Central Oregon Cities Show Varied Growth
Out of area buyers often think of Bend exclusively when they consider moving to Central Oregon. However, Central Oregon has several towns and small cities, all with their own urban "vibe" and lifestyle. Bend is by far the largest town with its population now pushing 100,000. However, Redmond has been a great neighbor to Bend with home prices considerably less than the larger city to the south.
Besides Bend and Redmond, Sisters offers both a closer location to the western half of the state plus a more intimate small town feeling, permeated by seasonal tourist traffic from nearby Black Butte Resort and such renowned festivals as the Sisters Quilt Show and the annual rodeo.
Prineville, Central Oregon's oldest city and the original county seat of much of Eastern Oregon, is now experiencing a building boom with new construction and growth, not all tied into Facebook's data center. Home sales are expanding tremendously in Prineville and this great town has been rediscovered by those looking for affordability in a fabulous Central Oregon location.
The following graphs show sales prices and the number of sold single family homes on less than an acre in Bend, Redmond, Sisters and Prineville. Although home prices are gaining in all four cities, home sales are actually dropping in Bend and Sisters.
What Does the Mixed Growth in Central Oregon Cities Mean?
The average cost of a single family home in Sisters and Bend on less than an acre is over $400,000 in Sisters and over $500,000 in Bend. The idea of combining "affordable housing" and "single family home" does not work any longer in Bend and Sisters. However, in Redmond (while pushing up toward $350,000 as an average price for a single family home) and Prineville (around $250,000 as the average single family home price), home buyers looking for affordability can still find it. The wealthier buyer will continue to purchase in Bend and Sisters, but those looking for value will be looking toward Redmond and Prineville.
Leave a Comment
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Bend Premier Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on January 18th, 2020 at 8:29pm PST. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).