Redmond Oregon Real Estate - November 2017 Trends

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

Home Prices Continue to Rise in Redmond Oregon

Redmond Oregon single family home sales continue to show strength as we move toward the end of 2017.  Although we see the normal seasonal reduction in inventory and slow down in new purchase agreements, the increase in Redmond home prices persists and the demand for housing remains robust.

When data from November 2016 is compared with November 2017, the results for Redmond OR single family homes sales are as follows:

  • Homes for sale up 9.8%
  • Homes sold down 15.7%
  • Homes pended down 1.4%
  • Average active price up 1.4%
  • Average sold price up 8.1%
  • Months of inventory based on closed sales up 32.5% to 2.4 months
  • Average price per square foot on sold homes up 11.3%*

New Home Sales Are Strong In Redmond Oregon

Builders are actively producing new homes in Redmond;  302 new single family homes have been built in Redmond so far in 2017, 79% of which have been sold or are in pending status. Buyers are enjoying the opportunities Redmond can offer with more affordable homes than those available in Bend. However, the demand is leading to increased prices with the average price per square foot in Redmond now at $178. Given the average price per square foot for single family homes in Bend is now at $228, Redmond is still the economical option for the two largest cities in Central Oregon.

Redmond Oregon Price Per Square Foot for Single Family Homes Trend Chart

* Data per Central Oregon MLS

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

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Oregon Deschutes County Redmond
Tags:
redmond home prices
redmond oregon real estate trends
single family home sales in redmond oregon

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Rainmaker
1,407,158
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Hope prices are rising on this coast as well. I am wondering if we will see another bubble in the near future?

Dec 13, 2017 08:26 AM #1
Rainmaker
5,500,878
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families moving to the area will appreciate your local real estate market reports.

Dec 14, 2017 06:04 AM #2
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is good information, Lynnea. I hope you had a wonderful Christmas holiday.

Dec 26, 2017 07:02 PM #3
Rainmaker
3,857,189
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Lynnea Miller ,

What a comprehensive real estate market report for Redmond Oregon. Families living there and those relocating will find your information invaluable.

Dec 26, 2017 07:32 PM #4
Rainmaker
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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Lynnea Miller Starting early on my New Year's wishes as I have limited time to play in the Rain this week and I don't want to miss anyone!  So....

Dec 26, 2017 08:08 PM #5
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Best wishes to you and your family for a Very Happy New Year!

Dec 30, 2017 07:48 AM #6
Rainmaker
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

It sounds like Redmond is a great market for sellers, Lynnea.

Jan 01, 2018 09:34 AM #7
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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