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According to the data, the median sale price in Bend has continued to trend upwards since January 2016 and the current inventory is around two months. The median sale price in Redmond has been mostly stable since January 2016 and the current inventory level is around two months. Link to Beacon [... read more]

SFR inventory levels in Bend and Redmond are low at around 2 months, rounded.  The building permits for new SFR dwellings in Bend was 71 in February. Next month, the quarterly numbers will be included in the Report. The link to the recent Beacon Report is below. Link to Beacon Report [... read more]

All the graphs show normal signs of the seasonal real estate market cycle in Central Oregon.  Bend had a decline in median sale price, number of sales, and new building permits in November. Redmond had a similar pattern as Bend in relation to demand and supply components; however, the median sale price in Redmond is stable at about $234k in November. The inventory level in Bend and Redmond was around a 2 month supply. The smaller market areas also have similar trends, with the exception of Jefferson County, Crooked River Ranch, and Crook County.  The median sale price in those areas increased in November. Click the link below to view the Beacon Report Dec. 2015. Link to Beacon [... read more]

Bend: According to the November 2015 Beacon Report, in October the SFR median sale price in Bend leveled off and the inventory level in Bend was approximately 2.7 months, rounded to 3 months on the graph.  Most sales over the past year are in the 250k to 300k price range and number of sales in the 200k to 250k price range continues to decline. In addition to the Beacon Report study, I compiled the following data and you may find it interesting. The following is a study measuring the SFR median sale price in Bend on an annual basis over the past five years.  The table below provides the median sale price, number of sales, and percent of change in median sale price from the prior year. Year Median Sale Price Number of Sales %Δ 11/1/2011 [... read more]

At Beacon Appraisal Group, we offer a professional service in real property valuations in the Central Oregon area. Our experienced appraisers sort through all of the information and statistics to develop a non-biased opinion that accurately reflects your properties’ value and position in the market.  Our office is dedicated to ensure our clients receive thorough analyses that meets or exceeds industry standard and USPAP regulations. Our team of professionals and administrative staff share a commitment to go the extra mile to deliver results.  This means providing consistent, reliable valuation products in a cost effective manner and always meeting client deadlines.  To ensure this vision, Beacon Appraisal Group maintains a policy of [... read more]