Vacation Rentals Under Review in Sisters

Vacation Rentals Under Review in Sisters

  Folks who are considering investing in a vacation-rental property in Sisters, take note: At the request of the Sisters City Council, the Sisters Planning Commission is reviewing code affecting vacation rentals. There are currently 39 permitted vacation rentals in the City of Sisters, which accounts for 3 percent of its 1,300 residential dwelling units. The City Council has requested recommendations regarding the regulation of vacation rentals to help maintain the livability of the community and to avoid or mitigate negative impacts. The Planning Commission is planning a workshop devoted to the topic on Nov. 16 at 4 p.m., Sisters City...
Neighborhood Update: Tetherow

Neighborhood Update: Tetherow

Each Wednesday, the brokers in my Sotheby’s office gather together at our Old Mill location to talk real estate –- we share upcoming listings, discuss current market trends, review changes in our contract forms and generally exchange info. Recently, however, we headed to Tetherow for an update on what’s been happening at Bend’s newest golf resort. It turns out, the answer to that is “plenty.” Yes, it’s been a very busy year for the burgeoning community. In the past 12 months, 102 properties have sold (or are pending), including 39 home sites and 63 homes or townhomes. Tetherow Grill was just revamped and renamed “Solomon’s” (in honor of pioneer Solomon Tetherow, who led a wagon party through Central Oregon in the mid-1800s).   The new menu will rotate often to take advantage of seasonal ingredients. The renovated interior features a 360-bottle wine rack. The restaurant is open Wednesday-Sunday from 4:30 p.m. to close. Tetherow Sport, the club’s new fitness center, opens Memorial Day weekend. It’s adjacent to the club’s heated, outdoor pool and hot tub, which opened last July. Men’s and women’s locker rooms, each with their own sauna and steam room, are located on the first floor of the sports center, with direct access to the pool deck. Also on the first floor is a café with a poolside service window as well as indoor seating. The pool deck also features fire pits, five cabanas, a food cart; and grassy areas. Fitness Manager Dominic Gatto, who spent six years managing two employee gyms at Nike’s World Headquarters in Beaverton, says he wants the sports facility to become another community gathering spot,...
Central Oregon Stats-at-a-Glance for April 2017

Central Oregon Stats-at-a-Glance for April 2017

In April, the winter-weather slowdown in Central Oregon made way for spring selling activity. According to the May Beacon Report, Bend had 220 Single-Family Residential (SFR) sales last month compared to 170 sales in March, an increase of almost 30 percent. Redmond recorded 67 sales, up from 63 sales the prior month. Sisters had 12 sales, compared to seven sales in March. Meanwhile, the days on market decreased significantly in all three markets: Properties that sold in Bend during April were on the market an average of just 63 days, compared to 106 days in April. Similarly, properties that sold in Sisters were on the market just 42 days, compared to 98 days in April. And properties that sold in Redmond during April were on the market 94 days, compared to 126 days in April. When it came to sales price, Sisters saw quite a jump last month: The median price of SFR sales in Sisters during April was $445,000, compared to $336,000 in March. (Keep in mind that in a smaller market like Sisters, which saw just a dozen sales in April, it’s more likely to see dramatic price fluctuations, because of the impact of a single high-end sale. Or, in this case, a number of higher-end sales, including a sale at $900,000 and a handful of $500,000 sales). Bend and Redmond, on the other hand, saw little change in price: The median price of SFR sales in Bend was $394,000, compared to $396,000 in March. That’s a sizable jump, however, since a year ago at this time, when the median sales price in Bend was $374,000. Likewise,...
Sisters Neighborhoods: ClearPine Begins Second Phase

Sisters Neighborhoods: ClearPine Begins Second Phase

Phase II of ClearPine, Sisters’ newest subdivision, has begun. The 20-acre, 100-home project in northeast Sisters was conceived as sort of a scaled-down version of Bend’s uber-popular NorthWest Crossing neighborhood: Rather than feature a single builder, similarly sized homes and a handful of floor plans, ClearPine features high-quality construction in a mix of architectural styles as well as types of homes (including single-family homes, smaller “cottages” and townhomes).   With the announcement of Phase II of ClearPine, fourteen new lots are available. They range in size from 5,775 square feet to a roomy 8,261 square feet. Prices start from $99,000 for interior lots and cap out at $145,000 for the larger south-facing lots that back up to Trapper Point, providing some Cascade Mountain views, not to mention additional privacy. Completed homes start in the mid-$300,000’s for the cottages and range up into the mid-$400,000’s for homes.   For the project, developer Peter Hall has assembled a “Select Builders Guild” of recommended Central Oregon homebuilders. As of now, there are four approved home styles — Craftsman, Prairie, Mid-century Modern and American Foursquare -– plus three preferred builders and four preferred designers. Although folks who purchase lots aren’t required to use any of these vendors, all site development plans must adhere to ClearPine’s fairly extensive Design Guidelines and CCR’s and must receive written approval from the ClearPine Design Review Board and the City of Sisters Planning Department. So far, ClearPine has received its share of accolades: During last summer’s COBA Tour of Homes, the ClearPine model home won four awards: “Best of Show-$400,000-$460,000,” “Best Architectural Design-$400,000-$460,000,” “Best Master Suite-$400,000-$460,000,” and “Green Builder of the Year-$499,000 and Under.” If you’d like more info about...
Lessons Learned at a Habitat Breakfast

