The Beacon Report – February 2022.
The Single-Family Residential (SFR) inventory levels fell last month in Bend and Redmond to a 1-month and 1.5-month supply respectively.
Bend SFR median sale price was stable at $685k last month and about 21% of sales were in the $1Mill+ price points. Last January, SFR sales in the $1Mill+ price points made up about 18% of all sales.
Redmond SFR median sale price was $420k last month, and the downward trend appears to be leveling.
Building permits in Bend and Redmond increased last month with Redmond having a larger increase than Bend.
The link to the most recent report is below.
The Beacon Report – February 2022
The Beacon Report is compiled each month by Donnie Montagner (State Certified Residential Appraiser) of Beacon Appraisal Group LLC with information obtained from the MLS of Central Oregon with permission from the Central Oregon Association of Realtors®.