The Beacon Report – November 2020.
Cool weather, Hot SFR Central Oregon Market.
The Single-Family Residential (SFR) inventory level in Bend slightly declined last month and the median sale price increased to $560k. The number of sales in the $700k to 1Mill+ price range was approximately 83% higher this October when compared to October 2019. Building permit statistics in Bend have not yet been updated for the month of October.
Redmond had a modest increase in SFR median sale price in October, another record. Inventory slightly ticked up, but remains significantly low.
From all of us at Beacon Appraisal Group, have a great Thanksgiving.
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®.