December home prices down in Bend, Redmond

Published 12:00 am Thursday, January 8, 2015

The median price for a single-family home dipped nearly 2 percent last month in Bend from November’s median, and it dropped 10 percent in Redmond, according to a report released Wednesday.

But year over year, the median price increased nearly 9 percent in Bend and almost 15 percent in Redmond, according to The Beacon Report.

Bend’s median home price fell to $290,000 last month, $5,000 below November’s median, according to the report, formerly called The Bratton Report. But Bend’s median price last month was $23,000 higher than the median recorded in December 2013.

Sales of single-family homes in Bend increased by 12, from 156 in November to 168 in December, according to the report. In December 2013, 149 homes were sold in Bend.

Redmond’s median price for a single-family home dropped to $189,000 last month, $21,000 below November’s median. But it represented an increase of $24,000 over the median price in December 2013, according to the report from the Beacon Appraisal Group in Redmond.

Home sales dropped in Redmond last month, from 66 in November to 45 in December. In December 2013, 52 homes were sold in Redmond, according to the report.

— Bulletin staff report