Tuesday, 25 July 2017

Redmond Real Estate | February 2017 Trends

Written by Posted On Friday, 17 March 2017 20:16

Home Sales in Redmond Or

Real estate sales continue to be strong in Redmond. Despite our difficult winter, data from the Multiple Listing Service of Oregon show that Redmond home prices continue to rise and that housing demand is high. Comparing February 2016 statistics with 2017, the following can be noted:

  • The average active home price is up 9.5% to $392,000
  • The average sold home price is up 23.9% to $301,000
  • The average price per square foot on sold homes is up 18.3% to $168 - the highest figure in 10 years.

There remains a shortage of available homes with only 1.8 months of inventory based on pended sales, down 36.1% from January 2017.

Redmond OR Real Estate

Redmond has historically been considered a more affordable option for Central Oregon home buyers, but at the current rate of home value increase, home buyers may also find that Redmond is becoming too expensive for many.  

Original Blog can be seen at Bend Premier Real Estate's blog page.

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Lynnea Miller

Owner/Managing Principal Broker Bend Premier Real Estate.

Lynnea began her real estate career when her husband became a general contractor in 1994. After years of working with her husband and selling many homes "for sale by builder," Lynnea got her real estate license in 2000 and began working at a local brokerage, first as part time Broker and marketing director for the company, and later as full time office manager/marketing director/transaction coordinator, and then as Principal Broker. In 2010, Lynnea started her own brokerage, Bend Premier Real Estate, with the encourage of her husband and several Brokers.


Prior to real estate, Lynnea worked for 9 years with her husband in the ownership and management of 3 retail Bend, Oregon businesses with up to 35 employees. Before moving to Bend in 1985, Lynnea worked in homeowner association property management, being promoted in the space of 1 year from Customer Service, to Property Manager, to District Manager.

Lynnea graduated from the University of Oregon Summa Cum Laude in 1983 with a Bachelors of Science degree and graduate first in her high school class in 1979. Lynnea and her husband have 3 adult children. Lynnea also teaches fitness classes part time, holding an ACE certification since 1990

https://www.bendpremierrealestate.com
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