Date Archives: November 2019

I Sell Sunriver Blog Home

rss logo RSS Feed
Finance | 1 Posts
Golf | 1 Posts
Lifestyle | 2 Posts
Mortgages | 1 Posts
Sunriver Owners | 2 Posts

Subscribe and receive email notifications of new blog posts.




November
27

Recreational Marijuana Became Legal in Central Oregon

Recreational Marijuana in Central Oregon

On July 1, 2015, recreational marijuana became legal in Oregon for adults 21 and over. It's important to know the facts. Included below are the state rules for recreational marijuana, as well as local regulations in Central Oregon cities and counties related to the sale and distribution of marijuana. Local regulations impacting the commercial side of the cannabis industry vary by city so be sure to check with yoru jurisdiction to determine what is permissible.

21+ = Legal age to possess, use and buy

4 = Plants permitted per property

8 = Ounces of usable marijuana permitted in one's home

1 = Ounce allowed "on your person"

Public use of marijuana is illegal, allowed only at home or on private property

Recreational law does not affect existing landlord/tenant laws

Plants must be grown out of public view

Marijuana can not be takne into other states, like Washington and vise-versa.

County/ City guidelines
Bend - Licensed recreational marijuana facilities allowed within the City
Deschutes County - Growing, processing and retail allowed in unicorporated areas
Jefferson County - Medicinal only- prohibits licensed recreational marijuana facilities
Madras - Licensed recreational marijuana facilities allowed within the City
Redmond - Prohibits licensed recreational marijuana facilities
Crook County - Prohibits licensed recreational marijuana facilities
Harney County - Prohibits licensed recreational marijuana facilities, but permitted in Hines
LaPine - Licensed recreational marijuana facilities allowed within the City
Prineville - Prohibits licensed recreational marijuana facilities
Sisters - Prohibits licensed recreational marijuana facilities

 

Disclaimer: This FAQ created by COAR and is meant to serve as a guide based on current and available information. It is not a complete list of policies or requirements. Retail/ Commercial applicants must work with local governments and meet specific requirements. For complete policies and regulations pertaining to marijuana in your city or county, please contact your local government. For more information on state law, visit oregon.gov/olcc/marijuana

Information provided by: COAR

November
27

Bend Oregon Inclusionary Zoning FAQ

Inclusionary housing

Definition
Inclusionaryzoning(or inclusionary housing as it is alsoknown)is a term which refers tomunicipal and county planningordinancesthat require a given share of newconstruction to be affordable forpeople with low to moderate incomes.

Issue Overview
Inclusionary Zoning is an impactful policy, the effects of which could be detrimental to central Oregon communities within thecontext of thecurrent affordable housing crisis. Price-controlling a designated amount of units within a specified area will ultimately result in the opposite of the desired effect –pricing out the middle-class buyer and creating a steep entrance into the housing market.

Until recently, a statutory preemption existed in Oregon which banned Inclusionary Zoning. However, during the 2016 short session, state lawmakers approved a package of housing legislation that included a bill which reverses the 17-year ban on Inclusionary Zoning. This bill –SB 1533B –provides the limited ability for cities to require somelarge multifamily developments, including workforce housing, if the city adopts the requiremen

What's in the bill?
Specific provisions of the bill include:
Requirements may be imposed on developments of 20 units or more of multifamily developments with at least three adjacent units within a development.

Jurisdictions may require that up to 20% of units be affordable at 80% of AMI or above. Jurisdictions must offer developers the option of paying an in-lieu fee, and at least one of several incentives related to the requirement of affordable housing. Requirements and incentives may be determined by each locality.

Communities may offer voluntary incentives designed to encourage affordability in addition to or independently of affordability requirements.SB 1533 also provides cities and counties with the option to create a dedicated revenue source through the imposition of a construction excise tax to offsetthe costs of creating affordable homes within their communities.Residential construction fees must be capped at 1% of permit value and 100% of revenues must be dedicated to affordable housing

The Loophole
A significant loophole currently exists in Inclusionary Zoning that extends the policy's reach in the case of annexation. The loophole essentially allows a city to require whatever amount of Inclusionary Zoning it desires when land is annexed into the city.

What's next?
The passage of SB 1533B and the subsequent lifting of the ban on Inclusionary Zoning gives Oregon cities the option to adopt Inclusionary Zoning policies. So it is now up to city councilsto determine whether or not –or to what degree –their city adopts Inclusionary Zoning policies.

