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Home Prices in Bend, OR were UP in Septmeber!
Home Prices in Bend are Up in August - Here's hoping it's a trend!
The Bend Bulletin posted the following article this morning, "Home prices in Bend, Redmond rebound:
The median sales price of a single-family home in Bend bounced back up last month to $190,000 after diving to $175,000 in August, according to a report Tuesday from Bratton Appraisal Group of Bend.
While September's median was 8.6 percent higher than August, it was still 4.5 percent below September 2009, when the price was $199,000.
Redmond's median sales price also rebounded in September, rising 19.6 percent from August to $122,000. But that was down 21.3 percent from the September 2009 median of $155,000.
Bend's peak sales price was $396,000 in May 2007. Redmond's was $289,000 in November 2006.
Bratton's numbers do not include condominiums, townhomes, manufactured homes and acreage.
In Bend, the median sales price per square foot — considered in the industry to be a better measure of value — was $108 in September, up from $99 in August, but down from $113 in September 2009. In Redmond, the median sales price per square foot rose to $76 from $70 in August, but was down from $86 a year ... more

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