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Ways to Getting to Know Your New Neighborhood

Relocating to a new neighborhood can be an exciting time for everyone. There is so much to explore in the neighborhood as you want to find local shops, entertainment venues, parks, and other exciting places. In addition, it is also time to get friendly and know the neighbors. Yet how do you break through the proverbial ice and introduce yourself without knocking on everyone’s door? Here are a few ways to get to know your neighborhood and be friendly with the neighbors.

Hold a Yard Sale

If you didn’t get a chance to clear out the old things that you no longer needed or wanted before the move, which happens often with people who live in an apartment building and are moving into their first home, you can hold a yard sale at the new place. Your stuff can find a great new home while you are meeting the neighbors who are grateful to take the things off your hands.

Have an Open House Party

An open house party is a way to allow others to enjoy a great event on their terms as they can come and go as they please. The party is usually held for six hours as you can offer a range of different food and entertainment. You may want to also have a theme for your open house party, like a pool party, barbecue party or meet and greet.

Do Bake Sales for Local Charities

Another great way to gain friends in the neighborhood while doing some good for the community is to hold a bake sale. The proceeds from the sale can go to a local charity to strengthen and grow community ties.

Volunteer

Volunteering your time will allow you to learn about your neighbor’s interest and find people who like the same things that you do. There are many ways to be a volunteer. You can work at charity events, chaperone school or club activities, or get involved in organizations that help preserve the community through tree planting, lot cleanup, and keep parks tidy.

Organize a Block Party

One way to meet all the neighbors at once is to organize a block party. Make sure to follow all local codes and regulations for the outdoor event, such as obtaining a permit, while arranging for food, music, and entertainment. Decide on a location and time to hold the party, then delegate who will be in charge of certain aspects of it. You can have a theme for the party, or just make it a general gathering for everyone.

Meeting the neighbors doesn’t have to be a stiff or formal affair. Instead, there are many ways to learn about the neighborhood and become friends with your neighbors. Use the above ideas that best fit into your schedule, budget and comfort level so you can make the new neighborhood feel like a welcoming home.

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Summer is here; June Real Estate Forecast

Summer is the time of year when the real estate market in Central Oregon really takes off. Buyers and sellers alike should pay attention to the market, learn how higher inventory on the market can affect real estate decisions, both listing and buying. As active listings have increased from April to May and now into June, we see an increase in reduced pricing as well as an increase in pending sales.

Inventory
Over the past couple of months, there has been a 25% increase in active listings. In June the number of listings soared to 522 from 416 in May. This is expected, as the late spring and early summer months is the time when the real estate market really takes off in Central Oregon.

With summer typically being the most active time for real estate activity, we do expect to see this trend to continue throughout the summer, along with more sold listings and pending sales.

Pending Sales

When there is a drop in the number of pending sales, it usually means that buyers are getting more cautious and spending more time considering their options, before purchasing. With the consistent pending sales from April to June, it shows that buyers are responding to the market and sealing the deal once they’ve done their research and compared pricing. In April we saw 78 home prices reduced, in May there were 129 and in June we saw 184 homes reduced. This shows the competitiveness in pricing and helps sellers decide how to initially list their home on the market.

More Sold Listings

The number of sold listings stayed somewhat consistent in April (190) and in May (223), and the number has climbed in June (260). The numbers show us that summer is here, and the time to buy is now. With plenty of available listings on the market, there’s bound to be a home that suits your needs.

Typically, when there’s a wide inventory of properties, sellers must consider a more competitive pricing for their listing. When buyers are looking for the perfect home, they might be able to find generally comparable homes at different price points. If you are a seller, now is the perfect time to talk to your Bend real estate broker, and make sure your home is priced competitively enough to sell. An effective way to know if your pricing is competitively priced in your neighborhood is to check out the homes that have sold and see what the final sale numbers looked like. Getting the help of a broker will ensure that your pricing is where it should be. Making your home sale a competitive price will guarantee you more views and ultimately, a sale if priced right. Taking the time to review the trends in your area, compare pricing in comparable homes that have sold and discussing your selling intentions with a broker can help you sell your home quickly in a competitive market.

Absorption Rate

In years past, we’ve seen an increase from May to June, in more new listings, however this year the new listings fell from May to June. Our average inventory levels have diminished for the past ten years and in the last three months, we’ve seen the absorption rate increase, which makes it feel like there are fewer options than in the previous months. Summertime has historically brought an increase in new listings, so this summer is presenting a changeup that puts a higher demand on the pool of new listings.

Duke Warner and the Perfect Home

Spring and Summer is the busiest time of the year for real estate in Central Oregon. If you’re looking for a new property, or want to get your home listed, Duke Warner Realty is ready to help. Visit us today at dukewarner.com, browse our Facebook page, call us at (541) 382-8262 or stop in for a visit, we would love to sell your home!