Home prices decline in December
Published 11:15 am Tuesday, January 10, 2017
The median home sales price in Bend in December declined by $19,000, or 5 percent, after a small bump in November, according to a report released Monday.
Redmond home prices declined slightly as well in December, with the median price dropping by $4,000 since November. However, the Redmond median price is still up by more than 19 percent since December 2015.
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In Bend, the median price for a single-family home was $355,000 last month, up more than 9 percent since the previous December, according to the report from the Beacon Appraisal Group in Redmond. The most recent median high price in Bend was $385,000, in September, according to the group.
Bend had 192 single-family home sales last month, four fewer than in November, and 18 fewer than in December 2015.
In Redmond, the median price for a single-family home dropped to $266,000, a decline of 1.5 percent. The Beacon Report showed 80 home sales, six fewer than in November.
—Bulletin Staff Report