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C ENTRAL O REGON ?

Relocate Your Life. The hardest part of visiting Central Oregon is leaving Central Oregon. Why not stay? We have the perfect balance of idyllic lifestyle, affordable cost of living, vibrant entrepreneurial spirit, and competitive business advantages. Central Oregon is a great place to nurture your family, business and soul.

Dick Berger, Broker JD, SFR, ePro Office: 541-388-1600 Cell: 541.410-7084 Fax: 541-728-0862 Email: dick@dickberger.com Website: www.dickberger.com Twitter http://twitter.com/DickBerger 2214 NE Division Street, Suite 101 Bend, OR 97701


Dick Berger Broker

I am a Broker with Alpine Real Estate and have lived in Central Oregon  since June of 2010. Prior to my move to Central Oregon I was a      Realtor on Hilton Head Island, SC for fi een years. During that  me I  was President of my local Associa on, Chair of the State Associa on's  Leadership program, Chair of the South Carolina RPAC and in 2009  President of the South Carolina Realtors. Prior to my being a Realtor I  was an a orney in Pennsylvania for twenty years specializing in real  estate, corporate, municipal and school law. I graduated from Lehigh  University in 1968 and California Western School of Law in 1975. I also  spent three years in the Marines in the early seven es. My mo o as a  Realtor has been 'Full Service ‐ Full Time' and I bring that with me to  Central Oregon. Call me any me at 541‐410‐7084. Thanks


Bend, Oregon’s Historic Roots

Until the winter of 1824, the Bend area was known only to native Americans hunters and fishers who thrived off the areas rich streams and lakes and an arid climate home to bear, elk, mountain lions and deer. Members of a fur trapping party led by Peter Skene Ogden were the earliest visitors to this beautiful area, followed by John Fremont and other Army survey parties. After west-bound pioneers came through and forded the Deschutes River at “Farewell Bend”, a small community developed around the bend in the river, and in 1905 the community was incorporated as a city with approximately 300 citizens. Following the Oregon Trunk Railroad completion in 1911, the growth of the vibrant Bend community began. 1914 brought two major lumber companies, and timber became the mainstay of the local economy. Mt. Bachelor ski area became the catalyst for Bend’s visitor industry, generating industrial and commercial expansion. Wood products are still Bend’s leading economic factors, with tourism the second largest industry. Along with other diversified industries, Bend is Central Oregon’s retail hub. Though the sawmills have long been closed, the lifestyle and vibrant culture of a once booming and still shining town remains. Today, the old Brooks-Scanlon mill that is “The Old Mill” is humming once again, not with mills, but with the sounds of people enjoying vibrant shopping, dining and entertainment by day and night. Bend’s historic Downtown area, full of art, mouthwatering cuisine and unique artisan shops is bustling with year-round activities and events. Relax on the grassy Drake Park and listen to free summer music while indulging in tastes from Bend’s finest restaurants and eats.

Bend prides itself in keeping with a deep-seated tradition of welcoming visitors and newcomers to the historic roots and now vibrant community of Bend, Oregon.


Mt. Bachelor

Mountain Information With nearly 3,700 acres of lift-accessible terrain, you won’t want to pass up a trip to the ski resort with the highest skiable elevation in all of Oregon and Washington! Mt. Bachelor, located on the eastern flanks of Oregon’s Central Cascades, is known for its light, dry snow, diverse terrain, family-friendliness and long seasons.

The Season

Mountain Topography

Hours: 9:00am - 4:00pm

Summit: 9,065 feet

Season: November to late May

West Village Base: 6,300 feet

Snowphone: 541-382-7888 or visit mobile site

Northwest Express Base: 5,700 feet

m.mtbachelor.com Vertical Drop*: 3,365 feet

Acres of Terrain: 3,683 acres accessible by lift with 1,600 acres groomed daily * Mt. Bachelor calculates the total vertical drop from the Summit at 9,065 feet to the base elevation at the Northwest Express lift which is 5,700 feet.


Mt. Bachelor

Trail Stats Number of Runs: 71 | Max Run Length: 1.5 miles | Average Snowbase: 150-200" | Average Snowfall: 387" Lift Facilities

Alpine Terrain Rating

Cross-Country Terrain

7 Express Quads

15% Green-Novice

More than a dozen trails, 56 km machine-

3 Triple Chairlifts

25% Blue-Intermediate

groomed and track-set nightly.

2 Magic Carpets

35% Black-Advanced

2 Tubing Lifts

25% Double Black-Expert

5% Green-Beginner

69% Blue-Intermediate

26% Black-Expert

Bill Healy founded Mt. Bachelor Ski Area December 19, 1958 with a rope tow and a single lift. Mt. Bachelor has since grown to be one of the largest ski resorts in the U.S. The resort boasts a wide variety of terrain. Guests can ski or ride 360 degrees off the summit, hike the adjoining cinder cone for a thrilling run down, or, ski the trees to find that great cache of powder! Not only is Mt. Bachelor a great place for expert skiers and riders to get that burn, it is also a fantastic place to learn a snow sport or take the family for an exciting day out. Carrousel, our free beginners lift, offers an easy ride up and gentle slope down. There are also numerous lesson packages to choose from; check out our link to snow sport services. Conveniently located just 22 miles west of Bend, Mt. Bachelor’s season is one of the longest in the Northwest, usually starting in November by Thanksgiving and lasting well into May. Surrounded by the tall hemlocks and pines of the Deschutes National Forest and breathtaking views of the Three Sisters and other Cascade peaks, you are sure to enjoy that mountain experience you seek at Mt. Bachelor!


Central Oregon Golf Courses

Aspen Lakes Golf Course 16900 Aspen Lakes Drive Sisters, OR 97759

Aspen Lakes is one of the top ranked golf courses in Oregon. Located just 5 minutes from the old-west town of Sisters in beautiful Central Oregon, Aspen Lakes boasts bentgrass fairways and greens, breathtaking mountain views, and our signature red sand traps. Awbrey Glen Golf Club (Private) 2500 Northwest Awbrey Glen Drive Bend, OR 97701

Nestled into the historic pines of Bend's west side, with picturesque views of the Cascade mountain range, is Awbrey Glen Golf Club. Bend Golf & Country Club (Private) 61045 Country Club Drive Bend, Oregon 97702

Established in 1925, Bend Golf & Country Club is a traditional, member-owned equity County Club. Bend Golf and Country Club's golf course has a great layout and is a must play. Black Butte Ranch - Big Meadow 13653 Hawksbeard Road Sisters, OR 97759

This straightforward design has a classic mountain course layout and has recently received a facelift. Aspen groves and Ponderosa Pine trees frame stunning views of the seven-peaked Cascade Mountain range. The combination of course grooming, spectacular scenery and tee box options makes for an unparalleled experience.


Central Oregon Golf Courses Black Butte Ranch - Glaze Meadow 13653 Hawksbeard Road Sisters, OR 97759

You will find Glaze Meadow Golf Course nestled among the rolling foothills of the Cascade Mountain range. This beautiful course winds through Quaking Aspen groves and gorgeous home sites of Black Butte Ranch. The views of 6,436' Black Butte, once visited by Lewis and Clark, remind visitors of the history and diversity of the area. Staggering mountain views await you during your round of golf while you negotiate each hole, individually framed with towering Ponderosa Pine trees. Brasada Canyons (Private) 16986 SW Brasada Ranch Road Powell Butte, OR 97753

Native Oregonian and PGA veteran Peter Jacobsen and partner Jim Hardy have transformed 120 wily acres of sagebrush into The Brasada Canyons Golf Course. Playing 7,328 yards from the tips it is magnificently challenging. Golf memberships are limited to ensure member access to the course and a quality golf experience. Broken Top Club (Private) 61999 Broken Top Drive Bend, Oregon 97702

This award-winning private golf club, designed by Tom Weiskopf and Jay Morrish, is the perfect venue for a friendly match. The layout, the greens and the meticulous course maintenance are all on par with the most revered clubs in the West. It’s a fun, fair test of skill for any level of golfer. Crooked River Ranch Golf Course 5195 Club House Road Crooked River, OR 97760

The Crooked River Ranch Golf Course is home to the most spectacular golf hole in Oregon. If you are looking for great golf to go along with spectacular views, then Crooked River Ranch Golf Course has what you are looking for. The 18 hole par 71 gem is considered player friendly with teeth. Crosswater Club (Private) 17600 Canoe Camp Drive Three Rivers, OR 97707

Crosswater is a traditional exclusively bent grass heathland style 7,683-yard golf course, which crosses the Little Deschutes River seven times. Five tees on each hole balance risks against rewards and challenge golfers of all levels. Other amenities consist of a driving range and putting & chipping greens. Host of the Champions Tour Jel-Wen Tradition.


Central Oregon Golf Courses Eagle Crest Resort - Ridge Course 1522 Cline Falls Road Redmond, Oregon 97756

The Ridge Course has hosted two Northwest Opens and, most recently, the 2006 Oregon Open. It’s known as a “drivers dream” with ample landing areas for those who like to hit the long ball and features a straightforward, fair layout that challenges players of levels. The key to scoring your best here lies in negotiating the subtle nuances on each green. Eagle Crest Resort - Resort Course 1522 Cline Falls Road Redmond, Oregon 97756

The Resort Course has hosted Oregon High School State Golf Championships since 1991 and features two distinctly different nines. For the most part, the front nine allows the player to swing away and use the driver. The back nine, however, places a high premium on accuracy — where holes 10 thru 15 have out of bounds left and right. The key to scoring well here is to keep penalty strokes off your card. Eagle Crest Resort - Challenge Course 1522 Cline Falls Road Redmond, Oregon 97756

With an average playing time of only three hours per round, the Challenge is perfect for those with a busy schedule. But don’t let the yardage fool you. Our Challenge Course is a real test that requires an extra-sharp short game and savvy course management skills. This is definitely not an executive course. In fact, in 2006 the Challenge Course was named the Pacific Northwest’s best short course by Links magazine. Juniper Golf Course 1938 SW Elkhorn Avenue Redmond OR 97756

Juniper Golf Course is taking the Oregon golf community by storm and assuming its place as one of the premier courses in Oregon, the Northwest and the country. Nestled on a beautiful piece of land in Redmond Oregon with panoramic mountain views, Juniper challenges you from your first tee shot to your last putt. Kah-nee-tah Golf Course 6823 Nasha Warm Springs, OR 97761

Our par 72 championship golf course has three sets of tee boxes, measuring from 5,195-6,352 yards. Kah-Nee-Ta's warm, dry climate makes year round golf not only possible, but pleasant. The course provides two distinctly different challenges. The front nine gives players a chance to score well right out of the chute. Fairways are ample and the green relatively flat. The back nine offers a high desert links style of play and features several doglegs and sloped greens.


Central Oregon Golf Courses Lost Tracks Golf Club 60205 Sunset View Drive Bend, Oregon 97702

While Lost Tracks is located near the city of Bend, Oregon, it has the feeling of quiet seclusion. The golf course is bordered by national forest land and carved out of a stand of Ponderosa and high desert pine trees with lava rock outcroppings, dotted with sparkling lakes and seaside sandfilled bunkers. Laid out on a softly rolling terrain, the old-style design, without the long walks between greens and tees, invites the golfer to walk the meticulously groomed and maintained fairways. Meadow Lakes Golf Course 300 Southwest Meadow lakes Drive Prineville, OR 97754

Meadow Lakes features a championship course, a beautiful clubhouse, and a friendly staff eager to make your round of golf an extraordinary experience. Meadow Lakes has been featured in the USA Golf Journal and is one of the first-ever recipients of Golf Digest's National Environmental Leaders Award. Quail Run Golf Course 16725 Northridge La Pine, OR 97739

Now a full 18 holes, Quail Run Golf Course stretches from 5,400 to nearly 7,000 yards using four sets of tees. Originally a championship 9 hole facility, Quail Run was ranked as the second best 9 hole course in the nation by Golf Digest. The second nine opened for play in 2006, where the white sand traps, ponds, and tree lined fairways, provides a challenge for golfers of every level. Rivers Edge Golf Course 400 NW Pro Shop Drive Bend, OR 97701

Spectacular scenery abounds this par 72 course from the majestic Deschutes River to stunning views of Mt. Hood and Mt. Jefferson. As well, River's Edge Golf Course offers some of the most challenging golf in Central Oregon including our signature hole, the par-4 6th, with an approach shot to an elevated green fronted by a pond and 25-foot waterfall. With four sets of tees, this course is fun for golfers of all skill levels. Sunriver Resort - Meadows Course 17600 Center Drive Sunriver, OR 97707

Meadows is acclaimed architect John Fought's latest creation. Meadows features tremendous variety within its 18 holes, seven of which border the meandering Sunriver. Fought's design pays tribute to the great American courses from the 1920's and 30's with its aesthetic grace, while its dramatic use of directional and fore-bunkers serve up ample challenges for golfers of all skill levels. The Meadows course has played host to numerous USGA and NCAA golf championships, including the NCAA Men's and Women's Division I National Championship tournaments.


