Vacation rental report 9 2013

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Bend, Oregon. The Central Oregon mountain town that has it all. Tucked neatly between the snow covered peaks of the Cascade Mountains and the inspiring high-desert plateaus of Central Oregon, Bend Oregon has evolved from a sleepy lumber town to an international mecca for outdoor enthusiasts and people in search of active and healthy vaca- tion experiences and tourist attractions. A warm inviting mountain getaway with a cosmopoli- tan appeal is what you'll find when you arrive in the friendly town of Bend, Oregon. Majestic snow-capped peaks permeate the high-desert skyline making for some of the best weather in Oregon—think sun-drenched days and cool nights—along with endless options for plenty of play time. Golfing, fishing, biking, rafting, skiing, and snowboarding are just a few of the out- door adventures you can tackle in a weekend or a week. Dubbed the "outdoor playground of the West" for a thousand good reasons, Bend is world famous for both its outdoor pursuits and pristine beauty. You can catch an art exhibit, dine at an award winning restaurant, spoil yourself at one of our many spas, or summit South Sister, the state's third highest peak. What will your Bend adventure be? 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 beau- tiful 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. PDF processed with CutePDF evaluation edition www.CutePDF.com PDF processed with CutePDF evaluation edition www.CutePDF.com

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Transcript of Vacation rental report 9 2013

Page 1: Vacation rental report 9 2013

Bend, Oregon. The Central Oregon

mountain town that has it all.

Tucked neatly between the snow covered peaks of the Cascade Mountains and the inspiring high-desert plateaus of Central Oregon, Bend Oregon has evolved from a sleepy lumber town to an international mecca for outdoor enthusiasts and people in search of active and healthy vaca-tion experiences and tourist attractions. A warm inviting mountain getaway with a cosmopoli-tan appeal is what you'll find when you arrive in the friendly town of Bend, Oregon. Majestic snow-capped peaks permeate the high-desert skyline making for some of the best weather in Oregon—think sun-drenched days and cool nights—along with endless options for plenty of play time. Golfing, fishing, biking, rafting, skiing, and snowboarding are just a few of the out-door adventures you can tackle in a weekend or a week. Dubbed the "outdoor playground of the West" for a thousand good reasons, Bend is world famous for both its outdoor pursuits and pristine beauty. You can catch an art exhibit, dine at an award winning restaurant, spoil yourself at one of our many spas, or summit South Sister, the state's third highest peak. What will your Bend adventure be? 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 beau-tiful 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.

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Situated on the eastern edge of the Cascade Range along the Deschutes River, Bend straddles forested mountain highlands and high desert plateaus, offering a diverse range of scenery and outdoor activities. The largest city in Central Oregon, Bend is the commercial, recreation and social center of the tri-county region and also serves as the county seat of Deschutes County. It covers 32 square miles and sits at an elevation of 3,625 feet. Bend is noted for its scenic setting, year-round recreational activities, and a growing economy where job growth has mostly kept pace with rapid population growth.

Population It’s hard to imagine that at the point of the 2000 U.S. Census, Bend had just crossed the 50,000 population mark with 52,029 residents. Eight short years later, the city surpassed the 80,000 mark with 80,995 residents.

Bend has a deserved reputation for attracting lifestyle migrants – urban dwellers those who seek amenities typically associated with a larger metropolitan area but yearn for the recreational pur-suits of the great outdoors, a beautiful setting, and an accessible community feeling. As such, the city attracts families and entrepreneurs from all of the West Coast metro areas and some from other major population centers. Many residents remark that for its population size, Bend has retained its small town atmosphere and 'feels' smaller than its actual size would sug-gest. Bend has been adopted as a gateway by for many outdoor sports, including mountain bik-ing, skiing and snow boarding, dog racing, fishing, hiking, rock climbing, water-water rafting, and golf, by professionals and amateurs alike. There is also a sizable cluster of individuals drawn to Bend for artistic pursuits, ranging from photography to sculpture, from water color to metal working.

Development Economically, Bend started as a logging town, but began a transition to a more varied, sustain-able economy in the 1980s when it became apparent that the lumber mills would no longer be vital. Economic Development for Central Oregon (EDCO) was born in those dark days of the ‘80s that long time residents describe as a time when many downtown businesses were boarded

up.

Far from an “Aspen” or “Jackson Hole”, Bend’s lifestyle and quality workforce is a draw for many successful companies in the aviation, manufacturing, renewable energy, high-tech, and recreation equipment sectors. Many of Bend's companies are owner-operated and in the small to midsize range, typically with 10 to 50 employees. Companies like Cessna-Bend, Breedlove Guitars, PV Powered, G5 Search Marketing, Deschutes Brewery and Bend Research provide solid employment and bring in vital traded-sector dollars to Bend’s economy. Further, because the city has attracted significant managerial and C-level talent, the area has been a hotbed of entrepreneurial activity in technology, biosciences, renewable energy, and related fields with small business start-ups.

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Central Oregon is home to 28 golf courses, some are private, but most are open to the public. Personally I am a “hacker”, and I enjoy the game, but I do not play very often. I have enjoyed many of the courses and can say that they all are quite beautiful and many are very challenging. There are several great websites you could visit to get more information about the area. Start with www.GolfCentralOregon.com.

Premier Year-Round Golfing

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Bend Courses

Central Oregon Courses

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Plentiful Shopping and Boutique Stores

Bend Oregon Shopping Malls, Centers, Bend Outlet Stores, Shops and Districts Downtown Bend

Downtown Bend is an incredible shopping experience. The historic district is a wonderful mix of new architecture and restored buildings housing art galleries, boutiques, gift and specialty stores. Each month, you can admire the work of local artists as you sample fine wine during the First Friday Art Walk. You'll absorb the rustic feel of the downtown architecture, taking a break for lunch at a memorable delicatessen and discovering exactly what you've been looking for, all over a panoramic view of Mirror Pond with a Cascade peak backdrop.

Old Mill District

Take a stroll around Bend, Oregon's tribute to its timber town heritage. Fifty years ago you would've heard the sawmills humming and watched lumberjacks balancing on logs floating down the Deschutes river. Today, you'll discover an exciting shopping, dining and entertainment district called the Old Mill District. Here you'll encounter top of the line apparel and goods, dine at nationally recognized restaurants, watch the latest blockbuster film and have a chance to see your favorite musician perform their tunes at the Les Schwab Amphitheater. Rent a bike or a surrey to explore the paved path along the river at the pump house across from Flatbread. It's a place where the past meets the future while celebrating the natural environment of Bend.

Cascade Village Shopping Center

Spend a day shopping outdoors. The Cascade Village Shopping Center offers the variety of city shopping but with the beauty of Bend. Located off of Highway 97 and featuring an outstanding collection of famous name stores like Best Buy, Trader Joe's, Ross and JCPenny to name a few, plus unique local shops and eateries--don't miss the yummy Italian at Carino's or Little Pizza Paradise--the Cascade Village Shopping Center is the place to find whatever you may be look-ing for.

Bend Factory Outlets

Some people say that if you want quality, you've got to pay for it. Well, not here! Get a smoking deal at unbelievable prices on name brand goods including Columbia Sportswear, Nike, Eddie Bauer, Puma, and Coach to name a few. The

stores are conveniently located on south Highway 97.

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Bend River Promenade

The Bend River Promenade offers the perfect blend of familiar name stores like Macy's, Kohl's and TJ Maxx, unique specialty shops and family restaurants. From gifts and apparel to jewelry and Oregon made products, there is something for every member of the family. Conveniently located on North Highway 97 with easy access off the

Bend Parkway, you're sure to find just what you need.

Forum Shopping Center

Looking for the latest bestseller? Maybe you want to rent a movie for the night, or, maybe you'd prefer the theater. Perhaps you want to stock up with plenty of food before you head to the hills. The Forum Shopping Center is Bend, Oregon's hot spot for great deals. There are plenty of brand name stores to choose from like Costco, Old Navy, Barnes & Noble and more. You'll also find great apparel, grocery, and specialty stores. When you work up an appetite from all that shopping, why not treat yourself to a great lunch or dinner at a fine restaurant. Not enough time? Grab a quick bite from a fast food restaurant. Whatever you are seeking is conveniently accessible at the

Forum Shopping Center.

NorthWest Crossing

Built partially on a Ponderosa pine tree farm, NorthWest Crossing is a community that was designed based on the principals of new urbanism, an architectural philosophy that emphasizes pedestrian-friendly neighborhoods inte-grated with commercial and retail businesses, schools and parks. Check out the town center which features award-winning restaurants, art galleries and businesses. During the summer, weekly outdoor events include a farmer's

market, live music and Munch 'n Movies.

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BEND VACATION RENTAL INVESTMENTS I enjoyed doing the research on the Bend Vacation Rental Market. I was surprised at the number of vacation rentals and the amount of information available. This report only scratches the surface, but I will include website addresses for you if you want to go further. There appears to be two types of vacation rental owners, the “do it yourself” type using Craig’s List or VRBO.com (Vacation Rental By Owner). These are local owners that can service and clean the properties themselves. VRBO Vacation Rentals By Owner has 357 rentals in Bend www.vrbo.com/vacation-rentals/usa/oregon/central-oregon/bend The other type of owner uses a vacation rental company. There are three major vacation rental companies in Bend. Bend Vacation Rentals appears to be the Premier Vacation rental company in Bend. Www.bendvacationrentals.com. I talked at length with Sandee one of the owners. She was very helpful and gave me the following information. Cost of cleaning per visit for a 3 bedroom house $160, owner pays $55 of the cost. Management Commission charge is 30%. Company requires the owner to supply high end linens, furniture, kitchen equipment, etc. The best amenities to look for are a garage, walking distance to downtown, hot tub/spa. Most of the rentals are in Summer season, and Christmas/New Years. Spring, Fall and Winter are slower. It can take up to 2 years to get a “following”, most properties with loans will not “breakeven” in the first two years. Downtown and Westside best locations, Eastside does not rent well. The City of Bend has a $500 application fee, and there is a room rental tax. A copy of the application will be included in this report. Their website was very well designed and very user friendly. I took some examples from their website for your review. The second company I researched is Bend Dutch Vacation Rentals, they have 32 rentals, mostly on the Westside of Bend. Their website is also user friendly and I am including one of their four bedroom property as an example. The third company is Alpenglow Vacation Rental has 30 units available. I did not do a lot of research on this company, their website is Www.alpenglowrentals.com The Bend Vacation Rental Business appears to be very vital and successful. I will pick out a likely available property in the downtown area and do a financial analysis for your review.

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This is a map of Bend Vacation Rental’s inventory. I selected a few and did some research as to the property value, so I could compare the rental amount to the property value.

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19428 West Campbell Road number 3 on the map purchased in 2000 for 247,500 Built in 1935 2 br 6 max

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1905 SW Knoll number 9 on the map 2 br 4 max

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Albany 1057 3 Br Max 6

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1808 NW Iowa 3 br

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820 NW Harmon 3 br 8 max

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Bend Dutch Vacation Rentals has 32 rentals. Www.benddutchrentals.com

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FINANCIAL ANALYSIS

I have picked out a likely property in the downtown area, within biking distance to Downtown and the Old Mill District.

Enjoy the private and beautifully landscaped yard with perennials galore! Fenced with custom wrought iron gates and railing around the elevated deck. Patio below is perfect for entertaining or relaxing around the fire pit. Recently painted . Front paver patio. Welcoming interior fea-tures a great room with a cozy gas fireplace. Hickory wood floors, master with a sitting area and a spacious bonus room. This property would be a great vacation rental and should get a good following. First set of assumptions: CONSERVATIVE Ten year hold on this investment. Appreciation 3% per year, occupancy (not including family use) year 1 20%, year 2 30%, 50% each year after year 2, weekly rent average between high and low season $1500, professionally managed. Property taxes increase 3% per year.

By end of year 2 there is a 4.2% cash on cash return on the rental side of the investment, without including appreciation. Over the ten year hold there would be a $108,956 gain in the investment.

Before proceeding with this investment I would recommend discussing the tax benefits of depreciation, and the ability to write of visits to Bend to check on the investment with your accountant.

Listing # 201308508 61482 Linton Loop, Bend, OR 97701

Listing Price: $357,500

2212 Square feet Built 2003

YEAR 1 2 3 4 5 6 7 8 9 10

APPRECIATION 357,500 368,225 379,271 390,649 402,369 414,440 426,873 439,679 452,870 466,456

OCCUPANCY 12,480 18,720 31,200 31,200 31,200 31,200 31,200 31,200 31,200 31,200

MANAGEMENT -3,744 -5,616 -9,360 -9,360 -9,360 -9,360 -9,360 -9,360 -9,360 -9,360

PROP TAXES -3939 -4,057 -4,178 -4,304 -4,433 -4,566 -4,703 -4,844 -4,989 -5,139

UTILITIES -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520

NET RENT 2,277 6,527 15,142 15,016 14,887 14,754 14,617 14,476 14,331 14,181

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FINANCIAL ANALYSIS II

OPTIMISTIC Ten year hold on this investment. Appreciation 6% per year, occupancy (not including family use) year 1 25%, year 2 40%, 60% each year after year 2, weekly rent average between high and low season $1500, professionally managed. Property taxes increase 3% per year.

By end of year 2 there is a 7.3% cash on cash return on the rental side of the investment, without including appreciation. Over the ten year hold there would be a $246,488 gain in the investment.

Before proceeding with this investment I would recommend discussing the tax benefits of depreciation, and the ability to write of visits to Bend to check on the investment with your accountant.

YEAR 1 2 3 4 5 6 7 8 9 10

APPRECIATION 357,500 378,950 401,687 425788 451,335 478,415 507,120 537,547 569,800 603,988

OCCUPANCY 19,500 31,200 46,800 46,800 46,800 46,800 46,800 46,800 46,800 46,800

MANAGEMENT -5,850 -9,360 -14,040 -14,040 -14,040 -14,040 -14,040 -14,040 -14,040 -14,040

PROP TAXES -3,939 -4,057 -4,178 -4,304 -4,433 -4,566 -4,703 -4,844 -4,989 -5,139

UTILITIES -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520 -2,520

NET RENT 7,191 15,263 26,062 25,936 25,807 25,674 25,537 25,396 25,251 25,101

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Client Detail with Addl Pics ReportListings as of 09/14/13 at 3:46pm

Active 09/06/13 Listing # 201308508 61482 Linton Loop Bend, OR 97702 Listing Price: $357,500County: Deschutes Cross St: Elder Ridge

Prop Type Residential Prop Subtype(s) Residential

Area Bend/Tumalo/Alfalfa Addition Sagewood

Section SW

Beds 3 Approx Square Feet 2212 Assessor

Baths 2.50 Price/Sq Ft $161.62

Year Built 2003 Lot Sq Ft (approx) 6098

Tax ID Lot Acres (approx) 0.1400

See Virtual Tour

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9/14/2013http://coar.rapmls.com/scripts/mgrqispi.dll

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Marketing Remark Outdoor enthusiasts rejoice! Mt. Bachelor, High Lakes, Deschutes River, trails and The Old Mill at your doorstep! At home, enjoy the private and beautifully landscaped yard with perennials galore! Fenced with custom wrought iron gates and railing around the elevated deck. Patio below is perfect for entertaining or relaxing at the fire pit. Recently painted w/front paver patio. Welcoming interior features a great room w/cozy gas fireplace, Hickory wood floors, master w/sitting area and spacious bonus room.

