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Veranda Glen neighborhood description

I just realized I had added the neighborhood, but never got a description in. Veranda Glen is off of OB Riley Road in Bend and is a little known neighborhood near the river and trails and at the base of Awbrey Butte. It is basically 10 houses on Fresca Street that are nicely built. I lived there and would not recommend it as a place to buy due to the large amount of foreclosures and overbuilding in neighboring subdivisions such as Prospect Pines. Originally the homes were sold for 400-500k and foreclosures have dropped those homes to about 250k. I expect it will take a long, long, time for things to recover on that street and that prices will still drop further. This is typical for many neighborhoods and this one was particularly hard hit by a builder who built several large homes on small lots and most of them were foreclosed or up for sale and it gave the impression something was wrong with the rest of the street because of all the for sale signs-I got this comment from many prospective buyers who saw my home and commented that it looked like the whole street was for sale and wondered what was wrong with the neighborhood. It is very unfortunate what happened to the neighborhood.

Posted Sunday Dec 27