Top Adding - Real Estate

Real estate prices in Bend have been going up steadily over the last five years. According to statistics from the Multiple Listing Service of Central Oregon home prices have almost doubled in the last four year

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

s. The MLS shows that the number of sales of homes in the third quarter of 2006 was down 19.32%. However the average sales price was up 25.09% during the same period. These statistics can be misleading because

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

f the lag time of the new home sales and the final closing date.

Some new homes are put under contract before the foundation is poured. This can leave 6 to 12 months before the home is completed and closed. Al

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

statistics from the MLS are based on the "Sold" date. Therefore these statistics are skewed. The sale is not reflected properly.

Prices are actually coming down this fall and probably will continue through th

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

winter as the inventory continues to build. It is taking longer for homes to sell and there are more homes for buyers to choose from.

The real estate markets in California, Arizona, Florida and other key stat

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

es are leading indicators on how the market in Bend will do. In1989 real estate values in Bend jumped 35%. Out of state buyers from California, Florida, Arizona, Washington State and other hot markets were sell

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ng their homes for large profits and moving to Bend to buy larger homes. 1990 and 1991 saw the out of state markets dry up with prices falling. The Bend market followed these markets before it picked up again.

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

This winter is the time to buy real estate in Bend. There are homes on the market now that have been substantially reduced with seller's willing to take any reasonable offer. Some homes are vacant and can be bo

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ght with a lease-purchase. We look for the market and prices to pick back up next spring.

A report recently released by the Federal Deposit Insurance Corp., or FDIC reported that Bend is the 35th fastest growi

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ng job market in the country for the second quarter of 2006, wit a job growth rate of 4 percent during that period. The FDIC reported sales activity in Oregon fell 12 percent in the same quarter.

Building perm

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ts for single family homes have been constantly falling but the pace of building takes a while to slow down from the torrid pace of 2005. Builders have to develop the lots, get permits and start the constructio

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

. Construction of the average homes takes about six months. There are still new homes coming on the market today that were in the planning stages in 2005.

Some builders are also starting to offer more incentiv

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

s if you buy one of their homes. Upgrades in appliances, floor coverings, wood work, landscaping and other aspects of construction are now free. Some builders are also willing to pay points in order to help buy

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ers qualify for lower payments on their loans.

The National Association of Realtor's chief economist, David Lereah, predicted that sales through the rest of 2006 will be lower than earlier predicted. "This yea

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

, sales are slowing, homes are plentiful and sellers are negotiating," Lereah said. "Under these conditions, we will probably see prices dip temporarily below year-ago levels as the market works through a build

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

p in housing inventory."

The Central Oregon Association of Realtors is the best place to track the home sale statistics in Bend and Central Oregon. You can find these statistics on their web site. Keep in mind

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

that these statistics include many new homes that were put in escrow months before the official closing date.

If you are a real statistics buff you can go to the web site of the Office of Federal Housing Enter

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

prise Oversight. It has a housing price index for all states individually, a house price calculator and other useful tools. However, keep in mind that these reports lag behind reality somewhat. Real estate pric

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

s in Bend are falling now and will continue through the winter.

Interest rates are still low and gas prices are falling, all good signs that the real estate market in Bend will be picking up next spring. If yo

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

have ever thought about buying real estate in Bend Oregon now may be the best opportunity you will have in a long time. There are some good buys in today's market. Look for prices to start going up this spring

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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