Zoning RS Tax Acct# 207727New Construction No Elementary School William E. MillerJr. High School Cascade Sr. High School SummitHOA Yes HOA Amount $180.00HOA Per year Taxes $3939.05Tax Year 2013 Farm Deferral NoCC&R Yes Irrigation NoWater District City Electric Company PP&LExcluded 1 refrigerator, washer/dryer, Excluded 2 owners personal propertyStyle Craftsman Levels 2 StoryConstruction Frame Foundation StemwallRooms Family Room, Great Room, Bonus Room,

Kitchen, Utility, Dining Area, Breakfast Nook

Interior Walk in Closet, Pantry, Range/Oven, Dishwasher, Microwave, Disposal

Fireplace Family Room, Gas Floors Wood, Carpet, Vinyl, TileExterior Patio/Deck, Landscaped, Fenced,

Sprinkler SystemGarage Double, Attached

Roof Composition Heat/Cool Natural Gas, Forced Air, Central ACExisting Water City Sewer/Septic City SewerTerms Cash Sign On Property Yes

Presented By: Michael D Aid CRS Bend And Beyond Real Estate

Primary: 541-815-1605Secondary: 541-382-3033Other: 541-389-2286

E-mail: [email protected]

20967 Yeoman RdBend, OR 97701541-382-3033Fax : 541-610-1988

September 2013 Web Page: http://www.BendAndBeyond.com

Featured properties may not be listed by the office/agent presenting this brochure.Information has not been verified, is not guaranteed and is subject to change.

Copyright ©2013 Rapattoni Corporation. All rights reserved.U.S. Patent 6,910,045

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9/14/2013http://coar.rapmls.com/scripts/mgrqispi.dll

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Contact Information

Applicant: Phone: Address: Email: Owner: Phone: Address: Email: Primary Contact: Phone: Address: Email:

Property Information

Site Address: Tax map & lot number: General Plan Designation: Zoning District: _________________________ Number of Bedrooms: _____________________ Number of parking spaces: ______________

To the best of my knowledge, all statements and information contained in this application and attached exhibits are true and correct. I authorize City of Bend staff and/or Hearings Body to enter the property for inspection of the site in conjunction with this land use application. Owner: Date:

PLANNING USE ONLY

Fee paid Received by _______ Date File No. ______ For questions regarding Vacation Rental applications, please contact the City of Bend Planning Division at (541) 388-5580 or email questions to [email protected]. Our mailing address is City of Bend Planning Division, 710 NW Wall Street, Bend, OR 97701.

CITY OF BEND VACATION HOME RENTAL

APPLICATION

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SUBMITTAL REQUIREMENTS

Please Note: All plans must be submitted electronically. To submit plans, please complete the application and e-mail it to [email protected]. You will then be emailed instructions on how to upload your application materials to the City’s system. One paper copy of all submittal materials must also be provided along with the application fee and one full set of plans at least 11” x 17” in size. Site Plans & Maps:

Show all structures Show existing and proposed parking

Floor Plans – Show entire floor plan including garage

BEND DEVELOPMENT CODE SECTION 3.6.200 (L) STANDARDS FOR VACATION HOME RENTAL

The use of a residential dwelling for vacation rental occupancy is permitted within all Residential Districts subject to a Type I Land Use Application and applicable fee when the following operational standards are met: Occupancy: The maximum occupancy for the dwelling shall be two persons per

bedroom plus two additional persons. For example, a two bedroom dwelling would have a maximum occupancy of six persons.

Number of bedrooms: _________________ Maximum Occupancy:_________________

Parking Minimum: One parking space per bedroom in accordance with Chapter 3.3. Number of parking spaces: __________________ Prohibited use: No recreational vehicle, travel trailer, or tent or other temporary shelter

shall be used in conjunction with vacation home rental. Monitoring. All Vacation Rental Homes shall register with the City of Bend for Transient

Room Tax and must maintain a guest logbook. It must include the names and home addresses of guests, guests’ license plate numbers if traveling by car, dates of stay and the room number of each guest. The log must be available for inspection by City staff upon request.

The application and site plan submitted meet the requirements for Type I approval if all boxes from the standards check list above are checked. Any boxes that remain unchecked by the City of Bend Planning Division shall be considered deficient and may result in the denial of the application.

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Compiled by Donnie montagner State Certified residential appraiser

Information obtained from the MLS of Central Oregon

with permission from COAR

Bratton Report September 2013

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BRATTON REPORT 9/7/13

178 176144 169 161 176

172 177191

177163

184

249

228

205

222

200

250

300

350

of S

ales

Bend area SFR - Number of SalesTotal sold 12 months prior to report date = 2156 - Total currently listed = 658

Inventory* as of report date = 3.7 Months2

$396

$343

$287

$217$210

$196

$166

$235

$220

$230

$222

$248 $248

$235

$270

$261 $260

$281 $280

$265

$160

$210

$260

$310

$360

$410

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

Bend area SFR - Median Price in THOUSANDSNote: Median is the midpoint with half above and half below. 1

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

Page 1 - Bratton Report 9/7/13

144139

116

123

119

134

143 141

124

172

182

193

136 136

164

113

140

92

114

132138

99

153

123

124

116110

120

107

92

83

95105

107

96

99

93

98

81

91 91

103

94

111

109100

105 107

129

95

102

91

81

9598

108

84

98

111

111

120

9492

83

84

97

105

98

114112

109

92

7367

8676

63

73

60

80

100

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140

160

180

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220

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

Bend area SFR - Days on Market for Sold Properties3

159

154

132

152

112

144

114 112

97

81

75

56

93

93107

115 108

97

120107

71 71

68

68

93107

119

138

152

128

152 159

102 107

144 152

146

152

139123

150

154

132

152

125

112

152

134

169

136 126

161

133

143

122

140

114

134

176173 173

167144

149

113108

163

0

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Dec

-08

Jan

-09

Feb

-09

Mar

-09

Ap

r-09

May

-09

Jun

-09

Jul-

09A

ug

-09

Sep

-09

Oct

-09

No

v-0

9D

ec-0

9Ja

n-1

0F

eb-1

0M

ar-1

0A

pr-

10M

ay-1

0Ju

n-1

0Ju

l-10

Au

g-1

0S

ep-1

0O

ct-1

0N

ov

-10

Dec

-10

Jan

-11

Feb

-11

Mar

-11

Ap

r-11

May

-11

Jun

-11

Jul-

11A

ug

-11

Sep

-11

Oct

-11

No

v-1

1D

ec-1

1Ja

n-1

2F

eb-1

2M

ar-1

2A

pr-

12M

ay-1

2Ju

n-1

2Ju

l-12

Au

g-1

2S

ep-1

2O

ct-1

2N

ov

-12

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-13

May

-13

Jun

-13

Jul-

13A

ug

-13

Num

ber

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

Page 1 Bratton Report 9/7/13

Page 25: Vacation rental report 9 2013

$183

$187

$198

$178

$176

$177

$183

$163

$167

$161

$160 $162

$159 $155

$156

$166

$152

$157

$139

$153

$133

$126

$125

$109

$110

$105

$119

$113 $109

$118

$113

$114 $116

$106

$99

$105

$110

$102 $103 $110

$113

$99

$108

$104

$109

$94 $95

$99

$99

$107

$101

$116

$112 $112

$114

$106

$97 $104

$108 $111

$104

$112

$122

$115

$121 $130

$123 $121

$118

$129

$143

$122

$139 $145

$141

$147 $150

$90

$115

$140

$165

$190

$215

Ma

r-0

7A

pr-

07

Ma

y-0

7J

un

-07

Ju

l-0

7A

ug

-07

Se

p-0

7O

ct-

07

No

v-0

7D

ec

-07

Ja

n-0

8F

eb

-08

Ma

r-0

8A

pr-

08

Ma

y-0

8J

un

-08

Ju

l-0

8A

ug

-08

Se

p-0

8O

ct-

08

No

v-0

8D

ec

-08

Ja

n-0

9F

eb

-09

Ma

r-0

9A

pr-

09

Ma

y-0

9J

un

-09

Ju

l-0

9A

ug

-09

Se

p-0

9O

ct-

09

No

v-0

9D

ec

-09

Ja

n-1

0F

eb

-10

Ma

r-1

0A

pr-

10

Ma

y-1

0J

un

-10

Ju

l-1

0A

ug

-10

Se

p-1

0O

ct-

10

No

v-1

0D

ec

-10

Ja

n-1

1F

eb

-11

Ma

r-1

1A

pr-

11

Ma

y-1

1J

un

-11

Ju

l-1

1A

ug

-11

Se

p-1

1O

ct-

11

No

v-1

1D

ec

-11

Ja

n-1

2F

eb

-12

Ma

r-1

2A

pr-

12

Ma

y-1

2J

un

-12

Ju

l-1

2A

ug

-12

Se

p-1

2O

ct-

12

No

v-1

2D

ec

-12

Ja

n-1

3F

eb

-13

Ma

r-1

3A

pr-

13

Ma

y-1

3J

un

-13

Ju

l-1

3A

ug

-13M

edia

n P

rice

per

SF

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

Bend area SFR - Median Sales Price per SF4

Page 2 - Bratton Report 9/7/13

71

64

76 72

5444

41

4234

2611

29

17

41

2326

30

28 23

2013 7

12 7 16 814 1113 1420 13 811 112519

12 10 7 202020 17 1822 1816

28

33

21

30

18

3734

1818

13

2628

3840

32 41

60

5235

45

3950

57

57

59 6363

80 76

58

0

50

100

150

200

250

Mar

-07

Ap

r-07

May

-07

Jun

-07

Jul-

07A

ug

-07

Sep

-07

Oct

-07

No

v-0

7D

ec-0

7Ja

n-0

8F

eb-0

8M

ar-0

8A

pr-

08M

ay-0

8Ju

n-0

8Ju

l-08

Au

g-0

8S

ep-0

8O

ct-0

8N

ov

-08

Dec

-08

Jan

-09

Feb

-09

Mar

-09

Ap

r-09

May

-09

Jun

-09

Jul-

09A

ug

-09

Sep

-09

Oct

-09

No

v-0

9D

ec-0

9Ja

n-1

0F

eb-1

0M

ar-1

0A

pr-

10M

ay-1

0Ju

n-1

0Ju

l-10

Au

g-1

0S

ep-1

0O

ct-1

0N

ov

-10

Dec

-10

Jan

-11

Feb

-11

Mar

-11

Ap

r-11

May

-11

Jun

-11

Jul-

11A

ug

-11

Sep

-11

Oct

-11

No

v-1

1D

ec-1

1Ja

n-1

2F

eb-1

2M

ar-1

2A

pr-

12M

ay-1

2Ju

n-1

2Ju

l-12

Au

g-1

2S

ep-1

2O

ct-1

2N

ov

-12

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-13

May

-13

Jun

-13

Jul-

13A

ug

-13

Num

ber

of P

erm

its

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

Bend area SFR - Building Permits5

Page 26: Vacation rental report 9 2013

Bend area SFR: # Sales vs. Current Listings

2 0

300

350

400

450

500481

415

307

# Sales last month (Aug)

# Sales last 12 months

Currently Listed

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

Page 3 - Bratton Report 9/7/13

0

50

100

150

200

250

0 -$100K

$100 -$150K

$150 -$200K

$200 -$250K

$250 -$300K

$300 -$350K

$350 -$400K

$400 -$450K

$450 -$500K

$500 -$550K

$550 -$600K

$600 -$650K

$650 -$700K

$700 -$750K

$750 -$800K

$800 -$850K

$850 -$900K

$900 -$950K

$950 - $1 Mill

$1 Mill+

13

43

58

3327

22

10

0

9 6

0 2 2 0 1 12

0 2

23

172

242

164

128

86

52 51

37

2320

10 12 94 6

14

02

37

103108

62

49

3538

12

1920

28

139

69

24

48

Page 27: Vacation rental report 9 2013

68 7283 78 79

100

125

150

175

of S

ales

Redmond area SFR - Number of SalesTotal sold during 12 months prior to report date = 667 - Total currently listed = 266

Inventory* as of report date = 5 Months8

$247

$260

$215

$149$140

$122 $120

$100

$142

$139

$162

$153

$164

$157

$182

$177

$185

$180

$75

$125

$175

$225

$275

Mar

-07

Ap

r-07

May

-07

Jun

-07

Jul-

07A

ug

-07

Sep

-07

Oct

-07

No

v-0

7D

ec-0

7Ja

n-0

8F

eb-0

8M

ar-0

8A

pr-

08M

ay-0

8Ju

n-0

8Ju

l-08

Au

g-0

8S

ep-0

8O

ct-0

8N

ov

-08

Dec

-08

Jan

-09

Feb

-09

Mar

-09

Ap

r-09

May

-09

Jun

-09

Jul-

09A

ug

-09

Sep

-09

Oct

-09

No

v-0

9D

ec-0

9Ja

n-1

0F

eb-1

0M

ar-1

0A

pr-

10M

ay-1

0Ju

n-1

0Ju

l-10

Au

g-1

0S

ep-1

0O

ct-1

0N

ov

-10

Dec

-10

Jan

-11

Feb

-11

Mar

-11

Ap

r-11

May

-11

Jun

-11

Jul-

11A

ug

-11

Sep

-11

Oct

-11

No

v-1

1D

ec-1

1Ja

n-1

2F

eb-1

2M

ar-1

2A

pr-

12M

ay-1

2Ju

n-1

2Ju

l-12

Au

g-1

2S

ep-1

2O

ct-1

2N

ov

-12

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-13

May

-13

Jun

-13

Jul-

13A

ug

-13

Med

ian

Pric

e

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

Redmond area SFR - Median Price in THOUSANDSNote: Median is the midpoint with half above and half below. 7

