Posts from January 2024

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What Happened With Redmond Oregon Real Estate Sales in 2023?

January 19th, 2024 by Bend Premier Real Estate

Redmond Home Sales Dropped in 2023

Redmond has been among the best locations in Central Oregon for middle class homeowners to reside. Situated only 20 minutes north of Bend on Hwy 97, Redmond has been a more affordable option for many looking to purchase in Central Oregon and its close proximity to Bend has made Redmond a town from which many who work in Bend can fairly easily commute.

Redmond experienced the same real estate market trends Bend did during the Covid pandemic with limited inventory and great demand pushing prices up. Low interest rates enabled many to purchase Redmond homes at lower prices than seen in Bend. However, when interest rates doubled in 2022, this greatly impacted the buying power of would-be Redmond homebuyers and in 2023, median home prices dropped in Redmond by over 4%.

Redmond Median Sales Pric...

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Categories: Redmond Oregon Real Estate Trends

Tags: Redmond Oregon Real Estate, Redmond Real Estate Trends, Redmond

Related Markets: Redmond

January
10

Bend Premier Real Estate | January 2024 Newsletter

January 10th, 2024 by Bend Premier Real Estate

What's in the January, 2024 Bend Premier Real Estate Newsletter?

Bend Home Sales Were Limited in 2024
Bang Bang Cauliflower
January Home Maintenance and Safety Checklist
Chasing Frozen Waterfalls in Central Oregon
Achieving Your Homebuying Dreams in2024

Categories: Newsletters

January
8

Bend Oregon Real Estate | 2023 Trends and 2024 Predictions

January 8th, 2024 by Bend Premier Real Estate

Bend Real Estate Sales Were Limited in 2024

Probably the biggest challenge for Bend Home Sales in 2024 was mortgage interest rates. Mortgage rates started the year at 6.48% and ended the year at 6.62%. During the middle of the year, the mortgage rates rose to 7.79% which greatly limited the buying power for most Bend homebuyers who needed to finance in order to purchase. Home sales in Bend continued, but at a greatly reduced rate than experienced during Covid when mortgage rates under 4% were normal.

Freddie Mac Mortgage Rates 2023

High mortgage rates also kept many Bend home sellers from listing. The thought for many was why sell and give up a great mortgage rate of less than 4% to exchange to one over 7% on a different home? Many Central Oregon real estate brokers discovered that many listings were limited to just those who had to sell for a job tra...

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Categories: Bend Oregon Real Estate Trends

Tags: bend oregon real estate, bend real estate, bend homes for sale, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Bend Luxury Homes, multiple offer, Bend, Bend Premier Real Estate Brokers, Bend Premier Real Estate Agents

Related Markets: Bend

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