Central Oregon Golf Courses Sunriver Resort - Woodlands Course Center Drive Sunriver, Oregon 97707

The Woodlands, designed by renowned architect Robert Trent Jones Jr. is a Northwest favorite. Noted for its superb conditioning and beautiful setting, the Woodlands is one of the Northwest's finest championship courses. Woodlands' abundance of water and outcroppings of lava rock place a premium on shot accuracy. The Woodlands has also earned Sunriver Resort the distinction as a Golf Magazine Gold Medal Award-Winning Resort. Sunriver Resort - Caldera Links 17600 Center Drive Sunriver, OR 97707

The same team that brought you the award winning Crosswater Club, brings you the Caldera Links, a family-friendly 9 hole course that makes the great game of golf approachable and enjoyable. Developed by renowned architect Bob Cupp along with Sunriver's own Jim Ramey, Caldera Links includes tour quality bent grass greens and bluegrass tees which are groomed daily by our Crosswater team. Holes range from 60 to 185 yards in length making it the perfect course to hone your skills or introduce your children to the game. Tetherow Golf Club 61240 Skyline Ranch Road Bend, Oregon 97701

The golf course at Tetherow features a brilliant layout with David McLay Kidd’s (Bandon Dunes) signature design traits that encourage elements of links-style play such as playing the game along the ground as well as the air. The course’s imaginative routing fits cohesively with the natural terrain, while providing an eclectic mix of golf holes framed by ragged bunkers, knobs and knolls. All surrounded by stunning panoramic views of the Cascade peaks and high desert terrain. Widgi Creek Golf Club 18707 Century Drive Bend, Oregon 97702

Nestled among the giant Ponderosa pines in the Deschutes National Forest, Widgi Creek Golf Club will test your game. This fun layout has fairways framed by the towering pines and large undulating putting surfaces. With a great variety of hole designs, you will use every club in your bag.


How is the weather in Bend, Oregon? The weather in Bend is one of the best kept secrets in the state! Bend enjoys the predominately dry climate of the high desert with an average of almost 300 days of sunshine per year! Sunny days, low humidity, and cool nights provide the most common weather pattern for the area. Bend is just one of many microclimates located within Central Oregon that has its own variation of temperature and precipitation relative to elevation and proximity to the Cascade Mountain Range. Central Oregon’s weather is typically influenced by storms that come off the Pacific Ocean. These storms most often bring warmer, moist air. The majority of the mositure is dumped in lowland regions of Western Oregon in the form of rain and snow in the upper elevations as storm systems hit the Cascades. However, very little of the moisture makes it into Central Oregon, which helps to create our high desert climate. The average annual precipitation in Bend is about 12 inches. The average snowfall is 33.8 inches.

Bend’s Average Temperatures Month January February March April May June July August September October November December

High 41ºF 46ºF 50ºF 57ºF 65ºF 73ºF 82ºF 80ºF 74ºF 63ºF 49ºF 43ºF

Low 21ºF 24ºF 24ºF 28ºF 34ºF 40ºF 44ºF 43ºF 37ºF 31ºF 26ºF 23ºF

Temperature Because of Bend’s high altitude and crisp, clear air, evening temperatures average 30° to 40° below the daytime highs. Evenings are generally cool, even in the summer, requiring sweaters or jackets. Annual temperature extremes show that only one year out of five has a temperature colder than –17° or warmer than 100°.


Precipitation Bend’s average annual precipitation is less than 12 inches – over half of which falls between November and February, often as snow. Brief, and often unexpected, thunderstorms usually provide most of the summer rain. The average annual snowfall is 33.8 inches. Snow rarely accumulates to more than a few inches in depth nor lies on the ground for an extended period. Snow depth in Bend exceeds 24 inches in only one winter out of twenty. At the Mt. Bachelor Ski Resort, 22 miles southwest of Bend, snow normally reaches depths of 160 to 180 inches.

Sunshine Bend has the highest average number of sunny days in the state. With an average of 158 days clear days per year and an additional 105 days that are mostly sunny. Many of the remaining days provide substantial sunshine.

Wind Surface winds prevail out of the South and Southeast from October to February, then West and Northwest for the remaining months. Wind speeds average from 5 to 7 mph most months.

Growing Season Because severe frosts have occurred as late as May 31 and as early as September 1, the general advice is to plan for a 92-day growing season. Any transplanting of annual bedding plants in Bend before Memorial Day involves some risk. Some of the lowest minimums on record have occurred during the months of June, July, and August.


FUN FACTS OF BEND, OREGON!

It’s not easy being green…unless you’re in Bend, Oregon! Green businesses are plentiful in this mini-metropolitan city. Oregon leads the nation in sustainable energy technology and green building, and our little mountain town is no exception. From the large-scale photovoltaic solar panel manufacturer PV Powered, to locally owned and operated coffee roaster Strictly Organic, Bend companies have our environment in mind. Plan your adventures in Bend around an array of excursions with Wanderlust Tours, an eco-tourism provider incorporating sustainable practices and low-impact experiences into all their trips. Other notable green recreation providers include Tumalo Creek Kayak and Canoe and Ouzel Outfitters, specializing in human-powered vacations exploring the great waterways of Central Oregon. If you’re looking for gear or outdoor clothing for your Bend adventure, visit Repeat Performance Sports or Gear Peddler before investing in new equipment. Buying secondhand not only cuts down on waste and resources from manufacturing, but saves you money. Need outdoor gear for your pooch? Consider supporting Bend-based Ruff Wear, longtime supporters of the Conservation Alliance protecting outdoor spaces so dogs and humans can enjoy them for years to come. Bend also has an exception selection of small grocery stores offering local and organic options. Grab a few wraps to go at Devore’s Good Food Store and then head across the street to Newport Market, where free-range meats, imported cheese and even sushi made on-site will appeal to the most discerning foodie. If you’re here in the summer, don’t miss the Bend Farmers Market every Wednesday afternoon in Drake Park and every Friday afternoon at St. Charles Medical Center.

Pet Friendly in Bend, Oregon It is a well-known legend among Bend locals that we have one of the highest per capita dog populations of anywhere in the world with 49 percent of Central Oregon residents owning a dog. In fact, Dog Fancy magazine claimed Bend as Dog Town USA in 2012 and runner up in 2011. With over 40 restaurants ready to accommodate you and Fido for an alfresco dining date, a plethora of dog friendly businesses and events, and over 51 miles of urban trails in town and over 13 off-leash areas in city parks and National Forests, Bend, Oregon is literally a paradise for man and woman's best friend.

Your Beer Adventure For a thousand good reasons Bend, Oregon is widely known as the premier outdoor playground of the United States. But a lesser known element of the Bend Experience is the city’s extraordinary abundance of craft beer – incredibly delicious craft beer! In our little mountain town of 82,000 people, Bend has 14 world-class craft breweries (and counting) within a short distance of one another. Bend has more breweries per capita than any other city in Oregon and is often referred to as Beer Town USA because it's you versus beer in Bend, Oregon!


FUN FACTS OF BEND, OREGON!

Frequently Asked Questions about Bend, Oregon Q: What is Bend's Elevation? A: Bend is located at 3,623'/1104m above sea level Q: What is the population of Bend Oregon? A: Over 80,000 within Bend city limits. Q: How did Bend get its name? A: Until the winter of 1824, this area was known only to native Americans who hunted and fished here. Members of a fur trapping party led by Peter Skene Ogden were the earliest white men to visit. John Fremont and other army survey parties came next. Then the pioneers heading further west came through and forded the Deschutes River at “Farewell Bend�. A small community developed around the bend in the river and in 1905 a city was incorporated with approximately 300 citizens. Q: Where is the closest airport? A: Roberts Field (RDM) is located in Redmond, which is 15 miles/25km north of Bend. It is serviced by Horizon, United Express (United Airlines), Skywest (Delta airlines). There are direct flights from Portland, Seattle, San Francisco, Denver, Salt Lake City, and Phoenix. There are two private plane airports as well, the Bend Municpal Airport and the Sunriver Resort airport. Q: When does Mt. Bachelor open for snowboarding and skiing? A: Usually the mountain opens Thanksgiving weekend and is open until mid-May depending on snow levels. For information and ski conditions, visit Mt. Bachelor's ski resort website. Q: How far is Mt. Bachelor from Bend? A: Mt. Bachelor is approximately 22 miles/32km south west of Bend. It takes about 25 minutes to drive there depending on road conditions. For updated ski and road conditions, visit Mt. Bachelor's ski resort website Q: Where can I snowshoe, nordic ski or snowmobile in Bend? A: The Deschutes National Forest, which surrounds Bend, offers one of the most extensive trail systems for snowmobiling, nordic skiing and snowshoeing. Click here for a summary of all sno-parks and winter trail maps. Q: Where and when do I need Sno-Park permits? Where may I purchase them? A: You must have a valid Sno-Park permit displayed in the windshield of your vehicle if you park in designated winter recreation parking areas (Sno-Parks) between November 1 and April 30. There are three types of permits: an annual permit a 3-day consecutive permit, and a daily permit. Permits are transferable from vehicle to vehicle. Snow-Park permits issued by Washington, California and Idaho are honored in Oregon and Oregon permits are honored in those states. (However, if your vehicle has Washington plates, you must have a Washington permit to park in a winter recreation area in Washington). Q: When does hiking season begin? A: The lower elevation trails (below 4000'/1219m) are open by late April/early May and remain open until late October depending on the snow pack. Trails in the high country (above 4000') may not be accessible until July. You can still hike during the winter months at Smith Rock State Park, Pilot Butte and east of Bend where snow pack is rare or minimal.


Why Should I…………

Move My Life to Bend, Oregon? Considering a move to Bend ? We don’t blame you. It’s hard to resist the allure of the majestic Cascade Mountains, the rushing Deschutes River, and the more than 300 days of sunshine we get each year. But there’s more here than just beautiful scenery and great weather. Bend offers an affordable cost of living, a vibrant community spirit, and a terrific place to nurture your family, your business, and your soul. In fact, Where to Retire magazine listed Bend as "Hot Spot for Real Estate Discounts" in their November/December 2010 issue. Bend, Oregon is also the place to "play year-round" according to Sunset Magazine. Bend was the top runner up in the 2011 Best Towns - Places to Make You Happy article. Relocating to a new place can be daunting, but I'm here to make the process a little easier. Bend is a great place to work and play.

Move My Business to Bend, Oregon? Bend is the place where business and pleasure play together. Any HR director will tell you happy, active people are healthier and more productive. And with natural resources like 300 plus days of sunshine and close proximity to mountains, rivers and lakes for recreation, Bend is one happy, active place. Blend that with a vibrant, growth-oriented business sector and you’ve got a winning combination. When people thrive, business thrives.


Bend Visitor Map

750 NW LAVA RD., STE. 160 BEND, OR 97701 541.382.8048 toll free 800.949.6086


CENTRAL OREGON CAMPING MAP


CENTRAL OREGON HIKING MAP


E CONOMIC D EVELOPMENT

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

FOR CENTRAL OREGON

2012 CENTRAL OREGON PROFILE

Welcome to Central Oregon! The region encompasses dramatic snow-capped mountain ranges to high desert plateaus within the counties of Crook, Deschutes and Jefferson and the Confederated Tribes of Warm Springs. It's no surprise Central Oregon has led the state in population growth over the last decade; in fact, one of five new Oregonians chose to live in the Tri-County area. Over the last decade, Central Oregon has also topped the state in job growth, resulting in a region that's characterized by small businesses and entrepreneurial activity. For most new residents, Central Oregon is a lifestyle choice, offering a friendly environment, year round recreation options, and world class amenities—all with the benefits of a small town. From a ranch in Prineville to an upscale urban condo in Bend, and all possibilities in between, the region presents a rare diversity of places to live—all within easy commuting distance of work. For a relocating business, Central Oregon has earned a reputation for welcoming new companies and industries. The region has some of the lowest operating costs in the Pacific Northwest—all without any sacrifice in transportation or telecommunications infrastructure. What sets our communities apart from other lifestyle cities like Aspen or Jackson Hole is its livability, affordability, and solid middle class that are professionally challenged in a range of industries that might be surprising, including software, biosciences, electronics, and renewable energy. This Profile provides key business demographics to help understand the dynamics of the Tri-County region. If you need more specific information, call us or visit our comprehensive website at www.edcoinfo.com. HU

For more information, contact: Roger Lee, Executive Director Economic Development for Central Oregon (EDCO) 109 NW Greenwood Ave., Suite #102 Bend, OR 97701 Phone: 541-388-3236 800-342-4135 www.edcoinfo.com HU

H

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Quick Reference 2 3 4 6 7 9 10 10 11

Top Employers Wage Information Industry Mix Business Costs Employment Trends Housing Costs Financial Valuations Utilities Population

11 14 14 15 15 17 18 19 20

Education Telecommunications Health Care Media Transportation Travel Distances, Commuting Topography & Climate Top 10 Taxpayers Business Resources

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E CONOMIC D EVELOPMENT

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

FOR CENTRAL OREGON

CENTRAL OREGON’S TOP PRIVATE EMPLOYERS Listed to the right are the region’s largest nongovernment employers. According to the Oregon Employment Department, over 75% of Oregon firms have nine or fewer employees and the average firm employs 15 people. To an even greater extent than the state, Central Oregon's business environment is typified by innovative, small companies, producing nichemarket products and services, from semiconductors to software, medical instruments to recreational equipment, to some of the top craft beers in the U.S.

Rank 2012

2011

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

1 2 3 4 8 9 13 5 14 11 6 7 15 19 40 17 44 27 12 21 18 12 10 24 20 NL 26 32 34 30 29 16 22 28 23 33 37 35 48 36 25 39 43 42 41 NL 45 NL NL NL

Still, a number of large employers operate successfully here, tapping into Central Oregon’s ever-expanding workforce, overall low cost of doing business and business-friendly local governments. Large employers include some distinct groups of employers including: Manufacturing and high technology companies have a long history of success in the region, comprising more than 20% of the 50 largest employers. Building products (mostly from wood) continues to be an area of concentration in manufacturing with some of the world’s largest molding and millworks production plants operated by Bright Wood, Jeld-Wen, Contact Industries and Woodgrain. Tech employers include search specialist (G5), precision titanium casting (PCC Schlosser) and pharmaceuticals (Bend Research), to name a few. Health care, led by St. Charles Medical Center with two hospital complexes in Bend and Redmond and two others under management in Madras and Prineville, is a significant employer in the region. Additionally, Bend Memorial Clinic is the largest of nearly 100 private clinics and practices in the area. Overall, the health care sector employs over 10,000 Central Oregonians. Administrative centers and headquarter operations play a prominent role among top employers and include Les Schwab Tires, TRG Customer Solutions, Bank of the Cascades, Central Oregon Trucking, and Pacific Source.

