In December, Bend saw a slight dip in home prices from the previous month, according to the January Beacon Report*.
The median home sales price in Bend for a single-family home was $355,000. That’s a decline of 5 percent ($19,000) compared to November –- but it’s an increase of more than 9 percent since December 2015. Bend had 192 single-family home sales last month, four fewer than in November and 18 fewer than in December 2015.
Meanwhile, in Sisters, the median price for single-family homes increased more than 7 percent in December – up from $335,000 in November to $360,000. There were 16 SFR sales in December, compared to 15 in November.
Redmond home prices declined slightly in December, down 1.5 percent — from $270,000 in November to $266,000 in December. The Redmond median price is up by more than 19 percent since December 2015, when it was $223,000. There were 80 home sales, six fewer than in November.
The Beacon Report is compiled by Beacon Appraisal Group, which regularly tracks real estate trends in Central Oregon.
*All listing information provided here is deemed reliable, but is not guaranteed and should be independently verified. The Multiple Listing Service of Central Oregon (MLSCO) does not verify the information provided and disclaims any responsibility or liability arising from any inaccuracy or inadequacy of said information or for typographical errors by MLSCO, or for any delay caused in dissemination of such information.
About the Author
Lisa Broadwater, GRI, CDPE, is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Bend and Redmond.