Redmond Home Sales Strong

While the upward trends for Bend single family home sales have slowed over the past few months, Redmond home sales have remained strong. Redmond, located just 17 miles north of Bend, has long been known as a great place to live, with homes priced well below that of Bend. People relocating to Central Oregon have discovered Redmond's value and home sales in this great town have taken off.

When June 2019 is compared with June 2018, the following changes can be noted for Redmond single family home sales on less than an acre:

• Homes for sale down 2.5% to 230*


• Homes sold up 8.2% to 106


• Homes pended up 7.6% to 99


• Average price per square foot...

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Bend Real Estate Market Showing Mixed Results

The June 2019 figures for Bend Oregon real estate trends have been published and the results are mixed. While June had a surge in new listings, the numbers were similar to the year before. And while we are entering our summer peak selling season, in some categories the trends point down.

When June 2019 is compared with June 2018 for Bend single family home sales on less than an acre, the following data are seen:

• Homes listed for sale down .3% from 607 to 605
• Homes sold down 10.9% to 266
• Homes pended down 4.5% to 233
• Average price per square foot up 4.8% to $261
• Average days on market down 5.6% to 89
• Sold to original price difference down 1% to 98%
• Average active price up 4.6% to $689,000
• Average sold price up .8% to $523,000
• Months of inventory based on closed sales up 13.1% to 2.6 months

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Bend Luxury Homes Sales Growing

Bend's high end real estate market has been trending upward for several years. Almost unheard of less than 10 years ago, the sale of million dollar homes in Bend has become common and the construction of million dollar spec homes the norm in several Bend neighborhoods.

From July 2018 through June, 2019, 67 Bend homes priced between $1,000,000 and $1,299,999 have sold, a figure that is up 11.7% over the previous 12 months. For homes priced $1,300,000 to $1,599,999, 29 Bend homes have sold, up 11.5% over the same period a year before. Homes priced between $1,600,000 and $1,999,999, the figure is 13 homes, up 30% and for the very high end, the $2,000,000 or more price point, the figure is 7, which is up 75% over that same 12 month period.  This data pertains to Bend single family homes on less than an acre.

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Bend Real Estate Sales Are Strong

Spring has arrived in Central Oregon and homes are selling! After a series of months in which Bend home sales had dropped while prices continued to rise, May 2019 has provided a 180 degree turn around. The number of Bend homes for sale jumped 34.8% and the number of homes sold rose 29.9% from April, 2019. After an unusual winter with late heavy snow, overcast skies and heavy rain in April, sellers decided at last that May, with the sun out and longer days, was a great time to list.  When May 2019 is compared with May 2018 for Bend single family homes on less than an acre, the following changes can be noted:

• Homes for sale are down 1.3% to 535
• Homes sold are up 2.2% to 230
• Homes pended are up 11.6% to 269
• The average price per square foot is up 9.6% to $263
• The average days on market are up 6.1% to 104
• The sold/original listing price difference i...

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June 2019 Spotlight on Local Business

Bend Premier Real Estate is thrilled to be named First Interstate Bank in Downtown Bend's featured local business for June 2019.  When visiting the bank at the corner of Greenwood and Wall Street, be sure to check out our display! And say hello to all the friendly people who work at First Interstate Bank.