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

Page 4 - Bratton Report 9/7/13

154154

106124

140

135

107

141

176

131

157

198

128

154

109 116

119

122

129121

116

138

111

118

114

154

110

106

119

9990

96

110

80

123

110

84

92 91

83

115

82

106

10195

98

101

111

103

129

84

115

113

117

112

61

85

99

114

9092

89

71

83

96

8070

138

123

114

87

133

6673

8373

83

60

80

100

120

140

160

180

200

220

Mar

-07

Ap

r-07

May

-07

Jun

-07

Jul-

07A

ug

-07

Sep

-07

Oct

-07

No

v-0

7D

ec-0

7Ja

n-0

8F

eb-0

8M

ar-0

8A

pr-

08M

ay-0

8Ju

n-0

8Ju

l-08

Au

g-0

8S

ep-0

8O

ct-0

8N

ov

-08

Dec

-08

Jan

-09

Feb

-09

Mar

-09

Ap

r-09

May

-09

Jun

-09

Jul-

09A

ug

-09

Sep

-09

Oct

-09

No

v-0

9D

ec-0

9Ja

n-1

0F

eb-1

0M

ar-1

0A

pr-

10M

ay-1

0Ju

n-1

0Ju

l-10

Au

g-1

0S

ep-1

0O

ct-1

0N

ov

-10

Dec

-10

Jan

-11

Feb

-11

Mar

-11

Ap

r-11

May

-11

Jun

-11

Jul-

11A

ug

-11

Sep

-11

Oct

-11

No

v-1

1D

ec-1

1Ja

n-1

2F

eb-1

2M

ar-1

2A

pr-

12M

ay-1

2Ju

n-1

2Ju

l-12

Au

g-1

2S

ep-1

2O

ct-1

2N

ov

-12

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-13

May

-13

Jun

-13

Jul-

13A

ug

-13

Med

ian

Day

s on

Mar

ket

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

Redmond area SFR - Days on Market for Sold Properties9

49

56

38

68

40 48

34

3139

2724

30 41

51

38 41

42

3240

42

27

35

21

2434

39

5264

70

61 69

72

62

51

35

5060

62

5647

66

6158

53 51 47

61

58 60

64

44 46

56

54

40

63

47 43

48

70

56

59

46

61

43

52

43

72

3732

42

5261 75

60

79

0

25

50

75

Mar

-07

Ap

r-07

May

-07

Jun

-07

Jul-

07A

ug

-07

Sep

-07

Oct

-07

No

v-0

7D

ec-0

7Ja

n-0

8F

eb-0

8M

ar-0

8A

pr-

08M

ay-0

8Ju

n-0

8Ju

l-08

Au

g-0

8S

ep-0

8O

ct-0

8N

ov

-08

Dec

-08

Jan

-09

Feb

-09

Mar

-09

Ap

r-09

May

-09

Jun

-09

Jul-

09A

ug

-09

Sep

-09

Oct

-09

No

v-0

9D

ec-0

9Ja

n-1

0F

eb-1

0M

ar-1

0A

pr-

10M

ay-1

0Ju

n-1

0Ju

l-10

Au

g-1

0S

ep-1

0O

ct-1

0N

ov

-10

Dec

-10

Jan

-11

Feb

-11

Mar

-11

Ap

r-11

May

-11

Jun

-11

Jul-

11A

ug

-11

Sep

-11

Oct

-11

No

v-1

1D

ec-1

1Ja

n-1

2F

eb-1

2M

ar-1

2A

pr-

12M

ay-1

2Ju

n-1

2Ju

l-12

Au

g-1

2S

ep-1

2O

ct-1

2N

ov

-12

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-13

May

-13

Jun

-13

Jul-

13A

ug

-13

Num

ber

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

Page 28: Vacation rental report 9 2013

$154$160

$148

$159$152$153

$143

$153

$135

$123$131

$141

$124$118

$137

$127

$137

$121$117

$108

$93

$103

$90$88$92

$86$84$87$91

$87$86$82$80

$85

$75$69

$78$75$75$77$76$70

$76$76$76$74 $75

$64

$75

$65$71

$67$72$68

$78$74$74

$80

$64$71

$79$77$80$83$89

$97$93$94

$82$89$90

$98

$95 $96$101

$105$111

$110

$60

$80

$100

$120

$140

$160

$180

$200

Ma

r-0

7A

pr-

07

Ma

y-0

7J

un

-07

Ju

l-0

7A

ug

-07

Se

p-0

7O

ct-

07

No

v-0

7D

ec

-07

Ja

n-0

8F

eb

-08

Ma

r-0

8A

pr-

08

Ma

y-0

8J

un

-08

Ju

l-0

8A

ug

-08

Se

p-0

8O

ct-

08

No

v-0

8D

ec

-08

Ja

n-0

9F

eb

-09

Ma

r-0

9A

pr-

09

Ma

y-0

9J

un

-09

Ju

l-0

9A

ug

-09

Se

p-0

9O

ct-

09

No

v-0

9D

ec

-09

Ja

n-1

0F

eb

-10

Ma

r-1

0A

pr-

10

Ma

y-1

0J

un

-10

Ju

l-1

0A

ug

-10

Se

p-1

0O

ct-

10

No

v-1

0D

ec

-10

Ja

n-1

1F

eb

-11

Ma

r-1

1A

pr-

11

Ma

y-1

1J

un

-11

Ju

l-1

1A

ug

-11

Se

p-1

1O

ct-

11

No

v-1

1D

ec

-11

Ja

n-1

2F

eb

-12

Ma

r-1

2A

pr-

12

Ma

y-1

2J

un

-12

Ju

l-1

2A

ug

-12

Se

p-1

2O

ct-

12

No

v-1

2D

ec

-12

Ja

n-1

3F

eb

-13

Ma

r-1

3A

pr-

13

Ma

y-1

3J

un

-13

Ju

l-1

3A

ug

-13

Med

ian

Pric

e pe

r S

F

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

Redmond area SFR - Median Sales Price per SF 10

Page 5 - Bratton Report 9/7/13

36

28

40

16

18

159

5

21

1313 17

22

10

2223

123

49

3 2 1 3 32 612

6 1 3 7 6 910 12

62 2 2 3

0 2 0 2 0 3 6 2 17

1 2 0 2 1 06

14 4 4 8

56 4 7 7

5 611

8 414

5 11

16

20

20

40

60

80

100

Mar

-07

Ap

r-07

May

-07

Ju

n-0

7Ju

l-07

Au

g-0

7S

ep

-07

Oc

t-0

7N

ov-

07D

ec-0

7Ja

n-0

8F

eb-0

8M

ar-0

8A

pr-

08M

ay-0

8J

un

-08

Jul-

08A

ug

-08

Se

p-0

8O

ct-

08

No

v-08

Dec

-08

Jan

-09

Feb

-09

Mar

-09

Ap

r-09

May

-09

Ju

n-0

9Ju

l-09

Au

g-0

9S

ep

-09

Oc

t-0

9N

ov-

09D

ec-0

9Ja

n-1

0F

eb-1

0M

ar-1

0A

pr-

10M

ay-1

0J

un

-10

Jul-

10A

ug

-10

Se

p-1

0O

ct-

10

No

v-10

Dec

-10

Jan

-11

Feb

-11

Mar

-11

Ap

r-11

May

-11

Ju

n-1

1Ju

l-11

Au

g-1

1S

ep

-11

Oc

t-1

1N

ov-

11D

ec-1

1Ja

n-1

2F

eb-1

2M

ar-1

2A

pr-

12M

ay-1

2J

un

-12

Jul-

12A

ug

-12

Se

p-1

2O

ct-

12

No

v-12

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-13

May

-13

Ju

n-1

3Ju

l-13

Au

g-1

3

Nu

mb

er

of P

erm

its

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

Redmond area SFR - Building Permits11

Page 29: Vacation rental report 9 2013

12 Redmond area SFR: # Sales vs. Current Listings

150

200

250

222

190

# Sales last month (Aug)

# Sales last 12 months

Currently Listed

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

Page 6 - Bratton Report 9/7/13

0

50

100

0 -$100K

$100 -$150K

$150 -$200K

$200 -$250K

$250 -$300K

$300 -$350K

$350 -$400K

$400 -$450K

$450 -$500K

$500 -$550K

$550 -$600K

$600 -$650K

$650 -$700K

$700 -$750K

$750 -$800K

$800 -$850K

$850 -$900K

$900 -$950K

$950 -$1 Mill

$1 Mill+

4

2422

15

46

20 0 1 1 1 0 0 0 0 0 0 0 0

82

89

30

38

20

63 5

5

20

0 0 0 0 0 0 0

8

14

64

55

43

2326

10 10

5 63 2

0

4

0 0 10 0

Page 30: Vacation rental report 9 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.

SISTERSMedian Price SFR in Thousands = $285

Number of SFR Sales = 13Days on Market for Sold SFR = 72

Current Inventory* = 10.5 Months

SUNRIVERMedian Price SFR in Thousands = $444

Number of SFR Sales = 14Days on Market for Sold SFR = 69

Current Inventory* = 10.5 Months

LaPINEMedian Price SFR in Thousands = $165

N b f SFR S l 6

Smaller Market Monthly Report for the Month of August 2013

Number of SFR Sales = 6Days on Market for Sold SFR = 82

Current Inventory* = 6.5 Months

JEFFERSON COUNTY & CRRMedian Price SFR in Thousands = $68

Number of SFR Sales = 5Days on Market for Sold SFR = 92

Current Inventory* = 5 Months

CROOK COUNTYMedian Price SFR in Thousands = $117

Number of SFR Sales = 26Days on Market for Sold SFR = 102

Current Inventory* = 5 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 9/7/13

Page 31: Vacation rental report 9 2013

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.

26

4547

32

39

30 2920

24 182325

30

35

40

45

50

er o

f S

ales

Sunriver area, SFR - Number of SalesTotal sold prior 12 months = 1360 - Total currently listed = 1262

Supply* = 11 Months23

$445

$383

$470

$445 $351

$370 $380 $322

$247 $325 $325 $280

$296

$189

$215 $292

$173

$195 $239

$210 $191 $240

$267 $260 $233

$273

$150

$200

$250

$300

$350

$400

$450

$500

$550

$600

$650

$700

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2nd

Q 2

009

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

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1st

Q 2

011

2nd

Q 2

011

3rd

Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Pric

e

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

Sisters area SFR - Median Price in THOUSANDSNote: Median is the midpoint with half above and half below. 13

30

32

23 16

24 29

2526

26 2423 22

28 27

2727

24

20

25

30

35

of S

ales

Sisters area SFR - Number of SalesTotal sold during 12 months prior to report date = 106 - Total currently listed = 9414

Page 8 - Bratton Report 9/7/13

139137

117

139

160

101

119141

204

194

205

198

170

72

99

92

115120

143

858088

121

81

113

75

177

86

9782

122

138

104111

60

80

100

120

140

160

180

200

220

1st

Q 2

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2n

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20

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200

61s

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200

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73

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1st

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2nd

Q 2

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3rd

Q 2

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84

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200

81

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20

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21s

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63

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st Q

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rd Q

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022

3rd

Q 2

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202

21s

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202

3

Med

ian

Day

s on

Mar

ket

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

Sunriver area, SFR - Days on Market24

17

2615

1517

17

884

6 138

23

12

1413

24

17

17

11

151318

1823

13

23

0

5

10

15

20

1s

t Q

20

05

2n

d Q

20

05

3rd

Q 2

00

54

th Q

20

05

1s

t Q

20

06

2n

d Q

20

06

3rd

Q 2

00

64

th Q

20

06

1s

t Q

20

07

2n

d Q

20

07

3rd

Q 2

00

74

th Q

20

07

1s

t Q

20

08

2n

d Q

20

08

3rd

Q 2

00

84

th Q

20

08

1s

t Q

20

09

2n

d Q

20

09

3rd

Q 2

00

94

th Q

20

09

1s

t Q

20

10

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d Q

20

10

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Q 2

01

04

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20

10

1s

t Q

20

11

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20

11

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Q 2

01

14

th Q

20

11

1s

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20

12

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20

12

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01

24

th Q

20

12

1s

t Q

20

13

2n

d Q

20

13

3rd

Q 2

01

34

th Q

20

13

1s

t Q

20

14

2n

d Q

20

14

3rd

Q 2

01

44

th Q

20

14

1s

t Q

20

15

2n

d Q

20

15

3rd

Q 2

01

54

th Q

20

15

1s

t Q

20

16

2n

d Q

20

16

3rd

Q 2

01

64

th Q

20

16

1s

t Q

20

17

2n

d Q

20

17

3rd

Q 2

01

74

th Q

20

17

1s

t Q

20

18

2n

d Q

20

18

3rd

Q 2

01

84

th Q

20

18

1s

t Q

20

19

2n

d Q

20

19

3rd

Q 2

01

94

th Q

20

19

1s

t Q

20

20

2n

d Q

20

20

3rd

Q 2

02

01

st

Q 2

02

12

nd

Q 2

02

13

rd Q

20

21

4th

Q 2

02

11

st

Q 2

02

22

nd

Q 2

02

23

rd Q

20

22

4th

Q 2

02

21

st

Q 2

02

3

Num

be

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

174

101

132

134

234

166

127 127

242

117110134135

181

133146

169

154

123

161

236

205

76

122

158

119

60

80

100

120

140

160

180

200

220

240

260

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2n

d Q

200

9

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

010

1st

Q 2

011

2nd

Q 2

011

3rd

Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Day

s on

Mar

ket

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

Sisters area SFR - Days on Market for Sold Properties15

16

213

20 1916

119

18 19 19

0

5

10

15

1s

t Q

20

07

2n

d Q

20

07

3rd

Q 2

00

7

4th

Q 2

00

7

1s

t Q

20

08

2n

d Q

20

08

3rd

Q 2

00

8

4th

Q 2

00

8

1s

t Q

20

09

2n

d Q

20

09

3rd

Q 2

00

9

4th

Q 2

00

9

1s

t Q

20

10

2n

d Q

20

10

3rd

Q 2

01

0

4th

Q 2

01

0

1s

t Q

20

11

2n

d Q

20

11

3rd

Q 2

01

1

4th

Q 2

01

1

1s

t Q

20

12

2n

d Q

20

12

3rd

Q 2

01

2

4th

Q 2

01

2

1s

t Q

20

13

2n

d Q

20

13

Num

ber

o

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

Page 32: Vacation rental report 9 2013

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.