Lessons Learned at a Habitat Breakfast

I recently attended the Bend Area Habitat for Humanity‘s Build-It! Breakfast at the Riverhouse. The annual fund-raiser is designed to provide those curious about Habitat an opportunity to learn more about how the Bend-based branch of the national non-profit organization helps our local community, and then, if they’re so moved, to provide some financial support. As a weekly volunteer at the Bend ReStore, I attend to lend moral support and perhaps share my story with others at the table who have questions about the work that Habitat does.   This year’s event was, I have to say, the best fund-raiser I’ve attended in I-don’t-know-how-long. Three components, in particular, were noteworthy: presentations by Bend Area Habitat Executive Director Scott Rohrer, Bend Painting owner Tj Iams and new Habitat Home recipient Jason Graham (aka, artist/performer MOsley WOtta). What stood out? For Iams and Graham, it was the deeply personal ways in which homeownership and Habitat have impacted their lives. As someone who experienced little home stability in his youth, Iams spoke passionately about how his transitory childhood affected him and led to an ongoing commitment to helping others experience home-ownership by offering his company’s painting services to Habitat build projects. Graham’s presentation came in the form of a poem about the meaning of “home” and “community.” It was a lyrical song, really — beautifully composed, heart-wrenching and poignant, complete with a call-and-answer refrain. I wish I had captured it on film because it was about as powerful and moving as spoken words can be. By the end of the piece, you could have heard a pin drop so still was the...
Good News for NorthWest Crossing Fans

Good News for NorthWest Crossing Fans

Fans of NorthWest Crossing will be happy to learn that Brooks Resources, the developers of the popular Bend community, have purchased an additional 245 acres. To do so, they’ve joined forces with Tennant Developments to form NWX2, LLC, the entity that purchased the land. The parcel is located between NorthWest Crossing and another Brooks Resources project, The Tree Farm, a new luxury subdivision of two-acre parcels with access to Shelving Park that recently released its first lot sales (the price of which started at around $400,000). The NWX2 property, which was included in the recent expansion of the Bend Urban Growth Boundary, is bordered by William E. Miller Elementary and NorthWest Crossing to the east and The Tree Farm to the west. The plan for the area is a familiar one: a “complete community” design that includes high-density housing starting where NorthWest Crossing ends and becoming less dense as development moves toward The Tree Farm. Kirk Schueler, president of Brooks Resources and NWX2 board member, says he expects the planning process to take six to eight months. Construction, on the other hand, is expected to last eight to 10 years. The 650-home subdivision doesn’t yet have a name, although Schueler says it may incorporate ‘NorthWest Crossing’ in some fashion. About the Author Lisa Broadwater, GRI, CDPE, is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Bend and...
Real Estate Stats-at-a-Glance: December 2016

Real Estate Stats-at-a-Glance: December 2016

In December, Bend saw a slight dip in home prices from the previous month, according to the January Beacon Report*. The median home sales price in Bend for a single-family home was $355,000. That’s a decline of 5 percent ($19,000) compared to November –- but it’s an increase of more than 9 percent since December 2015. Bend had 192 single-family home sales last month, four fewer than in November and 18 fewer than in December 2015. Meanwhile, in Sisters, the median price for single-family homes increased more than 7 percent in December – up from $335,000 in November to $360,000. There were 16 SFR sales in December, compared to 15 in November. Redmond home prices declined slightly in December, down 1.5 percent — from $270,000 in November to $266,000 in December. The Redmond median price is up by more than 19 percent since December 2015, when it was $223,000. There were 80 home sales, six fewer than in November. The Beacon Report is compiled by Beacon Appraisal Group, which regularly tracks real estate trends in Central Oregon.   *All listing information provided here is deemed reliable, but is not guaranteed and should be independently verified. The Multiple Listing Service of Central Oregon (MLSCO) does not verify the information provided and disclaims any responsibility or liability arising from any inaccuracy or inadequacy of said information or for typographical errors by MLSCO, or for any delay caused in dissemination of such information. About the Author Lisa Broadwater, GRI, CDPE, is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Bend and Redmond....
Affordable Housing Projects in the Works

Affordable Housing Projects in the Works

At last, an attempt to address Central Oregon’s critical need for affordable housing: According to the Bend Bulletin, Housing Works, the public housing authority for Central Oregon, plans to build 90 apartment and townhome units for low-income households (those at or below 60 percent of area median income) in Sisters and La Pine. As part of its new LIFT Program (Local Innovation and Fast Track), Oregon Housing and Community Services has allocated more than $3.6 million in state funding to underwrite construction of the two projects. The projects will also rely on 4 percent low-income housing tax credits from OHCS for their funding. According to the Bulletin, the total cost to build the two projects comes to about $14.5 million. In Sisters, the plan is to develop a 48-unit apartment complex called Village Meadows Apartments. Located on a 2.12-acre parcel behind Ray’s Food Place, it will include a mix of one-, two- and three-bedroom units. The La Pine Townhouse project calls for 42 units located on a 2.5-acre parcel in the southwest part of town less than a mile from schools, shopping and other resources. Design and construction will fall to Home First Development, a Portland firm that specializes in affordable housing. Housing Works says it hopes to begin construction on both communities by the summer of 2017; build time is expected to be 12 months. About the Author Lisa Broadwater, GRI, CDPE, is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Bend and...