Central Oregon Real Estate

Central Oregon Employment

If you’re considering purchasing Central Oregon real estate you should consider the job market in the area. You might be one of the lucky ones who can find a job in their line of work. On the other hand, you might want to go a different route and may realize you need training for that field.

Here’s a list of some local Central Oregon employment agencies that might be able to help you find your next job.

Cardinal Employment Svc
505 SW Millview Way # 200
Bend, OR
541-389-4259

Certified Personnel Svc Inc
1707 N Highway 97
Redmond, OR
541-504-9675

Coic
16493 Bluewood Pl
La Pine, OR
541-536-5380

Employment Service
2158 Se College Loop # B
Redmond, OR
541-548-8196

Hampshire Group
1900 Ne Division St # 204
Bend, OR
541-382-6239

Opportunity Foundation
835 E Highway 126
Redmond, OR
541-548-2822

Staffing Services Inc
846 NW Colorado Ave
Bend, OR
541-318-5950

Maybe you’re looking for a place to update your resume for you, Here’s two places in Central Oregon that can help you with that.

Officist
Po Box 1946
Redmond, OR
541-923-8303

Type-Rite
506 Ne Franklin Ave
Bend, OR
541-388-4495

Furthermore you might want to apply to some of the larger employers of Central Oregon. They include St. Charles Medical Center, Les Schwab Tire Center, Bright Wood Corporation, Sunriver Resort, Mt. Bachelor, Columbia Aircraft, T-Mobile, Contact Lumber, ISKY, Qwest (US West), Safeway (Region Wide), Wal-Mart (Region Wide), Bend Memorial Clinic, The Parr Company (Region Wide) , Fred Meyer (Region Wide) , JELD-WEN Windows & Doors, Kah-Nee-Ta Resort , Cessna (formerly Columbia Aircraft), Hooker Creek Companies (Region Wide), Athletic Club of Bend, Costco and Ray’s Grocery Stores (Region Wide).

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Central Oregon Real Estate Values

In the news lately we heard how the average home price has come down double digit percentages, but in Central Oregon real estate it doesn’t seem to be the case. Many parts of the country is going through a correction in the price of real estate. Just look what’s happening in California. The average price has come down over 26% in just the last year and their sales are down 28% year over year.

In central Oregon the price have come down, but nowhere near of most areas of the country. The hardest hit area was in Bend Oregon, where the average price dropped 16%. In Prineville, the loss was only 1.4%. Take into consideration that with the correction in Bend, the average price is still 5% higher than it was in 2006 and nearly 50% from where it was in 2003. If you invested in a median priced home in bend Oregon with the price of 195,000 in 2003 and rented it out for that time you would have collected $58,000 in rent (clearly enough to cover the monthly mortgage payment with 20% down. On top of that, the value of your property would have increased almost 97,000. I’m not going to go through all the math here in this post, but you get the picture.

Central Oregon has become an ideal area to live for a lot of Californians who are wanting to re-locate away from the “too big of a city” life. Places like Florida are falling out of flavor with the baby boomers and Oregon is the place that offers a lot to do for the active retiree in an area that pretty much has a better climate all year long. Bend is in the heart of central Oregon, it’s only 3-1/2 hours east of Portland and the coast. It’s also only 16 miles outside of Redmond International Airport. Business’ are moving to Oregon too and with communities that are being built on a regular basis (even during this correction), right now just might be the time to think of investing in central Oregon real estate.

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Real Estate: Return On Investment (ROI)

Are you thinking about selling your Central Oregon real estate or remodeling the house?

Depending on what type of improvements you want to make, when you go and sell your house there is only so much that you will get as a return on your investment (ROI). The price for the materials to do the project has gone up, the return on those projects have gone down In the last five years (2003-2007). The return on a core project in 2003 would be 82.5% (nationwide), but as of 2007 the estimate ROI is only 70%. A steady roll downward for the last 5 years except in 2005 where it spiked to 86.7%.

These statistics are based on nationwide reports and surveys. One project done in two different climates will yield different returns. Most commonly affected is pools. The pool will have a better return in States like Florida and California than it would in the northeast (New England) area.

A site that I found lists the projects as well as their return on investment. The site is Remodeling magazine.com. According to them the best ROI project is a (wood) deck addition with a return of 85.4%. Following behind that is siding replacement (83.2), minor kitchen remodeling (83%) and to finish out the top five would be window replacement (wood 81.3%) and (vinyl 79.3%).

The site also added some upscale projects estimates, as a deck built with new composite materials which have a long life than the wood decks.

If you’re someone who is looking for a good deal on a house (I know there’s a few), This list can help you in more ways than one. The list can give you a starting point in your negotiations. If you’re like me, you’ll know how to shop for better pricing than the list. Play your cards right and you can save a bundle.

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