33 36

45

29 26 23 32 21 25 25

36 40 43

22

3840

60

80

100

r of

Sal

es

Sunriver area SFR - Number of SalesTotal sold during 12 months prior to report date = 146 - Total currently listed = 12917

$525

$628

$539

$534

$593

$527 $550 $575

$513

$360 $380 $402

$455

$504

$380

$379 $330

$383 $365

$420

$350 $324

$343 $365

$367 $351

$300

$350

$400

$450

$500

$550

$600

$650

$700

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2nd

Q 2

009

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

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1st

Q 2

011

2nd

Q 2

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Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Pric

e

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

Sunriver area SFR - Median Price in THOUSANDSNote: Median is the midpoint with half above and half below. 16

Page 9 - Bratton Report 9/7/13

172

7185

118

193

190

206

167

178

119

147185

273

188

127

228

265

95

106

233

190

134117

196

137 132

20

40

60

80

100

120

140

160

180

200

220

240

260

280

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2n

d Q

200

9

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

010

1st

Q 2

011

2nd

Q 2

011

3rd

Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Day

s on

Mar

ket

QuarterFrom 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 Properties18

33 3629

11

26

17

17

1814

23 3227 20

23 22

2126

22

22

0

20

1s

t Q

20

07

2n

d Q

20

07

3rd

Q 2

00

7

4th

Q 2

00

7

1s

t Q

20

08

2n

d Q

20

08

3rd

Q 2

00

8

4th

Q 2

00

8

1s

t Q

20

09

2n

d Q

20

09

3rd

Q 2

00

9

4th

Q 2

00

9

1s

t Q

20

10

2n

d Q

20

10

3rd

Q 2

01

0

4th

Q 2

01

0

1s

t Q

20

11

2n

d Q

20

11

3rd

Q 2

01

1

4th

Q 2

01

1

1s

t Q

20

12

2n

d Q

20

12

3rd

Q 2

01

2

4th

Q 2

01

2

1s

t Q

20

13

2n

d Q

20

13N

umbe

r

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

Page 33: Vacation rental report 9 2013

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.

15 17 1713

23

29

2012

1413

24

17 17

11 15 13

18 18

23

13

23

15

20

25

30

35

ber

of S

ales

LaPine area SFR - Number of SalesTotal sold during 12 months prior to report date = 77 - Total currently listed = 4220

$264

$185

$189

$291

$191

$155 $162

$130

$127

$142 $105 $91

$121

$102

$118

$87 $75

$85

$144

$85 $115

$95 $105 $93

$140 $145

$70

$120

$170

$220

$270

$320

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2nd

Q 2

009

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

010

1st

Q 2

011

2nd

Q 2

011

3rd

Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Pric

e

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

LaPine area SFR - Median Price in THOUSANDSNote: Median is the midpoint with half above and half below. 19

Page 10 - Bratton Report 9/7/13

204

194205

198

170

7299

92

115120

143

85 8088

121

81

113

75

177

86

97

82

122 138104

111

40

60

80

100

120

140

160

180

200

220

240

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2nd

Q 2

009

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

010

1st

Q 2

011

2nd

Q 2

011

3rd

Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Day

s on

Mar

ket

QuarterFrom 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 Properties21

8 8 46

13

8

13 13

0

5

10

1s

t Q

20

07

2n

d Q

20

07

3rd

Q 2

00

7

4th

Q 2

00

7

1s

t Q

20

08

2n

d Q

20

08

3rd

Q 2

00

8

4th

Q 2

00

8

1s

t Q

20

09

2n

d Q

20

09

3rd

Q 2

00

9

4th

Q 2

00

9

1s

t Q

20

10

2n

d Q

20

10

3rd

Q 2

01

0

4th

Q 2

01

0

1s

t Q

20

11

2n

d Q

20

11

3rd

Q 2

01

1

4th

Q 2

01

1

1s

t Q

20

12

2n

d Q

20

12

3rd

Q 2

01

2

4th

Q 2

01

2

1s

t Q

20

13

2n

d Q

20

13

Num

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

Page 34: Vacation rental report 9 2013

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.

3741

2124

2023

20

15

25

45

3221

49

29

24

25

37

2015

20

33

26

20 13

31

20

30

40

50

60

umbe

r of

Sal

es

Jefferson County & Crooked River Ranch SFR - Number of SalesTotal sold during 12 months prior to report date = 90 - Total currently listed = 3923

$180 $179 $183 $164

$160 $142 $159

$115 $100

$95

$95

$80 $87

$72 $61 $66

$73

$55 $70

$78

$67 $69

$80 $80 $81 $85

$50

$70

$90

$110

$130

$150

$170

$190

$210

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2nd

Q 2

009

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

010

1st

Q 2

011

2nd

Q 2

011

3rd

Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Pric

e

QuarterFrom 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 - Median Price in THOUSANDS Note: Median is the midpoint with half above and half below. 22

Page 11 - Bratton Report 9/7/13

145 133134

170

111140

158

60

95

157

126

81 83

100

151134

10090 110

51

113

97 101

165

93

127

50

70

90

110

130

150

170

190

210

1st

Q 2

007

2nd

Q 2

007

3rd

Q 2

00

7

4th

Q 2

007

1st

Q 2

008

2nd

Q 2

008

3rd

Q 2

00

8

4th

Q 2

008

1st

Q 2

009

2nd

Q 2

009

3rd

Q 2

00

9

4th

Q 2

009

1st

Q 2

010

2nd

Q 2

010

3rd

Q 2

01

0

4th

Q 2

010

1st

Q 2

011

2n

d Q

201

1

3rd

Q 2

01

1

4th

Q 2

011

1st

Q 2

012

2nd

Q 2

012

3rd

Q 2

01

2

4th

Q 2

012

1st

Q 2

013

2nd

Q 2

013

Med

ian

Day

s on

Mar

ket

QuarterFrom 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 24

14 15

0

10

1s

t Q

20

07

2n

d Q

20

07

3rd

Q 2

00

7

4th

Q 2

00

7

1s

t Q

20

08

2n

d Q

20

08

3rd

Q 2

00

8

4th

Q 2

00

8

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Nu

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

Page 35: Vacation rental report 9 2013

39

65

55

73

5256

50

4348

5752

5750

70

90

110

130

f S

ale

s

Crook County SFR - Number of SalesTotal sold during 12 months prior to report date = 201 - Total currently listed = 8526

$198 $226 $210

$173

$207 $182

$167 $130

$124 $110

$110 $110 $95 $99

$85

$87 $71 $75 $82 $87 $79

$102 $105 $105

$80

$133

$70

$90

$110

$130

$150

$170

$190

$210

$230

$250

1st

Q 2

007

2nd

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Q 2

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7

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Q 2

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8

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9

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2nd

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0

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2nd

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1

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Q 2

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Med

ian

Pric

e

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

Crook County SFR - Median Price in THOUSANDSNote: Median is the midpoint with half above and half below. 25

Page 12 - Bratton Report 9/7/13

149139

117 116

134

10292105

74

138

8290

97

94

10988

139

107109

7788

82

112 121

147

90

20

40

60

80

100

120

140

160

180

200

1st

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2nd

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007

3rd

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Med

ian

Day

s on

Mar

ket

QuarterFrom 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 Properties27

3745 39

3020 36

44 21

17

40

5540

52 4349 47 57

47 48

10

30

50

1s

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Num

ber

of

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

Page 36: Vacation rental report 9 2013

COIDProperty

GREENWOOD

FRANKLIN AVE.

REED MKT.

WILSON AVE.

POWERS RD.

CHINA HAT RD.

HWY. 20

BEAR CREEK RD.

FERGUSON RD.

KNOTT RD.

OLNEY

BUTLER MARKET RD.

EMPIRE AVE.

PORTLAND

SHEVLIN PARK RD.

JOH

NS

ON

RD

.

SUMMIT DR.

NW

12T

H.

NEWPORT

GALVESTON

ARIZONA ST.

SIMPSON

COLORADO AVE.

SKYLINER RD.

CENTURY DR.

MT.

W

AS

HIN

GT

ON

DR

.

BRO

OKS

WO

OD B

LVD.

14T

H S

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15T

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ST.

9TH

ST.

9TH

ST.

3RD

ST.

3RD

ST.

BO

ND

ST.

BOND S

T.

WA

LL S

T.

3RD

ST.

BENDRIVERMALLRIVER’S

EDGEGOLF

COURSE

BE

ND

PA

RK

WA

Y

BE

ND

PA

RK

WA

Y

BE

ND

PA

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SC

HU

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KT.

RD

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ST.

MT.

WAS

HIN

GTO

N D

R.

PU

TN

AM

RD

.

KIRKALDY CT.

MT. WASHINGTON DR.

NEFF RD.

YEOMAN RD.

COOLEY

HW

Y. 20

O.B

. RIL

EY

RD

.

HW

Y. 9

7

27T

H S

T.

HA

MB

Y R

D.

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MB

Y R

D.

27T

H S

T.

First St.RapidsPark

DavisLilleoren

Park

Mtn. Bike Route

JuniperElementaryMarshall

High School

EnsworthElementary

Bend HighSchool

Bear CreekElementary

Pilot ButteMiddleSchool

BuckinghamElementary

Elk MeadowElementary

Pine RidgeElementary

High DesertMiddle School

RE JewellElementary

School

CascadeMiddleSchool

SummitHigh School

High LakesElSchool

HighlandMagnet SchoolWestside Village

Magnet School

Amity CreekMagnet School

COCC & OSU Cascades Campus

Sky ViewMiddle School

Lava RidgeElementary School

Aspen Hall

Pilot ButteCanal Trail

SwalleyCanal

Old MillDistrict

Private trails,open to public

Arc

hie

Brig

gsC

anyo

n Tr

ail

Central Oregon Canal Trail

Haul Road Trail

To Phil’s Trail - USFS

To USFS Trails

To USFS Trails

DiscoveryTrail

West Bend Trail

West Bend Tr

ail

Cascad

e Highlan

ds

Trail

Des

chut

esR

iver

Tra

il

DeschutesRiver Trail

To USFS Trails

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Tumalo State Park

Juniper Ridge

Industrial Park

Desc

hu

tes River Trail

Lark

spur

Tra

il

Les SchwabAmphitheater

St. CharlesMedical Center

Pine NurseryPark

Lava RidgesNatural Area

RockRidgePark

Sawyer Park

HarvestPark

SawyerUplands Park

Summit Park

Hillside I Park

Hillside II Park

Sylvan Park

OrchardPark

AwbreyVillagePark

Shevlin Park

HollinsheadPark

StoverPark

Al MoodyPark

Big Sky Sports Park Off-Leash

Dog Area

Mt. View Park

Providence Park

Pilot ButteState Park

LarkspurPark

Sun MeadowPark

GardensidePark

BendSenior Center

PinewoodNatural Area

PonderosaSports Park

KiwanisPark

JayceePark

GennaStadium

FoxboroughPark

High DesertPark

BlakelyPark

Woodriver Park

Juniper Park

Juniper Swim & Fitness Center

Sunset View Park

OverturfPark

QuailPark

Lewis & Clark Park

CompassPark

SkylineSports Park

ParksServicesCenter

Farewell BendPark

RiverbendPark

HollygrapePark

Pine RidgePark

River Canyon Park

WildflowerParkRiver Rim

Park

AlpinePark

Cinder ConeNatural Area

HarmonPark

ColumbiaPark

McKayPark

Drake Park

PioneerPark

PacificPark

BrooksPark

( )

( )

Appx. 1 Mile

NPA

SKYLINER RD

Trara

BENDURBAN TRAILSYSTEM

JOH

NS

ON

RD

.

SHEVLIN PARKRD.

AspenHall

ToTumalo

Falls

FremontMeadows

CoveredBridge

ShevlinCommons

Parking Lot

Mt. Bike Trail

Loop Trail

Tumalo Creek Trail

Road

Footbridge

Parking

Restroom

SHEVLIN PARKMAP LEGEND

SHEVLIN PARK INSET

WELCOME TO THE BEND URBAN TRAILS SYSTEM!The Bend Urban Trails System, developed and managed jointly by the Bend Metro Park and Recreation District and the City of Bend, connects our community and encourages recreation and non-motorized transportation. Bend’s trails allow for exercise, relaxation, and provide connectivity to parks, schools, services, the Deschutes River, and Forest Service trails beyond the Urban Growth Boundary.

Trails in the system traverse many different landscapes, including established parks, natural forested areas, and urban areas both sparsely and densely developed. The Urban Trails System currently includes approximately 51 developed miles, with more trails under development each year. The Park and Recreation District is committed to increasing and improving the primary and connector trail routes as rights of way and funding opportunities become available.

TRAIL ACCESSIBILITYIt is the goal of the Bend Metro Park and Recreation District to provide trail facilities that meet the U.S. Access Board recommendations for accessibility for

Outdoor Developed Areas. However, not all existingtrail segments have been evaluated nor are all trails intended to be fully accessible routes. The trails on this map may present obstacles, running slopes, cross slopes, narrow tread widths, and surfaces whichare not firm and stable and which will make them inaccessible for some users. Updated information about the condition and accessibility or trails is available by calling 541-389-7275. Ultimately, it is the trail user’s responsibility to determine if trail difficulty is appropriate for his/her skill level.

BEND URBAN TRAIL OPPORTUNITIES LARKSPUR TRAILThe Larkspur Trail extends between Pilot Butte State Park and Larkspur Park, passing through Pinewood Natural Area. Both Pilot Butte and Larkspur Parks have ample parking and restroom facilities; Larkspur Park is also the site of the Bend Senior Center and the Rotary Centennial All Children’s Playground. Walkers can add an additional mile by climbing the trail to the summit of Pilot Butte.

CASCADE HIGHLANDS TRAIL Good for mountain bikers and walkers alike, this trail begins at Overturf Park on 17th Street and travels west up and over Overturf Butte through the Skyliner Summit neighborhood to the roundabout at Mt. Washington Drive. It then continues west through Cascade Highlands, before connecting to the Forest Service Phil’s Trail system. The trail provides a mix of paved and unpaved surfaces.

CENTRAL OREGON CANAL TRAILFrom Blakely Park, the trail follows along the west side of Brookswood Blvd. and then heads southwest through Central Oregon Irrigation District (COID) property to an intersection with the Deschutes River Trail, at which point trail users can go either up or down stream along the river. Or, from Blakely Park, trail users can head south on the east side of Brookswood Blvd. to the Central Oregon Canal and take the ditch-road east along the canal. This section of the COID trail currently extends to American Lane. From here a short journey east along sidewalks on Reed Market Road leads to the southern end of the Larkspur Trail at Larkspur Park.

