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2019

Market Report CENTRAL OREGON

Cascade Sotheby’s International Realty is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information provided is “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.


2019 MARKET REPORT

Central Oregon Central Oregon includes: Bend, Tetherow, Sunriver, Three Rivers South, Sisters, Redmond, Prineville, Crook County, Jefferson County, Culver, La Pine, Brasada Ranch, Broken Top

ALL RESIDENTIAL

2018

2019

Total Units Sold

6800

6633

167

Total Sold Volume

$2,814,677,116

$2,903,356,234

3%

Median Sales Price

$354,458

$375,000

21k

Average Days on Market

115

114

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

1349

1332

Total Sold Volume

$620,902,059

$645,248,520

4%

Median Sales Price

$365,000

$394,450

29k

Average Days on Market

133

129

TOWNHOMES & CONDOS

2018

2019

Total Units Sold

481

487

Total Sold Volume

$178,813,708

$187,119,898

5%

Median Sales Price

$321,000

$325,000

4k

Average Days on Market

116

133

17

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

1

COMPARISON

17

4

COMPARISON

6


2019 MARKET REPORT

Bend Zip Codes: 97701, 97702, 97703, 97708 Population: 94,520 County: Deschutes

COMPARISON

ALL RESIDENTIAL

2018

2019

Total Units Sold

3260

3129

131

Total Sold Volume

$1,626,173,331

$1,658,945,815

2%

Median Sales Price

$425,000

$455,000

30k

Average Days on Market

108

110

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

371

351

20

Total Sold Volume

$252,343,144

$256,351,723

2%

Median Sales Price

$600,000

$610,000

10k

Average Days on Market

132

129

TOWNHOMES & CONDOS

2018

2019

Total Units Sold

279

299

Total Sold Volume

$120,996,299

$134,727,516

11%

Median Sales Price

$350,000

$375,000

25k

Average Days on Market

124

148

24

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

2

COMPARISON

3

COMPARISON

20


2019 MARKET REPORT

Tetherow

Resort Community in Bend Zip Codes: 97702 County: Deschutes

ALL RESIDENTIAL

2018

2019

Total Units Sold

52

52

Total Sold Volume

$64,831,852

$60,569,710

Median Sales Price

$1,165,000

$1,042,750

Average Days on Market

241

198

RESIDENTIAL WITH ACREAGE

2018

2019

( > 1 ACRE )

