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