Redmond OR Real Estate - August 2018 Trends

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

Redmond Or Real Estate Values Have Been Discovered!

The word is out and Redmond Oregon has been found to be a great town where people want to live. Often thought of as an affordable option to Bend, Redmond residents have tremendous pride in their town and enjoy the lifestyle of this wonderful Central Oregon community.

The August 2018 Redmond OR real estate statistics have been published and the amount of increase in the sales figures is significant. The following data compares August 2018 single family residential home sales on less than an acre with that from August 2017:

  • The numbers of homes for sale up 9% to 242*
  • The numbers of homes sold up 12.4% to 100
  • The numbers of homes pended up 23.9% to 109
  • The average price per square foot up 9.1% to $192
  • The months of inventory based on closed sales down 4% to 2.4
  • The average active price up 3.1% to $405,000
  • The average sold price up 6.4% to $348,000

The difference between active sales prices and sold prices are coming closer; Redmond does not have the high end housing that Bend does and new construction in Redmond is being built in a price point that buyers want.

 

Will Redmond Oregon Real Estate Trends Continue Up?

The following chart looks at the past 14 months of Redmond real estate trends. The most significant figure is the line for pended home sales, especially that between July 2018 and August 2018. Given the recent growth in Redmond, we do not anticipate anything different in the next few months outside of the normal seasonal slowdown.

Redmond Oregon Real Estate Trends August 2018

 *Data from Central Oregon MLS.  Original blog can be read at Bend Premier Real Estate.

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Real Estate Market Trends
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Oregon Deschutes County Redmond
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redmond real estate
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Rainmaker
3,246,938
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Now Lynnea Miller, that is a old fire engine coming down the street.  Thanks for sharting your market report with us.

 

Sep 12, 2018 04:33 PM #1
Rainmaker
418,623
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Thanks, Will Hamm . We took that picture at the 4th of July parade this summer. After living in Central Oregon since 1985 and always attending the 4th in Bend, we drove the 20 miles to Redmond and really enjoyed how enthusiastic the Redmond residents were for the 4th. Lots of fun.

Sep 12, 2018 04:36 PM #2
Rainmaker
1,117,283
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good day 

Thank you for sharing your information with us 

Have a great day.

09/12/2018.  

Sep 12, 2018 04:41 PM #3
Ambassador
4,073,847
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Lynnea:

That's certainly an impressive market report to give Redmond buyers and sellers a good perspective on the market conditions and what's been happening. Now anyone interested in buying or selling a Redmond need only get in touch to better understand what these conditions mean for their decision and to get your expert guidance.

Love that photo from the 4th. Looks like a great time in Redmond!

Jeff

Sep 12, 2018 04:43 PM #4
Rainmaker
418,623
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Thanks, Jeff Dowler, CRS . The town is really growing and yes, it was a great time on the 4th.

Sep 12, 2018 04:48 PM #5
Rainmaker
1,660,743
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Thanks for the report Lynnea Miller and what a great picture to open for your report.

Sep 12, 2018 06:01 PM #6
Rainmaker
5,511,497
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Sep 14, 2018 06:13 AM #7
Rainmaker
2,853,778
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Lynnea Miller very valuable report for buyers and sellers in Redmond, Oregon.

Sep 18, 2018 08:30 PM #8
Rainmaker
4,162,676
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 you enjoyed the 4th in Redmond!  Great market update, and nice housing option. 

Sep 19, 2018 05:46 AM #9
Rainmaker
3,238,224
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lynnea, I always enjoy it when a town is discovered and at the same time I am sad that it is discovered because there goes the charm, Endre

Sep 20, 2018 12:16 AM #10
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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

What a wonderful report for the attractive city of Redmond, OR, Lynnea! Love the photo - Redmond seems like a welcoming, inviting place to live, work & play!

Sep 23, 2018 05:09 PM #11
Ambassador
3,983,773
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is a great report on Redmond, OR. It sounds like a fine place to live and put down roots.

Sep 23, 2018 06:05 PM #12
Rainmaker
4,797,884
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good afternoon Lynnea.  Thanks for the information and update about the Redmond OR real estate market.

Sep 29, 2018 10:23 AM #13
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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