Happy Spring! The Bend and Central Oregon real estate markets are blooming. Read the April Beacon Report for the latest stats on median prices and more. Buyers are gearing up for some stiff competition as the seller’s market continues.
MARKET NEWS FOR BEND REAL ESTATE
The median price for a home in the Bend area was $590,000, up from February’s $575,000, with the average price per square foot down $5, from $297 to $292.
The average number days a Bend home spends on the market held steady at 4 for March.
Despite a hot market, continued low interest rates are encouraging record numbers of first-time buyers to make the leap to a new home. Read more here.
It takes more than putting your home on the MLS to get the most showings and the best price! Attract stunning offers with expert photography, impeccable staging, and white-glove services from the seasoned real estate experts at Bend Relo at Fred Real Estate Group.
REDMOND: HOME SALES UPDATE
Median price for Redmond area homes was $412,000, up from $373,000 (a 10% leap!), with the average price per square foot increasing from $218 to $240. Days homes spent on the market remained steady at 4 days.
SUNRIVER: HOUSING MARKET STATS
Homes spent an average of 3 days on the market in Sunriver, with a median home sales price of $775,000. Current inventory of available homes continues to be very low.
SISTERS: HOUSING MARKET UPDATE
The average home for sale in Sisters, Oregon spent 6 days on the market in March, with a median sales price of $428,000, down from $443,000. As with the rest of Central Oregon, available inventory of homes is low.
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