Redmond

The July 2019 Beacon Report includes the quarterly figures for the smaller Central Oregon areas.  Inventory has ticked up slightly in most areas. The June 2019 median SFR sale price ($445k) in Bend is near the June 2018 $449k median sale price.  Redmond has been experiencing a steady increase in median sale price over the prior three months.A link to the most recent Beacon Report is below.I am grateful for the freedom and liberty we have in the US.  Thank you to those who serve and have made sacrifices in order to protect our way of life. Link to Beacon [... read more]

2019 appears to be off to a good start for the Central Oregon SFR market.  SFR inventory levels are low in all the areas included in the Beacon report. The Bend SFR market experienced an increase in median sale price and number of sales last month when compared to February 2019. Redmond SFR market also shows an increase in sales and the median sale price is slightly lower than in February 2019. The quarterly numbers for the smaller Central Oregon market areas are included in this report and the inventory level ranges from 2-3 months. Have a great Spring! Link to Beacon [... read more]

Inventory levels of SFR properties in Central Oregon remained low in February.  The median  sale price in Bend has returned to near $430,000, while the median sale price in Redmond hit a high of $314,000, 10% higher than in February 2018.    The link to the recent Beacon Report is below.  In addition to the March Beacon Report, there is a graph of the SFR median sale prices in Deschutes, Crook, and Jefferson Counties from 2000-2018. Link to Beacon [... read more]

So far, the SFR market in Central Oregon appears to be off to a good start in 2019.  Inventory levels are around 2 months and the Bend SFR median sale price jumped to $450k in January.  The median sale price in Redmond is trending upwards as well. The link to the most recent Beacon Report is below Link to Beacon [... read more]

Merry Christmas The link to the most recent Beacon Report is provided below.The Bend SFR median sale price was nearly unchanged in November when compared to October.  There was a significant decline in the number of sales that looks to be typical for this time of year.  In November, most sales were in the $350k to $400k price range and most listings were in the $400k to $450k price range. Redmond SFR median sale price of $305k is more in line with the overall trend in 2018 after a slight drop in October.  Like the Bend SFR sales data shows, Redmond shows a decline in the number of sales in November.  Most sales in November were in the $250k to $300k price range and most listings were in the $300k to $350k price range. From all of us [... read more]

It is Fall and the Central Oregon SFR market is cooling. The SFR median sale in Bend has declined slightly over the past three months, but is slightly higher than the median sale price in September of 2017, $418k.  Inventory is low at just under a three month supply.  Redmond SFR prices have steadily increased through 2018 thus far.  Inventory in Redmond is low at around 3 months (just over three months) and the number of building permits issued for new SFR detached dwellings had fallen significantly in September. The quarterly figures show that the smaller SFR markets in Central Oregon have also experienced an increase in price trends over the past year.Have a great day! Link to Beacon [... read more]

The SFR inventory levels are below a 2-month supply in Bend and Redmond.  In March, a significant increase in the number of new SFR permits were issued. It appears the 1st quarter of 2017 is off to a strong start for real estate market in Central Oregon. The median home price in Bend has increased to the mid 2000 levels.  However, the Bend median income level has not fully recovered to the median household income levels in 2005 -2007. Historical Inflation Adjusted Median Family Income for Bend Date US Oregon Bend 2015 $68,260 $66,287 $66,076 2014 $65,986 $62,742 $62,122 2013 $65,153 $62,850 $59,222 2012 $64,548 $61,398 $58,255 2011 $64,766 $61,500 $63,185 2010 $65,888 $61,596 $61,021 2009 $67,476 $65,369 $66,947 2008 $69,756 $67,361 [... read more]

Last month, August, the SFR median sale price in Bend fell slightly as the number of sales increased slightly.  A 4% increase in median sale price is noted between August 2015 and last month.  Most SFR sales in the past year were in the $250k to $300k price range. The SFR median sale price in Redmond had increased for the 2nd consecutive month.  The number of sales in August increased slightly in Redmond.  Most sales in the sample fall inside the $200k to $250k price range. The SFR inventory level for Bend and Redmond is under three months. The new SFR permits were not yet released for Bend and Redmond. The most recent Beacon Report is available below. Link to Beacon [... read more]

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]

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 [... read more]