Bend and Redmond Real Estate Stats for August

By
Real Estate Agent with THE BROKER NETWORK OF CENTRAL OREGON, LLC 200306195

The Beacon Report came out this last week with figures for Bend and Redmond real estate.  We did a recap of the graph data and came up with some interesting numbers on Redmond.  As housing has been unaffordable for much of the work force in Bend, people are moving to other cities and commuting (see link to Bend Bulletin article).   I think this has a lot to do with the increase in activity for Redmond and increase in median sales price.

Bend Summary Aug-16 Aug-16 % Change
       
Median Bend Sales Price 345,000 359,000 4%
Number of Sales in Bend 223 259 16%
Days on Market-Bend 79 74 -6%
Median Price/s.f.-Bend 187 201 7%
       
       
Redmond Summary Aug-16 Aug-16 % Change
       
Median Redmond Sales Price 219,000 283,000 29%
Number of Sales in Redmond 88 98 11%
Days on Market-Redmond 79 77 -3%
Median Price/s.f.-Redmond 137 158 15%

Data courtesy of The Beacon Report which is based on MLS statistics.

http://www.bendbulletin.com/localstate/4647345-151/some-bend-residents-choosing-to-move-elsewhere-for

 

Comments (1)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Maria Peace Thank you for taking the time to share this.  This is most informative for buyers and sellers alike who are trying to make informed market decisions

Sep 10, 2016 10:39 PM