The median price for a single-family home in Bend rebounded a little in December, and Redmond's median increased slightly for the second straight month, according to figures released Wednesday by the Bratton Appraisal Group.
In Bend, the median price reached $184,000, an $18,000 increase over November's median, which was the lowest in more than six years, according to the Bratton Report. Last month, 140 single-family homes sold in Bend, and inventory as of Wednesday stood at 3.5 months, according to the report, which uses data from the multiple listing service of Central Oregon.
Redmond's median price for a single-family home last month reached $129,000, about $6,000 more than November's price, according to the report. Sixty-three single-family homes sold in December, and Redmond's inventory was about three months.
Tuesday, January 17, 2012
Tuesday, June 14, 2011
June 2011 Housing Market Hits Bottom
INFO THAT HITS US WHERE WE LIVE... There are those who think the housing market is in bad shape, with the start of a second dip in home prices. Then there are those who see something better -- a bumpy bottoming of home prices, which will soon head back up. Those of us in the second camp were given more ammunition last week by real estate data company Altos Research. Their evidence shows prices bottomed out in March and achieved seasonal rises in April and May. Their VP of market analytics said in a recent webcast: "We're pretty confident that means there is going to be a rebound.... There's still plenty of movement upside and we're going to probably move...back into positive ground." The researchers also reported that median list prices for single-family homes were up from March to May in all but two of the 20 cities they track. They further pointed out that, except for the last boom, the housing market historically has never seen constant price appreciation. There has always been some price volatility, so the latest dipping "...is really just the start of the next housing cycle." Other industry data revealed that in real estate listings in 16 of the 20 largest U.S. metro areas, the average number of days on the market dropped from 150 in December to 140, while median listing prices went from $224,900 to $246,000. This is not yet a housing recovery, but it's also not a double dip.
Saturday, February 12, 2011
Home sales prices up in Bend, Redmond
The median sales price of single-family homes in Bend and Redmond rose last month from December, according to a report Friday from Bratton Appraisal Group of Bend.
In Bend, the January median was $173,000, up 3 percent from December, but down 8.5 percent from January 2010. In Redmond, the median was $122,000, up 7 percent from December and 1.7 percent from a year ago.
Data don’t include condominiums, town houses, manufactured homes or acreage.
In Bend, 125 homes sold last month. Median sales price per square foot was $95.
In Redmond, 51 homes sold last month. Median sales price per square foot was $75.
In Bend, the January median was $173,000, up 3 percent from December, but down 8.5 percent from January 2010. In Redmond, the median was $122,000, up 7 percent from December and 1.7 percent from a year ago.
Data don’t include condominiums, town houses, manufactured homes or acreage.
In Bend, 125 homes sold last month. Median sales price per square foot was $95.
In Redmond, 51 homes sold last month. Median sales price per square foot was $75.
Wednesday, January 19, 2011
Tuesday, August 10, 2010
Bend Leads In Depreciation And Recovery
Bend leads nation in home depreciation
Housing values in Bend have dropped at a higher rate than in any other metropolitan area in the nation during the past year, according to real estate website Zillow.com.
Bend's median home price fell by 21.8 percent, to $167,500, from the second quarter of 2009 to the second quarter this year. Values have dropped 52.5 percent in Bend since the peak of the market in mid-2006, when the median price was $354,000, according to Seattle-based Zillow.
Bend fell the furthest among Oregon metropolitan areas and has had, since the beginning of 2010, the lowest median home value, according to Zillow. Zillow's numbers include both single-family homes and condominiums.
Just last week, however, a Bloomberg Businessweek report forecast that Bend would have the nation's second-strongest housing rebound by 2014, with a 33.6 percent uptick in prices. Only Bremerton-Silverdale, Wash., was picked to rise more, at 44.7 percent.
The housing forecast, done for Businessweek.com by Fiserv and Moody's Economy .com, was based on factors that included income growth, demographic trends, unemployment and foreclosure rates, and construction costs. It expects Bend's prices to bottom in the first quarter of 2011, followed by a rapid recovery.
Housing values in Bend have dropped at a higher rate than in any other metropolitan area in the nation during the past year, according to real estate website Zillow.com.
Bend's median home price fell by 21.8 percent, to $167,500, from the second quarter of 2009 to the second quarter this year. Values have dropped 52.5 percent in Bend since the peak of the market in mid-2006, when the median price was $354,000, according to Seattle-based Zillow.
Bend fell the furthest among Oregon metropolitan areas and has had, since the beginning of 2010, the lowest median home value, according to Zillow. Zillow's numbers include both single-family homes and condominiums.
Just last week, however, a Bloomberg Businessweek report forecast that Bend would have the nation's second-strongest housing rebound by 2014, with a 33.6 percent uptick in prices. Only Bremerton-Silverdale, Wash., was picked to rise more, at 44.7 percent.
The housing forecast, done for Businessweek.com by Fiserv and Moody's Economy .com, was based on factors that included income growth, demographic trends, unemployment and foreclosure rates, and construction costs. It expects Bend's prices to bottom in the first quarter of 2011, followed by a rapid recovery.
Sunday, July 25, 2010
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