2012 Employees

Company

St. Charles Medical Center, Bend & Redmond Sunriver Resort * Les Schwab Tire Centers1 Mt. Bachelor * Bend Memorial Clinic Safeway Northview Hotel Group (formerly Eagle Crest) Bright Wood Corporation TRG Customer Solutions Opportunity Foundation T-Mobile (to close Redmond center mid year 2012) Walmart JELD-WEN/Bend Window Division BendBroadband Deschutes Brewery Costco Pioneer Memorial Hospital Bend Research Kah Nee Ta Resort (now separate from Indian Head Casino) Mt. View Hospital Bank of the Cascades Indian Head Casino (see above note re: Kah Nee Ta) Fred Meyer Athletic Club of Bend Bi-Mart McDonald's Central Oregon Trucking The Bulletin (Western Communications) Home Depot PCC Schlosser Mid Oregon Personnel Ray's Super Markets The Riverhouse Contact Industries Lowe's * The Center (Ortho/Neuro Care & Research) Wells Fargo Bank Black Butte Ranch * Target Stores * NeighborImpact (regionwide) Albertson's Woodgrain Millwork Keith Manufacturing Co. Hooker Creek Companies (regionwide) JELD-WEN Millworks Manufacturing Pacific Source (regionwide; formerly Clear Choice) Warm Springs Forest Products Olive Garden G5 Platform Advanced Energy

2,842 900 870 749 575 575 530 494 442 420 401 387 270 268 259 256 255 250 250 248 245 237 236 230 219 216 215 210 201 201 200 200 200 196 194 193 186 182 180 172 171 170 165 150 149 143 134 127 125 118

Source: EDCO Business Research, March 2012. * Seasonal employment high. 1

Unverified With the largest concentration in the Pacific Northwest, destination resorts and the visitor industry they support, are important employers in the region. Of the top 15 largest employers, four are resorts, while a total of six make the Top 50 list.

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E CONOMIC D EVELOPMENT FOR CENTRAL OREGON

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

AVERAGE WAGES FOR SELECT OCCUPATIONS Below are median hourly wages in Oregon, Washington, and California for a broad array of occupations. Wages in Washington are typically the highest on the West Coast while California wages routinely run at least 20% higher than those in Oregon. Central Oregon wages are usually below those of Oregon, often 10 to 20%. 2011 Average Hourly Wage Comparison Central Select Occupations Oregon OR Database Administrator NA $34.31 Computer Systems Analyst NA $38.86 Financial Manager $50.73 $50.50 Marketing Manager $43.51 $49.26 General & Operations Manager $42.35 $49.73 Industrial Production Manager $40.47 $44.68 Architect, except Landscape & Naval $36.99 $34.44 Registered Nurse $36.40 $36.74 Dental Hygienist $36.11 $37.58 Electrical Engineer $36.00 $46.12 Industrial Engineer $35.60 $39.27 Mechanical Engineer $35.60 $39.27 Physical Therapist $34.51 $36.64 Urban/Regional Planner $33.37 $32.60 Accountant/Auditor $30.52 $30.30 Supervisor, Administrative & Office Workers $29.28 $35.65 Landscape Architect $27.77 $30.67 Electrician $27.50 $31.22 Police/Sheriff Patrol Officer $27.38 $28.41 Network Systems Administrator $27.00 $33.58 Clinical Psychologist $26.24 $33.03 Multimedia Artist & Animator $25.96 $30.57 Lodging Manager $25.16 $23.06 Middle School Teacher, except Special Ed $24.86 $24.95 Food Service Manager $22.68 $25.34 Computer Support Specialist $22.43 $27.33 Industrial Machinery Mechanic $21.96 $23.48 Paralegal $21.67 $25.06 Chef & Head Cook $20.22 $21.90 Supervisor, Retail Sales Workers $19.44 $19.17 Graphic Designer $18.81 $21.59 Carpenter $18.37 $21.12 Computer-Controlled Machine Tool Operator $18.34 $17.92 Truck Driver, Heavy $17.75 $18.88 Secretary $14.48 $15.89 Customer Service Representative $13.64 $15.92 Receptionist $12.78 $12.83

CA

WA

$41.00 $41.34 $63.24 $67.68 $62.46 $49.63 $44.38 $42.65 $43.98 $48.33 $43.73 $44.31 $41.25 $38.96 $36.16 $27.56 $40.78 $28.98 $37.65 $39.16 $40.36 $36.35 $27.24 $30.70 $25.30 NA $26.55 $29.15 $23.68 $20.14 $27.91 $26.53 $17.93 $18.38 $18.04 $18.63 $14.08

$40.04 $42.06 $54.01 $61.45 $63.94 $48.88 $34.64 $35.94 $42.81 $43.32 $40.34 $42.71 $36.65 $33.82 $31.72 $26.13 $30.24 $30.08 $32.02 $34.48 $35.66 $30.35 $34.66 $28.52 $33.02 $26.21 $26.61 $24.24 $20.70 $20.55 $24.42 $24.05 $23.67 $20.76 $17.63 $16.70 $13.57

Sources: Oregon Employment Department, Washington State Employment Security Department, and California Employment Development Department, 2011 data.

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COVERED EMPLOYMENT & PAYROLL, INDUSTRY MIX Covered employment refers to jobs that are eligible for unemployment insurance, so is a good barometer of wage and sector trends. Note that while most employees are covered, notable exceptions include the selfemployed, those who work solely on commission, and some agricultural workers. Wages include commissions, bonuses, vacation and holiday pay, but do not include benefits. Below are the number of business establishments (units), employment, payroll, and average pay in the three counties in the region. Average annual pay is the total of all covered wages paid during the year divided by the monthly average number of covered jobs during the year. 2011 Covered Employment Statistics in the Tri-County Area Number of Business Establishments & Employees Industry Total Private Coverage

Crook C t Units Employ

Deschutes C t Units Employ

Jefferson C t Units Employ

Tri-County T t l Units Employ

515

4,347

6,189

50,839

412

3,303

7,116

58,489

Natural Resources & Mining

40

209

70

482

54

370

164

1,061

Construction

62

176

849

2,902

31

71

942

3,149

Manufacturing

34

672

275

3,665

23

818

332

5,155

Wholesale

27

(c)

334

1,404

22

196

383

1,600

Retail

57

496

706

9,123

47

484

810

10,103

Transportation, Whsg. & Utilities

28

437

132

1,077

19

113

179

1,627

6

33

126

1,354

7

27

139

1,414

Financial Activities

39

117

677

3,039

31

112

747

3,268

Professional & Business Svcs.

57

285

1,080

6,535

39

136

1,176

6,956

Private Education & Health Svcs.

42

520

689

9,583

33

344

764

10,447

Leisure & Hospitality

46

542

574

9,302

54

449

674

10,293

Other Services

76

199

636

2,334

53

181

765

2,714

46

1,199

218

8,383

61

2,549

325

12,131

Total All Ownerships

561

5,546

6,407

59,222

473

5,852

7,441

70,620

Industry

Crook C $154,300,981

Information

Total All Government

Payroll Total Private Coverage

Deschutes C $1,773,688,013

Jefferson C $92,493,457

Tri-County l $2,020,482,451

Natural Resources & Mining

$6,069,079

$16,502,408

$10,089,007

$32,660,494

Construction

$7,865,464

$110,236,051

$1,658,601

$119,760,116

$22,047,597

$154,604,231

$29,538,246

$206,190,074

(c)

$68,173,182

$6,911,222

$75,084,404

Retail

$11,098,890

$238,250,820

$10,830,284

$260,179,994

Transportation, Whsg. & Utilities

$19,180,245

$52,037,486

$6,311,010

$77,528,741

Manufacturing Wholesale

Information

$1,111,658

$67,237,939

$741,718

$69,091,315

Financial Activities

$3,643,764

$137,109,827

$3,587,599

$144,341,190

Professional & Business Svcs.

$9,921,267

$249,130,942

$3,695,465

$262,747,674

$21,247,422

$456,637,311

$9,641,620

$487,526,353

Leisure & Hospitality

$8,547,723

$161,831,184

$6,189,599

$176,568,506

Other Services

$4,049,656

$60,576,548

$3,231,561

$67,857,765

$50,863,951

$367,018,490

$101,883,036

$519,765,477

$205,164,932

$2,140,706,503

$194,376,493

$2,540,247,928

Private Education & Health Svcs.

Total All Government Total All Ownerships

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FOR CENTRAL OREGON

2011 Covered Employment Statistics in the Tri-County Area Average Pay Crook County

Industry Total Private Coverage Natural Resources & Mining Construction Manufacturing Wholesale Retail Transportation, Whsg. & Utilities Information Financial Activities Professional & Business Svcs. Private Education & Health Svcs. Leisure & Hospitality Other Services Total All Government Total All Ownerships

Deschutes County

Jefferson County

Tri-County Total

$35,496 $29,039 $44,690 $32,809 (c) $22,377 $43,891 $33,687 $31,143 $34,811 $40,860 $15,771 $20,350 $42,422

$34,888 $34,237 $37,986 $42,184 $48,556 $26,115 $48,317 $49,659 $45,117 $38,123 $47,651 $17,397 $25,954 $43,781

$28,003 $27,268 $23,361 $36,110 $35,261 $22,377 $55,850 $27,471 $32,032 $27,173 $28,028 $13,785 $17,854 $39,970

$34,545 $30,783 $38,031 $39,998 (c) $25,753 $47,651 $48,862 $44,168 $37,773 $46,667 $17,154 $25,003 $42,846

$36,993

$36,147

$33,215

$35,971

Source: Oregon Employment Department

Industry Mix in the Tri-County Region (by employment)

Prof & Biz Svcs 10%

Mfg 7% Fin'l Svcs 5%

Retail 14%

Constr5% Other Svcs 4%

Other 12% Leisure & Hosp 15%

Transp, Whsg & Util 2% Wholesale 2% Info Svcs 2% Nat'l Res & Mining 2%

Priv Health & Educ 15%

Government 17%

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FOR CENTRAL OREGON

COSTS OF DOING BUSINESS

State Cost Factors Sales tax: None in Oregon.

Overall, Oregon has a long established national status for being a cost competitive location for business. Contributing to the rankings is the fact that Oregon has no sales tax, no inventory tax, a single sales factor that benefits large employers with multiple operations, and an affordable property tax system.

Inventory tax: None in Oregon. Corporate income tax: 6.6% on taxable income of $250,000 or less; for incomes greater than $250,000, the rate is 7.6% plus $16,500. S corporations are subject to a $150 minimum tax, while C corporations are subject to a range of $150 to $100,000 based on Oregon sales.

Average industrial, commercial, and residential power costs are nearly half those in California and on average 25% below national averages. With steady inmigration, labor costs are also among the most affordable on the West Coast.

Workers’ compensation: The pure premium rate is $1.48/$100 of payroll, a small increase from 2011. Overall, rates have declined by 60% from 1990. Unemployment insurance: The minimum taxable rate is 2.2% and the maximum is 5.4%; an employer’s rate is based on their actual experience. New employers pay 3.3% and the 2012 taxable wage base is $33,000.

Shown below, workers’ compensation costs in Oregon remain highly favorable compared to other states. After declining more than 60% since 1990, the “pure” premium is increasing 1.9% in 2012, a change driven by the economy. Additional 2012 changes include a decrease in the workers’ compensation premium assessment, from 6.4% in 2011 to 6.2%, and no change to the Workers’ $5.00 Fund Benefit Assess-ment, which remains at 2.8 cents $4.50 per hour. $3.83

Vehicle registration: $86 for two-year renewal. Source: EDCO Business Research, March 2012

Oregon's Workers' Compensation Rates Remain Low Compared to Other States

$3.50 $3.00

$2.47

$2.50

$1.81

$1.69

$2.00

$1.46 $1.48

$1.50 $1.00 $0.50

06 20 07 20 08 20 09 20 10 20 11 20 12

20

04

05 20

03 20

20

01

02

20

20

99

98

00 20

19

19

96

97

19

19

94

95

19

19

92

93

19

19

90 19

91

$0.00

19

Shown below are business costs for the Tri-County region. Land costs in the region have decreased as much as 50% in the past few years. Costs do vary by community, with Crook and Jefferson Counties having lower lease and construction rates. In Deschutes County, Redmond offers lower land and lease costs than neighboring Bend, reflecting land availability and degree of amenities.

Rate Per $100/Payroll

$4.00

Year

Business Costs Across the Region (all costs expressed as costs per square foot) Deschutes County Bend

Redmond

Sisters

La Pine

Crook County

Jefferson County

$3.50-$6.00

$1.50-$5.001

$2.55-$8.00

$0.50-$2.00

$0.50-$2.50

$1.00-$2.00

$0.45-$0.75 $0.50-$2.50 $0.45-$2.50 $50-$75

$0.25-$0.50 $0.45-$1.50 $0.40-$1.50 $50-$75

$0.45-$0.80 $0.40-$1.40 $0.65-$1.20 $80-$100

$0.15-$0.35 $0.35-$0.95 $0.35-$1.20 $35-$50

$0.30-$0.60 $0.35-$0.95 $0.35-$1.50 $35-$50

$0.15-$0.25 $0.30-$1.40 $0.30-$1.40 $40-$60

Category Industrial land Lease rates Industrial Commercial Retail Construction

Source: EDCO Business Research, March 2012.

1

Within Redmond city limits

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E CONOMIC D EVELOPMENT FOR CENTRAL OREGON

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Recent Oregon business rankings are shown at right, including such well regarded organizations as the Brookings Institute, the Kauffman Foundation, and Ernst & Young.