Total Units Sold

1

Total Sold Volume

$2,105,000

Median Sales Price

$2,105,000

Average Days on Market

22

COMPARISON

7% 122k 43

COMPARISON

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

7

10

Total Sold Volume

$6,637,500

$7,559,500

13%

Median Sales Price

$974,000

$809,500

165k

Average Days on Market

209

204

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

3

5


2019 MARKET REPORT

Broken Top Resort Community in Bend Zip Codes: 97702 County: Deschutes

ALL RESIDENTIAL

2018

2019

Total Units Sold

55

55

Total Sold Volume

$46,225,650

$53,781,870

15%

Median Sales Price

$742,000

$840,000

98k

Average Days on Market

115

136

2018

2019

Total Units Sold

1

1

Total Sold Volume

$2,550,000

$2,425,000

5%

Median Sales Price

$2,550,000

$2,425,000

125k

Average Days on Market

323

280

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

25

17

Total Sold Volume

$12,889,450

$8,256,900

44%

Median Sales Price

$535,000

$495,000

40k

Average Days on Market

134

127

RESIDENTIAL WITH ACREAGE ( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

21

COMPARISON

43 COMPARISON

8

7


2019 MARKET REPORT

Sunriver Zip Codes: 97707 Population: 1,393 County: Deschutes

ALL RESIDENTIAL

2018

2019

Total Units Sold

293

282

Total Sold Volume

$127,856,328

$124,561,201

3%

Median Sales Price

$425,000

$450,000

25k

Average Days on Market

117

102

TOWNHOMES AND CONDO SALES

2018

2019

Total Units Sold

70

73

Total Sold Volume

$22,055,302

$22,026,038

.1%

Median Sales Price

$312,500

$300,000

13k

Average Days on Market

96

76

20

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

11

15

COMPARISON

3


2019 MARKET REPORT

Three Rivers South Zip Codes: 97707 Population: 3,014 County: Deschutes

ALL RESIDENTIAL

2018

2019

Total Units Sold

211

212

Total Sold Volume

$99,153,611

$105,256,183

6%

Median Sales Price

$357,900

$387,000

29k

Average Days on Market

120

107

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

55

60

Total Sold Volume

$27,440,193

$32,016,635

15%

Median Sales Price

$418,000

$399,998

18k

Average Days on Market

129

114

15

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

2

Total Sold Volume

$1,482,000

Median Sales Price

$741,000

Average Days on Market

151

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

1

13

COMPARISON

5

COMPARISON


2019 MARKET REPORT

Sisters Zip Codes: 97759 Population: 2,038 County: Deschutes

ALL RESIDENTIAL

2018

2019

Total Units Sold

320

307

13

Total Sold Volume

$151,996,740

$159,857,996

5%

Median Sales Price

$419,950

$450,000

30k

Average Days on Market

140

133

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

82

84

Total Sold Volume

$55,644,450

$61,828,511

11%

Median Sales Price

$620,000

$675,000

55k

Average Days on Market

139

149

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

31

20

Total Sold Volume

$8,998,857

$6,326,800

Median Sales Price

$277,000

$292,450

15k

Average Days on Market

102

147

45

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

7

COMPARISON

2

10 COMPARISON

11 35%


2019 MARKET REPORT

Redmond Zip Codes: 97756 Population: 64,291 County: Deschutes

ALL RESIDENTIAL

2018

2019

Total Units Sold

1260

1288

28

Total Sold Volume

$414,459,147

$451,107,169

8%

Median Sales Price

$296,750

$319,840

23k

Average Days on Market

113

111

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

136

129

Total Sold Volume

$71,215,525

$67,833,699

Median Sales Price

$476,313

$477,500

1k

Average Days on Market

139

132

7

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

90

80

10

Total Sold Volume

$23,703,650

$21,581,414

9%

Median Sales Price

$248,700

$276,250

28k

Average Days on Market

112

130

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

2

COMPARISON

7 5%

COMPARISON

18


2019 MARKET REPORT

La Pine Zip Codes: 97739 Population: 1,864 County: Deschutes

ALL RESIDENTIAL

2018

2019

Total Units Sold

327

344

Total Sold Volume

$80,330,386

$91,725,522

13%

Median Sales Price

$230,884

$251,025

20k

Average Days on Market

120

123

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

198

208

Total Sold Volume

$48,371,275

$57,132,653

17%

Median Sales Price

$239,500

$262,000

23k

Average Days on Market

109

120

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

17

3

COMPARISON

10

11


2019 MARKET REPORT

Crook County Zip Codes: 97751, 97752, 97753, 97754, Population: 23,123 Includes: Paulina, Post, Powell Butte, Prineville