COAR's Position
We recognize that compromise is necessary in order to pass legislation that addresses the affordability crisis while also protecting the interests of developers and REALTORS®. However, it is COAR's position that Inclusionary Zoning is a detrimental policy that will ultimately increase the price for homebuyers and decrease both the seller's bottom line and the supply of homes.COAR maintainsits opposition to Inclusionary Zoning and will oppose the efforts of any cities within itsjurisdiction that attempt to adopt Inclusionary Zoning as permitted by SB 1533B, as well attempts to extend the policy's reach through annexation

Resources
For more information on Inclusionary Zoning, reference the following resources:

Bento, A., Lowe, S., Knaap, G-J., & Chakraborty, A. (2009). Housing Market Effects of Inclusionary Zoning. Cityscape: A Journal of Policy Development and Research, vol. 11 (2). p. 7-26. -click here

High, A. (2016, February 21). Letter: Inclusionary zoning is not right for Bend. The Bulletin. Retrieved from http://www.bendbulletin.com/opinion/4006839-151/letter-inclusionary-zoning-is-not-right-for-bend 

Means, T. & Stringham, E. P. (2012). Unintended or intended consequences? The effect of belowmarkethousing mandates on housing markets in California. Department of Economics, San Jose State University; School of Business and Economics, Fayetteville State University. -click here

Poverty & Race Research Action Council. (2014). Inclusionary Zoning: A Selected Annotated Bibliography. -click herePowell, B. & Stringham, E. (2005). The Economics of Inclusionary Zoning Reclaimed: How Effective are Price Controls? Florida State Law Review, vol. 33:471. p. 471-499. -click here

Schuetz, J., Meltzer, R., & Been, V. (2008). Silver Bullet or Trojan Horse? The Effects of Inclusionary Zoning on Local Housing Markets. Furman Center for Real Estate & Urban Policy. -click here

Theriault, D. C. (2016, March 17). Kate Brown signs bills on affordable housing rules, renter relief. The Oregonian. Retrieved from http://www.oregonlive.com/politics/index.ssf/2016/03/kate_brown_signs_bills_on_affo.html -click here

Article provided by: Central Oregon Association of Realtors (COAR)

 
November
13

Central Oregon Real Estate Market Update

The real estate housing market in Bend was still going strong in October with a median sales price per sq. ft for single family residence of $254, that's up from the previous month when it was t $231. Days on market for sold properties increased a bit from 77 to 86 days in October.
Sales did slow in September from 252 the previous month to 213 and then shot back up in October to 220 sales.  Amazing enough the median sales price is higher in October at $471 than it was in July at $470.

Now is a great time to put your home on the market if you wanting to sell, the market is still strong and there is less inventory.

Bend real estate market

In bend if your looking for a home under $300k there is not much to choose from, only 4 homes on the market between $250 - $300 and there is none under the $250 price point. Even the $300-$350 price point there is little to choose from with only 35 homes on the market.

If your looking for a bit more affordable housing Redmond is great option with the median sales price at $327 and the price per sq.ft at $197.  Redmond is growing like crazy, with the prices in Bend jumping up people are looking at Redmond. Building permits in October increased from 45 the previous month to 56 in October, Bend's permits fell from 51 to 25 in October.

There are not as many sales in Redmond as there were Bend but the sales increased from the previous month at 88 to 90 in October and the days on market has been holding the last three months at an average of 73 days.

Redmond real estate market

Sisters average sales price has fallen under Bend and is now at $419 with an average of 104 days on the market and a current inventory of five months.

In Sunriver the current inventory is an average of 4 months and a median sales price of $550, days on market art holding at 104 days. We are finding in the Sunriver market if the home has any updates and is price competitively, they are selling very quick and sometimes with multiple offers.

Real estate in La Pine continues to amaze us, the price of housing has jumped, the media sales price is $257 with 113 days on the market and 5 months inventory. La Pine is now being looked at as the alternative place to live with Bend and Redmond's housing prices rising. Watch the market in La Pine because I don't think you will see this area's prices doing anything but going up.

If you would like to view/ search all properties in the Central Oregon check out our website at www.isellsunriver.com

View the whole real estate update report here.

 

 

Login to My Homefinder

Login to My Homefinder