Suzanne Roig has been a reporter with The ÅÝֱܽ²¥ since 2018 covering business and health in the region. When she's not working she enjoys taking her dog Pono out on hikes.
The median sales price of a single-family home in Bend and Redmond may have stabilized in August, while inventory increased, according to the monthly Beacon Report on home sales data.
While the price of a single-family home in Bend is still 16% higher than it was in September 2020, it was about the same price as it was in July, according to the monthly report from Beacon Appraisal Group of Redmond. In Redmond, the median sales price of a single-family home was 24% higher in August compared to September of 2020, according to the report.
In Bend, the median single-family home price dropped $15,000 to $635,000, according to the report. The median sales price for a single-family home peaked in Bend in April at $651,000, according to the report. And inventory increased slightly in Bend to about four weeks worth of homes for sale in August, according to the report.
The Beacon Report uses the median sales price, which is the midpoint value of all transactions in a month.
In Redmond, according to the report, the median sales price of a single-family home appears to have stabilized since May at $450,000 as of August, nearly $100,000 more than it was a year ago. And like Bend, Redmond had about a month’s worth of inventory for sale, according to the report.
The amount of single-family homes for sale in Sunriver and Sisters remained under a month, meaning it would take less than a month to sell all the homes up for sale in these two communities. The median single-family home sales price in Sunriver was $715,000 and $562,000 in Sisters, according to the monthly report.
Suzanne Roig has been a reporter with The ÅÝֱܽ²¥ since 2018 covering business and health in the region. When she's not working she enjoys taking her dog Pono out on hikes.
Actions by Redmond City Council and School Board will likely mean it is no longer a viable place to live for families looking for a more affordable alternative to Bend.
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Actions by Redmond City Council and School Board will likely mean it is no longer a viable place to live for families looking for a more affordable alternative to Bend.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.