Redmond Or Real Estate | February 2017 Trends

By
Real Estate Broker/Owner with Bend Premier Real Estate 200009031

Home Sales in Redmond Oregon

Real estate sales continue to be strong in Redmond. Despite our difficult winter, data from the Multiple Listing Service of Oregon show that Redmond home prices continue to rise and that housing demand is high. Comparing February 2016 statistics with 2017, the following can be noted:

  • The average active home price is up 9.5% to $392,000
  • The average sold home price is up 23.9% to $301,000
  • The average price per square foot on sold homes is up 18.3% to $168 - the highest figure in 10 years.

There remains a shortage of available homes with only 1.8 months of inventory based on pended sales, down 36.1% from January 2017.

Redmond OR Real Estate

Redmond has historically been considered a more affordable option for Central Oregon home buyers, but at the current rate of home value increase, home buyers may also find that Redmond is becoming too expensive for many.  

This original blog can be viewed at Bend Premier Real Estate's blog.

 

 

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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Lynnea, The market is strong and I know sellers are happy with the rising prices and increases since last year.

Mar 17, 2017 05:08 PM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate market reports.

Mar 18, 2017 07:51 AM #2
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I have watched home prices in many "affordable" neighborhoods increase to the point where they are no longer "affordable" Lynnea Miller - just as you have described here. 

Mar 18, 2017 06:44 PM #3
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lynnea, sure looks like despite the harsh winter, Redmond's housing market is doing quite well.   Hope this continue and you see a brisk spring market!

Mar 19, 2017 06:09 AM #4
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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