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.
1331 NE Butler Market Rd., Bend, OR 97701
3 beds, 2 baths, 1,008 square feet, .16 acre lot
Built in 2004
Listed by Cascade Sotheby's International Realty
Address: 1890 NE Altura Rd., Bend, OR 97701
4 beds, 3 baths, 2,228 square feet, .10 acre lot
Built in 2005
Listed by RE/MAX Key Properties
1182 NW Redfield Circle, Bend, OR 97703
3 beds, 3 baths, 4,008 square feet, .97 acre lot
Built in 1997
Listed by Bend Premier Real Estate LLC