Shevlin Park is home to an abundance of small animal life as well as deer, elk, bear and the occasional cougar.

Parking is available at the park entrance on Shevlin Park Rd. Restrooms are located at the entrance and at the south end. Picnic

sites are dispersed throughout the park.

Accessibility: The road running through the middle of Shevlin Park is paved and can accommodate most ability levels. The trail system covers a variety of unimproved

surfaces. The Shevlin Commons parking lot accesses an asphalt path that allows those with physical challenges to view the park and the Cascade mountain range from the east rim of Tumalo Creek canyon.

Loop Trail: This six-mile trail follows the rim of the canyon, runs through old growth ponderosa pine, includes a few short, steep hills, and crosses Tumalo Creek twice.

Tumalo Creek Trail: This 2.5 mile trail follows the creek upstream from the park entrance to the southern end of the park, where it joins the Deschutes National Forest trail system.

Mt. Bike Trail: This is a preferred route for mountain bikes, but is open to walkers as well. The trail climbs up and out of the canyon on the east side of the creek, and eventually links with the Forest Service trail system.

SHEVLIN PARK TRAILS Shevlin Park is Bend’s largest park encompassing 647 acres in a natural setting. The park offers many different types of trails and provides for a variety of recreational experiences. Tumalo Creek flows through the middle of the park and the most diverse old growth forest at this elevation in the Central Oregon region.

Park

State Park

School Canal

River

Future Road Existing Trail

Trail Link

Main Road

Secondary Road

Parking

Restroom

Trailhead

Park District Boundary

Footbridge

PlannedFootbridge

( )

For information on US Forest Service Trails, call Bend Fort Rock Ranger Station at 541-383-4000.

PDF processed with CutePDF evaluation edition www.CutePDF.com

Page 37: Vacation rental report 9 2013

Senior Center

Cascade M.S.

Elk Meadow Elem

Poplar St

Mahogany

Lodg

epol

e DrBr

ooks

woo

d Bl

vd

Dean

Sw

ift R

d.

BEND SERVICE MAPcascades east transit

See inset forHawthorne Stationon Regional Map

T SNOW ROUTES/SCHEDULESWeather and road conditions may require Cascades East Transit to move Route 3 to its designated snow route or to declare a “Snow Schedule”. Riders will be alerted to snow schedules via the media, by calling 541-385-8680, going to www.cascadeseasttransit.com and by alert boards placed at Hawthorne Station and other significant stops.

Police Dept/Municiple Court

Page 38: Vacation rental report 9 2013

Demographic and Income Profile19024 Shoshone Rd, Bend, OR, 97702Ring: 3 mile radius Latitude: 43.99958

Longitude: -121.37287

Summary 2010 2011 2016Population 14,665 14,850 15,844Households 5,641 5,723 6,146Families 4,050 4,107 4,368Average Household Size 2.60 2.59 2.58Owner Occupied Housing Units 4,190 4,191 4,511Renter Occupied Housing Units 1,451 1,531 1,635Median Age 38.8 38.9 39.5

Trends: 2011 - 2016 Annual Rate Area State NationalPopulation 1.30% 0.89% 0.67%Households 1.44% 0.99% 0.71%Families 1.24% 0.75% 0.57%Owner HHs 1.48% 1.07% 0.91%Median Household Income 3.78% 3.44% 2.75%

2011 2016 Households by Income Number Percent Number Percent

<$15,000 586 10.2% 555 9.0%$15,000 - $24,999 476 8.3% 357 5.8%$25,000 - $34,999 670 11.7% 489 8.0%$35,000 - $49,999 932 16.3% 788 12.8%$50,000 - $74,999 1,309 22.9% 1,404 22.8%$75,000 - $99,999 678 11.8% 1,054 17.1%$100,000 - $149,999 693 12.1% 959 15.6%$150,000 - $199,999 198 3.5% 301 4.9%$200,000+ 180 3.1% 239 3.9%

Median Household Income $52,476 $63,178Average Household Income $66,347 $78,665Per Capita Income $25,563 $30,468

2010 2011 2016 Population by Age Number Percent Number Percent Number Percent

0 - 4 987 6.7% 985 6.6% 1,056 6.7%5 - 9 1,083 7.4% 1,091 7.3% 1,146 7.2%10 - 14 1,058 7.2% 1,068 7.2% 1,137 7.2%15 - 19 907 6.2% 914 6.2% 902 5.7%20 - 24 624 4.3% 632 4.3% 636 4.0%25 - 34 1,791 12.2% 1,808 12.2% 1,937 12.2%35 - 44 2,347 16.0% 2,361 15.9% 2,399 15.1%45 - 54 2,222 15.2% 2,229 15.0% 2,154 13.6%55 - 64 1,991 13.6% 2,038 13.7% 2,319 14.6%

65 - 74 979 6.7% 1,022 6.9% 1,343 8.5%75 - 84 482 3.3% 499 3.4% 560 3.5%

85+ 193 1.3% 204 1.4% 255 1.6%

2010 2011 2016 Race and Ethnicity Number Percent Number Percent Number Percent

White Alone 13,519 92.2% 13,675 92.1% 14,328 90.4%Black Alone 72 0.5% 72 0.5% 94 0.6%American Indian Alone 128 0.9% 129 0.9% 150 0.9%Asian Alone 147 1.0% 148 1.0% 175 1.1%Pacific Islander Alone 16 0.1% 16 0.1% 20 0.1%Some Other Race Alone 380 2.6% 399 2.7% 584 3.7%Two or More Races 403 2.7% 411 2.8% 493 3.1%Hispanic Origin (Any Race) 983 6.7% 1,032 6.9% 1,374 8.7%

Data Note: Income is expressed in current dollars.

September 10, 2012

Made with Esri Business Analyst

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Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.

Page 39: Vacation rental report 9 2013

Demographic and Income Profile19024 Shoshone Rd, Bend, OR, 97702Ring: 3 mile radius Latitude: 43.99958

Longitude: -121.37287

AreaStateUSA

Trends 2011-2016

Population Households Families Owner HHs Median HH Income

Annual

Rat

e (i

n p

erce

nt)

3.5

3

2.5

2

1.5

1

0.5

0

20112016

Population by Age

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

Perc

ent

14

12

10

8

6

4

2

0

2011 Household Income

<$15K10.2%

$15K - $24K8.3%

$25K - $34K11.7%

$35K - $49K16.3%

$50K - $74K22.9%

$75K - $99K11.8%

$100K - $149K12.1%

$150K - $199K3.5%

$200K+3.1%

2011 Population by Race

White Black Am. Ind. Asian Pacific Other Two+

Perc

ent

90

80

70

60

50

40

30

20

10

0

2011 Percent Hispanic Origin: 6.9%

September 10, 2012

Made with Esri Business Analyst

©2012 Esri www.esri.com/ba 800-447-9778 Try it Now! Page 2 of 2

Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.

Page 40: Vacation rental report 9 2013

Census 2010 Summary Profile

19024 Shoshone Rd, Bend, OR, 97702Ring: 3 mile radius Latitude: 43.99958

Longitude: -121.37287

2000-2010 2000 2010 Annual Rate

Population 9,131 14,665 4.85%Households 3,436 5,641 5.08%Housing Units 3,684 6,577 5.97%

Population by Race Number PercentTotal 14,665 100.0%

Population Reporting One Race 14,262 97.3%White 13,519 92.2%Black 72 0.5%American Indian 128 0.9%Asian 147 1.0%Pacific Islander 16 0.1%Some Other Race 380 2.6%

Population Reporting Two or More Races 403 2.7%

Total Hispanic Population 983 6.7%

Population by SexMale 7,433 50.7%Female 7,232 49.3%

Population by AgeTotal 14,664 100.0%

Age 0 - 4 987 6.7%Age 5 - 9 1,083 7.4%Age 10 - 14 1,058 7.2%Age 15 - 19 907 6.2%Age 20 - 24 624 4.3%Age 25 - 29 787 5.4%Age 30 - 34 1,004 6.8%Age 35 - 39 1,167 8.0%Age 40 - 44 1,180 8.0%Age 45 - 49 1,137 7.8%Age 50 - 54 1,085 7.4%Age 55 - 59 1,047 7.1%Age 60 - 64 944 6.4%Age 65 - 69 582 4.0%Age 70 - 74 397 2.7%Age 75 - 79 267 1.8%Age 80 - 84 215 1.5%Age 85+ 193 1.3%

Age 18+ 10,942 74.6%Age 65+ 1,654 11.3%

Median Age by Sex and Race/Hispanic OriginTotal Population 38.8

Male 38.3Female 39.2

White Alone 39.7Black Alone 30.8American Indian Alone 30.0Asian Alone 38.4Pacific Islander Alone 31.3Some Other Race Alone 23.1Two or More Races 20.0Hispanic Population 23.9

Data Note: Hispanic population can be of any race. Census 2010 medians are computed from reported data distributions.Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri converted Census 2000 data into 2010 geography.

September 10, 2012Made with Esri Business Analyst

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Page 41: Vacation rental report 9 2013

Census 2010 Summary Profile

19024 Shoshone Rd, Bend, OR, 97702Ring: 3 mile radius Latitude: 43.99958

Longitude: -121.37287

Households by TypeTotal 5,641 100.0%

Households with 1 Person 1,122 19.9%Households with 2+ People 4,519 80.1%

Family Households 4,050 71.8%Husband-wife Families 3,277 58.1%

With Own Children 1,393 24.7%Other Family (No Spouse Present) 773 13.7%

With Own Children 475 8.4%Nonfamily Households 469 8.3%

All Households with Children 2,014 35.7%Multigenerational Households 142 2.5%Unmarried Partner Households 431 7.6%

Male-female 391 6.9%Same-sex 40 0.7%

Average Household Size 2.60

Family Households by Size

Total 4,051 100.0%

2 People 1,833 45.2%

3 People 883 21.8%

4 People 826 20.4%

5 People 327 8.1%

6 People 121 3.0%

7+ People 61 1.5%

Average Family Size 2.98

Nonfamily Households by SizeTotal 1,591 100.0%

1 Person 1,122 70.5%2 People 382 24.0%3 People 54 3.4%4 People 25 1.6%5 People 8 0.5%6 People 0 0.0%7+ People 0 0.0%

Average Nonfamily Size 1.38

Population by Relationship and Household TypeTotal 14,665 100.0%

In Households 14,660 100.0%In Family Households 12,461 85.0%

Householder 4,055 27.7%Spouse 3,279 22.4%Child 4,331 29.5%Other relative 383 2.6%Nonrelative 411 2.8%

In Nonfamily Households 2,199 15.0%In Group Quarters 5 0.0%

Institutionalized Population 1 0.0%Noninstitutionalized Population 4 0.0%

Data Note: Households with children include any households with people under age 18, related or not. Multigenerational households are families with 3 or moreparent-child relationships. Unmarried partner households are usually classified as nonfamily households unless there is another member of the household related to thehouseholder. Multigenerational and unmarried partner households are reported only to the tract level. Esri estimated block group data, which is used to estimate polygonsor non-standard geography. Average family size excludes nonrelatives.Source: U.S. Census Bureau, Census 2010 Summary File 1.

September 10, 2012Made with Esri Business Analyst

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Page 42: Vacation rental report 9 2013

Census 2010 Summary Profile

19024 Shoshone Rd, Bend, OR, 97702Ring: 3 mile radius Latitude: 43.99958

Longitude: -121.37287

Family Households by Age of HouseholderTotal 4,050 100.0%

Householder Age 15 - 44 1,703 42.0%Householder Age 45 - 54 908 22.4%Householder Age 55 - 64 783 19.3%Householder Age 65 - 74 420 10.4%Householder Age 75+ 236 5.8%

Nonfamily Households by Age of HouseholderTotal 1,591 100.0%

Householder Age 15 - 44 532 33.4%Householder Age 45 - 54 306 19.2%Householder Age 55 - 64 357 22.4%Householder Age 65 - 74 178 11.2%Householder Age 75+ 218 13.7%

Households by Race of HouseholderTotal 5,641 100.0%

Householder is White Alone 5,348 94.8%Householder is Black Alone 17 0.3%Householder is American Indian Alone 32 0.6%Householder is Asian Alone 53 0.9%Householder is Pacific Islander Alone 6 0.1%Householder is Some Other Race Alone 87 1.5%Householder is Two or More Races 98 1.7%

Households with Hispanic Householder 228 4.0%

Husband-wife Families by Race of HouseholderTotal 3,277 100.0%

Householder is White Alone 3,111 94.9%Householder is Black Alone 12 0.4%Householder is American Indian Alone 15 0.5%Householder is Asian Alone 30 0.9%Householder is Pacific Islander Alone 3 0.1%Householder is Some Other Race Alone 54 1.6%Householder is Two or More Races 52 1.6%

Husband-wife Families with Hispanic Householder 146 4.5%

Other Families (No Spouse) by Race of HouseholderTotal 773 100.0%

Householder is White Alone 712 92.1%Householder is Black Alone 2 0.3%Householder is American Indian Alone 10 1.3%Householder is Asian Alone 5 0.6%Householder is Pacific Islander Alone 2 0.3%Householder is Some Other Race Alone 22 2.8%Householder is Two or More Races 20 2.6%

Other Families with Hispanic Householder 45 5.8%

Nonfamily Households by Race of HouseholderTotal 1,592 100.0%

Householder is White Alone 1,524 95.7%Householder is Black Alone 3 0.2%Householder is American Indian Alone 8 0.5%Householder is Asian Alone 18 1.1%Householder is Pacific Islander Alone 2 0.1%Householder is Some Other Race Alone 11 0.7%Householder is Two or More Races 26 1.6%

Nonfamily Households with Hispanic Householder 37 2.3%Source: U.S. Census Bureau, Census 2010 Summary File 1.