Oregon’s Business Climate: One of the Best in the Nation Oregon is #1 Location for Manufacturing American Institute for Economic Research, 2011

In 2010, the most currently available data, the Bureau of Economic Analysis (BEA) measured Oregon’s gross domestic product (GDP) at $174.2 billion. The five sectors that contribute the most to the state’s GDP are manufacturing, real estate and rental and leasing, health care and social assistance, wholesale trade and retail trade.

#2 Lowest Taxes on New Investment Ernst & Young C.O.S.T. Study, 2011

Within the BEA-defined region of the nine westernmost states, Oregon's GDP has grown over the past five years at a faster average rate than any other state. The same also holds true over the last 10 years. From 2009 to 2010, Oregon's GDP was the fifth fastest growing in the nation (3.4% growth), owing much to its strength in exports, which experienced a 23% increase in the same period. At $17.7 billion, Oregon’s exports account for over 10% of its GDP.

Oregon Ranked Top Five for Quality of Life Business Facilities, 2011

Oregon has #5 Lowest Effective Biz Tax Rate Ernst & Young C.O.S.T. Study, 2011 (5 years running in the Top 5) Top 10 Lowest Cost of Doing Business CNBC, 2011

#9 Best State for Business Forbes, 2011 #2 Most Inventive State (patents) CNN/Kauffman Foundation, 2010 Oregon Ranked #2 Greenest Economy Brookings Institute, 2011 Source: Oregon Business

GDP for the Bend MSA (Deschutes County), the only county in the region for which statistics exist, was $6.1 billion in 2010, tracking at 3.5% of the state’s GDP.

EMPLOYMENT GAINS IN THE PAST DECADE From 2001 until 2011, jobs in the nation have grown at an overall rate of 2.1%. All Oregon metro areas surpassed the national job creation average, with the Bend Metropolitan Statistical Area (MSA), which consists of Deschutes County, leading the list with an 18.2% increase.

Employment Gains 2001-2011 Area

(Annual average nonfarm employment, not adjusted for seasonality) 2001 2011 Gain/Loss % Change

Deschutes County/Bend MSA Portland MSA Salem MSA Oregon Corvallis MSA Medford MSA Eugene-Springfield MSA

59,473

70,299

10,826

18.2%

1,021,685

1,088,485

66,800

6.5%

167,501

178,001

10,500

6.3%

1,711,041

1,803,602

92,561

5.4%

39,872

41,911

2,039

5.1%

86,347

90,455

4,108

4.8%

158,697

164,025

5,328

3.4%

While not growing, JefferU.S. Average 136,933,000 139,869,000 2,936,000 2.1% son County has not kept Jefferson County 8,151 8,152 1 0.0% pace with the U.S. averCrook County 8,018 7,787 -231 -2.9% age. At -2.9%, Crook Source: Oregon Employment Department County has experienced a moderate loss in its job base. Both counties have historically had strong dependence on manufacture of building products, which has been heavily impacted by the 2007-09 recession and persistently low housing starts. The impact in Jefferson County has been partially mitigated by gains in agriculture. The most current annual data available is 2011, which does not reflect recent investments and job creation resulting from the data center industry in Crook County. Of the Tri-County area, Deschutes County has been the growth driver. Not only has Deschutes County led employment growth in Oregon on a percent basis, but it also tops all other metro areas in the state in terms of sheer number of jobs created.

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FOR CENTRAL OREGON

HISTORICAL UNEMPLOYMENT Historical Unemployment Rate

From a historical perspective, Oregon’s unemployment rate tracks higher than the national rate. Deschutes County’s rate trends above that of Oregon and also shows greater volatility.

(not seasonally adjusted, so is higher) 18 16 14 Unemployment %

Because of Central Oregon’s continued inmigration, job creation typically lags population growth. In the most recent recession, unemployment peaked in 2009 and now is on a noticeable downward trend (see the following chart that views unemployment for the last 15 months, adjusted for seasonality).

12 10 8 6

Nearly one-half of job losses in 2007-09 in the region were associated with construction, real estate, professional services, and manufacturing. Twenty years ago, one in every two manufacturing jobs were in wood products, while the corresponding statistic today is one in four.

4 2

4 Jul-0

1

3 Jul-0

0

2 Jul-0

Jul-1

1 Jul-0

9

0 Jul-0

Jul-1

9 Jul-9

8

8 Jul-9

Jul-0

7 Jul-9

7

6 Jul-9

Jul-0

5 Jul-9

6

4 Jul-9

Jul-0

3 Jul-9

5

2 Jul-9

OR

Jul-0

1 Jul-9

US

While high unemployment isn’t desirable for the job seeker, it does provide significant advantages to employers seeking a qualified, available workforce.

Jul-0

0 Jul-9

0

Deschutes

RECENT UNEMPLOYMENT TREND The chart at the right provides a recent (15 month) perspective on unemployment in the Tri-County area.

Based on the historical pattern of the Tri-County unemployment running higher than the state of the nation, we are beginning to see structural changes resulting from employment gains.

(seasonally adjusted) 18.0

16.0

Unemployment Rate (%)

While all three Central Oregon counties have high unemployment compared to the state of Oregon and the nation, Crook and Deschutes Counties have reduced their unemployment rates by three to four percent points since January 2011. While lower, Jefferson County has not seen the same degree of improvement.

Recent Unemployment Trend in Central Oregon

14.0

12.0

10.0

8.0

6.0

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Aug-11

Sep-11

Oct-11

Nov-11

Dec-11

Jan-12

Feb-12

Mar-12

Crook Co.

17.3

16.5

15.7

15.3

15.1

15.4

15.7

15.7

15.8

15.9

15.6

15.3

14.7

14.0

13.5

Deschutes Co.

13.9

13.2

12.5

12.2

12.2

12.5

12.7

12.7

12.8

12.8

12.3

12.0

11.6

11.3

10.9

Jefferson Co.

13.9

13.4

12.8

12.4

12.5

13.1

13.5

13.6

13.6

13.4

13.0

12.7

12.7

12.8

12.4

Oregon

9.9

9.7

9.6

9.5

9.5

9.6

9.6

9.5

9.4

9.3

9.1

9.0

8.8

8.8

8.6

U.S.

9.1

9.0

8.9

9.0

9.0

9.1

9.1

9.1

9.0

8.9

8.7

8.5

8.3

8.3

8.2

Crook Co.

Deschutes Co.

Jefferson Co.

Oregon

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U.S.


E CONOMIC D EVELOPMENT

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FOR CENTRAL OREGON

HOUSING COSTS Home Prices Central Oregon has become far more affordable for incoming businesses and residents. As with much of the rest of the country, residential property prices peaked to all-time highs in 2006 and have declined markedly since. In terms of median home price, Sunriver experienced the smallest drop in value (-35%) since 2006, followed by Bend (-46%), while all other communities experienced greater declines. Local real estate experts note distressed sales now comprise far less of the market than a year ago. While short sales continue to put price pressure on the market, other segments, notably traditional sales and bankowned sales, saw price increases in Q1 2012.

Home Prices (residential, less than one acre, $) Median Home Prices 2005

2006

2007

2008

2009

2010

2011

Crook Co.

149,375

195,500

199,450

177,500

112,000

91,100

79,900

Bend

279,900

351,978

345,000

289,450

212,000

191,750

190,000

Redmond

198,818

262,749

250,000

216,000

147,500

123,450

116,000

La Pine

148,450

183,500

215,000

160,000

109,000

99,900

88,200

Sisters

394,250

460,000

415,000

367,450

286,250

223,750

201,000

Sunriver

462,500

575,000

548,547

555,738

402,000

417,500

375,000

Jefferson Co.

133,500

165,080

177,950

139,950

$89,900

69,950

69,900

U.S.

219,000

221,900

217,900

196,600

172,100

173,200

166,200

Average Home Prices Crook Co.

154,906

212,173

224,151

206,874

145,040

120,537

94,540

Bend

334,570

406,122

426,044

353,142

266,319

245,069

238,186

Redmond

226,238

292,268

286,543

245,204

170,739

142,402

137,214

La Pine

163,971

202,331

237,665

180,153

126,606

110,632

107,238

Sisters

449,979

514,259

526,626

437,636

372.483

295,488

248,019

Sunriver

501,764

627,345

637,734

628,979

458,614

455,550

398,948

Jefferson Co.

131,493

170,228

187,367

144,146

145,040

78,376

77,010

U.S.

267,400

268,200

266,000

242,700

216,900

220,000

214,300

Source: Central Oregon Association of Realtors (COAR), National Association of Realtors

Average Monthly Rent for a 3 Bedroom House

Average Monthly Rent Area

2006

2007

2008

2009

2010

2012

The Central Oregon rental market began $965 $1,005 $969 $969 $1,012 $1,231 tightening in 2010 and continues to face Bend $911 $975 Redmond $919 $885 $863 $863 heightened demand as former homeLa Pine $889 $861 NA NA NA NA owners become renters. The vacancy rate of the region’s rental properties Sunriver $896 $1,086 NA NA NA NA stood at 12.4% in 2009; two years later Sisters $922 $850 NA NA NA NA it had shrunk to 5.2%, according to the $847 $835 Crook County $748 $846 $809 $809 Central Oregon Rental Owners Associa$800 $817 Jefferson County $672 $842 $849 $849 tion. Most foreclosures in 2009 and Source: Central Oregon Rental Owners’ Association (COROA); April 2012 2010 were purchased and converted to rental units, adding to region’s supply of 4,000+ units. But as additional families come to Central Oregon, demand continues to outstrip supply, exerting pressure on prices. In 2011, two and three bedroom rental units increased more on a percentage basis than apartments or duplexes. Property management experts predict overall price increases in the 10 to 12 percent range with low vacancy rates in the 3 to 4 percent range.

REAL ESTATE TRENDS Residential building permits are is steadily picking up throughout Central Oregon, as evidenced in the chart to the right. This uptick in permits has continued in the first quarter of 2012. Still, the activity represents about half of the building peak in 2006.

Residential Real Estate Activity Area Oregon Crook County Deschutes County Jefferson County Tri-County Total

2009 7,686 7 380 22 409

2010 7,302 28 377 30 435

2011 7,931 26 457 14 497

Sources: Bureau of Census, National Association of Realtors (Haver Analytics)

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FOR CENTRAL OREGON

In their quarterly POINTS newsletter, Compass Commercial Real Estate observes that Central Oregon’s commercial real estate market correlates closely with the residential sector, albeit with a 6 to 18-month lag. Absorption of Bend’s 2.5 million SF of office space has been slow, with the current vacancy rate at 21.6%. Activity in the industrial market (approximately 5.5 million SF in Bend and Redmond) in has been strong with a positive absorption rate for Q1 2012. Bend’s 14.5% vacancy rate is at its lowest since Q3 2008; Redmond’s 24.2% rate represents three consecutive quarters of positive absorption. Banks, Savings Associations, and Credit Unions in Central Oregon (as of March 2012)

VALUATIONS Financial Institutions Central Oregon is home to 19 financial institutions (13 commercial banks, three savings institutions, and four credit unions) which collectively have 79 branches in the region. The total FDIC-insured deposit base as of June 30, 2011 (the most current data available) was $2.69 billion, nearly a 10% drop from the prior year.

Bank of America

OnPoint Community Credit Union

Bank of the Cascades

PremierWest Bank

Bank of the West

SELCO Community Credit Union

Columbia State Bank

South Valley Bank & Trust

High Desert Bank

Sterling Savings Bank

Home Federal Bank

U.S. National Bank of Oregon

JPMorgan Chase Bank

Umpqua Bank

Mid Oregon Credit Union

Washington Federal Savings & Loan

Northwest Community Credit Union

Wells Fargo Bank

Northwest Farm Credit Services

West Coast Bank

In April 2012, Washington Federal Source: FDIC Summary of Deposits & EDCO Business Research announced it would acquire South Valley Bank & Trust in its entirety, converting the three branches in Central Oregon to the new financial Growth in Financial Deposits (in millions) institution. Investment Firms Reflecting higher than average deposit wealth, Central Oregon also supports a significant number of financial planning and investment firms. Many of these firms also provide wealth management for clients nationwide.

County Crook County Deschutes County Jefferson County Tri-County Total

2001 $123 $1,164 $92 $1,379

2006 $261 $2,294 $123 $2,678

2011 $197 $2,355 $139 $2,691

Source: FDIC Summary of Deposits as of 6/30 for each year; 6/30/11 most current data available

UTILITIES SERVING CENTRAL OREGON Electric Companies

Average 2011 Electricity Rates

Central Oregon providers are: ƒ Pacific Power (PPL), 888-221-7070 ƒ Central Electric Cooperative (CEC), 541-548-2144 ƒ Midstate Electric Cooperative, 541-536-2126

Industrial Commercial

(in cents, per kWh) U.S. CA OR 6.89 11.01 5.50 10.32 13.81 8.19

CEC 5.52 5.63

PPL 5.47 7.11

Sources: U.S. Department of Energy Administration (YTD through Dec 2011); City of Redmond

For all sectors, Oregon’s electrical rates are well below the national average. For industrial customers, Central Oregon providers offer rates up to nearly 26% below the U.S. average and 45% below those in neighboring California. Natural Gas Natural gas is widely available throughout Central Oregon and is supplied by Cascade Natural Gas Corporation (888-522-1130) serving more than 44,000 industrial, commercial and residential customers. Potential users for the Large Volume–General Service rate should contact EDCO for additional information about their potential usage conditions. Transmission to the region is provided by 36 and 42 inch high capacity lines that run from Canada to southern California.

