Redmond Real Estate | August 2017 Trends

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

Redmond Oregon Home Sales Show Mixed Results

The August data for Redmond single family home sales reflect some of the normal end of summer trends as well as that expected in a growing market. While new inventory has become available, actual pending contracts are the same as a year ago and closings are down 13.6%. The average price of a Redmond home has now reached $178 per square foot - a price which is up 12.7% compared with the same month a year ago. And inventory levels are growing  - up 19.2% from August 2016 for closed sales.

The data show as follows comparing August 2016 with August 2017:

  • Homes for sale up 4.7%
  • Homes sold down 13.6%
  • Homes pended no change
  • Average active price up 4.8%
  • Average sold price up 9.8%

August trends from 2016 show the same increase in pending home sales between July and August - typically reflecting the final sales prior to school starting. If the pattern remains true, there should be a significant drop off of new pending home contracts in September. It remains to be seen if whether or not the continued increase in sales price will begin to impact Redmond home sales.*

 

Original blog can be seen at Bend Premier Real Estate's blog page.

Redmond Real Estate Trends

 

 

*Data from Central Oregon MLS

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Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Lynnea.  Thanks for keeping us informed about the Redmond Oregon area real estate market.

Sep 30, 2017 05:36 AM #1
Rainmaker
5,510,383
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Sep 30, 2017 06:08 AM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Prices up and a little more inventory. Both buyers and seller have something to be glad about.

Oct 01, 2017 07:17 PM #3
Rainmaker
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

You are right, Debbie Reynolds ! Good for both, but I am concerned we are getting to a point where our affordable option, Redmond, is getting too expensive for our middle class families.

Oct 02, 2017 11:07 AM #4
Rainmaker
5,510,383
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks so much for your comments on my blog. 

Have a most productive autumn.

Oct 05, 2017 05:44 AM #5
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Definitely a mixed market for you, Lynnea but, I think you're going to see a change in your next month's numbers - with clear skies and beautiful foliage, you're bound to!

Happy Saturday, Lynnea!

Oct 07, 2017 09:07 PM #6
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Rainmaker
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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