Redmond Real Estate Sales - A Market In Transition It has been awhile since we last looked at the data for Redmond Oregon home sales. Redmond's housing has consistently been more affordable than that available in Bend with the majority of homes in the city what most would considered middle income suburban. The Covid-19 housing boom impacted Redmond as it did most of the country, and now rising interest rates, lack of inventory, and relatively high prices are creating a housing market in transition. We looked at Redmond home sale for the first half of 2023.  When the first six months of 2023 are compared with the first six months of 2022, the following changes can be noted for Redmond single family home sales on less than an acre: Average sales price down 10.7% to $508.212* Median sales... 07/14/2023

Redmond Oregon's First Three Quarters 2021 Reflect Strong Home SalesWe haven't looked exclusively at Redmond Oregon single family home sales for six months.  We know that home sales have been strong throughout Central Oregon with prices up and inventory levels down. But as a community without a lot of single family luxury homes, Redmond attracts a great number of people for whom Bend has become unaffordable.  Although a smaller community to Bend, Redmond has also had prodigious growth over the past decade.  The Covid lockdowns and work from home orders have also impacted Redmond with more people moving there than available inventory creating bidding wars and pushing home prices up. When we compare the first 3 quarters of 2021 with 2020 for Redmond single family home sales on less than a... 10/20/2021

Redmond  Home Sales Reflect Great Buyer DemandRedmond Oregon home sales have been in high demand over the past year.  Although not involving the high end homes that are now such a component of Bend real estate sales, Redmond real estate sales have been tremendously strong since the Covid-19 pandemic hit with home prices and inventory levels reflecting an extremely strong sellers' market.We made a comparison of 1st quarter 2020 with 1st quarter 2021 single family home sales in Redmond on less than an acre. The following trends can easily be seen: Average sales price is up 28% to $450,328* Median sales price is up 22.6% to $400,000 New listings are down 9.1% to 291 Homes for sale are down 64.1% to 118 Pending sales are up 87.7% to 413 Sold homes are up 12.3% to 247 Median days on market a... 04/06/2021

Strong Real Estate Sales Were the Norm for Redmond Oregon in 2020Redmond, Oregon has often been thought as a more affordable option to Bend. And when we represent buyers looking to settle in Central Oregon, Redmond often becomes their choice when they discover what they can afford to purchase there versus what they can afford in Bend. And Redmond is growing with over 500 new construction homes either sold, pending or active in MLS over the past 12 months.* When Redmond single family home sales on less than an acre from 2020 are compared with those from 2019, the following can be noted: Average sales price up 11.99% to $390,355 Median sales price up 12.1% to $359,900 New listings up 10.7% to 1266 Homes for sale down 13% to 309 Pending sales up 35.1% to 1348 Sold homes up 18.9% to 1185 Me... 01/20/2021

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% Averag... 07/18/2019

Redmond Oregon Real Estate Sales Continue Upward Trends Redmond single family home sales on less than an acre are still showing growth. Unlike Bend where the September data showed a decline compared with a year ago, Redmond Oregon home sales figures for September are up. The following compares Redmond single family home sales from September 2018 with September 2017: Numbers of homes for sale up 2.7% to 224 Numbers of homes sold up 4.9% to 86 Numbers of homes pended up 2.4% to 84 Average price per square foot on sold homes up 8% to $190 Average number of days on market down 9.3% to 98 Months of inventory based on closed sales unchanged at 2.7 Average active price up 4.9% to $403,000 Average sold price up 6.5% to $344,000* Will Redmond Single Family Home Sales Slow? At the present time, t... 10/15/2018

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 clos... 09/12/2018

Redmond Oregon Real Estate Sales StrongSingle family residential home sales in Redmond Oregon have been very strong so far in 2018. The number of homes offered for sale has grown, but so have the numbers sold and pended. But unlike Bend, home prices have not escalated and Central Oregonians continue to find Redmond an affordable option to Bend.For June 2018 compared with June 2017, the data on Redmond Or single family home sales show the following: Homes for sale up 12.3% to 237 Homes sold up 6.7% to 95 Homes pended up 14.6% to 94 Average price per square foot on sold homes up 6.9% to $187,000 Months of inventory based on closed sales up 4.2% to 2.5 Average active price up 1.2% to $413,000 Average sold price unchanged at $325,000* Predictions for Redmond Real Estate SalesBuilders in Red... 07/11/2018

Redmond Oregon Home Prices Continue to Rise Redmond has historically been a more affordable option for people moving to Central Oregon. Home and land prices in this vibrant town have remained lower than those in Bend, and with the commute between the two communities less than 20 minutes, Redmond has often been a first choice for many relocating to our area. However, the growth in Central Oregon has pushed single family residential home prices in Redmond higher since coming out of the recession in 2012. In fact, over the past five years, home prices in Redmond have doubled with the average sold price now over $300,000. When single family residential Redmond home trends are compared between 2016 and 2017, the following statistics can be seen: Average active home price up 4.5% to $368,000 ... 02/20/2018