Natural Gas Rates User Commercial Industrial Large Vol–General*

Base Charge $3.00 $12.00

Cost Per Therm $0.88 $0.795

Included $0.762 *Requires specific contract and usage conditions; 1 therm = 1,000 BTUs

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© Copyright 2012 EDCO


E CONOMIC D EVELOPMENT

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

FOR CENTRAL OREGON Water System & Rates

Cities in the region have invested in the latest technology for the least environmental impact and greatest savings to residents and businesses. Rates vary between communities in the region. Commercial and industrial rates are typically based on meter size; please contact EDCO for specifics.

POPULATION GROWTH The large differences in reported population numbers between the Census Bureau and Oregon’s official population estimator, Portland State University’s Population Research Center (PRC), have now been reconciled. PRC revised its estimates from last year, bringing them more in line with the 2010 census. In the Tri-County area, Deschutes County and specifically Bend and Redmond, continue to drive the most growth, matching the annual overall state growth rate of 0.7%. About half of the growth is the result of in-migration. Both Crook and Jefferson County are growing at a slower pace.

Central Oregon 2012 Population: 201,575 Crook County Prineville Deschutes County Bend Redmond Sisters La Pine Jefferson County Madras Culver Metolius Tri-County Total

2000 19,182 7,356 115,367 52,029 13,481 959 NA 19,009 5,078 802 635 153,558

2005 21,150 9,082 143,490 70,328 21,109 1,706 NA 20,600 5,592 1,019 804 185,240

2010 20,978 9,253 157,733 76,639 26,215 2,038 1,653 21,720 6,046 1,357 710 199,675

2011 20,855 9,260 158,875 76,925 26,305 2,055 1,670 21,845 6,225 1,370 710 201,575

Sources: 2000 and 2010 data is from the U.S. Census Bureau. 2005 and 2011 estimates are from Portland State University’s Population Research Center (PRC) and are for July of each year.

EDUCATION Public Schools Six major public school districts serve over 31,000 Central Oregon students. For the past several years, enrollment in the Tri-County region was largely flat, but there’s been a modest pickup in student count in 2012. For the past 15 years, student enrollment growth has necessitated the construction of at least one school annually—a remarkable statistic that spans two business cycles. This statistic is indicative of the broad age range of in-migrants to the region. Central Oregon is also home to numerous private schools, notably: ƒ ƒ ƒ ƒ ƒ ƒ

School District

Students

Schools

2,975

10

Website

Crook County Crook SD

crookcounty.k12.or.us HU

Deschutes County Bend-La Pine SD

16,300

27

Redmond SD

6,962

12

Sisters SD

1,300

3

bend.k12.or.us HU

redmond.k12.or.us HU

sisters.k12.or.us HU

Jefferson County Jefferson SD 509J Culver SD Tri-County Total

2,807

8

659

3

31,003

63

jcsd.k12.or.us HU

culver.k12.or.us HU

Source: Oregon Department of Education; local school districts

Waldorf School of Bend, (PreK-5) Seven Peaks Elementary School, (PreK-8) Saint Francis of Assisi School, (PreK-8) Sisters Christian Academy, (PreK-8) Trinity Lutheran School, (PreK-10), and Cascades Academy, (Grades K-12)

The largest school district is Bend-La Pine, with an attendance area spanning more than 1,600 square miles—the seventh largest in the state. More than 16,300 students are enrolled in the District’s 28 schools. Bend-La Pine employs a total of 1,675 employees; of the teaching staff, 71% have a masters’ degree or higher and 98.5% meet the federal “Highly Qualified” designation.

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E CONOMIC D EVELOPMENT

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FOR CENTRAL OREGON

The District is also proud to have a number of its staff recognized at the state and national level. Earlier this year, the Oregon Association of School Executives named Bend-La Pine Superintendent Ron Wilkinson as the 2012 Oregon Superintendent of the Year. Teaching staff includes Oregon’s Elementary Principal of the Year, Oregon’s High School Principal of the Year, Oregon’s Art Teacher of the Year, Oregon’s Journalism Teacher of the Year, Oregon’s Culinary Teacher of the Year, and a Presidential Award winner for Excellence in Math and Science Teaching. 2011 SAT Scores For the five high schools in the District, the average dropout rate during Bend-La Pine 1620 the 2009-10 year was a low 1.6%, below the statewide average of 3.4%. Washington 1564 Within five years of graduation, more than 80% of Bend-La Pine students Oregon 1546 will pursue post-secondary education or training. Since 2000, students in California 1517 the Bend-La Pine District have continually scored higher on SAT tests U.S. Average 1509 than their peers, 111 points higher than their peers nationwide. Nevada 1470 Sources: College Board & Bend-La Pine School District

Demand for Higher Education

EDCO works in partnership with Central Oregon Community College (COCC) and OSU-Cascades to ensure that program offerings align with business needs. Both institutions have top leaders that serve as Directors on EDCO’s Board.

Growing Enrollment at COCC and OSU-Cascades (headcount for credit)

9,000 764

8,000 678 Students enrolled for credit

The chart to the right shows enrollment for Central Oregon’s post-secondary education institutions over the past six years. The last five years of enrollment increases, or “demand” for higher education, have been driven by several forces: Central Oregon’s growing population base, the national economic recession, and job training and retraining. Additionally, OSU Cascades Campus is gaining in reputation, attracting more students, and expanding its program offerings.

7,000

611 162

6,000 5,000 4,000

510 154

497

495 148

165 6,405

3,000 2,000

171

169

4,371

7,002

7,487

5,400

4,618

1,000OSU-Cascades, COCC. Enrollment is for Fall term except 2011 which is Winter term. Sources: 0 2006

2007

COCC

2008

2009

COCC headed to OSU

2010

2011

OSU-Cascades

Sources: OSU-Cascades & Central Oregon Community College. Fall term enrollment.

Central Oregon Community College (COCC) Founded in 1949, Central Oregon Community College (www.cocc.edu) was Oregon’s first community college. COCC offers transfer/lower division programs, mirroring the first two years of a university education at a fraction of the cost, plus career and technical education programs to move students into local industry jobs. HU

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Enrollment at COCC has increased dramatically with Central Oregon’s growth and more residents returning to school during the recession. To meet growing demands, COCC has grown extensively the past three years, establishing permanent campuses throughout the Tri-County region. The College now operates campuses in Bend, Redmond, Madras and Prineville. COCC’s Business and Employee Development department delivers industry-specific courses and workshops tailored to business and industry’s changing needs. The College also offers a wide range of continuing education for personal and professional development. Page 12 Last updated 5/31/2012

© Copyright 2012 EDCO


E CONOMIC D EVELOPMENT

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FOR CENTRAL OREGON

Located on the COCC campus, the Small Business Development Center (SBDC) provides active support for Central Oregon’s many small businesses. EDCO works closely with the SBDC to provide programs, counsel, and market research assistance for entrepreneurs at the earliest stages of development. The following significant projects have opened or are nearing completion, largely funded by a $41.8 million bond measure passed in 2009: ƒ New Madras Campus: an 8,500 SF building, opened Fall 2011. ƒ New Prineville Campus: a 12,300 SF building, part of the OSU Open Campus initiative, opened Fall 2011. ƒ Expansion of the Redmond Campus: A new 34,000 SF Technology Education Center is scheduled to open in Fall 2013 and will offer technical course work in a variety of fields, including: Aviation/Aerospace, Manufacturing/Engineering, Sustainability/Green Jobs, and Graphic/Creative Arts. It will also house the Center for Entrepreneurial Excellence and Development (CEED) and courses and programs in Non-Destructive Testing and Inspection, Digital Arts and Media and Flexible Technology. ƒ Expansion of the Bend Campus: The Jungers Culinary Center, a new 15,205 SF teaching facility for the College's culinary instructional program – the Cascade Culinary Institute (CCI) – opened to much fanfare in Fall 2011. A 47,000 SF Health Careers building provides a new home for all of the college’s health programs; it is scheduled to open in 2012. A 45,000 SF Science Building will accommodate greater demand for biology, chemistry and engineering courses and will open in August 2012. Additionally, Ochoco Hall has been renovated and Mazama Hall has been expanded to add classrooms. COCC’s Redmond Campus is home to the region’s Manufacturing and Applied Technology Center, a 26,000 SF technical training facility with certificate and degree programs readying students for nearby jobs in the manufacturing field. The previously mentioned Technology Education Center will be located in the same location, creating greater synergy between the two programs.

Oregon State University Cascades Campus Located in Bend, OSU-Cascades features outstanding faculty in degree programs that reflect Central Oregon’s vibrant economy and abundant natural resources. Twelve undergraduate majors and three graduate programs, with 25 minors and degree options, include Business Administration, Energy Engineering Management, Tourism and Outdoor Leadership, and Hospitality Management. As part of its Hospitality Management program, OSU-Cascades works with Cornell University’s School of Hotel Administration, offering executive education courses to hospitality leaders on the West Coast. Considered the world leader among hotel schools for its undergraduate, graduate and research programs, Cornell has built an international reputation among professional hoteliers and restaurateurs for its executive education program. OSU-Cascades’ partnership with Central Oregon Community College creates a four-year university experience where students take freshman and sophomore courses at COCC and junior and senior courses at OSUCascades. Call 541-322-3100 or visit www.osucascades.edu. 9U

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Additional Colleges and Universities Additional accredited academic institutions have a presence in Central Oregon, typically combining evening and occasional weekend classes in conjunction with distance learning. ƒ ƒ ƒ ƒ ƒ

Concordia University, which offers an MBA locally (1-866-288-3931) Eastern Oregon University Division of Distance Education (541-385-1137) George Fox University (1-800-631-0921) Linfield College - Central Oregon Center (541-388-2986) Oregon Institute of Technology, Bachelor’s degree in Operations Management, via COCC. HU

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E CONOMIC D EVELOPMENT FOR CENTRAL OREGON

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

TELECOMMUNICATION Built largely over the last decade, Central Oregon’s telecommunications infrastructure is one of the Northwest’s most technologically advanced, meeting business and telecommuting requirements for capacity, redundancy and reliability. High-end data services, typically offered only in large metro areas, include Ethernet access rates up to 10Gb. Several local providers focus purely on the commercial marketplace.

Telecom Resources in Central Oregon Carriers & Providers

BendBroadband, BendTel, CenturyLink, Quantum Communications, Bendnet

Wireless Internet

Community Broadband, Webformix, Yellowknife Wireless

Cable

BendBroadband, Chambers Cable, Crestview Cable

Resellers & Integrators

Integra Telecom (Internet & voice)

Telephone

ACT Cascades, CascadeTel Services are delivered to residential and comInterconnect mercial customers across a number of access Cellular AT&T, Sprint, T-Mobile, US Cellular, Verizon options including land line (copper), high speed fiber optics, and wireless (WiFi, WiMax and secure microwave). Many providers offer DSL, ISDN, Frame Relay, ATM, and Metro Ethernet services, along with the traditional high capacity TDM services (T1, T3, OCx). All Local Exchange Carrier central offices use digital electronic switches and the entire system is on a redundant, self-healing fiber optic network.

With a strong history of investing in cutting edge technology early, BendBroadband’s nationally recognized reputation for innovation has made Central Oregon a telecommunications oasis, on par with far larger metro areas. In 2010 BendBroadband won a federal broadband infrastructure grant for $4.4M to deploy fiber infrastructure to Madras, La Pine, Sunriver, and Prineville, providing broadband connectivity to the region’s historically underserved areas. The new 132-mile fiber network is comprised of closed or open rings to points of presence in the four cities, OTN network in the middle mile, and a combination of Optical Metro Ethernet and GePON in the last mile. The result will be a comprehensive, regional 40 Gbps fiber ring.

SERVICES Health Services Health care is one of Central Oregon’s crown jewels. Attracted to the area for its quality of life, the region has a disproportionately large concentration of outstanding physicians and specialists both within the fourhospital system and in private clinics. St. Charles Health System (SCHS) owns and operates medical centers in Redmond and Bend (Oregon's only Level II Trauma Center east of the Cascades), leases and operates Pioneer Memorial Hospital in Prineville, and provides key management services for Mountain View Hospital in Madras. Over the years, SCHS has become recognized as the primary provider of quality health care for patients living in and around Central Oregon. In 2009, Thomson Reuters recognized St. Charles Health System as one of the best hospitals in the nation in a comprehensive research project: 100 Top Hospitals: Health System Quality/Efficiency Benchmarks Study. SCHS officials are proud to be in a group that includes the Mayo Clinic and the Cleveland Clinic, and other hospitals considered to be in the top 2% of all institutions. Bend Memorial Clinic (BMC) is the largest multi-specialty group east of the Cascades with 400 staff members (including 100 physicians) and 30 service specialties. With the opening of its new facility in Redmond in 2010, BMC has four locations in the region—Bend eastside, Bend Westside, Redmond, and a small clinic in Sisters. A third major health care group, High Lakes Health Care, has emerged in Central Oregon. Part of a network of companies called Praxis Medical Group, High Lakes has been growing steadily in size and influence with a focus on quality over quantity. With locations in Bend’s Upper Mill area, the Eastside, and Sisters, High Lakes now has over 20 primary care physicians.

Page 14 Last updated 5/31/2012

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E CONOMIC D EVELOPMENT

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

FOR CENTRAL OREGON

Metro Aviation, Inc. and Med-Trans Corporation will now provide emergency air ambulance service for Central and Eastern Oregon, after the sale of the service by SCHS in April 2012. With bases in Bend and La Grande, three aircraft respond 24/7 to medical crises in the region’s most remote areas, providing Level I, II, and III trauma services.

