Home price dips in Bend, jumps in Redmond
Published 12:00 am Saturday, December 27, 2014
- The Bulletin file photo
The median price for a single-family home dipped 1 percent in Bend last month, but jumped nearly 12 percent in Redmond, according to a report released in early December.
Bend’s median home price fell to $295,000 last month, $3,000 below October’s median, according to The Beacon Report, formerly called The Bratton Report. But the median price last month in Bend was the same as the price recorded in November 2013, according to the report.
The 156 homes sold in Bend last month represented a drop of 51 sales over October, according to the report by Appraiser Donnie Montagner, owner of The Beacon Appraisal Group in Redmond. In November 2013, Bend recorded 165 single-family home sales.
Redmond’s median price for a single-family home last month reached $210,000, a $22,000 increase over October’s median and a $10,000 increase over November 2013, according to the report.
Sales of single-family homes in Redmond increased by two, from 64 sales in October to 66 in November. The report showed 51 single-family home sales in Redmond in November 2013.