Bend home prices fall below $200K; sales up
Published: May 13. 2009 4:00AM PST
The median price for a single-family home in Bend fell to $195,000 in April, but sales surged, according to the monthly Bratton Report released Tuesday. The median was last below $200,000 in early 2004, according to The Bulletin’s archives. The median price fell 27.8 percent from the April 2008 price of $270,000 and 50.8 percent from its peak of $396,000 in May 2007. Bend home sales, though, rose nearly 18 percent — from 89 in March to 105 in April. Sales rose 12.9 percent from April 2008.
The price per square foot, considered a better indicator of value by most real estate professionals, fell from $110 in March to $105 in April. That’s down 32.3 percent from the year-ago price of $155.
In Redmond, the April median price for a single-family home was $174,000, down less than 1 percent from $175,000 in March. That’s off 22.7 percent from the April 2008 price of $225,000 and 39.8 percent from the peak of $289,000 in November 2006.
Redmond home sales in April rose from 32 in March to 39 in April, up nearly 22 percent, but sales fell 23.5 percent from April 2008.
Redmond’s price per square foot dropped to $86 in April from $92 in March.
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