Wednesday, March 11, 2009

Bend real estate down 45%

From the Bend Bulletin:

The median sales price of a single-family home in Bend fell to $215,000 in February, down from $233,000 in January and $318,000 in February 2008, according to the Bratton Report released Tuesday by Bratton Appraisal Group. Last month’s median price was 45.7 percent lower than Bend’s peak median in May 2007. The median sales price per square foot, considered a better measure of value, was $109 last month, down from $125 in January and $162 a year ago. There were 65 sales last month, down from 68 in January, but up from 56 last year.
In Redmond, the median sales price rose to $177,000 from $159,000 in January, but fell from $230,000 in February 2008. Last month’s median was 38.7 percent lower than the market’s peak median in November 2006.
The median sales price per square foot was $88, down from $90 in January and $141 a year ago. There were 24 sales last month, up from 19 in January but down from 30 a year ago.


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