Central Oregon Real Estate Market Update

The real estate housing market in Bend was still going strong in October with a median sales price per sq. ft for single family residence of $254, that's up from the previous month when it was t $231. Days on market for sold properties increased a bit from 77 to 86 days in October.
Sales did slow in September from 252 the previous month to 213 and then shot back up in October to 220 sales.  Amazing enough the median sales price is higher in October at $471 than it was in July at $470.

Now is a great time to put your home on the market if you wanting to sell, the market is still strong and there is less inventory.

In bend if your looking for a home under $300k there is not much to choose from, only 4 homes on the market between $250 - $300 and there is none under the $250 price point. Even the $300-$350 price point there is little to choose from with only 35 homes on the market.

If your looking for a bit more affordable housing Redmond is great option with the median sales price at $327 and the price per sq.ft at $197.  Redmond is growing like crazy, with the prices in Bend jumping up people are looking at Redmond. Building permits in October increased from 45 the previous month to 56 in October, Bend's permits fell from 51 to 25 in October.

There are not as many sales in Redmond as there were Bend but the sales increased from the previous month at 88 to 90 in October and the days on market has been holding the last three months at an average of 73 days.

Sisters average sales price has fallen under Bend and is now at $419 with an average of 104 days on the market and a current inventory of five months.

In Sunriver the current inventory is an average of 4 months and a median sales price of $550, days on market art holding at 104 days. We are finding in the Sunriver market if the home has any updates and is price competitively, they are selling very quick and sometimes with multiple offers.

Real estate in La Pine continues to amaze us, the price of housing has jumped, the media sales price is $257 with 113 days on the market and 5 months inventory. La Pine is now being looked at as the alternative place to live with Bend and Redmond's housing prices rising. Watch the market in La Pine because I don't think you will see this area's prices doing anything but going up.

If you would like to view/ search all properties in the Central Oregon check out our website at www.isellsunriver.com

View the whole real estate update report here.