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Census 2010 Summary Profile

19024 Shoshone Rd, Bend, OR, 97702Ring: 3 mile radius Latitude: 43.99958

Longitude: -121.37287

Total Housing Units by OccupancyTotal 6,579 100.0%

Occupied Housing Units 5,641 85.7%Vacant Housing Units

For Rent 188 2.9%Rented, not Occupied 11 0.2%For Sale Only 178 2.7%Sold, not Occupied 26 0.4%For Seasonal/Recreational/Occasional Use 422 6.4%For Migrant Workers 0 0.0%Other Vacant 113 1.7%

Total Vacancy Rate 14.2%

Households by Tenure and Mortgage StatusTotal 5,641 100.0%

Owner Occupied 4,190 74.3%Owned with a Mortgage/Loan 3,325 58.9%Owned Free and Clear 864 15.3%Average Household Size 2.55

Renter Occupied 1,451 25.7%Average Household Size 2.73

Owner-occupied Housing Units by Race of HouseholderTotal 4,189 100.0%

Householder is White Alone 4,023 96.0%Householder is Black Alone 10 0.2%Householder is American Indian Alone 20 0.5%Householder is Asian Alone 33 0.8%Householder is Pacific Islander Alone 2 0.0%Householder is Some Other Race Alone 44 1.1%Householder is Two or More Races 57 1.4%

Owner-occupied Housing Units with Hispanic Householder 132 3.2%

Renter-occupied Housing Units by Race of HouseholderTotal 1,451 100.0%

Householder is White Alone 1,324 91.2%Householder is Black Alone 7 0.5%Householder is American Indian Alone 12 0.8%Householder is Asian Alone 21 1.4%Householder is Pacific Islander Alone 4 0.3%Householder is Some Other Race Alone 43 3.0%Householder is Two or More Races 40 2.8%

Renter-occupied Housing Units with Hispanic Householder 96 6.6%

Average Household Size by Race/Hispanic Origin of HouseholderHouseholder is White Alone 2.56Householder is Black Alone 3.47Householder is American Indian Alone 3.22Householder is Asian Alone 2.51Householder is Pacific Islander Alone 2.17Householder is Some Other Race Alone 4.18Householder is Two or More Races 2.93Householder is Hispanic 3.77

Source: U.S. Census Bureau, Census 2010 Summary File 1.

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ECONOMIC DEVELOPMENT F O R C E N T R A L O R E G O N

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

Page 1

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 telecom-munications 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 professsionally challenged in a range of industries that might surprise you, 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.

For more information, contact: Quick Reference 2 Top Employers 13 Education 3 Wage Information 15 Telecommunications 3 Industry Mix 15 Health Care 5 Business Costs 16 Media 6 Employment Trends 16 Transportation 7 Housing Costs 18 Topography, Climate 9 Financial Valuations 18 Business Resources 9 Utilities 19 Travel Distances

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

10 Population, Demographics 20 About EDCO

22001111 CCEENNTTRRAALL OORREEGGOONN PPRROOFFIILLEE

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Page 2

CENTRAL OREGON’S TOP PRIVATE EMPLOYERS

Listed to the right are the region’s largest non-government employers. According to the Ore-gon Employment Department, over 75% of firms in the State had nine or fewer employees and the average Oregon firm employed 15 peo-ple in the first quarter of 2010. To an even greater extent than the State, Central Oregon's business environment is typified by innovative, small companies, producing niche-market prod-ucts and services, from semiconductors to soft-ware, medical instruments to recreational equipment. Still, a number of large employers operate suc-cessfully here, tapping into Central Oregon’s ever-expanding workforce, overall low cost of doing business and business-friendly local gov-ernments. Large employers include some dis-tinct groups of employers including: Manufacturing and high technology compa-nies have a long history of success in the re-gion, comprising more than 20% of the 50 larg-est employers. Building products (mostly from wood) continues to be an area of concentration in manufacturing with some of the world’s larg-est molding and millworks production plants op-erated by Bright Wood, Jeld-Wen, Contact and Woodgrain. Tech employers include semicon-ductor manufacturing (Microsemi), precision ti-tanium casting (PCC Schlosser) and pharmaceu-ticals (Bend Research), to name a few. Health care, led by St. Charles Medical Center with two hospital complexes in Bend and Red-mond 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 more than 9,500 Central Oregonians. Administrative centers and headquarter operations play a prominent role among top employers and include Les Schwab Tires, T-Mobile, TRG Customer Solutions, Bank of the Cascades, Central Oregon Trucking, and not listed, American Licorice Company. With the largest concentration in the Pacific NW, 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.

Rank 2011 2010

Company 2011

Employees 1 1 St. Charles Medical Center 2,978 2 3 Sunriver Resort *875 3 2 Les Schwab Tire Centers (regionwide) *870 4 5 Mt. Bachelor 760 5 7 Bright Wood Corporation 711 6 4 T-Mobile 640 7 6 Walmart 591 8 9 Bend Memorial Clinic 558 9 8 Safeway 545 10 10 Fred Meyer 472 11 12 Opportunity Foundation 420 12 38 Kah Nee Ta Resort & Casino 400 13 13 Eagle Crest (Northview Hotel Group) 350 14 11 TRG Customer Solutions 337 15 17 JELD-WEN/Bend Window Division 311 16 16 Ray's Grocery Store (regionwide) 292 17 15 Costco 286 18 18 Bank of the Cascades 259 19 29 BendBroadband 255 20 NA Bi-Mart (regionwide) 250 21 NA Mountain View Hospital District (Madras) 249 22 23 The Riverhouse 240 23 21 Lowe’s (regionwide) 223 24 19 Athletic Club of Bend 220 25 22 Albertson's (regionwide) 215 26 26 Central Oregon Trucking 215 27 41 Bend Research 213 28 25 Contact Industries 200 29 30 Mid Oregon Personnel (regionwide) 200 30 27 PCC Schlosser (Redmond) 192 31 20 Knife River Corporation *191 32 24 The Bulletin (Western Communications) 188 33 37 The Center (Ortho/Neuro Care & Research) 186 34 31 Home Depot (regionwide) 182 35 14 Black Butte Ranch *180 36 33 NeighborImpact (regionwide) 180 37 45 Wells Fargo Bank (regionwide) 175 38 39 Macy’s 170 39 34 Woodgrain Millwork 170 40 36 Deschutes Brewery 160 41 35 JELD-WEN Millworks Manufacturing 155 42 28 Hooker Creek Companies 150 43 42 Keith Manufacturing Co. 148 44 NA Pioneer Memorial Hospital (Prineville) 137 45 46 Warm Springs Forest Products 134 46 50 Microsemi 129 47 NL Advanced Energy (formerly PV Powered) 120 48 47 Target Stores *120 49 48 Kohl’s *115 50 NA Erickson’s Thriftway (regionwide) 111

Source: EDCO Business Research, March 2011. * Represents seasonal high. Mountain View Hospital & Pioneer Memorial Hospital were in-cluded in the total for St. Charles Health System in 2010.

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Page 3

2010 MEDIAN WAGES FOR SELECT OCCUPATIONS

Below are median hourly wages for select occupations in Central Oregon and West Coast states. Central Oregon wages are typically below those of Oregon, often 10 to 20 percent. Wages in the state of Washington are on average the highest of the three states while California wages are routinely a minimum of 20% higher than in Oregon.

Central Oregon Hourly Wages Compared to California & Washington

Select Occupations Central Oregon

OR CA WA

TRADE

Truck Driver, Heavy $16.97 $18.06 $19.82 $19.76

Secretary $13.95 $15.13 $16.91 $17.33

Receptionist $12.26 $12.17 $13.28 $13.09

Customer Service Representative $13.26 $14.48 $17.05 $15.81

Electrician $27.48 $30.48 $26.24 $29.72

Police/Sheriff Patrol Officer $28.12 $27.94 $38.19 $31.75

Carpenter $18.30 $19.39 $25.19 $22.78

Industrial Machinery Mechanic $21.70 $22.66 $25.52 $25.37

COMPUTER & TECHNICAL

Computer Systems Analyst $35.63 $36.93 $39.67 $39.31

Network Systems Administrator $28.10 $32.16 $36.65 $36.57

Computer Support Specialist $21.12 $20.67 $23.59 $23.98

Database Administrator $22.72 $36.60 $39.32 $37.11

PROFESSIONAL

Marketing Manager $41.43 $47.22 $63.01 $56.75

Industrial Production Manager $36.90 $40.33 $44.14 $46.52

General & Operations Manager $34.47 $42.91 $51.98 $55.07

Financial Manager $42.96 $47.20 $56.12 $48.55

Registered Nurse $36.19 $35.62 $40.22 $34.91

Dental Hygienist $36.80 $37.66 $43.51 $44.50

Physical Therapist $32.86 $35.70 $39.55 $35.23

OTHER

Food Service Manager $20.37 $23.50 $23.47 $27.86

Retail Sales Supervisor $16.89 $16.88 $18.09 $18.46

Lodging Manager $20.03 $21.12 $23.61 $31.65

Chef & Head Cook $21.24 $18.96 $21.73 $18.42 Sources: Oregon Employment Department, Washington State Employment Security Department, and California Employment Development Department. Note: Oregon median wages are for full year 2010, CA and WA median wages are for Q1 2010, the most current available data.

COVERED EMPLOYMENT & PAYROLL, INDUSTRY MIX

Covered employment payroll is used to determine the "average" wage (also referred to as the "family wage" for some economic development programs) for each of Oregon's 36 counties. Total wages for all non-farm sectors, private and public, are divided by total employment. On the following page are number of business establishments (units), employment, payroll, and average pay in the Tri-County area (Crook County, Deschutes County, and Jefferson County) as well as a chart depicting the region’s industry mix.

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Page 4

Tri-County Covered Employment in 2010

Industry Units Employment Payroll Average

Annual Pay Total All Ownerships 7335 70,400 $2,468,477,875 $35,064

Total Private Coverage 7011 58,110 $1,955,630,576 $33,654

Natural Resources & Mining 161 1063 $30,252,674 $28,460

Construction 983 3,325 $127,369,358 $38,307

Manufacturing 331 5,083 $202,236,020 $39,787

Wholesale 365 2,248 $110,747,139 $49,265

Retail 814 9,968 $254,680,724 $25,550

Transportation, Warehousing & Utilities 167 1,587 $76,136,746 $47,975

Information 142 1,430 $68,815,051 $48,122

Financial Activities 759 3,606 $152,887,884 $42,398

Professional & Business Services 1119 6,903 $250,574,616 $36,299

Education & Health Services 732 10,318 $452,525,954 $43,858

Leisure & Hospitality 673 9,929 $163,610,168 $16,478

Other Services* 770 2,652 $65,764,837 $24,798

Total All Government 325 12,290 $512,847,299 $41,729

Annual Average Wage $16.86

Source: Oregon Employment Department. * Other Services includes Private Non-Classified.

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

Other Svcs 4%

Leisure & Hosp 14%

Educ & Health Svcs 15%

Prof & Business Svcs 10%

Fin'l Act 5%

Wholesale 2%

Transp, Whsg, Util 2%

Retail 14%

Mfg 7%

Constr 5%

Nat'l Res & Mining 1%

Info Svcs 2%

Government 19%

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ECONOMIC DEVELOPMENT F O R C E N T R A L O R E G O N

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Page 5

COST OF DOING BUSINESS IN OREGON

Overall, Oregon has a long established national status for being a cost competitive location for busi-ness. Recent rankings include:

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 opera-tions, and an affordable property tax system. Average industrial, commercial, and residential power costs nearly half those in California and on average 25% below national averages. With steady in-migration, labor costs are also among the most affordable on the West Coast. In 2011 Oregon's workers’ compensation pure premium rate decreased by 1.8 percent, marking a national record of 21 years without an increase (saving Oregon employers $18.2 billion) and five straight years of de-creases. Workplace safety administration, a far smaller component of workers’ compensation, is increasing and the pure premium rate decrease will be used to offset it. For employers, the net result is that the 2011 charge will remain flat at $1.48 per $100 of payroll.

Oregon's Workers' Compensation Rates(21 Years Without an Increase)

$3.84

$2.48

$1.81 $1.70

$1.48

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Year

Rate

Per

$1

00

/P

ayro

ll

State Cost Factors

Sales tax: None in Oregon

Inventory tax: None in Oregon

Corporate income tax: 6.6% on taxable income greater than $0; 7.9 % on taxable income $250,000 for 2010-11.

Workers’ compensation: The pure premium rate $1.48/$100 of payroll remains flat from prior year and re-flects 21 years of decreasing or flat rates.

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 2011 taxable wage base is $32,300.

Vehicle registration: $86 for two-year renewal

Source: EDCO Business Research, March 2011

� Forbes: Oregon #6 Best State for Busi-ness (2010)

� Ernst & Young: Oregon has #1 lowest ef-fective tax rate for business (2010)

� Business Facilities: Oregon ranks in the top 10 states for overall business climate and business tax climate (2009)

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ECONOMIC DEVELOPMENT F O R C E N T R A L O R E G O N

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

Page 6

0

5

10

15

20

25

Jan-

79

Jan-

81

Jan-

83

Jan-

85

Jan-

87

Jan-

89

Jan-

91

Jan-

93

Jan-

95

Jan-

97

Jan-

99

Jan-

01

Jan-

03

Jan-

05

Jan-

07

Jan-

09

Unemployment Rate (not Seasonally Adjusted): 1979 - 2010

U.S. Oregon Deschutes County

EMPLOYMENT GAINS IN THE LAST DECADE

Over the last decade, jobs in the United States have con-tracted by 1.52%. In a similar pattern, Oregon and its largest MSA, the greater Portland area, have contracted slightly.

Of the Tri-County area, Deschutes County has been the growth driver. Not only has Deschutes County led employ-ment 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.

UNEMPLOYMENT TREND

The chart below from Oregon’s Employment Department provides an historical picture of unemployment in Deschutes County relative to the state of Oregon and the nation. In general, Oregon’s unemployment rate tracks higher than the national rate, while Deschutes County trends above Oregon and shows greater volatility. Because of Central Oregon’s continued in-migration, job creation typically lags population growth. In the most recent recession, unemployment peaked in 2009. Although still high, unemployment is now on a noticeable downward trend. At the sector level, nearly one-half of job losses between 2007, 2008, and 2009 in the Tri-County area were associated with construc-tion, real estate (and related professional services) and manufac-turing. Today, one in four manufacturing jobs in Central Oregon is producing some type of building product, com-pared to 20 years ago when one of every two manufacturing jobs was in wood products. While high unemploy-ment isn’t desirable for the job seeker, it does provide significant ad-vantages to employers seeking a qualified, available workforce.