MEDIA ƒ Print: The Bulletin is the dominant daily newspaper while local papers cover Madras, Redmond, Prineville, Sisters, and La Pine. Cascade Business News, a bi-weekly business publication, and The Source, an alternative weekly newspaper, round out the print news options. ƒ Radio: Three privately-held companies (Horizon Broadcasting Group, Bend Radio Group, and Combined Communications) collectively own 14 radio stations plus there are two independent operators. Spanish language station, Radio La Bronca, addresses the region’s Latino population. ƒ Television: KTVZ TV 21 is the NBC affiliate, KOHD TV 53 is the Bend bureau for Eugene-based ABC affiliate KEZI, KFXO TV 39 is the Fox affiliate, and KOAB TV 3 is the PBS station. BendBroadband airs local origination programming through COTV 11, its community cable channel, which provides in-depth local news, sports and information. ƒ Other: Central Oregon is home to numerous blogs and other news options. Cascade Publications, parent of Cascade Business News, also publishes Cascade Arts & Entertainment and Cascade Discover.

TRANSPORTATION Commercial Airport

300,000 250,000

241,957

2008

236,671

2007

232,265

2004

247,392

2003

215,163

2002

188,995

2001

156,898

2000

147,706

50,000

144,582

100,000

158,670

150,000

246,327

200,000

161,713

Air service is provided by Alaska/Horizon Air, Delta, United Airlines served by Sky West, and Allegiant Air. These carriers offer about 40 flights daily to Denver, , the Phoenix area, Oakland, Portland, Salt Lake City, San Francisco and Seattle.

RDM Passenger Growth is Rebounding

Passenger Enplanements

Serving the entire Central Oregon region, Roberts Field/Redmond Municipal Airport (RDM) is the Northwest’s 16th largest commercial airport. After a drop in passenger traffic in 2009, RDM began to pick up passenger count.

2009

2010

2011

0 2005

2006

RDM just completed a three year $40 million expansion project which increased six-fold the size of the terminal. The Airport also serves air cargo and general aviation traffic, including extensive corporate and business travel. Visit www.flyrdm.com for more information. 1U

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General Aviation Airports ƒ The Bend Municipal Airport is identified as a Category 2, High Activity Business and General Aviation airport by the Oregon Department of Aviation. The 5,260’ by 75’ runway is in excellent condition. Re-

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E CONOMIC D EVELOPMENT FOR CENTRAL OREGON

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

cent projects include the addition of an east side taxiway completed in late 2010, improvement of the west side taxi ways in 2012, and a new airport master plan scheduled for completion by summer 2012. Avgas, jet fuel and aircraft maintenance are offered through the full-time Fixed Base Operator (FBO) on duty. ƒ The Prineville Airport has undergone significant expansion and upgrades in recent years, beginning with a brand-new 3,245 SF terminal where pilots can file flight plans and check weather reports. Over $3 million in FAA grants allowed the airport to extend the main runway from 5,000’ to 5,750’ and widen it from 60’ to 75’. The weight capacity was also increased to 30,000 pounds per wheel, providing better service for larger aircraft, including corporate jets. New hangars are available, along with hundreds of acres of leasable land with direct access to the runway. Avgas, jet fuel and aircraft maintenance are offered through the FBO on duty. ƒ The Madras Municipal Airport and industrial site is a fast growing Category 4 airport for general aviation and business use. The Airport is included in the federal NPIAS (National Plan of Integrated Airport Systems) and has 2,100 acres for aeronautical and industrial use. A new 39,000 SF hangar facility, now leased to Butler Aircraft for the maintenance of fire fighting aircraft, was opened in 2011. A newly adopted 20 year master plan calls for 1,800’ of new streets and a new Automatic Dependant System Broadcast (ADSB) antenna site. A $2.2 million Connect Oregon III project, completed in summer 2011, is funding additional navigation aids and runway/taxiway lighting, an automated weather observation system, and new taxiway and ramp improvements. ƒ The Sunriver Resort Airport is a general aviation airport located 17 miles south of Bend and serves business charter and private pilots. The airport’s 5,500 foot long paved and lighted airstrip is the third busiest in the state and one of the longest private airstrips in the West. Additional Transportation Services ƒ For air freight, Central Oregon is served by Federal Express, United Parcel Service, and US Postal Service Express mail. ƒ To move motor freight, U.S. Highways 97 and 20, both of which run through Central Oregon, are two of the state's major trucking routes. To reach the Northwest’s metro areas, trucking companies that operate in Central Oregon use Hwy 97 to access Interstate 5 (north-south) and Interstate 84 (east-west). ƒ In terms of rail service, Burlington Northern-Santa Fe, Union Pacific, and the City of Prineville Railway provide direct rail connections for shipping to any market in the United States, Canada and Mexico. Amtrak provides passenger rail service to Central Oregon via the Chemult station, about 60 miles south of Bend on Hwy 97. ƒ For transit within Central Oregon, Cascades East Transit (CET) operates the regional bus system, providing service within the City of Bend, and between Bend and the following cities: La Pine, Prineville, Madras, Culver, Metolius, Warm Springs Redmond, and Sisters. CET is managed by Central Oregon Intergovernmental Council (COIC). For more information, visit www.cascadeseasttransit.com, call locally 541-385-8680 or toll free 1-866-385-8680. 1U

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ƒ Among the most relevant intracity bus options, Central Oregon Breeze, a division of CAC Transportation, provides service 362 days a year between Bend, Redmond, Madras, Gresham, and Portland. The Breeze connects Central Oregon residents with Amtrak, the MET, and Portland International Airport. TAC Transportation operates two lines important to Central Oregonians making connections: Eastern POINT provides service along Hwy 20 from Bend to Burns and Ontario; similarly, the High Desert POINT provides daily Amtrak thruway service from the Chemult Amtrak station to Sunriver, La Pine, Bend, and Redmond.

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E CONOMIC D EVELOPMENT

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FOR CENTRAL OREGON

TRAVEL DISTANCES FROM BEND

Distance from Bend Oregon

With U.S. Highway 97 running north to south through Bend, and U.S. Highway 20 running east to west through Bend, travel to other areas in Oregon is relatively straightforward. Using either the northern Highway 26 or more southern Highway 20 route, Portland is a three hour drive from Bend while Medford runs about four hours away. Outside Oregon, Seattle can be reached in less than six hours and parts of the Bay Area can be accessed in eight or nine hours. Los Angeles, at nearly 14 hours, tests the outer limit of a day’s drive.

COMMUTE TIME

State OR OR WA WA ID CA CA

City Portland Medford Olympia Seattle Boise San Francisco Los Angeles

Miles 145 189 251 311 323 507 838

Drive Time 3 hrs, 3 min 4 hrs, 6 min 4 hrs, 44 min 5 hrs, 42 min 6 hrs, 33 min 9 hrs, 0 min 13 hrs, 48 min

Source: Mapquest

Commute Times in Central Oregon are Short

Averaging 20 minutes, drive times in Central Oregon are very manageable. Because the Tri-County area workforce is truly regional, it is not unusual for individuals to drive from Sisters to Bend or Bend to Redmond for work. New residents tend to select their desired residential community based on its lifestyle and costs, then find work in the region. Drive time is slightly longer for Crook County and Jefferson County residents—reasonable given the more rural nature and smaller population base of these two counties.

Average 21.9 min

Crook Co.

Average 19.8 min

Deschutes Co.

Average 22.4 min

Jefferson Co.

0%

10%

20%

30%

40%

50%

60%

70%

Less than 5 minutes

10 to 14 minutes

15 to 19 minutes

20 to 24 minutes

30 to 34 minutes

35 to 39 minutes

40 to 59 minutes

60+ minutes

80%

90%

100%

25 to 29 minutes

Source: U.S. Census Bureau

TOPOGRAPHY & CLIMATE Every community in Central Oregon has its own variations of temperature and precipitation, relative to its elevation and proximity to the mountains. The region is known for sun, averaging just two weeks fewer sunny days than San Diego, CA. Interestingly, the region lies on one of the nation’s largest rain gradients: Redmond receives an average of 8.6 inches of precipitation and is only 60 miles from a region in the Cascades that receives over 120 inches.

City

The geographical climate for Central Oregon is predominately High Desert. Summer temperatures range from an average high of 85° to a low of 44° Fahrenheit while winter temperatures range from average highs in the 40s to lows in the 20s. Annual precipitation ranges from 8.5 to 20 inches, falling mostly in the form of snow during winter months.

Prineville

2,868’

Madras

2,242’

Warm Springs

1,575’

Elevation

La Pine

4,300’

Sunriver

4,100’

Bend

3,623’

Sisters

3,200’

Redmond

3,077’

Bend, Oregon Weather Profile Average High (°F) Average Low (°F) Mean (°F) Average Precipitation (inches)

Jan 41° 21° 32° 1.8

Feb 46° 24° 36° 1.0

Mar 51° 26° 38° 0.9

Apr 57° 28° 44° 0.6

May 65° 34° 50° 0.8

Jun 74° 41° 57° 0.9

Jul 81° 45° 64° 0.5

Aug 80° 44° 64° 0.6

Sep 74° 37° 55° 0.5

Oct 64° 31° 47° 0.7

Nov 48° 27° 38° 1.6

Source: CountryStudies.us

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E CONOMIC D EVELOPMENT

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

FOR CENTRAL OREGON

TOP 10 TAXPAYERS Top 10 Taxpayers in 2011 Deschutes County

Crook County

Jefferson County

1

PacifiCorp (PPL)

Brasada Ranch Development LLC

Portland General Electric

2

Gas Transmission Northwest Corporation

Les Schwab Warehouse Center Inc.

Gas Transmission Northwest Corporation

3

CenturyLink

Property & Revenue Tax Manager

PacifiCorp (PPL)

4

Cascade Natural Gas Corp.

Clear Pine Moulding Inc.

Bright Wood Corporation

5

Bend Cable Communications LLC (BendBroadband)

Les Schwab Tire center #11

Warm Springs Power Enterprises

6

Touchmark at Mount Bachelor Village LLC

O’Ryan Ranches LLC

Keith Investments/Manufacturing

7

CVSC LLC (Cascade Village Square Center)

Ochoco Lumber Co.

Safeway, Inc.

8

Sunriver Resort Limited Partnership

Gas Transmission Northwest Corporation

CenturyLink

9

Suterra LLC

Bank of the Cascades

Burlington Northern Santa Fe Railroad

Deschutes Brewery Inc.

CenturyLink

Union Pacific Railroad Company

10

Sources: Local County Assessors

CHAMBERS OF COMMERCE AND OTHER BUSINESS RESOURCES Chambers of Commerce

Other Organizations

Bend Chamber 541-382-3221 bendchamber.org

Prineville/Crook Co. Chamber 541-447-6304 visitprineville.com

Bend Visitor & Convention Bureau 877-245-8484 visitbend.com

Crooked River Ranch Chamber 541-923-2679 crrchamber.com

Redmond Chamber 541-923-5191 redmondcofc.com

Central Oregon Visitors Assoc. (COVA) 800-800-8334 visitcentraloregon.com

La Pine Chamber 541-536-9771 lapine.org

Sisters Area Chamber 541-549-0251 sisterscountry.com

Confederated Tribes of Warm Springs Business and Economic Development 541-553-3468 warmsprings.com

Madras/Jefferson Co. Chamber 541-475-2350 madraschamber.com

Sunriver Chamber 541-593-8149 sunriverchamber.com

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La Pine Industrial Group 541-536-9042 lapineindustrial.org HU

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E CONOMIC D EVELOPMENT

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

FOR CENTRAL OREGON

BUSINESS RESOURCES Organization

Services

Economic Development for Central Oregon (EDCO) | 541-388-3236 | 800-342-4135 info@edcoinfo.com | www.edcoinfo.com

ƒ ƒ ƒ ƒ

Comprehensive assistance to relocating or expanding companies Demographics and other statistics Incentive programs (grants, enterprise zones) Connect early stage companies with investors

Small Business Development Center (SBDC) | 541-383-7290 www.cocc.edu/cbi

ƒ ƒ ƒ ƒ

Confidential business counseling Business/marketing plan development and review Business courses, seminars Market research data through Economic Gardening program

Oregon Business Development Department (OBDD) | 541-388-6266 http://www.oregon4biz.com

ƒ ƒ ƒ

Business loans and grants Workforce training grants International trade assistance

Oregon Employment Department (OED) | 541-388-6070 www.employment.oregon.gov

ƒ ƒ ƒ

Connection point for employees and employers Regional and statewide labor market statistics Oregon unemployment insurance administrators

Central Oregon Intergovernmental Council (COIC) | 541-548-8163 www.coic.org

ƒ ƒ

Business loans and grants Workforce skills training

Opportunity Knocks 541-318-4650 www.opp-knocks.org

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Confidential peer-to-peer problem solving Business seminars

High Desert Enterprise Consortium (HiDEC) | 541-388-3236 www.hidec.org

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Learning tours, industry roundtables Lean training and resources for continuous improvement Business-to-business networking and support

The Business Resource Network (BRN) | 541-388-3236 www.hidec.org

ƒ

Partnership of OED, COCC, COIC, EDCO, and Vocational Rehabilitation Custom solutions to workforce needs

VentureBox 541-409-6560 www.venturebox.org

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ƒ Tech Alliance of Central Oregon www.techallianceco.org

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ƒ Bend Venture Conference (BVC, managed by EDCO) | 541-388-3236 www.bendvc.com 4U

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ƒ Bend Economic Development Advisory Board (BEDAB) | 541-693-2175 www.ci.bend.or.us/index.aspx?page=439

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ƒ Oregon Manufacturing Extension Partnership (OMEP) | 503-406-3770 www.omep.org 4U

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Supports concept and early stage startup companies Intensive, 12-week mentored course designed to help entrepreneurs accelerate their business Access to mentors, subject matter experts, angel investors and VCs, including funding practice Supports technology user groups and provides information on technology groups & members, plus technology-related events Provides small business and startups with resources, like TechSpace Bend, a co-working space Angel investment conference held annually each October Investment prizes awarded to concept and launch stage companies, funded by Central Oregon investors Extensive business plan review and pitching guidance offered for presenting companies Provides input and advice to the Bend City Council and Economic Development for Central Oregon (EDCO) on issues relating to economic development Manages City of Bend resources applied to economic development, including discretionary funds Helps Oregon manufacturers reduce costs, increase sales, and create jobs by becoming more competitive and productive in the global marketplace

Page 19 Last updated 5/31/2012

© Copyright 2012 EDCO


E CONOMIC D EVELOPMENT FOR CENTRAL OREGON

109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135

ABOUT EDCO Origins

EDCO Offices

Economic Development for Central Oregon (EDCO) is a private, nonprofit membership-based organization dedicated to building a strong and secure economic future for Central Oregon. EDCO was founded over 30 years ago when the timber-dependent region was especially hard hit by the national recession in the early ‘80s. City leaders recognized the need to develop an organization that would direct and lead efforts to diversify Central Oregon’s industrial base. Looking to attract jobs that provide family wage incomes and create additional jobs in the economy, EDCO has focused on what are called traded sector companies. These are companies that make products or provide services for customers primarily outside Central Oregon and thus, help enlarge the regional economic pie. To most effectively reach Central Oregon's diverse communities, EDCO operates three satellite offices in addition to its main office.

