Posts made by author 'Bend Premier Real Estate'
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 67 Posts
- 2025 | 103 Posts
- 2024 | 110 Posts
- 2023 | 72 Posts
- 2022 | 52 Posts
- 2021 | 70 Posts
- 2020 | 84 Posts
- 2019 | 38 Posts
- 2018 | 48 Posts
- 2017 | 39 Posts
- 2016 | 31 Posts
- 2015 | 10 Posts
19
Redmond Oregon Real Estate - 2017 Trends
Redmond OR Home Prices Continue to Rise
Redmond has historically been a more affordable option for people moving to Central Oregon. Home and land prices in this vibrant town have remained lower than those in Bend, and with the commute between the two communities less than 20 minutes, Redmond has often been a first choice for many relocating to our area.
However, the growth in Central Oregon has pushed single family residential home prices in Redmond higher since coming out of the recession in 2012. In fact, over the past five years, home prices in Redmond have doubled with the average sold price now over $300,000.
When single family residential Redmond home trends are compared between 2016 and 2017, the following statistics can be seen:
13
Central Oregon Real Estate - Bend, Sisters, Sunriver and Redmond 5 Year Trends
Central Oregon Real Estate Home Prices Trending Up
Those who have lived longer than 5 years in Central Oregon have seen home prices rise at a rapid pace, especially in Bend and Redmond. The average price for a single family residential home in Bend has risen over $200,000, the price for a Redmond home has more than doubled, Sisters homes are up 40% and Sunriver home prices have risen 22% in the last five years.
Our Predictions for Central Or Single Family Homes
The question can be asked, will Central Oregon home prices start to level off? Have we reached the top? Obviously affordability for locals has been an issue for several years. But for new Central Oregon residents, the price for a Redmond or Bend single family home is extremely inexpensive relative to th...
12
Redmond Oregon Real Estate | November 2017 Trends
Home Prices Continue to Rise in Redmond
Redmond Oregon single family home sales continue to show strength as we move toward the end of 2017. Although we see the normal seasonal reduction in inventory and slow down in new purchase agreements, the increase in Redmond home prices persists and the demand for housing remains robust.
When data from November 2016 is compared with November 2017, the results for Redmond OR single family homes sales are as follows:
- Homes for sale up 9.8%
- Homes sold down 15.7%
- Homes pended down 1.4%
- Averag...
7
Central Oregon Real Estate Trends | October 2017
Central Or Single Family Home Sales Trend Up
Despite the snowy winter of 2016-2017 and the unprecedented wildfires experienced during the summer, Central Oregon real estate sales remain strong. Although the trends seem unsustainable, the roughly 10% increase in sales price year after year since 2011 have continued in the single family home market in Bend, Redmond, and Sunriver. Only Sisters shows a reduction in the average October sales price from a year before, perhaps a reflection of this summer's Milli fire which was located just outside of the Sisters city limits.
