Posts with tag 'Redmond Real Estate Trends'
Subscribe and receive email notifications of new blog posts.
RSS Feed
11
Central Oregon Real Estate | 2nd Quarter 2025 Trends
Click Here to see the Q2 Market Trends for Bend Real Estate and Redmond Real Estate, as well as the Q2 real estate trends in Sunriver, La Pine, Sisters, Prineville, Madras, Powell Butte, and Black Butte Ranch. In Q2 2025, the Bend Oregon Real Estate market and surrounding communities experienced a change, typically seeing a significant increase in inventory year over year with more homes, more new listings, and consistently more days on market. Buyers had more choices with the increased number of homes for sale and sellers were more inclined to consider offers under asking price. The number of listings grew, days on market increased in many markets, and prices decreased slightly in the larger markets of Bend and Redmond. However, despite the increased number of homes for sale, Bend, Redmond, Sisters, Prineville and Madras reflected a seller's market, although much less strong than in earlier quarters; Black Butte Ranch, La Pine and Sunriver were in a balanced market with Powell Butte in a very strong buyer's market with 32 months of supply.
A Bend Premier real estate broker understands the local market trends, which is crucial to properly representing buyers and sellers. We can provide insights into which areas are popular, price trends, and the average time properties stay on the market. We can also provide you with access to listings that match your criteria, some of which may not be widely advertised. We also have the first word on properties about to hit the market, giving you an edge in a competitive market.
To learn more about buying or selling Bend real estate, contact one of our Premier Agents at (541) 323-2779 any day of the week.
16
Redmond Oregon Real Estate | 3rd Quarter 2024 Trends
Redmond Oregon Home Prices Have Leveled Off
Redmond is a quick 15 minute drive north of Bend and has been a great option for those Central Oregon home buyers who cannot afford Bend, in addition to those who just want to live in a growing community that is supportive of business and family. Unlike other areas of Central Oregon, Redmond has been consistent with its home prices. Few luxury homes are found in Redmond, but rather a more homogeneous housing mix of middle class homes. Redmond home sales for third quarter 2024 reflect this consistency. Looking year over year comparing single family home sales on less than an acre third quarter 2024 with third quarter 2023, the following changes can be seen:
29
Are We Heading into a Balanced Market?
If you've been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here's a breakdown of what you need to know.
What Is a Balanced Market?
A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there's a healthier number of
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.12
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...
Privacy Policy / DMCA Notice / ADA Accessibility
