Posts with tag 'Redmond Oregon Real Estate'
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The Real Story Behind What's Happening with Home Prices
If you're wondering what's going on with Bend home prices lately, you're definitely not the only one. With so much information out there, it can be hard to figure out your next move.
As a buyer, you might be worried about paying more than you should. And if you're thinking of selling, you might be concerned about not getting the price you're aiming for.
So, here's a quick breakdown to help clear things up and show you what's really happening with prices—whether you're thinking about buying or selling.
Home Price Growth Is Slowing, but Prices Aren't Falling Nationally
Throughout the country,...
15
Central Oregon Real Estate Market Trends - 2nd Quarter 2024
Central Oregon Market Trends 2nd Quarter 2024
The Central Oregon real estate 2024 market trends for most of the major urban areas continue to reflect a seller's market in 2nd quarter, although that has changed in La Pine where inventory levels at 7.4 months reflect a buyer's market; Powell Butte and Madras are in a balanced market at 6 months. Although still in a seller's market, inventory is at a level in Bend that hasn't been seen since July, 2015 when the average home price was $391,000 and mortgage interest rates were at 4%.* With more inventory, days on market have also ticked up, but well priced homes can still sell quickly and multiple offers can happen. Bend, Redmond and Sunriver are showing strong upward trends in all categories (the only exception for Bend is the number of homes sold) with home prices, listings, inventory levels and days on market all rising. As we move into 3rd quarter, we expect mortgage interest rates may drop, which could enable more home buyers to afford a Central Oregon home.15
Why Your Asking Price Matters Even More Right Now
If you're thinking about selling your house, here's something you really need to know. Even though it's still a seller's market today, you can't pick just any price for your listing.
While home prices are still appreciating in most areas, they're climbing at a slower pace because higher mortgage rates are putting a squeeze on
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Redmond Oregon Real Estate | First Half 2024 Trends
Redmond Single Family Home Sales Strong
Redmond Oregon is a booming town. For those who live there, that is evident every day with new construction, new businesses, and new residents moving into this vibrant community. Over the past decade, the town's population has grown by 27% and has a large percentage of the town's residents being families with an average of 3.15 residents per home according to the city website. There is not a wide variation in home pric...
11
Bend Premier Real Estate | July 2024 Newsletter
What's in the July 2024 Bend Premier Newsletter?
- Bend Home Prices Up As Are Inventory Levels
- Filipino BBQ Pork Skewers
- 9 Tips to Keep Your Home Cool Without AC
- Maxwell Butte Trail
- Things to Avoid After Applying For a Mortgage