Home Prices Continue to Rise in Redmond OregonRedmond 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 OregonBuilders are actively producing new homes in ... 12/12/2017

Redmond Oregon Home Sales Show Mixed ResultsThe 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 betw... 09/29/2017

Are Redmond OR Home Sales in Transition? The July 2017 trends for Redmond single family homes appear to reflect a changing market. While the average sales price continues to rise, less inventory is now on the market. While closed sales are up significantly over a year ago, new pended sales are down. The asking price for a home appears to be leveling off, but the average sold price is up considerably over a year ago. The data for July Redmond home sales are well shown in the following chart: Comparing July 2016 with July 2017: The number of homes for sale are up 2.8% The number of homes sold are up 15.6% The number of homes pended are down 4.5% When the same quarters are compared 2016 and 2017: The number of homes for sale are up 2.8% The number of homes sold are down 4.6% The number of ... 08/24/2017

Redmond OR Home Sales Show Continued Growth Redmond home sales remain strong with new real estate contracts, home prices and the number of new homes on the market all trending upward. Redmond has always been a more affordable option for Central Oregon residents to Bend, but its desirability as a great place to live, work, and raise a family has made Redmond the 1st choice for many moving to our area. Redmond trends are as follows comparing June 2017 with June 2016: Homes for sale up 16% Homes in pending status up 19% Average price per square foot up 12.3% Average active price up 5.7% Average sold price up 23.1% The average price of a sold Redmond, Oregon single family home has now reached $320,000 and the average price of Redmond single family home for sale is now at $408,000.  We don't... 07/20/2017

Celebrate the birth of our great nation with a distinctly Americana flair by spending your Fourth of July in Redmond! Our annual Fourth of July parade, presented by St. Charles Health Care and brought to you by the Redmond Chamber of Commerce, will put you in the patriotic spirit. After our red, white and blue procession in downtown Redmond, treat your family to an old-fashioned Fourth of July celebration at the Deschutes Fair & Expo Center! Then come back to the Deschutes Fair & Expo Center just before sunset to enjoy Redmond's annual fireworks display, brought to you thanks to the generosity of High Desert Aggregate and Paving, Inc. The colorful light show will begin at dusk, or around 10 p.m. Bring your ooh's and ahh's!  06/29/2017

Although we often focus on Bend Oregon real estate trends, Redmond has also seen tremendous growth over the past 5 years. And while still more affordable than Bend, Redmond's housing prices are also a reflection of the available inventory. In 2015, Redmond had 4 months of supply of single family homes, all price points, and on less than an acre of land. In 2016, this figure had lowered to 2.9 months and in 2017, we are at 2.3 months of supply.  A healthy and balanced market is considered 6 months of supply. Directly impacted by the months of inventory is the average sales price. Since 2015, the price of a single family home in Redmond on less than an acre of land has gone from $223,152 to $285,830 - more than 10% increase each year. The question remains - how high can prices go in Redmo... 05/31/2017

Home Sales in Redmond OregonReal 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 has historically been considered a more affordable option for Central Oregon home buyers, but at the current rate of home value increase, h... 03/17/2017

Central Oregon is known for its largest city - Bend -  and we focus a lot of our efforts in watching real estate trends for Bend. However, the nearby communities to Bend are also important to our clients and we often represent both buyers and sellers in Redmond, Oregon which has also grown considerably over the past 10 years. Although typically a more affordable option than Bend, Redmond single family residential real estate trends have followed Bend over the past two years with lack of inventory and escalating prices. The following data is from Central Oregon MLS through January, 2017:  Average active price 2015 - $284,000      2017 - $370,000   Up 30.3% Average sold price  2015  - $221,000      2017 - $298,000   Up 34.8% Average price per sq ft 2015 - $121         2017 - $167         ... 02/20/2017

Fall in Central Oregon is full of beautiful fall colors and crisp fresh air.  The weather is changing and there's fresh snow has now fallen on the Cascade Mountains.  Sunset are beautiful over the mountains with their fresh snow.  Pumpkins are everywhere , along with pumpkin everything.  Pumpkin spice donuts, lattes, pumpkin caramels.   Real Estate has slowed down some, but still going at a steady pace.  Hope everyone is enjoying the bounties of Fall in their part of the world.     10/22/2016

Home Prices in Redmond Or for September 2016Real estate market data for Redmond, OR provided byEsther Preston Heartland Realty LLCepreston.heartlandrealtypros.com. Redmond Home Prices We have seen 11 straight months of listing price increases on homes in Redmond, Or and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Redmond but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market ana... 09/24/2016

Home Prices in Redmond OR for September 2016Real estate market data for Redmond, OR, provided by Ether Preston of  Heartland Realty LLC. Redmond Home Prices We have seen 11 straight months of listing price increases on home prices in Redmond and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Redmond but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Redmond home... 09/16/2016