Redmond Oregon Real Estate - June 2018 Trends

Posted by Bend Premier on Wednesday, July 11th, 2018 at 3:00pm.

Redmond Real Estate Sales Strong

Redmond Oregon Real EstateSingle family residential home sales in Redmond Oregon have been very strong so far in 2018. The number of homes offered for sale has grown, but so have the numbers sold and pended. But unlike Bend, home prices have not escalated and Central Oregonians continue to find Redmond an affordable option to Bend.

For June 2018 compared with June 2017, the data on Redmond Or single family home sales show the following:

  • Homes for sale up 12.3% to 237
  • Homes sold up 6.7% to 95
  • Homes pended up 14.6% to 94
  • Average price per square foot on sold homes up 6.9% to $187,000
  • Months of inventory based on closed sales up 4.2% to 2.5
  • Average active price up 1.2% to $413,000
  • Average sold price unchanged at $325,000*

Predictions for Redmond OR Real Estate Sales

Builders in Redmond are busy and new construction of Redmond single family homes is actively happening throughout the town. But unlike Bend, new construction in Redmond does not include million dollar spec homes. In fact, the most expensive Redmond single family home built within the last year closed August 11, 2017 at $675,000 in Eagle Crest and the most expensive newly built home for sale in Redmond is listed at $699,000, also in Eagle Crest. We predict that as long as people continue to move to Central Oregon, strong Redmond real estate sales will persist.

 
Redmond Oregon Real Estate
*Data from Central Oregon MLS July 11, 2018
 

 

 

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 September 26th, 2018 at 2:29am PDT. 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).