Posts with tag 'Central Oregon Real Estate'

Redmond OR Home Sales Show Continued Growth

Redmond home sales remain strong with new real estate contracts, home prices and the number of new homes on the market all trending upward. Redmond has always been a more affordable option for Central Oregon residents to Bend, but its desirability as a great place to live, work, and raise a family has made Redmond the 1st choice for many moving to our area.

Redmond trends are as follows comparing June 2017 with June 2016:

• Homes for sale up 16%

• Homes in pending status up 19%

• Average price per square foot up 12.3%

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Although we often focus on Bend for real estate trends, Redmond has also seen tremendous growth over the past 5 years. And while still more affordable than Bend, Redmond's housing prices are also a reflection of the available inventory.

In 2015, Redmond had 4 months of supply of single family homes, all price points, and on less than an acre of land. In 2016, this figure had lowered to 2.9 months and in 2017, we are at 2.3 months of supply.  A healthy and balanced market is considered 6 months of supply.

Directly impacted by the months of inventory is the average sales price. Since 2015, the price of a single family home in Redmond on less than an acre of land has gone from $223,152 to $285,830 - more than 10% increase each year.

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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.

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In light of the collapse of the Highland school gym roof last night, the concerns regarding snow load have really hit home. So what is snow load and what can a Bend homeowner do about it? According to AccuWeather, a cubic foot of dry snow weights about 6 to 8 pounds, while one cubic foot of packed snow could weigh up to 20 pounds. The same volume of ice can weigh three times this amount.  Roofs are engineered to handle a certain amount of weight based on their pitch (inches the roof rises vertically for every 12 inches it extends horizontally). The steeper the pitch, the less likely snow will accumulate on the roof. Homes with low pitch or flat roofs are at increased risk to accumulate snow and collapse under the snow's weight. The average Bend residential roof is engineered to handle 25 pounds per square foot - which is typically about 20 inches of snow. Older homes, built before building codes were incorporated in Bend in the late 1960's may not meet this minimum standard. When w...

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Bend Oregon Homes -

This winter has seen more snow fall in Central Oregon than we have had for several years. Although beautiful, it can also be hazardous for driving and can create problems for Bend real estate. Among the most noticeable issue we have observed is a great number of icicles hanging from roofs. These are indicators of problems with your Bend home. Icicles form when snow accumulates on your roof and then melts. If your attic has insufficient insulation or improper ventilation so that your attic becomes warm, this will heat the roof and cause the snow to melt.  As it melts, the water flows towards gutters or the edge of the roof where it freezes again, forming icicles. Experts advise against knocking these icicles off, as this may break the gutter and can cause injury to the homeowner as chunks of ice can be very heavy and dangerous.

Icicles can also be an indic...

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