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Central Or Real Estate Trends | July 2019
Real Estate Trends in Bend, Redmond, Sunriver & Prineville We focus a lot on the real estate market trends for Bend and Redmond, but Central Oregon also encompasses many other towns and areas, all with their own charm and unique lifestyle. Housing prices and types of homes vary in these towns and it is interesting to see how each community compares with the next. While Bend has seen the bulk of growth over the last 3 years, Redmond was the fastest growing town in Central Oregon in the second quarter 2019 according to the multiple listing service. Sunriver, Central Oregon's most known resort community, has maintained a relatively stable real estate market over the last 3 years, and Prineville, one of the most hard hit towns during the recession, is now seeing tremendous growth.
Housing Growth in Central Oregon Cities While Bend has seen the greatest growth in Central Oregon after the recession, the trends have slowed and there has been a decline in single family homes sales between 2018 and 2019 while Redmond and Prineville have continued growing during that same time. The chart below shows the number of sold single family homes on less than an acre in Bend, Redmond, Sunriver and Prineville. Each bar ... more
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