Main Office (Bend) 109 NW Greenwood Ave. Ste. 102 Bend, OR 97701 | 541-388-3236 Executive Director: Roger Lee Bend Manager: Nate LiaBraaten Redmond 446 SW 7th Street Redmond, OR 97756 | 541-923-5223 Manager: Jon Stark Prineville/Crook County 510 E Lynn Blvd. Prineville, OR 97754 | 541-233-2015 Manager: Jason Carr Madras/Jefferson County 2028 NW Airport Way Madras, OR 97741 | 541-390-3121 Manager: Wayne Pearson

Focus Today, EDCO has three key goals:

EDCO Platinum Members

1.

Recruit traded sector employers to the region. Most traded sector employers come from these sectors: manufacturing, technology, and information services.

2.

Assist existing Central Oregon companies to retain and grow the region’s existing company base. This involves helping companies expand and increasing their productivity and profitability.

3.

Grow Central Oregon’s own local company base by helping its many entrepreneurs with business planning, access to capital, and access to human talent.

Board of Directors EDCO is a membership organization, with roughly half of its funding coming from public entities (counties and cities) and the other half from private companies. The organization is guided by a 36-member board drawn from Crook, Deschutes, and Jefferson Counties and representing a wide variety of industry sectors.

Bend Memorial Clinic BendBroadband Cascade Natural Gas Central Electric Cooperative, Inc. Central Oregon Community College CenturyLink City of Bend City of Madras City of Prineville City of Redmond City of Sisters Crook County Deschutes County Home Federal Bank Jefferson County Mid Oregon Credit Union OSU-Cascades Campus Pacific Power St. Charles Health System U.S. Bank

Page 20 Last updated 5/31/2012

© Copyright 2012 EDCO


Bratton Report March 2013 Compiled by Jeremy Cowan State Certified general appraiser

Information obtained from the MLS of Central Oregon with permission from COAR


BRATTON REPORT 3/12/13 Š Central Oregon Association of Realtors. All Rights Reserved. For the exclusive use of COAR members and their designated clients only.

1

Bend area SFR - Median Price in THOUSANDS Note: Median is the midpoint with half above and half below. $415

$396

Median Price

$372

$365

$380 $362 $354 $376 $349

$345 $356 $346 $312 $330

$315

$366 $350 $330 $358

$355

$332

$328

$330

$337

$343 $339

$318

$313 $320

$289 $289 $305$305 $275 $302

$315

$305 $287

$293

$278

$283

$265

$279 $269

$276

$270

$250 $234 $235

$261 $233 $221 $215

$226

$215

$220

$223 $220

$217

$205$199

$215 $217 $195 $209 $199

$189

$190

$190 $180

$235

$220 $222

May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

$165

$212 $210 $210 $205 $218 $197 $190 $189 $186 $198 $196 $200 $200 $199 $173$170 $186 $175 $184 $168 $166 $210 $205

$248 $248 $230

Month From MLS for Bend area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

2

Bend area SFR - Number of Sales Total sold 12 months prior to report date = 1968 - Total currently listed = 358 Inventory* as of report date = 2.0 Months

Number of Sales

350 296

300 250

292 261 252

257

278 261

249

251

244

248

201

200

200

178 187

150

159 139

141 118

100

154 152

139132

174

159 132

141135

112

144

108

93

112

75

93

119

120

115

97

114

107

81

50

176

152

144 107

97

71 71

56

138 128

93 68

152

152 159

146 102

107

154 152

152 139

107

150

169

176 143 140

134 136 126

132

123

161

152 125 112

133

122

191 177 149 173 173 167 144

172 177

134

113 108

114

68

Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

0

Month From MLS for Bend area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

*Inventory = Current listings divided by prior 12 months' sales, rounded to the nearest whole month.

3 220 200

193 182

180 172

159

140 120 102 100

110 76 8185

80 79 60

143

135

71

108 96

79

91 93 90

86 88

144 139

92

123

129 117

96

153

164

151

160

119 116

141 134

138

140

132

136 136 113

129

124 120

124 114 99

120 107

123 116 110

111 99

95

98

103 91 91

105

92

92

107

96 93 83

94 81

105107

109 100

95

108

102

114 105 112 109 97 98 84 92

111 98 111

98 91

95 84

81

94 92 83

71

Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Median Days on Market

Bend area SFR - Days on Market for Sold Properties

Month From MLS for Bend area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 1 - Bratton Report

3/12/2013


150

0 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Number of Permits Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Median Price per SF

4 Bend area SFR - Median Sales Price per SF

$215

$190 $184 $206

$168 $181

$165

$152 $146 $140 $147 $134

220 200 206 190

169 144

118 $181 $185 $177

152

133 159 142 148 150

100 98 $188

$161 $168 $168 $162 $154 $161

$198 $198$188 $183 $183 $176 $179 $187$178 $179 $177$167 $160 $162 $163

5

114

50 82 63 74

42 38 44 71 76 78 64 54 $159

44 42 $166 $157 $155 $153

26 $156

$115 $152 $125 $139 $133 $119 $110 $126

$90 $130 $129 $122 $121 $121 $116 $113 $114 $110 $123 $108 $109 $118 $122 $111$112 $107 $115 $108 $105 $113 $109 $112$112 $99 $113 $110 $106 $106 $95 $109 $104$104 $105 $97 $99 $102 $103 $99$104 $94 $99 $101

41

34 29 11 41

26 30 1723 28

Page 2 - Bratton Report $118$114 $116

$143

From MLS for Bend area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Month

Bend area SFR - Building Permits

250

211 191

163 165

155

72

40 38 33 30 37 2519 26 23 12 814 11131420 138 20 171822 18 16 13 7 7 16 1111 34 18 32 1210 720 20 2821 18 20 18 13 28

NEW SINGLE FAMILY DETACHED. Not Including single family attached, multifamily or mobile homes

Month

3/12/2013 60

57 45 57 52 50 39 41 35


Bend area SFR: # Sales vs. Current Listings 450

441

# Sales last month (Feb) # Sales last 12 months

400

Currently Listed 349

350

318

300

249

250

199

200

150 137

100

100

63

59

56

50

45

43

36

30

31

33

12

3

12

13

27

21

20

19 7

28 16

11

15 14

11

7 1

0

24

15

12 8

10

10

3

1

1 9

1

0

1

0

$500 $550K

$550 $600K

$600 $650K

$650 $700K

$700 $750K

$750 $800K

$800 $850K

8 3

0

2

0 1 5

0 3

2

1

4

0 0 - $100K

$100 $150K

$150 $200K

$200 $250K

$250 $300K

$300 $350K

$350 $400K

$400 $450K

$450 $500K

$850 $900K

From MLS for Bend area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 3 - Bratton Report

3/12/2013

$900 $950K

$950 - $1 Mill

$1 Mill+


7

Redmond area SFR - Median Price in THOUSANDS Note: Median is the midpoint with half above and half below. $300

$289 $280 $275

Median Price

$260

$260 $249 $276$274$260 $259$257 $247 $252 $262 $263 $252$256 $230 $225 $250 $223 $224 $244 $225 $223 $221 $215 $204 $202

$275

$250

$261 $219

$232

$223

$216

$200$192 $195

$238

$214 $230 $198

$190 $177$174 $180 $162 $151 $155 $175 $155 $156 $145 $140 $159 $153 $137 $142 $149 $127 $130 $129 $132 $139 $139 $140 $143 $123 $122$120 $122$115 $117 $120 $129 $131$132 $126 $126 $113 $122 $122$122 $120 $100 $108 $100 $102 $120 $114$120 $100 $112 $106

$170

$150

$223

Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

$100

Month From MLS for Redmond area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

8

Redmond area SFR - Number of Sales Total sold during 12 months prior to report date = 630 - Total currently listed = 147 Inventory* as of report date = 3 Months

Number of Sales

175 150 126 125 107 100

124 103 104

121 103 97

94

98

104

75

95 90 89 82

68 55

7773

50

59

56

46

40 55 49

52

25

51

48 31

38

34

33

39 27

30

52 42

41 38 41

32

42

24 27

24

39

35

40

83

72

70

78 62

6962

6461

50

60

51

34

66

58

53 51 47

47

46

70

63

56

58 60 44

61

56

64

61

54 40

35

48 47 43

72

59 61 56

52

46 43 43

37

32

21

Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

0

Month From MLS for Redmond area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change. *Inventory = Current listings divided by prior 12 months' sales, rounded to the nearest whole month.

9 200

198

180 176 154 146 140 116

120

103111 99

100 99 80

119

140 141

124

115 103

89 60

154 157

154

160

135 114 106

107

97 89 86 80

125 118 106

135 124 107

154 138

131

128

129 119 109 116

122

121

138 118

119

116 110 111 114 106 99

110

115

96

110

69

106

92 91

111

80

84

83 82

115

101

114

117

115113112

98 95

90 72

129

123

101103

99 85

84 61

96

92 90

83

89 71

123 114 87

80 70

Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Median Days on Market

Redmond area SFR - Days on Market for Sold Properties 220

Month From MLS for Redmond area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 4 - Bratton Report

3/12/2013


60

20

0 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Number of Permits Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Median Price per SF

10 Redmond area SFR - Median Sales Price per SF

$200

$180

$164

$171 $175 $178 $163 $159 $155 $154$154$160 $160 $153 $153 $160 $158 $159 $141 $137 $138 $135 $148 $137 $150 $152 $140 $132$130 $148 $143 $131 $146 $135 $131 $121 $118 $120 $130 $124 $127 $120 $123 $118 $117 $103 $116 $114 $108

$100 $93

$80

11

80

95

64 69

57 79

60 5863 53 50 59

40

47 50

37 39 30 26 40 36 27 23 24 28 18

16 15 21

16 15 9 1313 17 10 5 12 4 3 $91 $86 $84 $90 $88$86 $87 $87 $82

9

$92

$60

3 21 3 32 6 12

Page 5 - Bratton Report 3 61

$85

$78

$97 $98 $94 $90 $89 $93 $83 $89 $80 $79 $76 $76 $75$75 $78 $74 $82 $80 $80 $71 $72 $75 $75$76 $76 $74 $75 $74 $71$77 $70 $69 $64 $65 $67 $68 $64

7 6 910 6

3/12/2013

$77

From MLS for Redmond area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Month

Redmond area SFR - Building Permits

100

93

72

47

22 2223

12

2 22 3 8 6 7 7 611 7 6 5 4 3 6 2 1 1 2 0 2 1 0 1 4 44 8 0 2 0 20 5

NEW SINGLE FAMILY DWELLINGS. Not Including single family attached, multifamily or mobile homes

Month


12

Redmond area SFR: # Sales vs. Current Listings

250

# Sales last month (Feb) 223

# Sales last 12 months Currently Listed 200

164

160

150

100

50 38 31

21

5

7

21

2620

16

15

14

10

8

4

3 0 0 - $100K

$100 $150K

$150 $200K

$200 $250K

10

9

0

0

0

$250 $300K

$300 $350K

$350 $400K

4 01

0

$400 $450K

$450 $500K

6

4

1

02

0

$500 $550K

$550 $600K

0 1

$600 $650K

1

0

0 0

$650 $700K

0 0

$700 $750K

0

0 0

$750 $800K

2

0 0 1

$800 $850K

0 0 0

$850 $900K

From MLS for Redmond area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 6 - Bratton Report

3/12/2013

0

0

$900 $950K

1

0

0

0

$950 - $1 Mill

0 0 1

$1 Mill+


Smaller Market Monthly Report for the Month of February 2013 The following graphs, #13 - #27, cover smaller market areas and therefore the graphs use quarterly figures. However, the numbers on this page represent the most recent month's sales data for these areas

SISTERS Median Price SFR in Thousands = $236 Number of SFR Sales = 10 Days on Market for Sold SFR = 145 Current Inventory* = 9 Months SUNRIVER Median Price SFR in Thousands = $353 Number of SFR Sales = 7 Days on Market for Sold SFR = 121 Current Inventory* = 7 Months LaPINE Median Price SFR in Thousands = $147 Number of SFR Sales = 5 Days on Market for Sold SFR = 60 Current Inventory* = 5 Months JEFFERSON COUNTY & CRR Median Price SFR in Thousands = Number of SFR Sales = Days on Market for Sold SFR = Current Inventory* =

$85 4 61 4 Months

CROOK COUNTY Median Price SFR in Thousands = Number of SFR Sales = Days on Market for Sold SFR = Current Inventory* =

$79 16 130 4 Months

From MLS system. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change. *Inventory = Current listings divided by prior 12 months' sales, rounded to the nearest whole month.