Employment Gains 2001-2010 (Annual average nonfarm employment, not adjusted for seasonality)

Area 2001 2010 % Change

Bend MSA (Deschutes County) 53,470 60,480 + 13.11%

Salem MSA 139,000 143,400 + 3.17% GA

INS

Corvallis MSA 37,330 37,370 + 0.11%

Portland MSA 965,700 965,500 - 0.02%

Oregon 1,605,500 1,599,900 - 0.35%

Medford MSA 74,660 74,360 - 0.40%

Eugene-Springfield MSA 142,500 140,500 - 1.40%

U.S. 131,826,000 129,818,000 - 1.52%

Jefferson County 6,200 5,660 - 8.71%

LO

SS

ES

Crook County 6,200 5,390 - 13.06%

Source: Oregon Employment Department

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Page 7

HOUSING COSTS

Median and Average Home Prices

As with much of the rest of the country, residential prop-erty prices peaked to all-time highs in 2006 and have since seen marked declines. For median home prices, Sun-river has seen the smallest per-centage drop (-27.4%), while Crook County saw prices de-cline 54.3%, the largest per-centage in the region. Speculation fueled a con-struction boom - Bend and Redmond were issuing more building permits than other West Coast cities 10 times larger. Today, the market is finding a new equilibrium, al-though 40% of overall home sales in the past three years have been distressed (short sale or bank-owned), and prices in many areas are still below replacement cost.

Median Sale Price of Existing Single Family Homes

Crook Co.

Bend

Redmond

La Pine

Sisters

Sunriver

Jefferson Co.

U.S.

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

2005 2006 2007 2008 2009 2010

Average Home Price (residential, less than one acre)

2005 2006 2007 2008 2009 2010 Crook County $154,906 $212,173 $224,151 $206,874 $145,040 $120,537 Bend $334,570 $406,122 $426,044 $353,142 266,319 $245,069 Redmond $226,238 $292,268 $286,543 $245,204 170,739 $142,402 La Pine $163,971 $202,331 $237,665 $180,153 126,606 $110,632 Sisters $449,979 $514,259 $526,626 $437,636 372.483 $295,488 Sunriver $501,764 $627,345 $637,734 $628,979 458,614 $455,550 Jefferson County $131,493 $170,228 $187,367 $144,146 145,040 $78,376 U.S. $267,400 $268,200 $266,000 $242,700 216,900 $220,000 Sources: Central Oregon Association of Realtors (COAR), National Association of Realtors

Median Home Price (residential, less than one acre)

2005 2006 2007 2008 2009 2010 Crook County $149,375 $195,500 $199,450 $177,500 $112,000 $91,100 Bend $279,900 $351,978 $345,000 $289,450 $212,000 $191,750 Redmond $198,818 $262,749 $250,000 $216,000 $147,500 $123,450 La Pine $148,450 $183,500 $215,000 $160,000 $109,000 $99,900 Sisters $394,250 $460,000 $415,000 $367,450 $286,250 $223,750 Sunriver $462,500 $575,000 $548,547 $555,738 $402,000 $417,500 Jefferson County $133,500 $165,080 $177,950 $139,950 $89,900 $69,950 U.S. $219,000 $221,900 $217,900 $196,600 $172,100 $173,200 Sources: Central Oregon Association of Realtors (COAR), National Association of Realtors

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Page 8

Real Estate Valuations

Real Market Value of Tri-County Real Estate (in billions)

$28.05

$37.18

$44.45$43.70

$13.74$16.43 $17.28

$19.09$21.08

$24.50

$33.30

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$50.00

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Year

RM

V in

billio

ns

Average Monthly Rent

In 2010, the rental housing market began to stabilize and prices are now rebounding, particularly at the upper end of the market with single family homes, newer duplexes and three-bedroom apartments. This is due to the unfortunate migration of former homeowners to renters as a result of home foreclosures and short sales. Overall, property management companies report that rental demand is increasing while vacancy rates are decreasing, with the exception of the lower end of the market, one and two bedroom apartments in older complexes, where renters are more price sensitive. We expect to continue to see upward pressure on rental pricing.

Average Monthly Rent ($ monthly for a 3 bedroom home)

2005 2006 2007 2008 2009 2010

Bend $935 $965 $1,005 $969 $969 $1,012

Redmond $673 $919 $885 $863 $863 $911

Jefferson County $673 $672 $842 $849 $849 $817

Crook County $724 $748 $846 $809 $809 $847

Source: Central Oregon Rental Owners’ Association (COROA); March 2011

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Page 9

VALUATIONS

Financial Institutions

Central Oregon is home to 19 financial insti-tutions (13 commercial banks, 3 savings in-stitutions, and 4 credit unions) which collec-tively have 80 branches in the region. In 2010, the total FDIC-insured deposit base for the region was $2.98 billion, a 4% drop from 2009. As a result of bank takeovers in 2009 and 2010 (JPMorgan Chase acquired all Wash-ington Mutual branches, Home Federal Bank acquired Community First and Liberty Bank branches, and Columbia State Bank ac-quired Columbia River Bank branches) bank ownership in Central Oregon has a higher representation of national institutions. However, only one branch was shuttered as a result of the takeovers. Bank of the Cascades, High Desert Bank, and Mid Oregon Credit Union are headquar-tered in Bend, while South Valley Bank, PremierWest Bank, Umpqua Bank and West Coast Bank are Oregon based. Reflecting higher than average deposit wealth, Central Oregon supports a signifi-cant number of financial planning and in-vestment firms.

UTILITIES SERVING CENTRAL OREGON

Natural Gas

Natural gas is widely available throughout Central Ore-gon and is supplied by Cascade Natural Gas Corpora-tion (888-522-1130) serving more than 44,000 indus-trial, commercial and residential customers. Potential users for the Large Volume—General Service rate should contact EDCO for additional information about rates and options. Electric Companies Central Oregon providers are: � Pacific Power (PP), 888-221-7070 � Central Electric Cooperative (CEC), 541-548-2144

For all sectors, Oregon’s electrical rates are well be-low the national average. For industrial customers, Central Oregon providers offer rates up to nearly 20% below the national average and 50% below neighbor-ing California.

Summary of Deposits for the Tri-County Region (in millions)

Number of Institution Institutions Branches

Deposits Base

Commercial Bank 13 69 $2,695,726 Savings Institution 3 11 $286,005 Total 16 80 $2,981,731 Source: FDIC Summary of Deposits as of 6/30/2010 (most current available)

Banks, Savings Associations, and Credit Unions in Central Oregon (as of March 2011)

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 Wells Fargo Bank Northwest Community Credit Union West Coast Bank Northwest Farm Credit Services Source: FDIC Summary of Deposits & EDCO Business Research

Value of Financial Deposits (in millions)

2000 2005 2010 Crook County $115 $210 $213 Deschutes County $1,065 $1,990 $2,635 Jefferson County $89 $111 $133 Tri-County Total $1,269 $2,311 $2,981 Source: FDIC Summary of Deposits

Natural Gas Rates User Base

ChCost Per Therm

Commercial $3.00 $1.00

Industrial $12.00 $0.93

Large Volume–General* Included $0.90

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

Average 2010 Electricity Rates (in cents, per kwh)

U.S. CA OR CEC PP Industrial 6.79 10.88 5.45 5.52 5.47 Commercial 10.26 13.96 7.64 5.63 7.11 Sources: City of Redmond, U.S. Dept. of Energy Administration

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Page 10

Source: U.S. Census Bureau, American Community Survey, 2005-2009, Five Year Estimates.

Age Distribution in Central Oregon

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

< 5 Yea

rs

5 to 9

10 to

14

15 to

19

20 to

24

25 to

34

35 to

44

45 to

54

55 to

64

65 to

74

75 to

84

85 +

Age Group

Po

pu

lati

on

Water & Sewer 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 indus-trial rates are based on meter size; please contact EDCO for specifics.

POPULATION GROWTH

The U.S. Census Bureau’s 2010 popu-lation numbers for Central Oregon vary considerably from estimates pro-vided by Oregon’s official population estimator, Portland State University’s Population Research Center. In gen-eral, PSU’s estimates exceed census counts and the variances are largest in Crook County, in Bend and Deschutes County Unincorporated areas. Using either source, population in the Tri-County area surpassed the 200,000 mark with growth exceeding 30%, making the region one of the fastest growing in the nation. Using Census Bureau numbers, Bend con-servatively added nearly 25,000 resi-dents and Redmond 12,700.

AGE DISTRIBUTION

Central Oregon’s age profile is slightly older than that of the U.S; median age for Central Oregon is 39.5 vs. 36.5 for the nation. In the Tri-County area, there is a slightly higher percent over 55, not surprising with the in migration of affluent semi-retirees and retirees. However, each county within Central Oregon has its own age profile. Crook County has the most individuals 65 and older (16.5%) while Jefferson County—the youngest—has the fewest (12.6%) with Deschutes (13.6) falling in between.

In terms of those under 18 years of age, Jefferson has the highest percentage (27.8%) and Crook County (23.5%) and Deschutes (23.0%) have fewer. Jefferson County’s age distribution is influenced by its racial and ethnic composition—of the three coun-ties, Jefferson County has the greatest diversity and its younger population is more likely to be Hispanic or Native American.

Central Oregon Population: 200,431 … or higher? Census Bureau PSU

Area 2000 2010

2000-10 Growth

2010 2000-10 Growth

Crook County 19,182 20,978 9.4% 27,280 42.2% Deschutes County 115,367 157,733 36.7% 172,05 49.1% Bend 52,029 76,639 47.3% 83,125 59.8% La Pine NA 1,653 NA 1,635 NA Redmond 13,481 26,215 94.5% 25,945 92.5% Sisters 959 2,038 112.5% 1,935 101.8% Unincorporated 48,898 51,188 4.7% 59,410 21.5% Jefferson County 19,009 21,720 14.3% 22,865 20.3% Total Population 153,558 200,431 30.5% 213,31 38.9% Sources: Portland State University (Center for Population Research; July estimates each year) and U.S. Census Bureau. Note: PSU estimates are determined using metrics such as birth and death records, state income tax returns, Medicare data, non-payroll farm information, housing, and permits filings among other data. Cen-sus data are determined by a decennial count.

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Racial Composition of the Tri-County Area

Asian 1%

American Indian 3%

Black <1%

White 91%

Multi race 3%

Other 2%

Pacific Islander<1%

Source: U.S. Census Bureau, American Community Survey, 2005-2009, Year Estimates. Income inflation-adjusted to 2009 levels.

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Source: U.S. Census Bureau, American Community Survey, 2005-2009, Five Year Estimates. Income inflation-adjusted to 2009 levels.

HOUSEHOLD INCOME

Average household income in the Tri-County area varies; Crook County is at $55,063, Jefferson at $51,799 and Deschutes County at $67,974, yielding a com-posite for the region of $64,926. Family households, which ac-count for nearly 70% of all household types, have higher income but show the same pattern. The regional average family income is $73,695; Crook is at $61,223, Jefferson at $57,054 and Deschutes at $77,763. Income in Central Oregon is usually lower than the

Portland metro area—primarily a result of new residents who migrate to the area for lifestyle reasons, combined with fewer job opportunities than in metro areas, which together create downward pressure on wages.

DIVERSITY

Overall, the Tri-County region has little racial diversity, with 91% of the popu-lation describing themselves as White, and the next significant categories (Native American and Multi race) at 3% each. But as noted under Age Distribution, diversity varies considerably among the three counties. Jefferson County has the most Native Americans, including the city of Madras and the Confederated Tribes of Warm Springs. In terms of ethnicity, which the U.S. Census Bureau counts separately from race, Jefferson County has both the great number and percent of individuals who designate their ethnicity as Hispanic or Latino.

Source: U.S. Census Bureau, American Community Survey, 2005-2009, Five Year Estimates.

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Educational Attainment in the Tri-County Area (Adults 25 years and older)

Some College, no Degree 27%

Associate's Degree 10%

Bachelor's Degree 17%

Graduate or Professional Degree 9%

Less than 9th Grade 3%

9th-12th Grade, no Diploma 7%

High School Graduate 27%

Perhaps most significant though is the growth of the Hispanic population from 2000 to 2010 throughout the Tri-County area. In raw numbers, Central Oregon’s His-panic population has nearly doubled in the last decade, growing from just under 9,000 to over 17,000. Redmond saw the largest growth in Hispanics of any large city in Oregon. The Hispanic population is also younger, reflected in the percent of the population under 18 (at right).

EDUCATIONAL ATTAINMENT

Overall educational attainment in Central Oregon compares favorably with the national profile. The Tri-County area has far fewer individuals who have less than a 9th grade education or have not graduated from high school. Similarly, there are more Central Oregon residents who have attended college or earned an Associates degree. Looking at those with a Bachelor’s degree or higher, Central Oregon is nearly equivalent (26%) to the nation (27%). Educational attainment also varies significantly by county. Deschutes County has the most individuals with a Bachelor’s Degree or higher (29%), making it second in Oregon for college degrees.

Deschutes County’s higher education levels reflect continued in-migration to the area and the concentration of jobs that require a college degree or more. Typically those jobs are found in these key industry sectors: Fi-nancial Activities, Professional & Business Services, Health Services, Information Ser-vices, and Manufacturing. Relative to the U.S. average of graduating High School (29.3%), Crook and Jefferson Counties exceed the national standard at 35.5% and 29.3%, respectively. Con-versely, when looking at the proportion of the adult population which has attained a Bachelor’s degree or higher, Deschutes County at 28.9% exceeds the national aver-age of 27.5%, while Crook County at 15.9% and Jefferson County at 14.1% lag.

Hispanic Makeup of Central Oregon Total Population Population <18 Population % Hispanic Population % Hispanic Crook County 20,978 7.0% 4,600 13.7% Prineville 9,253 10.1% 2,357 16.9% Deschutes County 157,733 7.4% 36,221 13.0% Bend 76,639 8.2% 18,163 13.5% La Pine 1,653 5.8% 371 10.5% Redmond 26,215 12.5% 7,313 19.2% Sisters 2,038 7.1% 536 12.3% Jefferson County 21,720 19.3% 5,490 33.3% Madras 6,046 38.5% 1,862 54.6% Culver 1,357 30.4% 491 41.1% Metolius 710 23.7% 186 31.7% Statewide 3,831,074 11.7% 866,453 20.8% Source: U.S. Census Bureau

Educational Attainment in Central Oregon (Adults 25 and older)

Crook Deschutes Jefferson Population 25 Years and Over 15,663 105,092 12,760 Less than 9th Grade 3.9% 2.1% 8.8% 9th to 12th Grade, no Diploma 10.8% 6.0% 10.9% High School Graduate 35.5% 25.0% 37.3% Some College, no Degree 27.4% 27.6% 22.0% Associate’s Degree 6.6% 10.4% 6.8% Bachelor’s Degree 10.6% 19.2% 9.5% Graduate/Professional Degree 5.3% 9.7% 4.6%

Source: U.S. Census Bureau, American Community Survey, 2005-2009 Five Year Estimates

Source: U.S. Census Bureau, American Community Survey, 2005-2009, Five Year Estimates.