ALL RESIDENTIAL

2018

2019

Total Units Sold

491

502

Total Sold Volume

$154,302,814

$162,454,013

5%

Median Sales Price

$250,000

$275,000

25k

Average Days on Market

120

120

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

180

184

Total Sold Volume

$68,852,994

$73,219,765

6%

Median Sales Price

$337,700

$364,950

27k

Average Days on Market

137

135

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

4

4

Total Sold Volume

$847,300

$833,980

2%

Median Sales Price

$204,950

$220,500

16k

Average Days on Market

73

25

48

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

11

COMPARISON

4

2 COMPARISON


2019 MARKET REPORT

Prineville Zip Codes: 97754 Population: 10,055 County: Crook

ALL RESIDENTIAL

2018

2019

Total Units Sold

425

439

14

Total Sold Volume

$112,708,581

$123,473,903

9%

Median Sales Price

$239,900

$257,400

18k

Average Days on Market

117

116

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

145

140

Total Sold Volume

$48,172,394

$47,578,465

1%

Median Sales Price

$300,000

$317,000

17k

Average Days on Market

135

134

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

4

4

Total Sold Volume

$847,300

$833,980

2%

Median Sales Price

$204,950

$220,500

16k

Average Days on Market

73

25

48

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

1

COMPARISON

5

1 COMPARISON


2019 MARKET REPORT

Brasada Ranch Zip Codes: 97753 County: Crook

ALL RESIDENTIAL

2018

2019

Total Units Sold

34

20

Total Sold Volume

$23,883,633

$13,777,810

54%

Median Sales Price

$652,450

$662,500

10k

Average Days on Market

146

167

21

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

3

Total Sold Volume

$2,970,000

Median Sales Price

$975,000

Average Days on Market

205

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

14

COMPARISON


2019 MARKET REPORT

Jefferson County Zip Codes: 97711,97730, 97760, 97734, 97761, 97741, 97761 Population: 23,758 Includes: Ashwood, Camp Sherman, Crooked River Ranch, Culver, Kahneeta, Madras, Metolius, Terrebonne, Warm Springs ALL RESIDENTIAL

2018

2019

Total Units Sold

280

238

Total Sold Volume

$63,991,123

$57,582,144

Median Sales Price

$217,250

$225,690

8k

Average Days on Market

121

125

4

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

70

73

Total Sold Volume

$23,426,852

$24,578,484

5%

Median Sales Price

$317,500

$309,000

9k

Average Days on Market

157

154

3

TOWNHOMES AND CONDO

2018

2019

Total Units Sold

3

10

Total Sold Volume

$420,500

$1,322,150

Median Sales Price

$142,500

$137,500

5k

Average Days on Market

82

88

6

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

42 11%

COMPARISON

3

COMPARISON

7 103%


2019 MARKET REPORT

Culver Zip Codes: 97734 Population: 1,508 County: Jefferson

ALL RESIDENTIAL

2018

2019

Total Units Sold

87

61

Total Sold Volume

$22,164,025

$18,242,564

19%

Median Sales Price

$235,000

$260,000

25k

Average Days on Market

124

146

22

RESIDENTIAL WITH ACREAGE

2018

2019

Total Units Sold

27

25

Total Sold Volume

$68,852,994

$73,219,765

6%

Median Sales Price

$275,000

$325,000

50k

Average Days on Market

150

179

29

( > 1 ACRE )

*From MLS data 1.1.18 - 12.31.19; data subject to change. Each Office is Independently Owned and Operated

COMPARISON

26

COMPARISON

2


Our Offices OREGON COAST

PORTLAND AREA

CENTRAL OREGON

Gearhart

Pearl District

Bend - Downtown

1321 NW Hoyt St Portland, OR 97209 503.420.8600

821 NW Wall Street Bend, OR 97702 541.383.7600

Cannon Beach

NE Portland

Bend - Old Mill (HQ)

2236 NE Broadway St Portland, OR 97232 503.420.8600

650 SW Bond Street, Suite 100 Bend, OR 97702 541.383.7600

Manzanita

Vancouver WA

Sisters

Lake Oswego

Sunriver

Beaverton

COLUMBIA RIVER GORGE

587 Pacific Way, PO Box 2300 Gearhart, OR 97138 503.738.5100

130 North Hemlock, Suite 1 Cannon Beach, OR 97110 503.436.9000

467 Laneda Avenue, Box 820 Manzanita, OR 97130 503.368.6609

Lincoln City

1831 SW HWY 101 Lincoln City, OR 97367 541.994.5221

900 Washington Street Suite 150 Vancouver, WA 98660 360.419.5600

310 N. State Street, Suite 102 Lake Oswego, OR 97034 503.420.8650

8880 SW Nimbus Ave, Suite C Beaverton, OR 97008 503.537.4925

290 East Cascade Avenue, PO Box 609 Sisters, OR 97759 541.588.6614

57100 Beaver Drive, Building 5, Suite 150 Sunriver, OR 97707 541.593.2122

Hood River

116 3rd St, Suite 209 Hood River, OR 97031 541.716.0701

Cascade Sotheby’s International Realty is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information provided is “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

Profile for Cascade Sotheby's International Realty

2019 Market Report | Central Oregon  

2019 Central Oregon Real Estate Market Report

2019 Market Report | Central Oregon  

2019 Central Oregon Real Estate Market Report