Page 7 - Bratton Report

3/12/2013


60

97

204205

138

132

134

234

127

Quarter Month

117

101

From MLS for Bend area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Month Quarter

Page 8 - Bratton Report

160

174 166

134

127

135

3/12/2013 146

133 169

From MLS for Sisters area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

28

242

202 177

123

4th Q 2012

22

3rd Q 2012

23

2nd Q 2012

19

1st Q 2012

24

4th Q 2011

26

3rd Q 2011

26

2nd Q 2011

1st Q 2011

16 18

4th Q 2010

25

3rd Q 2010

29

2nd Q 2010

9

1st Q 2010

11

4th Q 2009

20 19

3rd Q 2009

24

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

$240

19

4th Q 2012

117 131 119141 120 115 120 121 122 136 101 99 113 97 100 85 80 75 82 94 92 81 88 80 86 98 72 87 80 60 30

$210 $191

3rd Q 2012

143 32

$292

2nd Q 2012

139 139 137 1st Q 2006

$150

$173

1st Q 2012

24 15 23

Quarter

$239 $195

4th Q 2011

140

$189

3rd Q 2011

160

$247 $215

2nd Q 2011

160

$280

1st Q 2011

180

198 194 170 16 21

$296

4th Q 2010

180

30 $322

3rd Q 2010

200 4th Q 2005

$200

2nd Q 2010

200 3rd Q 2005

$250

1st Q 2010

220

25 $370

4th Q 2009

220

$325 $351

3rd Q 2009

2423 18 45 23 17 14 15 13 13 17 30 1728 18 15 8 6 13 12 11 88 4 $383

2nd Q 2009

00

$408

1st Q 2009

10 5

$420

2nd Q 2009

80 $350

$445 $470

4th Q 2008

2 14 $445

1st Q 2009

100 $300

$481

3rd Q 2008

20 10

$422

2nd Q 2008

35 39 60 30 32 50 30 25 4026 20 153917 30 15

32 17 $424 $386

4th Q 2008

120 $450

3rd Q 2008

140 $500

2nd Q 2008

240 $400

2nd Q 2005

1st Q 2005

Median Price $600

1st Q 2008

Number Number of Sales of Sales 40 70

1st Q 2nd2nd Q 2005 Q 2005 2005 3rd 4th Q Q 2005 2005 1st Q 2nd Q 2006 2006 3rd Q Q 2006 2006 3rd 4th Q 2005 1st Q 2nd Q 2007 2007 3rd Q 2007 4th Q 2007 1st Q 2008 Q 2008 4th2nd Q 2005 3rd Q 2008 4th Q 2009 2008 1st Q 2nd Q 2009 2009 3rd Q Q 2010 2009 1st 4th Q 2006 1st Q 2nd Q 2010 2010 3rd Q 4th Q 2011 2010 1st Q 2nd Q 2011 3rd Q 2011 2nd 4th Q 2006 Q 2011 1st Q 2nd Q 2012 2012 3rd 4th Q Q 2012 2012 1st Q 3rd2nd Q 2006 Q 2013 2013 3rd 4th Q Q 2013 2013 1st Q 2014 2nd Q 2014 2014 3rd Q Q 2015 2014 4th 4th Q 2006 1st Q 2nd Q 2015 2015 3rd Q 4th Q 2015 1st Q 2016 Q 2016 2016 1st2nd Q 2007 3rd Q 4th Q 2017 2016 1st Q 2nd Q 2017 3rd Q 2017 4th Q 2017 1st Q 2nd2nd Q 2007 Q 2018 2018 3rd 4th Q Q 2018 2018 1st Q 2nd Q 2019 2019 Q 2019 3rd 3rd Q 2007 4th Q 2019 1st Q 2020 2nd Q 2020 3rd Q 2020 1st Q 2nd Q 2021 2021 4th 3rd Q 2007 Q 4th Q 2021 2021 1st Q 2nd Q 2022 2022 3rd Q 2022 4th Q 2022 Q 2023 1st 1st Q 2008

1st Q 2005 2nd Q 2005 1st Q 3rd 2005 4th Q 2005 1st Q 2006 2nd Q 2006 3rd Q 2006 4th Q 2006 2nd 2005 1st Q 2007 2nd Q 2007 3rd Q 2007 4th Q 2007 1st Q 2008 2nd Q 2008 3rd Q Q 2008 2005 3rd 4th Q 2008 1st Q 2009 2nd Q 2009 3rd Q 2009 4th Q 2009 4th Q 2010 2005 1st Q 2nd Q 2010 3rd Q 2010 4th Q 2010 1st Q 2011 2nd Q 2011 1st Q 2006 3rd 2011 4th Q 2011 1st Q 2012 2nd Q 2012 3rd Q 2012 4th Q 2012 2nd 2006 1st Q 2013 2nd Q 2013 3rd Q 2013 4th Q 2013 1st Q 2014 2nd Q 2014 3rd Q 2014 2006 4th Q 2014 1st Q 2015 2nd Q 2015 3rd Q 2015 4th Q 2015 1st Q 2016 4th 2006 2nd Q 2016 3rd Q 2016 4th Q 2016 1st Q 2017 2nd Q 2017 3rd 1st Q Q 2017 2007 4th Q 2017 1st Q 2018 2nd Q 2018 3rd Q 2018 4th Q 2018 1st Q 2nd Q 2019 2007 2nd Q 2019 3rd Q 2019 4th Q 2019 1st Q 2020 2nd Q 2020 3rd Q 2020 3rd 2007 1st Q 2021 2nd Q 2021 3rd Q 2021 4th Q 2021 1st Q 2022 2nd Q 2022 4th Q 2007 3rd 2022 4th Q 2022 1st Q 2023

45

1st Q 2005

Median Days on Market Median Days on Market

13 Sisters area SFR - Median Price in THOUSANDS

$700 Note: Median is the midpoint with half above and half below.

$650

$550

$580

$380 $325 $325 $267 $260

From MLS for Sisters area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

NOTE: Some changes in median price in the above graph may be due to the small number of data points instead of actual market changes.

Total soldTotal during sold 12prior months 12 months prior to=report 1360 date - Total = 101 currently - Totallisted currently = 1262 listed = 65 Supply* = 11 Months

Sunriver Sisters area area,SFR SFR- -Number NumberofofSales Sales

50

47 45

60

29 20

27 27

From MLS for Sisters Bend area. area.Single Singlefamily familyresidential, residential,not notincluding includingcondos, condos,townhomes, townhomes,manufactured manufacturedhomes homesand andacreage. acreage.Data Datasubject subjecttotochange. change.

260

Sisters area Sunriver SFR -area, DaysSFR on Market - Days for on Sold Market Properties

236

181 205

154 161

122

110

76


16

Sunriver area SFR - Median Price in THOUSANDS Note: Median is the midpoint with half above and half below. $700

$628

$628

$600

$575

$504

$513

$455

$490

$450

$450

$420

$402

$350

$360

$383 $343

$380 $379

$380

$365

$350 3rd Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

1st Q 2009

2nd Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

1st Q 2005

2nd Q 2011

$330

$300

$365

$324 4th Q 2012

$527

3rd Q 2012

$525

$539 $534

2nd Q 2012

$518

1st Q 2012

$525

4th Q 2011

$482 $479

$500

$400

$593 $550

$547

$550

1st Q 2011

Median Price

$650

Quarter From MLS for Sunriver area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

NOTE: Some changes in median price in the above graph may be due to the small number of data points instead of actual market changes.

17

Sunriver area SFR - Number of Sales Total sold during 12 months prior to report date = 142 - Total currently listed = 84 100

58 45 23

26

22 21

17

25 22 25

4th Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

14 1st Q 2010

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

1st Q 2005

20 27

4th Q 2009

17

11

0

23

18

3rd Q 2009

26

29

2nd Q 2009

36

1st Q 2009

33

4th Q 2008

40

38 20

43

40

36

32

2nd Q 2012

36

3rd Q 2012

51

50

51 55

2nd Q 2008

40

3rd Q 2008

60

1st Q 2008

Number of Sales

80

Quarter From MLS for Sunriver area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Sunriver area SFR - Days on Market for Sold Properties 280

273

260

265

240

228

220

193

200

206 190

160

134

127

120

97

100 80 60

190

188

147

167

140

233 196

185

178

172

180

72

64

40

68

85

101

68

59

119

118

117

95

106

71

60

Quarter From MLS for Sunriver area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 9 - Bratton Report

3/12/2013

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

1st Q 2007

2nd Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

20 1st Q 2005

Median Days on Market

18


19

LaPine area SFR - Median Price in THOUSANDS Note: Median is the midpoint with half above and half below.

$291

$264

$270

$220

$191 $162 $155

$137

$130

$130

$142 $121 $105 $102$118 $127 $91

$144 $115 $87 $85 $75

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

$70 1st Q 2005

$105

$93

$95

$85

4th Q 2012

$185

$157

3rd Q 2012

$184

$189

$197 $193

2nd Q 2012

$120

$165

$158

1st Q 2012

$170

4th Q 2011

Median Price

$320

Quarter From MLS for LaPine area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

NOTE: Some changes in median price in the above graph may be due to the small number of data points instead of actual market changes.

20

LaPine area SFR - Number of Sales Total sold during 12 months prior to report date = 72 - Total currently listed = 30

45

45

40

47

39

35

29

8 8

13

17

13

17

12

11 4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

3rd Q 2009

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

23 18

18

15

4

0 1st Q 2005

8

6 2nd Q 2009

5

14

20

13

17

1st Q 2009

15

4th Q 2008

15

10

3rd Q 2008

15

17

2nd Q 2010

26 17

20

24

23

30

1st Q 2010

32

25

4th Q 2009

30

2nd Q 2008

Number of Sales

50

Quarter From MLS for LaPine area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

LaPine area SFR - Days on Market for Sold Properties 240 220

204

205

200

160 140

198

194

180

160

177

170

139

139

143

141

120

117

100

138

115 120

137 119

101

121

99

97 86

85

72

60

122

113

88

80

92

80

81

82

75

Quarter From MLS for LaPine area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 10 - Bratton Report

3/12/2013

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

40 1st Q 2005

Median Days on Market

21


22

Jefferson County & Crooked River Ranch SFR - Median Price in THOUSANDS Note: Median is the midpoint with half above and half below.

$210

Median Price

$190

$164 $160 $142

$155

$130 $127

$114

$110

$159

$179

$170

$146

$150

$183

$180

$170

$167

$170

$133

$100

$115

$95 $95 $87

$80

$90 $70

$73

$61 $66

$72

$78

$70 $55

$80 $80

$69 $67

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

1st Q 2005

2nd Q 2005

$50

Quarter From MLS for Jefferson County & CRR areas. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

NOTE: Some changes in median price in the above graph may be due to the small number of data points instead of actual market changes.

23

Jefferson County & Crooked River Ranch SFR - Number of Sales Total sold during 12 months prior to report date = 98 - Total currently listed = 27

Number of Sales

100 90 80

86

70

61

60 50

57

56

61

55

30

49

45

40

41

37

36

21

23

20

20

14

20 24

21

20

33

25

29

15

24

1019

37

32

25

20

26 20

15

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

1st Q 2005

2nd Q 2005

0

Quarter From MLS for Jefferson County & CRR areas. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Jefferson County & Crooked River Ranch SFR - Days on Market for Sold Properties

210 190

170

170

145

150 130

126

115

90

90

158

134

157

140

98

134

126 111

88

165 151

133

107

110

100

95

113

110

101

100

83

93

97

90

70

60

73

81

Quarter From MLS for Jefferson County & CRR areas. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 11 - Bratton Report

3/12/2013

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

4th Q 2011

51

50 1st Q 2005

Median Days on Market

24


25

Crook County SFR - Median Price in THOUSANDS Note: Median is the midpoint with half above and half below.

Median Price

$250

$226

$230 $210

$209

$203

$130

$167

$198

$170 $150

$210 $207

$216

$190

$155

$173

$170 $176

$130 $143

$182 $124 $110 $110 $110 $130 $95 $99

$110

$85 $87

$90

$102

$87 $79 $71 $75 $82

$105$105

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

1st Q 2010

2nd Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

1st Q 2005

2nd Q 2005

$70

Quarter From MLS for Crook County area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

26

Crook County SFR - Number of Sales Total sold during 12 months prior to report date = 197 - Total currently listed = 79 130

105 79 55 39

56

50

57

52

47

49

43

40

17

4th Q 2012

3rd Q 2012

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

21 3rd Q 2009

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

44

30 20

10 1st Q 2005

40

36

45

57

48

52

2nd Q 2009

37

1st Q 2009

30

4th Q 2008

62

3rd Q 2008

59

2nd Q 2008

50

73

65

64

1st Q 2012

88

2nd Q 2012

99

70

4th Q 2011

96

1st Q 2008

Numb er of Sales

90

3rd Q 2011

110

Quarter From MLS for Crook County area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Crook County SFR - Days on Market for Sold Properties 200 180

149

160

139

140

138

134

139

117 120 100

80

80

105

116

107 89

82

77

112

107 94

82

74

71

54

121 109

109

97

90

102 92

71

60

88

88

82

77

40

Quarter From MLS for Crook County area. Single family residential, not including condos, townhomes, manufactured homes and acreage. Data subject to change.

Page 12 - Bratton Report

3/12/2013

4th Q 2012

3rd Q 2012

2nd Q 2012

1st Q 2012

4th Q 2011

3rd Q 2011

2nd Q 2011

1st Q 2011

4th Q 2010

3rd Q 2010

2nd Q 2010

1st Q 2010

4th Q 2009

3rd Q 2009

2nd Q 2009

1st Q 2009

4th Q 2008

3rd Q 2008

2nd Q 2008

1st Q 2008

4th Q 2007

3rd Q 2007

2nd Q 2007

1st Q 2007

4th Q 2006

3rd Q 2006

2nd Q 2006

1st Q 2006

4th Q 2005

3rd Q 2005

2nd Q 2005

20 1st Q 2005

Median Days on Market

27


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