(Graphs courtesy of Ginny Kansas Real Estate)
The South County real estate market in Central Oregon — including Bend 97707, Sunriver and La Pine — is showing a shift in activity as we move into 2026, according to the local market trends in the Multiple Listing Service. Comparing the first quarter of 2025 to the same period in 2026 reveals a market that is adjusting to changing buyer behavior rather than declining overall.
In Bend 97707, total sales increased from 26 homes in Q1 2025 to 30 homes in Q1 2026, representing a 15% rise in transaction activity. This indicates continued demand in this area. However, it is important to note that Bend 97707 includes a mix of traditional residential properties and luxury resort communities such as Caldera Springs, Crosswater, and Vandevert Ranch. These higher-end developments can significantly influence pricing and volume metrics within the broader data.
Those purchasing investment homes or building ADUs in eligible acreage properties are offsetting higher costs with their rentals. Vacation rental homes in Sunriver 97707 and Bend 97707 make up the lion’s share of the Deschutes County’s Transient Room Tax.
Sunriver experienced a slight decrease in activity, with sales declining from 30 homes in Q1 2025 to 26 homes in Q1 2026. This shift may reflect a change in second-home and investment buyer behavior.
La Pine saw the most notable change, with sales dropping from 47 homes in Q1 2025 to 35 homes in Q1 2026 — a 26% decrease.
While transaction volume has shifted across these markets, pricing appears to remain relatively stable overall. The market is showing signs of normalization.
Inventory trends also suggest a transition toward a more balanced market.
Overall, the South County market is evolving into a more sustainable and balanced environment.
For both buyers and sellers, understanding these differences is key to making informed decisions in today’s Central Oregon real estate market.
