Happy New Year Central Oregon! With the holidays behind us and the winter storms peeking around the corner, we are starting the year off just right, according to local real estate trends. Market activity is holding steady, showing averages maintaining for this time of year. In our monthly Trend Reports, we offer valuable insights by reviewing last month’s market activity. This information can be an informative resource for any future trends we might see as we finish out January and head into February.
January 1st Inventory and December Activity
With 280 active listings as of January 1st, the Bend market has a good selection of homes for those looking to buy. The overall number of active listings for both Bend and Redmond have dipped slightly, since last month, but that is on-trend for this time of year, according to years past. Redmond’s active listings, as of January 1st, showed 134 homes overall. The numbers for both Bend and Redmond remained consistent all year, in 2019, and December’s numbers agreed with that trend. As we head into this new year, we are seeing the combined active listings for Central Oregon at 414 homes.
December numbers for the Redmond market show us 69 homes sold, 59 new homes on the market and 77 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 48. The $225,000 – $325,000 had 42 active listings, the $425,000 – $525,000 range had 21 actives, and the $525,000 & up price range showed 33 active listings.
For Bend, the numbers in December dropped slightly from November, however we still saw a healthy variety of homes to choose from. There were 4 active listings in the $225,000-$325,000 range, 80 in the $325,100-$425,000 range, 74 in the $425,100 -$525,000 range and 39 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 34 active listings, the $725,000 – $825,000 had 22 actives and the $825,000 – $925,000 showed 28 active homes listed. As you can see from our Market Trend Report, there were quite a few homes available in the higher price ranges as well, showing 82 homes in the $925,100 & up price range, which remained the same as November numbers for that price range.
In our Central Oregon real estate market, buyers often look for competitive pricing as they consider properties. If you are selling your home and trying to price your property, we encourage you to consult with your trusted Duke Warner Broker for seasoned, expert advice. Our brokers will share their variety of experience, excitement, and deep market knowledge while they work for you.
Sold and Pending Listings
Bend had 127 pending homes and Redmond had 77, in December. These numbers remain consistent and tell us both buyers AND sellers are competing for available properties. For sold listings in Bend, there were 167 in November and 206 in December. In Redmond, we saw 87 sold in November and 69 in December.
As we lean into 2020 and start thinking about the next several months in the real estate market, we like to remind Central Oregon that our team of real estate experts are always available and happy to help guide you in the home buying and selling journey. Central Oregon is a beautiful place to live and no matter what stage of life you are in, there is something for everyone in the real estate market. As you consider your housing needs, start to plan and look ahead, whether you want to buy or sell a home, keep us in mind for your real estate ventures. Our wonderful team knows how to price properties according to the market trends, and our love of the industry is reflected in our willingness to work hard for our clients.
Give us a call today and let us help you get started! We can be reached at 541.382.8262 or send us an email at email@example.com.