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Tetherow ranked third on Golf Digest list

December 23, 2009 in News by admin

Chalk up another “best new course” award for Bend’s Tetherow Golf Club.

Golf Digest ranked Tetherow third on the magazine’s list of “America’s Best New Public Courses of 2009,” which will be released in Golf Digest’s January 2010 issue.

Golf Digest surveyed more than 900 panelists, who evaluated courses using five criteria: shot values, design variety, resistance to scoring, memorability and aesthetics. To be eligible, a course must have officially opened (or reopened after a remodel) between May 1, 2008, and April 30, 2009.

The southwest Bend golf club, which actually opened in July 2008, has become accustomed to national acclaim. Golf Magazine named the course, which was designed by Bend resident and famed architect David McLay Kidd, the “Best New Course of 2008.”

And the course made Golfweek’s list of “Best New Courses for 2008.”

from http://www.bendbulletin.com

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Custom Homes on the Rebound

November 22, 2009 in News by admin

For all those Americans with their wealth built in real estate, there is some good news to report: A marked increase in pre-sold custom-built homes appears to be on the rise. Stabilized and, in many cases, lower building material costs, coupled with lower interest rates offered by eager-to-lend financial institutions, may be part of the reason.

“Lumber composites (which include pine, spruce, and fir) have dropped over 34%. Panels (plywood) have dropped over 12%. The overall lumber market has changed very little over the past 24 months. With lumber on a ten-year low and little change in the market recently, one would tend to rationalize that drastic price decreases are not on the horizon,” said Todd Lewis, Senior Account Representative with 84 Lumber Company. “In combination with competitive quality labor prices, readily available lots, record low interest rates, and a down lumber market, now is the perfect time to build a home not only as everyone dreams of but also as a sound investment.”

“I have experienced more demand for large, high-end custom homes in the last three months than I had in the last two years combined,” said local builder Steve Baudo, owner of Baudo & Associates Home Builders, Inc. “We typically focus our efforts on homes starting around the $400,000 and up, but lately the bulk of interest seems to be in the $1,000,000 plus range. We are in the process of gearing up to meet the demand as our pipeline continues to fill up.”

Other gains in housing are being realized as well. Sales of newly built single-family homes turned upward in September, posting a 2.7 percent gain to a seasonally adjusted annual rate of 464,000 units, according to U.S. Commerce Department numbers released October 28, 2008. The report also indicated that builders are making substantial progress in winnowing down the month’s supply of unsold units on the market.

“It’s great to see some upward movement in new-home sales, particularly in light of the strong efforts that home builders have been making to bring supply and demand back into balance by limiting new construction and offering substantial price- and non-price incentives on already-built units,” said NAHB Chairman Sandy Dunn, a home builder from Point Pleasant (WV).

“In my opinion, people who have the financial ability, armed with the knowledge of cost savings realized through lower construction and financing costs understand that they can get more bang for the buck now rather than waiting. As the rest of the housing market starts to recover, construction costs will most certainly rise again. For someone thinking about building in the next twelve to twenty-four months, it just makes sense to act now rather than wait and pay thousands more for the exact same house, with the exact same features,” said Baudo.

Only time will tell if this good news will result in more positive reports for the real estate industry. For all those Americans with their wealth built in real estate, the wait, hopefully, will be shorter rather than longer.

Original article is here.

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Women Making Impact on Custom Home Market

November 22, 2009 in News by admin

Cathleen Gallagher could have bulldozed the home at 750 Toyopa in the glorious Huntington Palisades (CA) and turned over the rebuild to a “different” kind of builder. She could have hired someone to plan where each room would go, how they would work together to create the home’s flow, and pick all the finishes.

After all, men dominate the home building industry, and when it comes to custom homes, women are but a speck on the builder spectrum. Which is unfortunate, given the fact that, if Gallagher’s home–a magnificent display of smart floorplan choices and exquisite finishes–is any indication (and it is), women make mighty fine custom homebuilders.

“The reality is that the larger-scale builders have invested a lot of money to get a female perspective on their product, usually through the services of an interior designer,” said Tom Weston, president/CEO of Weston/Mason Marketing, a top Los Angeles-based independent advertising agency. “Typically these builders are male, and while very talented and capable of overcoming enormous challenges, they do sometimes overlook some of the realities of building a home that works for today’s family, which means emphasizing the woman’s perspective.

“In the custom market, it’s about anticipating needs at a more personal and detailed level,” he added. “Someone who naturally comes equipped with the female perspective and who also brings the necessary building/planning/designing skills offers a tremendous advantage.” National Association of Home Builders (NAHB) Women’s Council statistics from 2007 show that of the 2.8 million home construction firms in the U.S., only 201,000 of them are owned by women. Yet women play the major role in up to 91 percent of home purchases. It’s not hard to figure out the cavernous void that is being left–one that talented builders like Gallagher can ably fill.

“It’s not only that women make more of the home buying decisions; it’s also that they decide differently,” said Dave Harding, CMP, an NAHB National Sales Manager of the Year and Principal, Western Market Forces. “The single-greatest identifiable group of prospects–indeed constituting a majority of the population–is women. Male builders try to design homes then merchandise them to appeal to that largest demographic. But just as women (and men for that matter) dress for other women, what is more logical than women building for women? Not to exclude men, but to supplement man-think.

“Women are more often heads of state, secretaries of state and practitioners of real estate,” he added. “But, so few are actual builders. Look at the annual reports of the biggest public builders and you’ll see few pictures of women in leadership positions. It’s a huge missed opportunity. Cathleen has a built-in constituency. Her design and execution are superb. Not superb as a woman builder. Superb for a builder.” The Toyopa property was the first that Gallagher built, with seven more to follow in the past five years, and the intensive process she endures remains the same.

“When I look at a property before I buy it, I know what it will look like finished and how it will live,” she said. “I imagine everything from the style of the home to the rooflines to how the individual rooms will look.” Gallagher does all of the preliminary planning herself, and then turns over the plans to her architect for hand drawing. With finished plans in hand, she oversees the build every day on site to ensure that her vision is fully realized.

“The flexibility it would give me as a mom (to two daughters with her commercial director husband) was also important,” she added. “And, I saw there was a need for a woman’s touch, especially among the Pacific Palisades spec builders. In this niche, there were a lot of the same finishes and a pretty consistent lack of individuality. I wanted to bring together a great layout, great functionality, and exceptional style. I asked myself how a house could best function for both a man and a woman to be happy, and then I started designing.”

See the original article here.. http://realtytimes.com/rtpages/20090610_womencustom.htm

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Eagle Crest Modern

November 22, 2009 in Featured Homes by admin

Beautiful home in quiet exclusive Eagle Crest neighborhood. 3 bed and 2.5 bath. 1959 square feet per the builder. Walls of windows, passive solar benefits, large 2+ garage with room for all your toys.  Neighborhood featured in Residential Architect  magazine. Includes access to all of the Eagle Crest amenities. Close to Bend, Redmond, Sisters and the airport. Wonderful views of the Ochoco Mountains to the East.  Southside deck for sun and entertaining.