Home prices increase in Bend, Redmond

The median price for a single-family home in Bend rose 4.5 percent last month over February, according to a report released Wednesday, while the median price in Redmond rose 11 percent month over month.

Both cities also saw increases year-over-year in median price.

Bend’s median price rose to $347,000 in March, or $15,000 above the median price in February, according to The Beacon Report. Last month’s median was about 6 percent higher than the median price for a single-family home in Bend in March 2015, according to the report from the Beacon Appraisal Group.

The median price equals the midpoint, with half the prices above it and half below.

Bend recorded 185 home sales last month, 58 more than in February and 13 more than in March 2015.

In Redmond, the median single-family-home price was $250,000 last month, $25,000 higher than in February. March’s median price, however, was 18 percent higher than the median price in March 2015, according to the report.

Redmond recorded 81 home sales last month, 28 more than in February, and 26 more than sold in March 2015, according to The Beacon Report.

— By Joseph Ditzler


Source: BB Real Estate – listStories1

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