The median sales price of a single-family home in Bend in May rose 5.5 percent from April, hitting $190,000, while the median in Redmond was unchanged, at $122,000, according to a report this week from Bratton Appraisal Group, of Bend. In May 2009, Bend's median sales price was $215,000 and in Redmond it was $156,000, meaning the two markets last month declined 11.6 and 21.8 percent, respectively, from a year ago.
Bend's median sales price has been below $200,000 every month in 2010, with prices ranging from a low of $180,000 to a high of $199,000. Bend hit its peak median sales price three years ago, in May 2007, at $396,000. Redmond's median sales price has ranged from a low of $120,000 to a high of $127,000 this year, with its peak in November 2006, at $289,000.
Bratton's report does not include data for condominiums, town homes, manufactured homes or acreage.
Bend recorded 146 sales in May, down from 152 in April but up from 119 in May 2009. The median sales price per square foot, considered a better measure of value, was $103 last month, up from $102 in April but down from $119 in May 2009.
Redmond had 62 sales in May, up from 60 in April and 52 in May 2009. Its price per foot was $75, equal to April but down from $84 a year ago.