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
Contact Us To Talk More
The LivPortland Team LivPortland.com
joe@LivPortland.com steph@LivPortland.com
503-380-0246
Our Offices OREGON COAST
PORTLAND AREA
CENTRAL OREGON
Gearhart
Pearl District
Bend - Downtown
587 Pacific Way, PO Box 2300
1321 NW Hoyt St
821 NW Wall Street
Gearhart, OR 97138
Portland, OR 97209
Bend, OR 97702
Cannon Beach
NE Portland
Bend - Old Mill (HQ)
130 North Hemlock, Suite 1
2236 NE Broadway St
650 SW Bond Street, Suite 100
Cannon Beach, OR 97110
Portland, OR 97232
Bend, OR 97702
Vancouver WA
Sisters
900 Washington Street Suite 150
290 East Cascade Avenue,
Vancouver, WA 98660
PO Box 609
Manzanita 467 Laneda Avenue, Box 820 Manzanita, OR 97130
Sisters, OR 97759
Lincoln City 1831 SW HWY 101 Lincoln City, OR 97367
Lake Oswego 310 N. State Street, Suite 102
Sunriver
Lake Oswego, OR 97034
57100 Beaver Drive, Building 5, Suite 150
Beaverton
Sunriver, OR 97707
8880 SW Nimbus Ave, Suite C Beaverton, OR 97008
COLUMBIA RIVER GORGE Hood River 116 3rd St, Suite 209 Hood River, OR 97031
Joe and Stephanie Reitzug
Serving Oregon & SW Washington for over 25 years
This 2019 Home Market Report is for illustrative and informative purposes only and is not an offer to perform professional real estate services or marketing. The information contained in the report is not a representation or guarantee regarding future profits or income related to real estate, and the information contained in this report should not be solely relied upon to conduct real estate activity. Cascade Sotheby’s International Realty makes no representation, warranty, or guaranty as to accuracy of any information contained in the Report and encourages you to always consult with a trusted real estate, legal, and tax professional for independent verification.