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Redmond OR Real Estate - June 2018 Trends

Written by Posted On Wednesday, 11 July 2018 22:48

Redmond Oregon Real Estate Sales Strong

Redmond Oregon Real EstateSingle family residential home sales in Redmond Oregon have been very strong so far in 2018. The number of homes offered for sale has grown, but so have the numbers sold and pended. But unlike Bend, home prices have not escalated and Central Oregonians continue to find Redmond an affordable option to Bend.

For June 2018 compared with June 2017, the data on Redmond Or single family home sales show the following:

  • Homes for sale up 12.3% to 237
  • Homes sold up 6.7% to 95
  • Homes pended up 14.6% to 94
  • Average price per square foot on sold homes up 6.9% to $187,000
  • Months of inventory based on closed sales up 4.2% to 2.5
  • Average active price up 1.2% to $413,000
  • Average sold price unchanged at $325,000*

Predictions for Redmond Real Estate Sales

Builders in Redmond are busy and new construction of Redmond single family homes is actively happening throughout the town. But unlike Bend, new construction in Redmond does not include million dollar spec homes. In fact, the most expensive Redmond single family home built within the last year closed August 11, 2017 at $675,000 in Eagle Crest and the most expensive newly built home for sale in Redmond is listed at $699,000, also in Eagle Crest. We predict that as long as people continue to move to Central Oregon, strong Redmond real estate sales will persist.

 
Redmond Oregon Real Estate
*Data from Central Oregon MLS July 11, 2018. Original blog can be seen at Bend Premier Real Estate's blog.
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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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