Bend Home Prices Continue Upward Climb in January | Take Me Home | Bend | The Source Weekly - Bend, Oregon

Coverage for Central Oregon, by Central Oregonians.

The Source Weekly has been here for you, keeping you in the know throughout the coronavirus pandemic.

We’ve delivered important updates and dispatches from a summer of racial unrest.

We’ve interviewed dozens of state and local political candidates to help you make an informed decision during election season.

And we’ve brought you 22 years of important news and feature reporting—along with all the events, happenings, food, drink and outdoors coverage you’ve come to know and love. We’re a newspaper for Central Oregon, by Central Oregonians, and it is and always has been free for readers.

If you appreciate our coverage, we invite you to spread the love and to join our growing membership program, Source Insider.
Support Us Here

Culture » Take Me Home

Bend Home Prices Continue Upward Climb in January

comment

The Beacon report, a monthly report based on Multiple Listing Service (MLS) statistics, recently released January 2017 market statistics. The statistics are based on single family homes on lots less than 1 acre and do not include condos or manufactured homes.

According to the report, the median price for Bend single family homes continued an upward climb, rising from $355,000 in December to $371,000 for January. The median price per square foot rose to $200 from $193 in December.

Of the 130 sales for Bend, seven were under $250,000, 72 were in the $250,000-$400,000 price range, 45 were in the $400,000-$700,000 price range, and the remaining six were in the $700,000 plus price range.

In contrast to Bend, the Redmond median single family home price declined from $266,000 in December to $258,000 for January, with price per square foot also declining from $153 in December to $151 in January.

Inventory levels remain under the two-month mark in both Bend and Redmond, which contributes to the continued upward pressure on prices. A six-month supply is considered a healthy inventory level in industry literature.

Source: http://beaconappraisal.net/wp-content/uploads/2017/02/BEACON-REPORT-February-2017.pdf

LOW

1331 NE Butler Market Rd., Bend, OR 97701

3 beds, 2 baths, 1,008 square feet, .16 acre lot

Built in 2004

$244,950

Listed by Cascade Sotheby's International Realty

MID   

Address: 1890 NE Altura Rd., Bend, OR 97701

4 beds, 3 baths, 2,228 square feet, .10 acre lot

Built in 2005

$379,000

Listed by RE/MAX Key Properties

HIGH

1182 NW Redfield Circle, Bend, OR 97703

3 beds, 3 baths, 4,008 square feet, .97 acre lot

Built in 1997

$1,049,000

Listed by Bend Premier Real Estate LLC


Add a comment