Posts with tag 'Central Oregon Real Estate Trends'

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August
18

Central Oregon Real Estate Market Trends for Sisters, Prineville, Madras and La Pine | July 2023

August 18th, 2023 by Bend Premier Real Estate

What's Up with Real Estate Trends in Sisters, La Pine, Madras and Prineville?

We track on a monthly basis the real estate single family home sales trends for Bend, and on a quarterly basis those of Redmond. However, there are four other cities in Central Oregon which are important markets to our home buyers and sellers. The small city of Sisters typically has had higher prices than the other Central Oregon municipalities, but the access to the Cascades and other recreational opportunities has been a draw for those who like its quaint, western theme. For many for whom Bend is too expensive, wonderful options are available in La Pine, Madras and Prineville.

For the past three years, all three towns have followed the same market trends for their single family home sales as we have seen in both Bend and Redmond. Lack of inventory with high demand drove home prices up through 2021 into mid 2022, at which time the sharp increase in mortgage interest rates led to a...

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Categories: Central Oregon Real Estate

Tags: Central Oregon Real Estate, Central Oregon Real Estate Trends, Sisters, Prineville, La Pine, Madras

Related Markets: La Pine , Madras , Prineville , Sisters

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