Redmond Oregon Real Estate Trends - June 2019

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

Redmond Oregon Home Sales Strong

While the upward trends for Bend single family home sales have slowed over the past few months, Redmond home sales have remained strong. Redmond, located just 17 miles north of Bend, has long been known as a great place to live, with homes priced well below that of Bend. People relocating to Central Oregon have discovered Redmond's value and home sales in this great town have taken off.

When June 2019 is compared with June 2018, the following changes can be noted for Redmond single family home sales on less than an acre:

  • Homes for sale down 2.5% to 230*
  • Homes sold up 8.2% to 106
  • Homes pended up 7.6% to 99
  • Average price per square foot up 4.3% to $195
  • Average days on market down 3.8% to 101
  • Sold to original listing price difference unchanged at 99%
  • Average active sales price up 1.2% to $418,000
  • Average sold sales price up 12% to $364,000
  • Months of inventory down 8.3% to 2.2 months

Redmond Home Prices Relatively Stable

While sold home prices have gone up in Redmond over the past year, the average asking price has remained fairly consistent between $400,000 and $420,000. With Bend seeing a great increase in million dollar home sales, Redmond's housing inventory has consisted of more modestly priced property, leading to its reputation as having great housing value. Builders are also actively building new homes in the community which should help with some of the lack of inventory.

Redmond Oregon real estate trends

** Data from Central Oregon MLS

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Oregon Deschutes County Redmond
Tags:
redmond real estate
redmond or real estate
redmond oregon real estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
5,383,493
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local market reports.

Jul 19, 2019 01:40 PM #1
Ambassador
1,852,714
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi there, hope you're staying super busy selling this summer. D 

Jul 29, 2019 11:56 AM #2
Rainmaker
1,436,713
Kat Palmiotti
406-270-3667 (MT), 914-419-0270 (NY), Broker in NY with Grand Lux Realty and in MT with (coming soon!) - Kalispell, MT
The House Kat

Shorter DOM, fewer homes, prices up - sounds like a healthy market!

Jul 29, 2019 12:20 PM #3
Rainmaker
1,498,654
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Lynnea Miller, hope there will be an increase in the inventory. Withe pending and sold homes up, now is a great time to list.

Jul 29, 2019 12:38 PM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
403,429

Lynnea Miller

Premier Real Estate Service in Central Oregon
Ask me a question
*
*
*
*
Spam prevention

Additional Information