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EDUCATION Public Schools

Six major public school districts serve over 30,000 Central Oregon students. For the first time in nearly two decades, overall enrollment stayed virtually the same: 30,637 students in 2010 and 30,899 the prior year. For the past 15 years, student enrollment growth has necessi-tated the construction of at least one school an-nually—a remarkable statistic that spans two business cycles. Central Oregon is also home to numerous pri-vate schools, notably:

� 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. Nearly 16,000 students are enrolled in the District’s 28 schools. The District employs more than 1,550; of the 761 teachers, 98.4% meet the state definition for Highly Qualified Teacher. For the five high schools in the District, the average dropout rate during the 2008-09 year was a low 2.1%, below the state average. Within five years of graduation, 90% of Bend-La Pine students will pursue post-secondary education or training. In 2008-09, students were awarded more than $8.4 million in scholarships. Since 2000, students in the Bend-La Pine District have continually scored higher on SAT tests than their peers nationwide or statewide.

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. Enrollment at COCC has increased dramatically with Central Oregon’s growth and more residents returning to school during the recession. COCC provides a variety of courses and programs at its current Bend and Redmond campuses, with addi-tional campuses to come online in Madras and Prineville later in 2011. 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. The Business and Employee Development department delivers industry-specific courses and workshops tai-lored to business and industry’s changing needs. COCC also offers a wide range of continuing education for personal and professional development. 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.

School District Students Schools Website Crook County

Crook SD 2,907 10 crookcounty.k12.or.us

Deschutes County

Bend-La Pine SD 16,100 27 bend.k12.or.us

Redmond SD 7,003 12 redmond.k12.or.us

Sisters SD 1,235 3 sisters.k12.or.us

Jefferson County

Jefferson SD 509J 2,756 8 jcsd.k12.or.us

Culver SD 636 3 culver.k12.or.us

Tri-County Total 30,637 63 Source: Oregon Department of Education; local school districts

2010 SAT Scores Bend-La Pine 1620 Washington 1564 Oregon 1546 California 1517 U.S. Average 1509 Nevada 1470 Sources: College Board & Bend-La Pine School District

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Sources: OSU-Cascades & COCC. 2006-2010 enrollment is for Fall term, 2011 is for Winter term.

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COCC OSU-Cascades COCC headed to OSU

In November 2009, Central Oregon voters passed a $41.8 million bond that enables COCC to expand its geographic footprint in the Tri-County area and to build infrastructure to meet the demands of increasing en-rollment. The bond funds the following projects:

� New Madras Campus: an 8,500 SF building is scheduled to open Fall 2011.

� New Prineville Campus: a 12,300 SF building, part of the OSU Open Campus initiative, is scheduled to open Fall 2011.

� Expansion of the Redmond Campus: A new Technology Education Center is scheduled to open in Fall 2013 and will offer technical course work in a variety of fields, including: Aviation/Aerospace, Manu-facturing/Engineering, Sustainability/Green Jobs, and Graphic/Creative Arts.

� Expansion of the Bend Campus: a 45,000 SF Health Careers building provides a new home for all of the college’s health programs; it is scheduled to open late 2011 or early 2012. Concurrently, renova-tions are being made to Ochoco Hall’s classrooms to help meet the needs of expanding enrollment.

Oregon State University – Cascades Campus

Located in Bend, OSU-Cascades features outstanding faculty in degree programs that reflect Central Ore-gon’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 Man-agement, Tourism and Outdoor Leadership, and Hospitality Management. Additional four year programs that complement Central Oregon’s varied industries are being reviewed and should be online in the coming years. As part of its Hospitality Management program, OSU-Cascades works with Cornell University’s School of Ho-tel Administration, offering executive education courses to hospitality leaders on the West Coast. Considered the world leader among hotel management 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 experi-ence where students take freshman and sophomore courses at COCC and junior and senior courses at OSU. Call 541-322-3100 or visit www.osucascades.edu.

Demand for Higher Education

Enrollment increases, or “demand” for higher education, have been propelled by a variety of reasons: Central Oregon’s growing population base, national economic re-cession, job training and re-training, and gaining traction at OSU-Cascades Campus as program offerings expand and the branch gains in reputation. EDCO works in partnership with COCC and OSU-Cascades, both with Directors serving on EDCO’s Board, to ensure that program offerings align with business needs.

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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.

� 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

TELECOMMUNICATION

Built largely over the last decade, Central Ore-gon’s telecommunications infrastructure is one of the Northwest’s most technologically ad-vanced, meeting business and telecommuting requirements for capacity, redundancy and reli-ability. High-end data services, typically offered only in large metro areas, include Ethernet ac-cess rates up to 10Gb. Several local providers focus purely on the commercial marketplace. Services are delivered to residential and com-mercial customers across a number of access options including land line (copper), high speed fiber optics, and wireless (WiFi, WiMax and se-cure 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. In 2010 BendBroadband won a federal broadband infrastructure grant for $4.4M to deploy fiber infrastruc-ture 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 pres-ence in the four cities, OTN network in the middle mile, and a combination of Optical Metro Ethernet and Ge-PON in the last mile. The result will be a comprehensive, regional 40 Gbps fiber ring. With a strong history of investing in cutting edge technology early, BendBroadband’s (BBB) nationally recog-nized reputation for innovation has made Central Oregon a telecommunications oasis, on par with far larger metro areas. In 2009, BBB deployed one of the fastest wireless U.S. broadband networks when it rolled out HSPA+ (speeds up to 15Mbps). Other recent tech accomplishments include launching wideband services (up to 60Mbps) in 2009 and going all-digital in 2008. In early 2011, the company opened its BendBroadband Vault, a data center which offers co-location services to businesses in Central Oregon and beyond. The en-terprise-class data center is LEED certified and staffed with engineering experts to provide professional ser-vices to business customers.

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 four-hospital 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.

Telecom Resources in Central Oregon Carriers & Providers

BendBroadband, BendTel, Qwest (CenturyLink), Quantum Communications, Bendnet

Wireless Internet

Community Broadband, Webformix, Yellowknife Wireless

Cable BendBroadband, Chambers Cable, Crestview Cable

Resellers & Integrators

Integra Telecom (Internet & voice)

Telephone Interconnect

ACT Cascades, CascadeTel

Cellular AT&T, Sprint, T-Mobile, US Cellular, Verizon

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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 rec-ognized 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. AirLink Critical Care Transport provides emergency air ambulance service, covering 130,000 square miles in Oregon with its three aircraft. With bases in Bend and La Grande, AirLink responds 24/7 to medical crises in the region’s most remote areas, flying on average four lifesaving missions every day. In addition to a full-time pilot, a critical care nurse and a respiratory therapist with advanced training in heart, trauma and emergency care are aboard each flight, able to provide Level II and III trauma services at a moment’s notice.

MEDIA

� 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 alter-native weekly newspaper round out the print news options.

� Radio: Three privately-held companies (Horizon Broadcasting, Bend Radio Group, and Combined Communica-

tions) collectively own 14 radio stations plus there are two independent operators. Spanish language station, Radio La Bronca, entered the market in 2006 to capitalize on the growth of the region’s Latino population.

� Television: KTVZ TV 21 is the NBC affiliate, KOHD TV 53 is the Bend bureau for Eugene-based ABC affili-

ate 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.

� 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

Serving the entire Central Oregon region, Roberts Field/Redmond Mu-nicipal Airport (RDM) is the North-west’s 16th largest commercial air-port. After a drop in passenger traf-fic in 2009, RDM resumed its growth pattern in 2010. Air service is provided by Alaska/Horizon Air, Delta and United Airlines served by SkyWest, and Al-legiant Air. These carriers offer about 40 flights daily to Denver, Las Vegas, the Phoenix area, Portland, Salt Lake City, San Francisco and Seattle.

Source: City of Redmond

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RDM just completed a 3-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. General Aviation Airports � The Bend Municipal Airport is identified as a Category 2, High Activity Business and General Aviation

airport by the Oregon Department of Aviation. The 5,200 by 75 foot runway is in excellent condition. Re-cent projects include the addition of an east side taxiway completed in late 2010, the improvement of the west side taxi way, and a new airport master plan scheduled for completion by spring 2012. Avgas, jet fuel and aircraft maintenance are offered through the full-time Fixed Base Operator (FBO) on duty.

� 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 mil-lion in FAA grants allowed the airport to extend the main runway from 5,000 feet to 5,750 feet and widen it from 60 feet to 75 feet. 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 of-fered through the full-time Fixed Base Operator (FBO) on duty.

� The Madras Municipal Airport and industrial site is a fast growing Category 4 airport for general avia-tion 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 this year. A newly adopted 20 year master plan calls for 1,800 feet of new street and a new ADSB (Automatic Dependant System Broadcast) antenna site. A $2.2 million Connect Oregon III project, expected to be complete in summer 2011, is funding additional navigation aids and runway/taxiway lighting, an automated weather observation system, and new taxiway and ramp improvements.

� 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

� For air freight, Central Oregon is served by Federal Express, United Parcel Service, and US Postal Service Express mail.

� 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. The 17+ trucking companies that operate in Central Oregon utilize Hwy 97 to access Interstate 5 (north-south) and Interstate 84 (east-west), reaching the Northwest’s metro ar-eas.

� 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. Am-trak provides passenger rail service to Central Oregon via the Chemult station, about 60 miles south of Bend on Hwy 97.

� For transit within Central Oregon, the merger last year of Cascades East Transit (CET) and Bend Area

Transit created a single regional bus system. Managed by Central Oregon Intergovernmental Council (COIC), CET provides service within the City of Bend, and between Bend and the following cities: La Pine, Prineville, Madras, Culver, Metolius, Warm Springs Redmond, and Sisters.

� 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 Trans-

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portation 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.

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 re-gion 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 gra-dients: 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. The geographical climate for Central Oregon is predominately High Desert. Summer temperatures range from an average high of 85° to a low of 44° Fahr-enheit 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 win-ter months.

CHAMBERS OF COMMERCE AND OTHER BUSINESS RESOURCES

Chambers of Commerce Other Organizations Bend Chamber 541-382-3221 | www.bendchamber.org

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

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

La Pine Chamber 541-536-9771 | www.lapine.org

Madras/Jefferson County Chamber 541-475-2350 | www.madraschamber.com

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

Prineville/Crook County Chamber 541-447-6304 | www.visitprineville.com

Redmond Chamber 541-923-5191 | www.redmondcofc.com

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

Sisters Area Chamber 541-549-0251 | www.sisterscountry.com

Sunriver Chamber 541-593-8149 | www.sunriverchamber.com

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

City Elevation La Pine 4300’ Sunriver 4100’ Bend 3623’ Sisters 3200’ Redmond 3077’ Prineville 2868’ Madras 2242’ Warm Springs 1575’

Bend, Oregon Weather Profile Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average High (°F) 41° 46° 51° 57° 65° 74° 81° 80° 74° 64° 48° 41° Average Low (°F) 21° 24° 26° 28° 34° 41° 45° 44° 37° 31° 27° 22° Mean (°F) 32° 36° 38° 44° 50° 57° 64° 64° 55° 47° 38° 32° Average Precipitation (inches) 1.8 1.0 0.9 0.6 0.8 0.9 0.5 0.6 0.5 0.7 1.6 2.0 Source: CountryStudies.us

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ADDITIONAL BUSINESS RESOURCES

Organization Services

Economic Development for Central Oregon (EDCO) 541-388-3236 | 800-342-4135 [email protected] | www.edcoinfo.com

� 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

� Confidential business counseling � Business/marketing plan development and review � Business seminars � Market research data

Oregon Business Development Department (OBDD) 541-388-6266 | http://econ.oregon.gov

� Business loans and grants � Workforce training grants � International trade assistance

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

� 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

� Business loans and grants � Workforce skills training

Opportunity Knocks (OK) 541-318-4650 | www.opp-knocks.org

� Confidential peer-to-peer problem solving � Business seminars

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

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

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

� Custom solutions to workforce needs � Partnership of OED, COCC, COIC, EDCO, and Vocational Reha-

bilitation

Business Network International (BNI) 541-526-0639 | www.bni.com

� Business referrals, networking and marketing coordination for small businesses

TRAVEL DISTANCES FROM BEND

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 rela-tively straightforward. Using either the northern High-way 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 6 hours and parts of the Bay Area can be accessed in 8 or 9 hours. Los Angeles, at nearly 14 hours, tests the outer limit of a day’s drive.

Distance from Bend, Oregon Drive Time

City State Miles Hours Minutes

Portland OR 145 3 hours 3 minutes Medford OR 189 4 hours 6 minutes Olympia WA 251 4 hours 44 minutes Seattle WA 311 5 hours 42 minutes Boise ID 323 6 hours 33 minutes San Francisco CA 507 9 hours 0 minutes Los Angeles CA 838 13 hours 48 minutes Source: Rand McNally

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ECONOMIC DEVELOPMENT 109 NW Greenwood Ave. Suite #102 | Bend OR 97701 www.edcoinfo.com | 541-388-3236 | 800-342-4135 F O R C E N T R A L O R E G O N

ABOUT EDCO

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Origins EDCO Offices

Main Office (Bend) 109 NW Greenwood Avenue Suite 102 Bend, OR 97701 541-388-3236 Executive Director: Roger Lee Bend Manager: Eric Strobel Redmond 446 SW 7th Street Redmond, OR 97756 541-923-5223 Manager: Jon Stark Prineville/Crook County 187 NW 2nd Street 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

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 31 years ago in the midst of a significant recession when the region was entirely dependent on the timber industry and many businesses in downtown Bend were boarded up. City leaders recognized the need to develop an organization that would direct and lead efforts to diver-sity Central Oregon’s industrial base. Looking to attract jobs that provide family wage incomes and create addi-tional jobs in the economy, EDCO has focused on what are called traded sector companies. These are companies that make products or provide ser-vices to customers primarily outside Central Oregon and thus, help enlarge our regional economic pie. To most effectively reach Central Oregon's di-verse communities, EDCO operates three satellite offices in addition to its main office.

Focus

Today, EDCO has three key goals:

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

EDCO Platinum Members Bend Memorial Clinic BendBroadband Cascade Natural Gas Central Electric Cooperative, Inc. Central Oregon Community College 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 Qwest Communications St. Charles Health System U.S. Bank

2. Provide substantive assistance to existing Central Oregon compa-nies to retain and grow the region’s existing company base. This involves helping companies expand and increasing their pro-ductivity and profitability.

3. Grow our own local companies by helping its many entrepre-neurs 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 com-ing from public entities (counties and cities) and the other half from pri-vate 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. ����

© Copyright EDCO 2011