Support local, independent journalism in Central Oregon! Become a Source Weekly Member today.

Prices Up, Inventory Tight

Median prices in Bend rose to $410,000 in December, 2017

[
        {
          "name": "Air - Ad - Rectangle - 2 pack - Inline Content - 1",
          "insertPoint": "1/2",
          "component": "16844684",
          "requiredCountToDisplay": "6"
        }
        
        ,{
          "name": "Air - Ad - Rectangle - 2 pack - Inline Content - 2",
          "insertPoint": "1/4",
          "component": "16844686",
          "requiredCountToDisplay": "20"
        },{
          "name": "Air - Ad - Rectangle - 2 pack - Inline Content - 3",
          "insertPoint": "3/4",
          "component": "16844687",
          "requiredCountToDisplay": "17"
        }
      ]

The Beacon Report, based on Central Oregon real estate statistics from our local Multiple Listing Service, recently released its report of the January 2018 figures on single family residence sales of 1 acre or less. According to the report, the Bend median price increased to $410,000, up from $395,000 in December 2017, and up 11 percent from $371,000 in January 2017. Redmond sales under $350,000 comprised 85 percent of total sales compared to Bend's 33 percent, reflecting a trend for meeting mid-range home-buyer needs.

About The Author

Nick Nayne, Principal Broker

Nick Nayne, Principal Broker on Facebook

Nick Nayne, Principal Broker on Twitter

Email Nick Nayne, Principal Broker

Nick Nayne, Principal Broker Website

Principal Broker at The Broker Network Realty in Bend, OR. Over 12 years experience in Real Estate working with buyers, sellers and investment properties.