Market Trend – December 2020
Bend SFR price chart shows a decline ($535k) in median sale price last month from October ($560k). The median home size in Bend is smaller in November (1,920sf) than it was in October (2,006sf). Therefore, between these two factors, median home size and sale price, the price per sf calculates to $279/sf, same as in October. In November, the number of sales in the $700-1Mill+ price range declined slightly from October.
October: 80 sales $700k – $1Mill+
November: 78 sales $700k – $1Mill+
SFR inventory in Bend remains below a half month supply.
Redmond SFR median sale price also declined slightly last month, and SFR inventory dropped to under a half month supply.
Marketing times in Bend and Redmond and most smaller Central Oregon markets are 4 to 9 days.
From all of us at Beacon Appraisal Group, have a wonderful Christmas.