Posts in category 'Redmond Oregon Real Estate Trends'
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17
Redmond Oregon Real Estate | February 2017 Trends
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Home Sales in Redmond Oregon
Real estate sales continue to be strong in Redmond. Despite our difficult winter, data from the Multiple Listing Service of Oregon show that Redmond home prices continue to rise and that housing demand is high. Comparing February 2016 statistics with 2017, the following can be noted:
- The average active home price is up 9.5% to $392,000
- The average sold home price is up 23.9% to $301,000
- The average price per square foot on sold homes is up 18.3% to $168 - the highest figure in 10 years.
There remains a shortage of available homes with only 1.8 months of inventory based on pended sales, down 36.1% from January 2017.
20
Redmond Oregon Real Estate | 2015-2017 Trends
Central Oregon is known for its largest city - Bend - and we focus a lot of our efforts in watching real estate trends for Bend. However, the nearby communities to Bend are also important to our clients and we often represent both buyers and sellers in Redmond, Oregon which has also grown considerably over the past 10 years. Although typically a more affordable option than Bend, Redmond single family residential real estate trends have followed Bend over the past two years with lack of inventory and escalating prices. The following data is from Central Oregon MLS through January, 2017:
- Average active price 2015 - $284,000 2017 - $370,000 Up 30.3%
- Average sold price 2015 - $221,000 ...