Market Trend – January 2016
The Central Oregon SFR Real Estate market ends strong in 2015.
In addition to the Beacon Report, I included another trend of the Bend SFR median sale prices from 1/1/1997 through 12/31/2015. The graph is available for view on the Beacon Appraisal website. Just click the RESOURCES tab.
Looking back, the SFR median sale price in Bend increased from $184k in December 2011 to $325k last month. Late 2007, the median sale price in Bend was around $320k. There were 60 SFR building permits in Bend last month, which was the highest number of permits in the month of December since 2005.
In 2015, most of the SFR sales in Bend were in the $250k to $300 price range.
Redmond SFR median sale price also increased significantly since December 2011, which was $129k. Inventory in Redmond is around 2 months and most of the sales were in the $200k to $250k price range.
The quarterly figures for the smaller market area are also included.
Have a great 2016!