Market Trend – May 2016

In April, the median SFR sale price in Bend increased around $18,000.  For several months now, the median sale price in Bend has increased around $15,000/month.  The inventory level has been steady at around two months.  Building permits for new SFR dwellings were 73 in April, down 17% from April of last year.  Over the past year, most of the SFR sales in Bend were in the 250-300k.

Link to Beacon Report

The following grid provides a comparison between April 2015 and April 2016.

Beacon Reports
Bend SFR Apr-15 Apr-16 % ∆
Median SP 309k 365k 18.12%
# of SFR Sales 203 205 0.99%
Months of Inventory 2.8 2 -28.57%
Building Permits 88 73 -17%
Most sales 200-250k 250-300k

 

The SFR market in Redmond typically has moderate price trend changes and proves to be true in April as the median sale price has stayed close to $250k.  The inventory level is around two months and the number of sales declined slightly in April.

The following grid provides a comparison between April 2015 and April 2016.  The Building permits issued in March of 2015 and 2016 are included because the building permits for April 2016 are not yet available.

Beacon Reports
Redmond SFR Apr-15 Apr-16 % ∆
Median SP 208k 247k 18.75%
# of SFR Sales 62 63 1.61%
Months of Inventory 2.6 2 -23.08%
Building Permits March 18 30 66.67%
Most sales 150-200k 200-250k

 

Bend SFR monthly comparison

Beacon Reports
Bend SFR Mar-15 Mar-16 %∆
Median SP 327k 347k 6.12%
# of SFR Sales 172 185 7.56%
Months of Inventory 2.5 2 -20.00%
Building Permits 52 69 32.7%
Most sales 200-250k 250-300k

 

Beacon Reports
Bend SFR Feb-15 Feb-16 %∆
Median SP 297k 332k 11.79%
# of SFR Sales 120 127 58.30%
Months of Inventory 2.5 2 -20.00%
Building Permits 54 71 31.5%
Most sales 200-250k 250-300k

 

Redmond SFR monthly comparison

Beacon Reports
Redmond SFR Mar-15 Mar-16 %∆
Median SP 212k 250k 17.93%
# of SFR Sales 55 81 47.27%
Months of Inventory 3 2 -33.33%
Building Permits March 18 30 66.67%
Most sales 150-200k 200-250k

 

Beacon Reports
Redmond SFR Feb-15 Feb-16 %∆
Median SP 206k 225k 9.22%
# of SFR Sales 53 53 0.00%
Months of Inventory 3 2 -33.33%
Building Permits Feb 7 24 242.86%
Most sales 150-200k 200-250k