate market or are considering selling your house.

Enjoy!
Anna

 
 
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Population, home prices and jobs are on the rise!

 
No doubt about it, Bend is a hot place to live and work right now. Population growth is booming, housing prices are rising and robust job growth is pushing unemployment down. The latest economic stats show the Central Oregon economy seems to be in full recovery. 
 

Bend population continues to increase 

According to the U.S. Census Bureau’s population estimates released in March, Deschutes County’s population is 175,268 – seventh highest in the state.

The county clocked a net population gain of 17,535 between April 2010 and July 2015, a growth rate of over 11%. Home prices in the Bend-Redmond Metropolitan Statistical Area increased 12.24% over the course of 2015. Sale prices in metro Bend increased 56.68% over the past five years.


Employment

Deschutes County employers added 530 jobs in February -- a banner year for job growth. February numbers from the Oregon Employment Dept. show employment levels up by 4,350 jobs from February 2015, a gain of 6.2%. Fast job growth drove the county's unemployment rate down to 5.1%.

Deschutes County's rapid pace of job growth makes it one of the fastest growing economies in the nation. The fastest growing industry over the past year was information, at 13.9% (220 new jobs). The greatest numerical increase was seen in retail trade (700 new jobs). 
 

Local Companies/Business 

 
Daimler Trucks launches R&D center 
Daimler Trucks North America has broken ground on an $18 million research and development center near the Madras Airport. Covering 87 acres, the proving ground will include two 16-acre test track loops and buildings covering 31,000 sq ft. Completion is expected by early 2017. 

Grocery, retail building planned for La Pine 
A 27,000-sq ft building in La Pine that will house a discount grocer and discount retailer is planned for completion next January. The La Pine project will displace the High Lakes Feed store, which under new ownership, is moving to larger quarters nearby and renamed Weaver's High Lakes Feed. 

Major retail center on Bend's horizon 
A mixed-use complex is planned on 51 acres near Cascade Village Shopping Center at the north edge of Bend. The complex will be anchored by Bend's second Fred Meyer grocery and department store. Other components include a hotel and senior living center.    

School board OKs $8m in upgrades 
The Bend-La Pine School Board has authorized expenditure of $8 million for a variety of improvements at four schools in Bend and La Pine and the district office in Bend. Funds are covered by a $96 million bond issue approved by voters in 2013. Completion is scheduled for the fall of 2017. 

Land secured for La Pine clinic 
St. Charles Health System will build a clinic in La Pine on a two-acre parcel to be donated by Deschutes County. 
 

Transportation


Phoenix flights coming in June 
Non-stop daily flights between Roberts Field in Redmond and Sky Harbor International Airport in Phoenix will begin June 2. American Airlines will serve the route with 67-passenger Bombardier CRJ-700 regional jet aircraft. American's Phoenix hub connects to 81 locations in four countries. 
 
Central Oregon's growth is happening fast enough to make your head spin. All this job and economic development brings exciting opportunities. If you or someone you know is thinking about moving to Bend, give me a call for information about the Central Oregon real estate market at 541-410-3645 or ariannaruder@yahoo.com
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