Some C. Oregon home sales slip as prices jump in 2016
The Central Oregon Association of REALTORS® released year-end statistics Wednesday for single-family home sales and prices during 2016, noting that in general areas with the smallest percentage of total sales also saw the biggest increases in sale prices.
Below is a brief snapshot of the of the market in 2016, compared to 2015:
Bend
· The median home price for residential homes under one acre rose 9% while the total number of homes sold rose 3%.
· The median price for residential homes over one acre rose 12%, but the total number of homes sold dropped 3%.
· The median price of land and lot rose 13%, but the total number sold dropped 3%.
· The median price of townhomes and condos rose 3% and the total number of sales rose 10%.
Crook County
· The median home price for residential homes under one acre rose 16% and the total number of homes sold rose 9%.
· The median home price for residential homes over one acre rose 11% and the total number of homes sold fell 1%
· The median price of land and lots fell 26% but the total number sold rose 27%.
Jefferson County
· The median home price for residential homes under one acre rose 14% and the total number of homes sold decreased 17%.
· The median home price for residential homes over one acre rose 2% and the total number of homes sold increased 29%.
La Pine
· The median home price for residential homes under one acre rose 6% and the total number of homes sold rose 11%.
· The median home price for residential homes over one acre rose 11% and the total number of homes sold rose 3%.
Redmond/Terrebonne
· The median home price for residential homes under one acre rose 12% and the total number of homes sold rose 7%.
· The median price of townhomes and condos rose 2% and the total number of sales rose 38%.
Sisters
· The median home price for residential homes under one acre rose 11% and the total number of homes sold rose 13%.
· The median home price for residential homes over one acre rose 13% and the total number of homes decreased 14%.
Sunriver
· For residential under one acre, the days on market decreased 55% and the median sales price rose 4%
· Townhome and condo days on market decreased by 58%, the median price rose 9% and the total number of sales increased 32%.
· The median price of timeshares and shared interest rose 21%
